Alexander Oboronkov leapt at the chance to work on the Filanovsky platform after it was launched in 2016, keen to see Russia's largest Caspian Sea oilfield in action.The Filanovsky oilfield, along with the nearby Korchagin and Rakushechnoye fields…
Oil fell on Monday, in line with another decline across global stock markets, which came under pressure from concern about a U.S. government shutdown and a worsening world economy.The price of oil has already fallen by more than 30 percent so…
Lamprell announced that it has been selected by GeoSea Procurement & Shipping Luxembourg SA, a wholly owned subsidiairy of GeoSea NV, the lead engineering, procurement, construction and installation contractor on the Moray East offshore wind farm…
The Ministry of Energy & Water in Lebanon together with the Lebanese Petroleum Administration announced via their website the recommended blocks for bidding during the Lebanese 2nd licensing round for hydrocarbon exploration offshore Lebanon…
The U.S. Department of Energy (DOE) would now only require U.S. LNG exporters to report the country or countries of LNG deliveries, not country of end-use, to satisfy the DOE’s destination reporting requirement.Further, DOE announced additional…
Port of Amsterdam CEO Koen Overtoom and ten other Amsterdam residents have been named Energy Commissioners by Platform 02025, a non-profit that aims to make Amsterdam a leader in clean energy.Amsterdam port said in a press release that the appointment…
Russian oil producer Gazprom Neft has secured hydrocarbon exploration, development and production rights to the Leninsky license block in the Gydan Peninsula.The Leninsky license block is located in the Gydan Peninsula in the Taymyrsky district of the Krasnoyarsky Krai…
China's imports of liquefied natural gas (LNG) in November surged to a new record as the country briskly promotes the green fuel to clean its energy mix, said a report in Xinhua.In November, LNG imports totaled 5.99 million tons hitting a new record…
Polish Oil and Gas Company (PGNiG) said that PGNiG Upstream Norway AS has acquired a detailed 2D seismic image, which will facilitate the selection of a drilling location in the Shrek prospect within the PL838 licence area.The Polish natural…
Paris-based Maurel & Prom announced that it has acquired Shell Exploration and Production Investments' 40% interest as Shareholder B in Petroregional del Lago Mixed Company, which operates the Urdaneta West field in Lake Maracaibo, Venezuela…
The consortium consisting Italy’s Snam, Spain’s Enagás and Belgium’s Fluxys has completed the acquisition of a 66 percent stake in Greek natural gas operator DESFA.According to a joint release, the purchase valued at €535 million ($613.9 million)…
Russia's largest independent natural gas producer PAO Novatek announced that its next LNG project, Arctic LNG 2 and Nuovo Pignone (Italy) signed an agreement on turbo machinery equipment.The the seventh largest publicly traded company globally…
The floating LNG services provider Höegh LNG Holdings announced that it has entered into a time charter party with Australian utility company AGL Shipping Pty for the provision of a floating storage and regasification unit (FSRU) to facilitate its proposed Gas Import Jetty project at Crib Point…
U.S. energy firms added oil rigs for the first time in the past three weeks despite sharp declines in crude futures prices to their lowest since the summer of 2017.Drillers added 10 oil rigs in the week to Dec. 21, bringing the total count to 883…
U.S. shale producers are slamming the brakes on next year's drilling with crude prices off 40 percent and mounting fears of oversupply, paring budgets that in some cases were set only weeks earlier.The reversal is alarming because blistering growth in shale fields has propelled U…
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