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Petrofac Consortium Awarded USD 4bn Project in Thailand

Oct 24, 2018

Petrofac, the international oil and gas services provider, leading a consortium with Saipem  and Samsung Engineering, has received an award notification for Thai Oil Public Company Limited’s (Thai Oil) Clean Fuels Project on the East coast of Thailand…

Saudi Aramco Signs Deals Worth USD 34 bln in Oil and Gas

Oct 24, 2018

Saudi Aramco signed 15 Memoranda of Understanding (MoUs)  and strategic and commercial collaborations valued at more than US$34 billion with 15 international partner companies and entities from eight countries in 3 continents.These collaborations…

Technology Centre Mongstad Sign MoU with DNV GL for CO2 Capture Technology

Oct 23, 2018

The world’s largest testing facility for carbon capture, Technology Centre Mongstad (TCM), has signed a collaborative agreement with DNV GL to deliver advisory and verification services for CO2 capture technology.According to a press release from the quality assurance and risk management company…

First LNG Cargo Exported from Ichthys

Oct 23, 2018

French oil and gas major Total said on Tuesday that the first cargo of liquefied natural gas (LNG) cargo from Australia's Ichthys LNG project has been exported following the production start-up at the end of July.Ichthys LNG, with reserves of…

Total Will Invest More in Short Cycle Projects

Oct 23, 2018

French oil and gas major Total will invest more in short cycle projects, said its chief executive on Tuesday.Patrick Pouyanne was a speaking at an investment conference in Riyadh.(Reporting by Rania El Gamal, writing by Alexander Cornwell, Editing Saeed Azhar)

Kvaerner Eyes Growth, Mergers as Profits Decline

Oct 23, 2018

Kvaerner, a Norwegian builder of oil platforms, aims to increase its revenue by some 40 percent by 2022 by expanding abroad, the company said on Tuesday after reporting a sharp decline in third-quarter earnings that drove down its shares.Kvaerner's quarterly earnings before interest…

Technical Challenges Could Slow Shale Growth -Schlumberger CEO

Oct 23, 2018

Technical challenges could slow growth shale oil production in the next 12 to 18 months, the chief executive of Schlumberger NV, the world’s largest oilfield services provider, said on Tuesday.Paal Kibsgaard, CEO, was speaking at an investment conference in Riyadh…

LNG Shipping Rates Double Since End-August

Oct 23, 2018

Headline rates for shipping liquefied natural gas (LNG) in Pacific and Atlantic basins stand at around $140,000 to $150,000 a day for a 160,000 cubic meter LNG tri-fuel diesel electric (TFDE) vessel, brokers say.That is a 6-year high and compares to Atlantic basin rates of $75…

Oil Falls by $2 After Saudi Arabia Reassures Market on Supply

Oct 23, 2018

Oil prices fell more than 2 percent on Tuesday after Saudi Arabia said it could supply more crude quickly if needed, reassuring investors ahead of U.S. sanctions on Iran's crude exports that start next month.Benchmark Brent crude oil dropped $2…

Russia Details Conditions of 2017 Settlement with Exxon on Sakhalin-1

Oct 23, 2018

Russia's government has disclosed conditions of an out-of-court settlement signed in 2017 between Russia's finance ministry, the Russian subsidiary of U.S. oil major Exxonmobil and other members of Russia's Sakhalin-1 oil and gas project, Interfax news agency reported on Tuesday…

UK's Tullow to Ramp Up Ghana Oil Production

Oct 23, 2018

UK-based Tullow Oil aims to ramp up its oil production in Ghana to 180,000 barrels per day by the end of the year, following successful drilling of additional wells, its Ghana head Kweku Awotwi said on Tuesday.Tullow is confident of sustaining peak production from its two oilfields in Ghana…

Andy Richardson Joins as COO of SimecAtlantis Energy Limited

Oct 23, 2018

Simec Atlantis Energy  announced that it has appointed Mr. Andy Richardson into the role of Chief Operating Officer at Simec Atlantis Energy.A press release from the global developer, owner and operator of sustainable energy projects with a diversified portfolio of more than 1…

Australia's Woodside China's ENN Join Hands

Oct 23, 2018

Australia’s Woodside Petroleum has signed a Cooperation Agreement with Chinese private sector gas distribution firm ENN Group under which the two companies will work together to explore a broad range of potential business opportunities.The Cooperation…

Gagarin Prospect Performs Ship-to-Ship LNG Bunkering

Oct 22, 2018

The large-capacity Aframax tanker 'Gagarin Prospect', owned by Russia's SCF Group,  successfully implementated  construction and operation commencement  using LNG as the primary fuel.Konstantin G. Palnikov, Director General of Russian Maritime Register of Shipping…

Mariner East 2 Expected to Enter Service in Q4

Oct 22, 2018

U.S. energy company Energy Transfer LP plans to start service on its Sunoco Mariner East 2 natural gas liquids pipeline in Pennsylvania during the fourth quarter of 2018, an analyst following the company said on Monday.Energy Transfer told analysts at Height Capital Markets in Washington…

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Global Offshore Rig Count in June Falls to 208. Africa Suffers the Biggest Loss

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