Oil Prices News

 

Rebooting What’s Possible in India’s Gas Market

Nov 07, 2019

‘To lose patience is to lose the battle’ -Mahatma GandhiIndia is something of a conundrum for global LNG players. I recently returned from a week in Delhi, just as the capital was making headlines for one of the worst episodes of air pollution, while the country’s energy mix remains dominated by cheap domestic coal. At the same time, gas price sensitivity continues to stymie investment and contracting negotiations…

Saipem Inks Deal with Daewoo for Onshore Projects

Nov 11, 2019

Italy's Saipem said on Monday it signed a strategic agreement with Daewoo E&C Co. for cooperation in the onshore oil and gas industry, with a specific focus on the liquefied natural gas (LNG) sector.'LNG is strategic for us and we are definitively…

Indonesia Inks 20-year PSC for Corridor Block

Nov 11, 2019

Indonesia's government signed on Monday a production sharing contract with units of ConocoPhillips, PT Pertamina and Repsol SA for the Corridor natural gas blocks, Energy and Mineral Resources Minister Arifin Tasrif told reporters.The contract…

Oil Rises Above $62

Nov 07, 2019

Oil rose above $62 a barrel on Thursday after China hinted at progress towards a trade deal with the United States, raising hopes for an end to a long dispute that has weighed on economic growth and demand for fuel.China and the United States…

Peritus Names Regional Managing Director

Nov 06, 2019

Subsea and field development planning services provider Peritus International announced that Matthew Rawlings will be joining Peritus’ Perth office as Australia Pacific Regional Managing Director.Peritus has over 30 years' experience in the…

Russian Oil Output Down in October

Nov 03, 2019

Russia lowered its oil output to 11.23 million barrels per day (bpd) last month from 11.25 million bpd in September, missing again its obligations under a global pact to curb production, energy ministry data showed on Saturday.The Organization of the Petroleum Exporting Countries…

India Gets 8 Bids for 7 Onshore Blocks

Nov 01, 2019

India has received 8 bids for 7 onshore oil and gas exploration blocks under the latest auction, a government statement said.State-run Oil and Natural Gas Corp has submitted bids for all 8 blocks.State-run Oil India has put in a bid for 1 block.(Reporting by Nidhi Verma; editing by David Evans)

Petronas sells Bunga Kekwa crude at higher premium

Nov 01, 2019

Malaysia's Petroliam Nasional Bhd, or Petronas, has sold one cargo of December-loading Bunga Kekwa crude at a premium of around $6.50 a barrel to dated Brent via a spot tender, two trade sources said on Friday.The buyer was a trader, but the cargo will likely go to a Thai refinery…

Heavy Crude Demand Boosts Mitsui Profits

Oct 31, 2019

Higher demand in low-sulphur heavy crude ahead of new rules on shipping fuel is helping to boost the profit of Mitsui & Co as the Greater Enfield project in Australia began production in August as scheduled, the Japanese trading house's CEO said on Thursday…

Shell Buys Total's Stake in Brunei Block

Oct 30, 2019

Total said it has signed an agreement to sell wholly owned subsidiary Total E&P Deep Offshore Borneo BV — which holds an 86.95% interest in Block CA1, located 100 kilometers off the coast of Brunei — to Shell for $300 million.“This transaction…

New 3D Geophysical Survey Vessel Named

Oct 30, 2019

On September 29, a delivery ceremony for a new 3D geophysical seismic survey vessel was held at the port of Tokyo and attended by NYK chairman Tadaki Naito.The new vessel, Tansa, will be operated by Ocean Geo-Frontier Co. Ltd (OGF), a company jointly owned by NYK and others…

PetroChina Starts Gasoline Exports to India

Oct 29, 2019

China's PetroChina International Co Ltd shipped a cargo of 92 octane gasoline to India, marking the company's first direct refined oil shipment to the country, its parent company China National Petroleum Corp (CNPC) said in a statement on Tuesday…

Pertamina, Aramco Extend Cilacap Refinery Talks

Oct 29, 2019

Indonesia's PT Pertamina and Saudi Aramco have extended negotiations regarding an upgrade to Pertamina's Cilacap oil refinery December, State-Owned Enterprise Minister Erick Thohir said on Tuesday.The two sides have extended their negotiations…

ConocoPhillips Profit Beats Estimates

Oct 29, 2019

US oil and gas company ConocoPhillips' quarterly profit shot ahead of analysts' estimates on Tuesday, as higher shale production offset the impact from lower crude prices and higher exploration costs.Total production, excluding Libya, rose 98…

CNOOC Orders MacGregor Pull-in System

Oct 29, 2019

MacGregor has received an order from the China National Offshore Oil Corporation (CNOOC) to supply the riser pull-in system for a deepwater floating production unit (FPU) located in the Lingshui 17-2 gas field, offshore China.MacGregor, part of Cargotec…

Current News

BMT Delivers Real Time Monitoring for Helang FPSO

BMT Delivers Real Time Monitoring for Helang FPSO

Saipem Inks Deal with Daewoo for Onshore Projects

Saipem Inks Deal with Daewoo for Onshore Projects

Indonesia Inks 20-year PSC for Corridor Block

Indonesia Inks 20-year PSC for Corridor Block

Oil Rises Above $62

Oil Rises Above $62

Rebooting What’s Possible in India’s Gas Market

Rebooting What’s Possible in India’s Gas Market

Russian Oil Output Down in October

Russian Oil Output Down in October

India Gets 8 Bids for 7 Onshore Blocks

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