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Arkas Bunkering, Sumitomo Corporation in LNG Bunkering Deal

Oct 21, 2018

Arkas Bunkering have signed a protocol with Japan-based Sumitomo Corporation for the use of liquefied natural gas (LNG) as bunker fuel in Turkish and nearby seas. As environmentally-friendly buildings, vessels and fuels have become more popular than ever…

BP Starts-up Thunder Horse Expansion in Deep-Water Gulf Field

Oct 19, 2018

Energy giant BP said that it has started up the Thunder Horse Northwest Expansion project in the deepwater Gulf of Mexico, four months ahead of schedule and 15 percent under budget.This is the fourth Upstream major project to begin production for BP globally so far this year…

After Denmark, Noreco Eyes UK Acquisitions

Oct 18, 2018

Norwegian Energy Company (Noreco) plans to acquire offshore assets on Britain's continental shelf in 2019, following its purchase of Shell's upstream oil and gas licenses in Denmark, its chairman told Reuters on Thursday.The Oslo-listed company on Wednesday announced a $1…

Integrated Gas Compression: A Natural Fit for North America

Oct 17, 2018

Natural gas abounds in North America. At the end of 2016, Canada and the U.S. shared 414 trillion cubic feet of proved reserves, with the U.S. the world’s largest producer and Canada the fourth largest. Unsurprisingly, there’s a keen appetite for developing LNG facilities across the continent…

Poland's PGNiG Finalizes LNG Deal with U.S.' Venture Global

Oct 17, 2018

Poland's dominant gas firm PGNiG has finalised the terms of a deal to buy liquefied natural gas (LNG) from U.S. company Venture Global LNG, part of a move to cut reliance on Russian supply, the company said on Wednesday.PGNiG struck an agreement…

Lukoil Groundbreaking Ceremony at Rakushechnoye Field

Oct 17, 2018

Russia's Lukoil informed its President Vagit Alekperov, jointly with Head of the Astrakhan Region Sergey Morozov, took part in the official groundbreaking ceremony to mark the start of construction of infrastructure facilities of Rakushechnoye field…

Gulf Marine Services Bags New Contract

Oct 17, 2018

UAE-based Gulf Marine Services (GMS), a provider of self-propelled self-elevating support vessels (SESVs) serving the offshore oil, gas and renewable energy sectors, said it secured a new contract for one of its Small Class vessels.The new charter…

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…

Chevron becomes first oil major to exit Norway

Oct 10, 2018

U.S. oil firm Chevron will become the first oil major to formally exit the Norwegian continental shelf (NCS) as it transfers its last stake in an exploration license, according to a government letter.Oil majors, including Exxon Mobil, BP and Shell…

Norway to Spend More Looking for O&G Near Russian Border

Oct 08, 2018

Norway plans to step up spending on looking for oil and gas in the northern Barents Sea close to its border with Russia, the country's 2019 budget showed on Monday.The government has proposed to allocate an extra 50 million Norwegian crowns ($6…

Orsted Expands US Business with $510 Mln Acquisition

Oct 08, 2018

Orsted, the world's largest offshore wind developer, said on Monday it would buy U.S.-based Deepwater Wind LLC for $510 million as part of its strategy to expand in a major growth market.The still small U.S. offshore wind sector is seen as one…

CNOOC to Expand Jiangsu Binhai LNG Project

Oct 08, 2018

China's CNOOC plans to expand its LNG project in eastern Jiangsu province to meet rising demand from more regions, state-media China News reported citing a project manager from CNOOC.CNOOC will lift the storage tank facility of each of the four…

Baker Hughes Acquires 5% of ADNOC Drilling for $550 Mln

Oct 08, 2018

Baker Hughes, the world's second-largest oil services company, will take a 5 percent stake in Abu Dhabi National Oil Company's (ADNOC) drilling unit for $550 million under a tie-up announced on Monday.Baker Hughes (BHGE) becomes the first foreign…

Japan Transfers Excess Renewable Power Between Regions for First Time

Oct 03, 2018

Japan transferred excess renewable energy supplies between two of its electricity regions for the first time since a major shakeup of its power sector, the country's grid monitor told Reuters.The transfer of excess solar power supplies from…

Renewable Energy Conference to Advance Low-Carbon Development in Egypt

Oct 02, 2018

Release of IRENA’s ‘Egypt Renewable Energy Outlook’ will be key focus of co-organized three-day conference in Cairo next monthEgypt’s Ministry of Electricity and Renewable Energy and the New and Renewable Energy Authority (NREA) together with…

Current News

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Petrofac Nets $135M Contract with Kazakhstan's NCOC

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China: BP, ENN Sign 300,000t a Year Gas Supply Deal

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Oceaneering Lands W. Australia Order

Japan to Develop Offshore Wind Farms at 30 Sites in 10 years

Japan to Develop Offshore Wind Farms at 30 Sites in 10 years

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Over 40 Offshore Rig Deals Dropped Since March. Still, There's Room for Optimism

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Indonesia Produced 104.8 LNG Cargoes in Jan-June Period

Rystad: FPSO Contract Awards to Rebound in 2021 after Poor 2020

Rystad: FPSO Contract Awards to Rebound in 2021 after Poor 2020

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