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Offshore Part of TurkStream Complete

Nov 19, 2018

The construction of the offshore part of the TurkStream pipeline that will pump Russian gas to Turkey had been completed, a senior official at Russian gas giant Gazprom said on Monday.Gazprom's Oleg Aksyutin made the announcement on television…

Cimarex to Buy Resolute Energy in $1.6 Bln Deal

Nov 19, 2018

Oil and gas producer Cimarex Energy Co said on Monday it would buy smaller rival Resolute Energy Corp in a deal valued at $1.6 billion, including debt, adding more assets in the shale-rich Permian Basin.The region has seen several deals as bigger producers add more assets…

Ineos to Buy ConocoPhillips North Sea Assets

Nov 18, 2018

Britain's richest man Jim Ratcliffe's oil and gas company Ineos Group Holdings is in exclusive talks with ConocoPhillips to buy North Sea oil and gas fields worth $3 billion from the U.S. energy company.Various news paper reports say that British…

SBM Offshore Wins AIP for Wind Floater Design from ABS

Nov 18, 2018

The classification society American Bureau of Shipping (ABS) has issued an Approval in Principle (AIP) to Dutch-based SBM Offshore for its proprietary wind floater design.The global provider of floating production and mooring systems (FPSO)…

Shipping Emission to Increase Up to 250% by 2050, ITF Warns

Nov 18, 2018

Maritime transport emitted 938 million tonnes of CO2 in 2012. This represented 2.6% of total global carbon emissions, said International Transport Forum (ITF)By 2050, shipping CO2 emissions are projected to increase between 50% and 250% if no drastic action is taken…

Inpex Officially Opens Ichthys LNG Site

Nov 18, 2018

A landmark celebration has officially opened the onshore LNG processing facilities of INPEX-operated Ichthys LNG – one of the largest and most complex resource developments in the world.Japanese, Australian and Northern Territory government…

IMO Assists Cuba in Spill Preparedness

Nov 16, 2018

Cuba is the fourth Caribbean country to receive International Maritime Organization (IMO) assistance on spill preparedness in recent weeks, following similar events in Mexico, Suriname and Trinidad & Tobago.An IMO-funded workshop on ‘National…

Training on Ship Fuel Data Collection in China

Nov 16, 2018

The International Maritime Organization (IMO)-led GloMEEP project has delivered a training course in China last week to help maritime administrations and classification societies play their part in an ambitious scheme to collect fuel consumption data from ships…

BP to Supply Crude to St. Croix Refinery

Nov 16, 2018

BP Plc's trading arm on Friday entered a tolling agreement with the owners of an idled oil refinery in St. Croix, U.S. Virgin Islands, cementing plans to bring the plant back online six years after it was idled by previous owners, the company said…

BMT Inks Service Deal with Al Masaood

Nov 16, 2018

BMT said it has signed a service agreement with UAE oil and gas supplier and contractor Al Masaood Oil & Gas.The agreement with the Abu Dhabi headquartered company will see BMT being assisted by Al Masaood Oil & Gas to deliver risk & safety…

Leadership Changes at Anadarko

Nov 16, 2018

Anadarko Petroleum Corporation announced Thursday that Bob Gwin, formerly Executive Vice President (EVP), Finance and CFO, has been named President. In his new role, Gwin will be responsible for leading Anadarko's worldwide operations, project management…

Oil Gains on Talk of Supply Cut

Nov 16, 2018

Oil rose nearly 1 percent on Friday on expectations that the Organization of the Petroleum Exporting Countries and its allies would agree to cut output next month, though prices were set to for a weekly drop on underlying concerns that the global market was oversupplied…

​Most of Nord Stream 2 Project to be Paid for by 2019 - OMV CEO

Nov 16, 2018

The Nord Stream 2 gas pipeline project connecting Russia to Germany will be 70 percent paid for by next year, the chief executive of Austrian oil and gas company OMV said on Friday.The project partners will likely make another cash transfer by the end of 2018…

Largest Chinese-built FSRU Delivered

Nov 16, 2018

PaxOcean’s Zhoushan Shipyard has delivered a 26,000m3 floating storage and regasification unit (FSRU) Karunia Dewata to Indonesia-based Jaya Samudra Karunia (JSK). The FSRU is the largest to be built in China and will be capable of regasifying around 50 million standard cubic feet per day…

Tajikistan Starts Up First Turbine in Dam Set to be World's Tallest

Nov 16, 2018

Tajikistan started the first turbine of its Rogun hydroelectric power plant on Friday, part of a dam project that aims to secure the Central Asian nation's energy independence.The former Soviet republic issued its first Eurobond last year to help finance the project…

Current News

Woodside Finds South Korean Partners to Advance LNG Value Chain

Woodside Finds South Korean Partners to Advance LNG Value Chain

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Valeura Makes Progress with Multi-Well Drilling Campaign in Gulf of Thailand

Santos and QatarEnergy Agree Mid-Term LNG Supply

Santos and QatarEnergy Agree Mid-Term LNG Supply

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

PTTEP Hires Energy Drilling’s Rig for Southeast Asia Offshore Job

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

One Shelf Drilling Rig Up for New Job in India, Other for Disposal

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

Four Jack-Up Drilling Rig Deals Set to Bring In $129M for Borr Drilling

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

PTTEP Hires Velesto’s Jack-Up Rig for Drilling Campaign off Malaysia

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