Russian President Vladimir Putin and Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed of the United Arab Emirates signed a declaration on a strategic partnership on Friday which included an agreement to continue cooperation in the oil and gas sphere…
Russian President Vladimir Putin told Abu Dhabi Crown Prince Sheikh Mohammed bin Zayed of the United Arab Emirates on Friday that efforts by the Organization of the Petroleum Exporting Countries (OPEC) have been good for oil prices.'Our joint efforts…
Top Chinese oil and gas firm PetroChina is adding new production wells at one of its main oilfields, in northeast China, aiming to build 1.06 million tonnes of new annual capacity this year, parent company CNPC said on Friday.PetroChina plans…
AGL Energy Ltd, Australia's biggest power producer, expects to make a final investment decision on the country's first liquefied natural gas (LNG) import terminal in the financial year of 2019, a company official said on Friday.The A$250 million…
TechnipFMC said it has been awarded a subsea contract by CNOOC Limited for the Liuhua 16-2, 20-2 and 21-2 Oilfield Joint Development Project in the South China Sea, at water depths ranging from 380 to 430 meters.The contract covers the engineering…
Tullow Oil is interested in new oil blocks off Ghana's coast as part of the British explorer's plans to consolidate its operations in the West African nation, Chief Executive Paul McDade said. Tullow is leading two operations offshore Ghana…
ABB technology allowing integration of batteries receives major vote of confidence as Louis Dreyfus Armateurs orders second wind farm service vessel featuring a wide scope of ABB’s solutions.Maritime transportation group Louis Dreyfus Armateurs…
Dutch marine contractor Van Oord said on Wednesday it had won a 500 million euros ($579 million) contract to build a 640 megawatt (MW) offshore wind farm in Taiwan.Van Oord will design, manufacture and install the eighty foundations for the wind farm…
China's has urged local governments along the Yangtze river to survey the environmental damage done by the 'uncontrolled' development of small-scale hydropower, warning that some plants could be closed, according to a government notice on Wednesday…
Damen Verolme Rotterdam (DVR) completed a refit project on the MPI Enterprise, a 120-metre, self-elevating, DP2, wind turbine installation vessel owned and operated by MPI Offshore, part of the Vroon Group. The works included the installation of spudcans on her four-legged jacking system…
To prepare for a gradually strenghthening tanker market, Concordia Maritime decided to participate in three suezmax tankers chartered in by Stena Bulk. The 158,000 dwt vessels were built in Korea between 2012-2014. The contracts are for 12 months…
In the relatively short space of the past decade the paper iron ore market has grown from virtually nothing to exceed the physical market, but now the industry is grappling with what comes next. While the growth in iron ore futures and exchanged-cleared swaps has been impressive…
French energy major Total will get a 10 percent stake in the future Arctic LNG-2 project led by Novatek, Novatek Chief Executive Leonid Mikhelson said on Thursday. The entire project has been valued at $25.5 billion, Mikhelson told reporters…
Buying interest for North Sea Forties crude reappeared in the trading window on Thursday for the first time this week, but bids were at a discount to the last deal levels. Oseberg stayed the cheapest benchmark grade and the one setting dated Brent's value…
Russian Energy Minister Alexander Novak said on Thursday restrictions on oil production could be eased 'softly' if OPEC and non-OPEC countries see the oil market balancing in June, the Interfax news agency reported.Novak said OPEC and non-OPEC…
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