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Unmanned Platform Starts Production at Oseberg Vestflanken 2

Oct 15, 2018

The Oseberg Vestflanken 2 field in the North Sea came on stream on Sunday. Remote-operated from the Oseberg field center, the new Oseberg H platform is the first unmanned platform on the Norwegian Continental Shelf. Recoverable resources are 110 million barrels…

British Columbia Natgas Exports to Washington Rise Slowly After Pipe Blast

Oct 15, 2018

The amount of natural gas moving from British Columbia to Washington state through the Sumas hub edged up over the weekend after Enbridge Inc last week returned a pipeline to service following a pipe blast in British Columbia.The reduction in the amount of gas flowing through the point…

Oil Steady as Saudi Tensions Balance Demand Outlook

Oct 15, 2018

Oil prices steadied on Monday as tension over the disappearance of a prominent Saudi journalist stoked supply worries, balancing concerns over the long-term demand outlook.Benchmark Brent crude oil jumped by $1.49 a barrel to a high of $81.92 before giving up its gains to trade around $80…

India's Petronet LNG says Talks to Invest in Qatar Have Slowed

Oct 15, 2018

India's Petronet LNG Ltd said on Monday its talks to invest in Qatar's exploration and production sector had 'slowed down,' as the company had not been able to reach an agreement on pricing with the Middle Eastern nation.'Qatar is still at a very preliminary stage…

Cepsa Postpones Bumper IPO, Blames Market Rout

Oct 15, 2018

Spain's Cepsa postponed what would have been the largest oil company listing in a decade on Monday, the latest IPO to succumb to a global sell-off in equity markets.Cepsa's owner, Abu Dhabi state investor Mubadala, had planned to raise about 2 billion euros ($2…

Hurricane FPSO Leaves Dubai After Upgrade, Shetlands First Oil Seen in H1

Oct 15, 2018

The Aoka Mizu floating production, storage and offloading (FPSO) vessel ordered by Hurricane Energy has left Dubai following a series of upgrades, the company said, another milestone for the group as it seeks to extract so-called fractured basement oil in Britain…

Aker BP to Buy Equinor Gas, Condensate Discovery

Oct 15, 2018

Aker BP has agreed to buy Equinor's 77.8 percent stake in Norway's King Lear gas and condensate discovery for $250 million in cash, the two companies said on Monday.The North Sea discovery has estimated reserves of 77 million barrels of oil equivalents…

US GoM Oil Production Off 32% from Storm

Oct 12, 2018

U.S. Gulf of Mexico producers have cut oil output by 32 percent and natural gas production by 13 percent as a result of the lingering effects of Hurricane Michael, the Bureau of Safety and Environmental Enforcement (BSEE) said on Friday, citing reports from 27 companies…

US Drillers Add Oil Rigs for First Week in Four

Oct 12, 2018

The U.S. oil drilling rig count rose this week for the first time in four weeks even as crude prices tumbled to their lowest in almost three weeks.Drillers added eight oil rigs in the week to Oct. 12, bringing the total count to 869, General…

Oil Rebounds Towards $81 but Weaker Demand View Weighs

Oct 12, 2018

Oil rebounded towards $81 a barrel on Friday as an equities rally lent support, though prices pared gains after a closely watched forecaster deemed supply adequate and the outlook for demand weakening.Crude was still heading for its first weekly drop in five weeks…

LOOP Resumes Normal Operations After Storm

Oct 12, 2018

The Louisiana Offshore Oil Port (LOOP), the largest privately-owned crude terminal in the United States, said it resumed normal operations at its Marine Terminal on Thursday after operations were suspended ahead of Hurricane Michael.Major oil…

U.S. Oil Firms Restoring Operations in Storm-tossed Gulf of Mexico

Oct 11, 2018

Oil producers on Thursday were checking Gulf of Mexico production platforms and beginning to return crews to more than 90 offshore facilities evacuated this week as Hurricane Michael moved through the Gulf.Production shut-ins that temporarily…

U.S. Crude Stocks Up by 6 mln Barrels - EIA

Oct 11, 2018

U.S. crude stocks rose last week as refineries cut output, while gasoline stocks increased and distillate inventories fell, the Energy Information Administration said on Thursday.Crude inventories rose by 6 million barrels in the week to October 5…

Petrobras Forms JV with Murphy in Gulf of Mexico

Oct 11, 2018

Brazil's state-controlled oil company Petroleo Brasileiro SA is forming a joint venture with Murphy Oil Company to explore oil and gas fields in the Gulf of Mexico, the Brazilian company said on Wednesday in a securities filing.According to the filing…

LNG Report: Floating Liquefaction & Regasification

Oct 11, 2018

International Maritime Associates has completed a 12-month study of the global market for floating gas liquefaction plants and floating LNG regasification terminals.   The 150+ page study, published by World Energy Reports, is the most detailed analysis yet made of this growing business sector…

Current News

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

Noble Corp: New Rig Deals in UK, Extensions in Qatar and Suriname, Cancellation in Vietnam

China's MingYang Launches 11MW Offshore Wind Turbine

China's MingYang Launches 11MW Offshore Wind Turbine

IEA Bumps Up 2020 Oil Demand Forecast

IEA Bumps Up 2020 Oil Demand Forecast

GTT to Design Tanks for COSCO LNG Tanker Trio

GTT to Design Tanks for COSCO LNG Tanker Trio

Australian Offshore Safety Regulator to Resume Physical Inspections

Australian Offshore Safety Regulator to Resume Physical Inspections

Ocean Tankers' Supervisor to Start Restructuring Talks with Owners

Ocean Tankers' Supervisor to Start Restructuring Talks with Owners

Eni Hires Polarcus for Asia Pacific Survey

Eni Hires Polarcus for Asia Pacific Survey

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