Oil giant ExxonMobil, together with partner Qatar Petroleum (QP), made giant gas discovery to the east Mediterranean region after finding a gas-bearing reservoir offshore Cyprus and estimated in-place gas resources in the reservoir at 5 to 8 trillion cubic feet (tcf) of gas…
U.S. shale energy companies are cutting their spending levels in 2019, but they're still planning on increased oil and gas output.'US shale companies expect to deliver an average of 15% growth in oil production in 2019 vs. 2018. At the same time…
2019 is set to be the biggest year for constructed and commissioned utility Photovoltaics (PV) (2200 MW), wind (2400 MW) and storage (100 MW) in Australia, said Rystad Energy in its forecast for the utility scale PV, wind and storage to be constructed and commissioned for Australia to 2020…
The barriers and incentives relating to the uptake of alternative fuels in the shipping industry were in the spotlight at a roundtable meeting of International Maritime Organization (IMO)’s Global Industry Alliance (GIA) to Support Low Carbon Shipping at IMO Headquarters…
The port of Ferrol hosted its first liquefied natural gas (LNG) bunkering operation recently which saw two ferries filled with LNG by Repsol in the port’s Mugardos terminal.Recently built by Turkish shipyard Tersan, the Samnøy and Huftarøy ferries…
The consortium promoting the commercial case for liquefied natural gas (LNG), SEA\LNG, believes LNG is a viable pathway to meet the International Maritime Organisation (IMO)’s 2050 Greenhouse Gas (GHG) targets.The maritime industry really has…
The British-Dutch oil and gas giant Royal Dutch Shell plc, commonly known as Shell, joins as equity partner with Air Liquide, Enerkem, Nouryon and the Port of Rotterdam, the largest port in Europe.The proposed project in Rotterdam will be the…
U.S. energy firms this week cut the number of oil rigs operating to the lowest in almost nine months as some producers follow through on plans to cut spending despite an over 20-percent increase crude futures so far this year.Drillers cut 10 oil rigs in the week to March 1…
Petroleo Brasileiro SA is expanding its ambitious divestment program and has 'bold' plans for future sales, the Brazilian state-run oil company's chief executive said after the firm reported its first annual profit in five years.On a post-results conference call with analysts on Thursday…
Oil prices reversed course on Friday, falling 2 percent as bearish U.S. manufacturing data stoked concerns over global energy demand growth.The ISM manufacturing activity index in February sank to the lowest since November 2016, and was below expectations…
NOIA President Randall Luthi released the following statement after the Senate voted to confirm Andrew Wheeler as the Environmental Protection Agency (EPA) Administrator:“NOIA congratulates Andrew Wheeler and applauds the Senate following his confirmation as EPA Administrator…
Dutch prosecutors are preparing criminal charges against Royal Dutch Shell over the $1.3 billion acquisition of an Nigerian offshore oilfield, ramping up pressure on the energy firm that already faces bribery charges in Italy over the case.Within hours of Friday's announcement on the Nigerian case…
For a proposed statute still at the first stage of the legislative process, with only a handful of sponsors in the U.S. Congress, the “No Oil Producing and Exporting Countries Act of 2019” (NOPEC) is generating a lot of comment.The amount of…
Record U.S. output, exports offset some of OPEC's cuts.Oil prices were broadly steady on Friday as surging U.S. supply and concerns of a global economic slowdown were offset by falling OPEC output.International Brent crude futures were at $66…
An oil tanker carrying U.S. crude oil is offloading its cargo at a Chinese port on Friday, marking China's first import from the United States since late November, according to trade sources and Refinitiv data.Trade tensions between the United States and China cut U…
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