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LNG Only Fills Niches in Europe

Feb 28, 2019

Although LNG (Liquid Natural Gas) provides a solid supplement to European gas supplies, the EU is and will remain a pipeline market – for good reasons, said Wintershall's new position paper.The report from Germany's largest crude oil and natural…

Gasum's Coralius Made 100th LNG Bunkering

Feb 28, 2019

Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its 100th bunkering on February21. Coralius is operating on behalf of Gasum (former Skangas) and the vessel mainly operates in the North Sea and the Skagerrak area…

Global LNG Demand to Rise by 35mt in 2019

Feb 28, 2019

Global liquefied natural gas (LNG) supply is set to rise by 35 million tons (mt) in 2019, Trend reports with reference to forecasts of Royal Dutch Shell. Acording to Shell’s latest annual LNG Outlook, Europe and Asia are expected to absorb all this additional supply…

LNG Rates Hit Record in 4Q: Flex LNG

Feb 28, 2019

During the fourth quarter ended December 31, 2018, spot LNG rates reached record levels as market players were positioning themselves ahead of the winter season, said Flex LNG.According to the UK-based provider of LNG Shipping with a focus on…

DOE Chief Perry: OPEC Bill Could Spike Oil Prices

Feb 28, 2019

The United States needs to be cautious about pending legislation that would allow the Justice Department to sue OPEC and other oil producers over supply cuts because it could result in higher prices in the long term, U.S. Energy Secretary Rick Perry said on Thursday…

Senate Confirms Wheeler to lead EPA

Feb 28, 2019

The U.S. Senate on Thursday confirmed President Donald Trump's candidate, a former coal lobbyist, to lead the nation's top environmental regulator, infuriating Democrats and conservation groups who said his policies were endangering public health…

US Offers Oil from Emergency Reserve

Feb 28, 2019

The U.S. Energy Department said on Thursday it is offering up to five million barrels of sweet crude oil from the national emergency reserve in a sale mandated by previous laws to raise funds to modernize the facility.Laws passed by Congress…

CNPC to Develop New Shale Oilfield

Feb 28, 2019

China's state-owned CNPC has started developing a new offshore shale oilfield near the Bohai Rim Basin, the company said via its official newspaper on Thursday.CNPC aims to produce 50,000 tonnes of shale oil from the Bohai Rim Basin in 2019…

Petrobras: First Annual Profit in 5 Years

Feb 28, 2019

Brazilian state-run oil firm Petroleo Brasileiro SA reported its first annual profit in five years on Wednesday as it swung to a net profit in the fourth quarter, although one-time provisions and writedowns led it to miss estimates.In a securities filing…

ExxonMobil Finds Natural Gas Off Cyprus

Feb 28, 2019

U.S. oil and gas major Exxon Mobil Corp said on Thursday it had found natural gas offshore Cyprus, a region already known for some of the world's largest such discoveries.The east Mediterranean island is located in the Levant basin, where both…

DNV GL Opens New Houston Facility

Feb 28, 2019

DNV GL announced Thursday that it has opened a new facility in Houston to provide failure analyses that support the industry in conducting effective and efficient root cause analyses.The facility will carry out the initial steps of a failure investigation…

Partners Eye Conoco's North Sea Assets

Feb 28, 2019

Italy's Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillips' North Sea oil and gas assets, sources close to the process said.Conoco relaunched the sale process in recent weeks after energy and chemicals firm Ineos…

Repsol Net Profit Up 7.5%

Feb 28, 2019

Spanish oil and gas firm Repsol beat forecasts with a 7.5 percent increase in fourth-quarter adjusted net profit on Thursday, boosted by higher oil and gas prices and increased production, and said its strategic plan was on track.Repsol started new projects in Algeria…

Oil, Gas Majors Join Blockchain Consortium

Feb 27, 2019

A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain consortium in the United States.With several use cases across the industry value chain…

Global FPSO Market to Hit USD30Bln by 2025.

Feb 27, 2019

The floating storage and offloading (FSO) vessel market is anticipated to surpass USD 30 billion by 2025, said a study.The FPSO market is set to witness vigorous growth on account of shifting trends toward offshore exploration & production driven by depleting onshore oil & gas reserves…

Current News

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Petrovietnam, Partners Sign PSC for Block Off Vietnam

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Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

Japan Protests China’s New Oil and Gas Construction Activities in East China Sea

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

CNOOC Signs Hydrocarbons Exploration and Production Deal with Kazakhstan

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