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Commonwealth LNG sees Euro Demand for LA Gas Terminal

Feb 20, 2019

Commonwealth LNG has received commitments from European buyers to take almost half of the liquefied natural gas (LNG) from its planned 8.4-million-tonnes-per-year export terminal in Louisiana, Chief Executive Officer Paul Varello said on Wednesday…

As Traders Tussle Turkmenistan Cuts Exports

Feb 19, 2019

A clash between trading house Vitol and Azerbaijan's SOCAR over Caspian Sea oil shipments is forcing Turkmenistan to slash exports of crude due to a lack of tankers.Turkmenistan typically exports about 200,000 tonnes of oil per month via the Caspian to world markets…

Epic Gas Bullish on LPG Carriers Market

Feb 17, 2019

Global seaborne liquefied petroleum gas (LPG) volume is expected to grow by over 6% in 2019 and surpass 100 million tonnes for the first time.Singapore based provider of pressurised LPG vessels, Epic Gas said that it is well positioned to benefit…

INPEX Selects NAPA for LNG Carrier Fleet

Feb 12, 2019

Japan's largest oil and gas exploration and production company INPEX Corporation has installed ClassNK-NAPA GREEN for monitoring operations on three of its liquefied natural gas (LNG) carriers.NAPA said that Inpex awarded a deal to the company…

Oil Slips Below $62 as U.S. Inventories Rise

Feb 06, 2019

API reports increase in U.S. crude stocks; Venezuela sanctions yet to spark rally but still supportive.Oil fell below $62 a barrel on Wednesday after a report showed a rise in U.S. crude inventories, countering expectations of a tightening market in 2019 because of OPEC-led supply cuts and U…

Tankers with Venezuelan Oil Collect off US

Feb 04, 2019

A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela and others whose buyers are weighing who to pay, according to traders…

Anadarko Sells LNG to CNOOC

Feb 03, 2019

U.S. oil giant Anadarko Petroleum said it has signed a deal with one of China’s biggest importers to supply 1.5 million tonnes of liquefied natural gas (LNG) a year from Mozambique for a period of 13 years.The contract, signed by Anadarko and…

Qatar Mulls Buying 60 New LNG Carriers

Jan 28, 2019

Qatar’s energy minister Saad Sherida Al-Kaabi, who also serves as deputy chairman of Qatar Petroleum (QP), outlined plans to order 60 new liquefied natural gas (LNG) carriers.Reuters, quoting a statement issued by South Korea’s presidential office…

PGNiG LNG Loads 4000th Tank Truck at Swionujscie Terminal

Jan 25, 2019

Polish state-controlled oil and gas company Polskie Górnictwo Naftowe i Gazownictwo SA   (PGNiG) has released a statement claiming that the 4000th tank truck loaded with LNG has successfully left the Swionujscie terminal.'Last year 1,794 LNG tank trucks filled with LNG left the Świnoujście terminal…

CNOOC Storing LNG Offshore

Jan 16, 2019

China's state-owned CNOOC is temporarily storing liquefied natural gas (LNG) in a tanker off South Korea as a warmer than usual winter cuts expected spot demand for the fuel, industry sources said on Wednesday.China faced a severe winter gas…

Melkoeya LNG Plant Restarts Operations

Jan 14, 2019

Norwegian oil and gas firm Equinor has restarted operations at its Melkoeya LNG plant after an outage ten days ago, the company said on Monday.The plant, which liquefies natural gas from the Arctic Snoehvit gas field for transportation by tankers…

US Oil Export Boom Sparks Battle to Build Texas Ports

Jan 10, 2019

Booming U.S. oil exports have set off a scramble to build Gulf Coast ports to handle more than 3 million barrels per day in new supplies expected over the next five years.Of seven proposed oil-export projects, nowhere is the opportunity greater or the competition more fierce than in Corpus Christi…

Challenge Peak Ships 1st Plant Condensate from Ichthys LNG Project

Jan 02, 2019

The oil products tanker operated by Singapore-based NYK Bulkship (Asia) Challenge Peak  has shipped the first batch of plant condensate produced at the onshore gas liquefaction plant of the INPEX-operated Ichthys LNG Project.According to a press…

Great Ships 2018: BP's British Partner

Dec 27, 2018

BP Shipping took delivery of British Partner, the first of a half dozen new 173,400 cu. m. capacity liquefied natural gas (LNG) carriers to be delivered through 2018 and 2019 from the DSME shipyard in South Korea.  BP Shipping, which launched…

Cheniere, Malaysia's Petronas Sign 20-Year LNG Pact

Dec 19, 2018

Houston-based Cheniere Energy Partners has signed a 20-year liquefied natural gas (LNG) supply deal with a subsidiary of Petronas, Malaysia's state-owned oil and natural gas company.Per long-term pact, Petronas agreed to buy about 1.1 million tons a year from the Sabine Pass facility…

Current News

Japan's JERA to Buy Belgium's Top Offshore Wind Firm for $1.7B

Japan's JERA to Buy Belgium's Top Offshore Wind Firm for $1.7B

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Valeura Energy Completes Modification of MT Jaka Tarub Vessel for Wassana Offshore Oil Field

NYK's First Domestic CTV Named "Rera As"

NYK's First Domestic CTV Named "Rera As"

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Chevron Suspends Production at Thai Oil Field after Fatal Accident

Malaysia: Petra Energy Wins Work for Accommodation Workboat

Malaysia: Petra Energy Wins Work for Accommodation Workboat

Australia: ConocoPhillips Becomes Operator of VIC/P79 Offshore Block. Drilling to Start in 2024/2025

Australia: ConocoPhillips Becomes Operator of VIC/P79 Offshore Block. Drilling to Start in 2024/2025

Thailand Rushes to Avert Spill After Fatal Accident on Oil Storage Ship

Thailand Rushes to Avert Spill After Fatal Accident on Oil Storage Ship
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