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Oil Fall Again, Rising Supplies Weighs

Aug 02, 2018

Trade tensions cap gains as U.S. inventories jump, confounding expectations.Oil prices fell for a third day on Thursday, following a surprise increase in U.S. crude inventories that added to existing concern about the rapid rise in global crude supply…

Bad Weather Stalls Bangladesh FSRU Hook Up

Aug 02, 2018

A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations 'within a week' after bad weather hampered its start-up, an official said on Thursday…

Petronas Appoints Ahmad Nizam Salleh as New Chairman

Aug 01, 2018

Malaysia has appointed Ahmad Nizam Salleh as the new chairman of state-owned oil company Petroliam Nasional Bhd effective immediately, according to a statement from the prime minister's office on Wednesday.Ahmad Nizam has worked in the oil and…

China's New Shenzhen Terminal Receives First LNG Cargo

Aug 01, 2018

China National Offshore Oil Company (CNOOC) started operating a new import facility in southern China for liquefied natural gas (LNG), state media reported on Wednesday.The terminal in the city of Shenzhen, near Hong Kong, on Wednesday received a 93…

Indonesia's Pertamina to Take Over Chevron's Rokan Block in 2021

Jul 31, 2018

Indonesia has decided Pertamina will take over operation of the Rokan oil block, the country's second-biggest crude producing field, once Chevron's operating contract there expires in 2021, Deputy Energy Minister Arcandra Tahar said on Tuesday…

Warm Sea Water Limits Nuclear Reactor Capacity

Jul 31, 2018

Swedish utility Vattenfall said its Ringhals 2 nuclear reactor was running at 49 percent capacity on Tuesday as the sea water used to cool it nears an upper temperature limit.Water from the Baltic Sea is used to cool several nuclear reactors along Sweden's coastline…

Gas Production Begins at Ichthys LNG Project

Jul 30, 2018

Inpex Corp said on Monday it has begun producing gas at the $40 billion Ichthys liquefied natural gas (LNG) project off northern Australia, a major milestone for the long-delayed project.'The project expects to begin the shipment of products…

Singapore's Offshore Industry Recovering

Jul 30, 2018

A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry, along with a top-class finance sector…

Wison Wins FEED Contract for Canadian FLNG Project

Jul 27, 2018

Wison Offshore & Marine announced it has been awarded a contract to carry out front-end engineering design (FEED) for a proposed floating liquefied natural gas (FLNG) project sited in British Columbia, Canada.Wison said it has entered into a…

SBM Offshore Reaches Settlement in Brazil Corruption Probe

Jul 27, 2018

SBM Offshore has reached a settlement in a long-running corruption investigation it faced in Brazil, allowing the Dutch marine engineering group to take up new business there.SBM said late on Thursday it would pay approximately $189 million…

COSL to Drill Tui Field Wells for Tamarind Resources

Jul 26, 2018

Offshore driller COSL Drilling Europe as entered into an agreement with Tamarind Resources for drilling operations with Hai Yang Shi You 982 (HYSY 982) in New Zealand.Tamarind Resources owner of the Tui Field (PMP 38158) announced that it has…

French Tidal Energy Project Clears another Hurdle

Jul 26, 2018

EU competition regulators approved on Thursday French support for an EDF-operated tidal energy project, saying the scheme was in line with the bloc's energy and climate goals.The Normandie Hydro plant, located at Raz Blanchard on the English channel and to be developed by OpenHydro…

Oil Prices Rise After U.S. Crude Inventories Fall

Jul 25, 2018

Oil prices rose for a second day on Wednesday after data showed U.S. crude inventories fell more than expected, easing worries about oversupply that have dragged on markets in recent weeks.Brent crude was up 40 cents, or 0.55 percent, at $73…

Reach Subsea Scores Work in Houston

Jul 24, 2018

Norwegian based offshore services provider Reach Subsea said its Houston office has secured several contracts from oil majors in the region, comprising some 100 days of work.Reach Subsea opened its Houston office earlier this year with sights on expanding its services into the important subsea hub…

Unique Group Enters into West Africa JV

Jul 24, 2018

Subsea and offshore solution provider Unique Group said it has formed a joint venture (JV) with Nigeria-based Charkin Maritime & Offshore Safety Ltd, a professional training company for the maritime and offshore oil and gas industries.The newly formed JV…

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After 5 months, the price of Asia Gold-India has increased due to festive demand and a price decrease
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