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Four Bunker Barges Seized in Singapore over Unpaid Debt

Apr 05, 2018

Singapore law firm asks for vessels to be arrested; bunker barges owned by Vermont UM Shipping. Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapore's Supreme Court…

Houthis Attack Saudi Oil Tanker

Apr 04, 2018

An attack on a Saudi tanker by Yemen's Houthis will not hit oil supplies, Saudi Arabia's energy minister said on Wednesday, after the Iran-allied group said it had targeted a warship in response to an air strike that killed civilians. The Western-backed…

BP eyes 119 LNG Cargoes Annually From Indonesia

Apr 04, 2018

Oil major BP is targeting shipping 119 cargoes of liquefied natural gas (LNG) from its Tangguh project in Indonesia's West Papua province this year, including 22 for the domestic market, a company official said on Wednesday. BP expects to…

Oil Hits Two-week Low After China Hits U.S. Goods With Tariffs

Apr 04, 2018

U.S. crude inventories also likely saw build for 2nd week. Oil fell to its lowest in two weeks on Wednesday after China said it would impose tariffs on a number of U.S. goods including agricultural products, raising the prospect of a growing trade war that could impact global growth…

Norway Labour Unions Threaten Strike by 35,000 Workers

Apr 03, 2018

Almost 35,000 private-sector workers organised by Norway's largest labour unions plan to go on strike from April 8 unless a deal is found over wages, pensions and other compensation, the unions said on Tuesday. The first wave of a strike…

Sinochem Pilots Blockchain for Gasoline Export Shipment

Apr 02, 2018

Sinochem Energy Technology Co. Ltd., a subsidiary of Sinochem Corporation, has successfully used blockchain technology for a shipment of gasoline from China's Quanzhou to Singapore, said official news agency Xinhua on Monday. It claimed…

China Tariffs on U.S. Ethanol to Cut Off Imports in Short-Term

Apr 02, 2018

Chinese buyers of U.S. ethanol will have to cut their imports because of new higher tariffs but they will have to return to the overseas market to meet the government's targets for using the fuel, industry participants and analysts said on Monday…

Total announces first gas from Timimoun field, Algeria

Mar 31, 2018

Total announces first gas from the Timimoun field in southwestern Algeria. The production complex with a capacity of around 5 million cubic meters of natural gas per day at plateau (around 30,000 barrels of oil equivalent per day (boe/d)), is jointly operated by Sonatrach (51%)…

Brazil Seeks to Auction 2 Santos Blocks

Mar 29, 2018

Brazilian oil Secretary Marcio Felix said on Thursday the ministry will seek to auction two choice oil blocks located in the offshore Santos basin in a June pre-salt auction. The two blocks were eliminated from Thursday's auction by a surprise court decision on Wednesday…

China's Crude Futures Contract Should Confound the Sceptics: Kemp

Mar 29, 2018

China’s new crude oil futures contract, which began trading this week, has a good chance of confounding the doubters and becoming a regional benchmark where other contracts have failed. The history of futures and options trading is littered…

Sapura JV Secures Block 30 in Gulf of Mexico

Mar 29, 2018

Sapura Exploration & Production (Sapura E&P), a wholly-owned subsidiary of Sapura Energy Berhad (“the Group”, formerly known as SapuraKencana Petroleum Berhad), together with its joint venture partners DEA Deutsche Erdoel Mexico and Premier Oil have been awarded Block 30 in Sureste Basin…

OPEC to Stick to Supply Curbs Despite Oil Rally to $71

Mar 28, 2018

OPEC and its allies look set to keep their deal on cutting oil supplies for the rest of 2018, five sources familiar with the issue said, although some producers are starting to worry that high prices may be giving too much stimulus to rival output…

Gail India Offers Sabine Pass LNG Liftings

Mar 27, 2018

Gail India has offered three liquefied natural gas (LNG) cargoes for May to July loading from Sabine Pass in the United States, two traders said on Tuesday. The cargoes will be sold based on the U.S. benchmark Henry Hub gas price, one of them said…

China Crude Futures Enjoy Champagne Start

Mar 27, 2018

China's new crude oil futures contract enjoyed a successful first day of trading in Shanghai, most likely exceeding the wildest hopes of its backers, but much of the hard work of building a viable benchmark still has to be done. The new contract…

India's Reliance Sheds TX Shale Assets

Mar 27, 2018

Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United States to privately held Sundance Energy Inc for $100 million, as the Indian oil-to-telecom conglomerate moves closer to exit U.S. shale investments…

Current News

Russia Expecting Oil Output Bump

Russia Expecting Oil Output Bump

VOS Champion Starts New Charter

VOS Champion Starts New Charter

Fugro Completes Deepwater AUV Survey for Shell

Fugro Completes Deepwater AUV Survey for Shell

China to Launch State Pipeline Group

China to Launch State Pipeline Group

Neptune Buys East Sepinggan Stake

Neptune Buys East Sepinggan Stake

EnQuest Awarded Block PM409 PSC

EnQuest Awarded Block PM409 PSC

Tendeka Launches One-trip Remedial System

Tendeka Launches One-trip Remedial System

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