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Papua New Guinea LNG Project Resumes Exports

Apr 16, 2018

A liquefied natural gas (LNG) tanker has left Papua New Guinea laden with the first export cargo of the supercooled fuel since the country's giant LNG project resumed production after a major earthquake triggered a shutdown in February, Thomson Reuters Eikon shiptracking data showed on Monday…

BP to Keep Carbon Footprint Flat into 2025

Apr 16, 2018

BP to reduce CO2 emissions by 3.5 mln tonnes per year by 2025 even as it plans to sharply increase oil and gas output in coming years. BP said on Monday it will keep carbon emissions flat over the decade to 2025 even as its oil and gas ouput is set to grow…

First Cove Point LNG Lifting Departs Maryland

Apr 16, 2018

The first contractual liquefied natural gas (LNG) cargo from Dominion Energy Inc's newly constructed Cove Point LNG export plant in Maryland in the United States left the facility on Monday, Thomson Reuters Eikon ship tracking data showed. The…

ExxonMobil Resumes Production in Papua New Guinea

Apr 13, 2018

ExxonMobil said that production of liquefied natural gas (LNG) has safely resumed at the PNG LNG project in Papua New Guinea following a temporary shutdown of operations after a severe earthquake occurred in the region on Feb. 26. LNG exports are expected to resume soon…

Britain: Biofuel Targets Will Reduce Diesel Reliance

Apr 13, 2018

British biofuel targets coming into force this weekend will double the use of renewable fuels in the UK transport sector in 15 years and reduce reliance on imported diesel, the government said on Friday. The new targets, which take effect on April 15…

Maersk Establishes Decomissioning Company

Apr 12, 2018

A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing amount of offshore oil and gas fields are approaching the end of their economic life…

OPEC: Oil Markets Tightening Even as U.S. Shale Booms

Apr 12, 2018

The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from rivals who have benefited from higher oil prices. U.S.…

Russia Ready to Consider Gas Supplies via Ukraine After 2020

Apr 11, 2018

Russian Energy Minister Alexander Novak told European Commission Vice President Maros Sefcovic that Russia was ready to consider using Ukraine as a gas transit route after 2020, the energy ministry said on Wednesday.German Chancellor Angela…

China Coal Imports to Fall This Year

Apr 10, 2018

China's coal imports are expected to fall by 8 percent this year, a senior industry official said on Tuesday, amid growing concerns that the world's top consumer of the fuel will curb arrivals from abroad to boost the domestic market. Arrivals from abroad will be 250 million tonnes…

Arctic Norway Terminal Plans Revived

Apr 10, 2018

Oil firms operating two oilfields and several oil discoveries in the Barents Sea off Norway are looking at a possibility to build an onshore oil terminal, Norway's oil minister said on Tuesday. 'I'm optimistic. I think it's important that…

Kinder Morgan Halts Most Work on Disputed Canada Pipeline

Apr 09, 2018

Kinder Morgan Canada on Sunday suspended most work on a C$7.4 billion ($5.8 billion) oil pipeline expansion that has become the focus of protests, a move underscoring uncertainty over major energy projects in Canada. Company Chairman Steve…

Philippines Eyes Exploration Deal with China in S.China Sea

Apr 09, 2018

The Philippines is looking to seal a pact with China within a few months to jointly explore for oil and gas in a part of the busy South China Sea waterway claimed by both countries, a Philippine official said on Monday. In February, the…

Oil Edges Up But U.S.-China Trade Tensions Weigh

Apr 09, 2018

Trade dispute between U.S./China unsettles markets as U.S. drillers add 11 rigs drilling for new oil. Oil markets stabilised on Monday after having lost around 2 percent last Friday as concerns grew over the impact on global growth from…

Rolls-Royce bags first nuclear power contract in China

Apr 07, 2018

Rolls-Royce has signed a contract to modernise rod control system equipment in 14 of CGN’s CPR1000 nuclear power units in China. It’s the first contract of its kind for Rolls-Royce in China and was signed with CGN subsidiary, Suzhou Nuclear Power Research Institute (SNPI)…

Gazprom CEO Proud of Inclusion on US Sanctions List

Apr 06, 2018

The CEO of Russia's Gazprom, Alexei Miller, said on Friday he was proud of having been included on a new U.S. sanctions list and that the company's policies were right.'Not being included in the first list I even had some doubts - maybe something is wrong (with me)…

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