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Video: FPSO Travels from China to Brazil

Feb 13, 2019

Dutch firm Boskalis transported the 90,000-ton FPSO P-67 from Qingdao, China to Rio de Janeiro, Brazil, aboard the semi-submersible heavy transport vessel BOKA Vanguard.FPSO P-67 was built by China’s Offshore Oil Engineering Company (COOEC)…

BHP Approves Funding for BP-led GoM Project

Feb 13, 2019

BHP Group, the world's largest miner, said on Wednesday its board has approved $696 million in funding to expand production at the BP PLC-led Atlantis oil project in the U.S. Gulf of Mexico.The move comes about a month after London-listed oil…

Tullow Oil Returns to Net Profit

Feb 13, 2019

Africa-focused Tullow Oil reported its first annual net profit in five years on Wednesday and said it would resume dividends with a 4.8 cent per share payout as it sets its sights on East African projects and drilling in Guyana.As flagged in November…

Pluto LNG Facility Resumes Full Output

Feb 13, 2019

Woodside Petroleum's Pluto liquefied natural gas (LNG) facility has resumed full output after a brief outage last week, a company spokeswoman said on Wednesday.There was no impact on production guidance, she said without elaborating.The 4.9…

Uganda Expects Delayed First Oil Production

Feb 13, 2019

Uganda expects to begin producing oil in 2022, its energy minister Irene Muloni said on Wednesday, indicating a slight delay from the east African country's revised target of 2021.Uganda discovered crude reserves more than 10 years ago but production…

Europe Offshore Wind Capacity Up 18% in 2018

Feb 12, 2019

Europe installed a total of 2.6 gigawatts (GW) of new offshore wind capacity in 2018, an 18% increase which takes the region to a total capacity of 18.5 GW.According to new figures published this week by the region’s wind energy trade body, WindEurope…

Velesto Gets Contract Extension from Hess

Feb 12, 2019

Malaysian drilling contactor Velesto Drilling said that the oil company Hess Exploration and Production Malaysia has extended the contract for the Naga 8 jack-up drilling rig in North Malay Basin, Malaysia.Naga 8 jack-up rig is owned by Velesto Drilling (previously known as UMW Offshore Drilling)…

Oceanic Breeze Brings LNG to Japan

Feb 12, 2019

Japanese energy company INPEX Corporation announced that the LNG Tanker Oceanic Breeze called for the first time at INPEX’s Naoetsu LNG Terminal located in Joetsu City, Niigata Prefecture, Japan.The tanker has delivered a cargo of liquefied…

Roll Group Completes at Elba Island LNG

Feb 12, 2019

Heavy lift specialist Roll Group said it has completed its activities on the expansion of the LNG plant at the Elba Island project in Savannah, Georgia.'The activities on Elba Island have come to an end for Roll-Lift USA. Mid-January the last equipment was removed…

German LNG Terminal Signs New Pact

Feb 12, 2019

German LNG Terminal GmbH, the joint venture driving forward Germany’s first LNG terminal in Brunsbuettel, has reached another long-term commercial capacity agreement with an unnamed global LNG player.The gas infrastructure company consisting of N…

Slufterdam Doubles Wind Power

Feb 12, 2019

Eneco and Vattenfall have completed repowering of the Slufterdam wind farm in the Netherlands, boosting output to 50MW from around 25MW.The 17 existing wind turbines in the farm, which has been supplying renewable energy since 2002, have been…

INPEX Selects NAPA for LNG Carrier Fleet

Feb 12, 2019

Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring operations on three of its liquefied natural gas (LNG) carriers.NAPA said that Inpex awarded a deal to the company…

MOL, Total Make Refueling Europe Easier

Feb 12, 2019

Japanese logistics giant Mitsui O.S.K. Lines (MOL) and French multinational integrated oil and gas company Total S.A. signed an agreement which will make travelling across Europe easier for their corporate customers.The agreement provides for…

Occidental Petroleum Profit Jumps

Feb 12, 2019

Occidental Petroleum Corp on Tuesday reported a quarterly profit that beat analysts' estimates, helped by a surge in Permian basin production and higher realized prices for its crude.Production from its Permian resources unit rose 57 percent to 250…

Oil Up On Saudi and OPEC Cuts

Feb 12, 2019

Oil prices gained nearly 3 percent on Tuesday, supported by OPEC-led production cuts, which Saudi Arabia said it would surpass by more than half a million barrels per day (bpd), and by U.S. sanctions against Iran and Venezuela.Brent crude futures were up $1…

Current News

Sapura Energy Rebrands to Vantris Energy

Sapura Energy Rebrands to Vantris Energy

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

BP, ONGC, Reliance Industries Ink Deal for Offshore Exploration in India

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

Allseas-Boskalis Consortium Bags $1.4B Offshore Gas Pipeline Job in Taiwan

CNOOC Brings New Offshore Gas Field On Stream

CNOOC Brings New Offshore Gas Field On Stream

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

Yinson, PTSC Get $600M Contract for Vietnam-Bound FSO

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

PTTEP Buys Chevron's Hess Unit Share of Southeast Asia’s Offshore Block for $450M

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

Valeura Energy, PTTEP Partner Up on Gulf of Thailand Blocks

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Sources say that despite the export ban, Russia may face gasoline shortages.
Sources say that Trump is looking to bring Azerbaijan and Central Asian nations under the Abraham Accords.
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