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Oil Holds Near Four-Year Highs

Oct 04, 2018

Oil held just below four-year highs on Thursday, supported by the imminent loss of Iranian supply through U.S. sanctions, but also tempered by the prospect of a rapid production increase from Saudi Arabia and Russia.Brent crude oil futures were down 33 cents at $85…

Gazprom in Talks with China on Extra Gas Supplies

Oct 04, 2018

Russia's Gazprom is in talks with China about additional gas supplies via the Power of Siberia pipeline, Interfax news agency cited Gazprom's CEO Alexei Miller as saying on Thursday.Interfax cited him as saying that the existing contract was…

Aker Solutions to Provide Brownfield Services for BP in Angola

Oct 04, 2018

Aker Solutions has been awarded a five-year agreement to supply brownfield modifications, maintenance and operations support for BP's Greater Plutonio and PSVM fields offshore Angola.The work scope covers the supply of engineering, procurement…

IEA boss urges oil producers to ease supply concerns

Oct 04, 2018

Major oil producers must take 'the right steps' to ease supply concerns that have lifted crude prices to a four year-high, the head of the International Energy Agency told Reuters on Thursday.'It is now high time for all the players, especially those key producers and oil exporters…

Novatek, Siemens Sign LNG Partnership

Oct 03, 2018

Russia's natural gas producer Novatek and German engineering giant Siemens have signed a strategic partnership agreement that covers cooperation in the liquefied natural gas (LNG) sector.Novatek said in a press release that the agreement was…

Anthony Veder, Bunker Connect Pact for ARA Ports

Oct 03, 2018

Anthony Veder and Bunker Connect have signed a bunker procurement and management contract for the Amsterdam-Rotterdam-Antwerp (ARA) set of ports.Upon successful implementation in the ARA area, Anthony Veder and Bunker Connect will look at further expanding their cooperation…

Singapore Funds Green Marine Fuel Program

Oct 03, 2018

Maritime and Port Authority of Singapore (MPA) has allocated about USD 3.64 million under the Green Energy Programme to support the development and use of cleaner alternative marine fuels such as biofuels and methanol. Senior Minister of State…

Oil Gains, Shrugging Off Bearish U.S. Crude Build

Oct 03, 2018

Oil rose on Wednesday, touching a fresh four-year high as the market focused on upcoming U.S. sanctions on Iran and shrugged off a surprisingly big build in U.S. crude stockpiles and reports of higher Saudi Arabian and Russian production.'Nothing matters between here and Nov…

Noble Energy Cashes Out of Tamar Petroleum After Egypt Gas Deal

Oct 03, 2018

Texas-based Noble Energy sold its 43.5 percent stake in Israel's Tamar Petroleum after announcing last week that it would help finance a gas export deal with Egypt, the Israeli business daily The Marker reported on Wednesday.Noble's sale of 40 million Tamar shares…

Build It and They Will Buy: The New World of LNG Canada

Oct 03, 2018

The first major liquefied natural gas (LNG) project to be approved globally in five years will be built in Canada, but its underlying philosophy appears to be more closely allied to the Australian concept of 'she'll be right, mate.'The LNG Canada…

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…

Putin Says US LNG Uncompetitive in Europe

Oct 03, 2018

Russia's President Vladimir Putin said on Wednesday that liquefied natural gas (LNG) from the United States was uncompetitive in Europe.Putin said at the Russian Energy Week in Moscow that U.S. LNG was 30 percent more expensive compared to Russian…

Unease Over IMO 2020 Low-Sulphur Rule: Drewry Survey

Oct 02, 2018

There is considerable unease among global shippers/BCOs (Beneficial Cargo Owners) and freight forwarders ahead of the IMO’s 2020 global emissions regulations, due to come into force on 1 January 2020, according to a survey conducted by global shipping consultancy Drewry…

Shell's LNG Canada Seen as Tip of Megaproject Iceberg

Oct 02, 2018

The launch of a massive liquefied natural gas (LNG) export project in Canada has finally fired the starting gun on a wave of plan approvals around the world, needed to avoid a supply crunch after 2020.Royal Dutch Shell said it would export LNG…

Bangladesh to Hold Talks with ENOC for LPG Terminal

Oct 02, 2018

Bangladesh will hold talks with Dubai-based Emirates National Oil Company (ENOC) to set up an liquefied petroleum gas (LPG) terminal in the country, a Dhaka-based official said on Tuesday.'ENOC has sent us a proposal for a joint venture project to build an LPG terminal…

Current News

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

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

Japan's LNG Investments Drive Faces Risk of Souring

Japan's LNG Investments Drive Faces Risk of Souring

Spring Oil Flood Causes Summer Queues in Chinese Ports

Spring Oil Flood Causes Summer Queues in Chinese Ports

MAN Compressors for Yinson's Brazil-bound FPSO

MAN Compressors for Yinson's Brazil-bound FPSO

Huisman to Deliver Cranes for First Taiwan-built Offshore Installation Vessel

Huisman to Deliver Cranes for First Taiwan-built Offshore Installation Vessel

Asia Pacific Drilling Technology Event Delayed for 2021

Asia Pacific Drilling Technology Event Delayed for 2021

Australia: Chevron Completes Puma Energy Acquisition

Australia: Chevron Completes Puma Energy Acquisition

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