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Japanese Firms Sign Deals to Buy from LNG Canada

Oct 10, 2018

Two Japanese companies have signed agreements to buy liquefied natural gas (LNG) cargoes from the LNG Canada project, Reuters reported.Toho Gas Co signed a basic agreement with a wholly-owned subsidiary of Mitsubishi Corp to buy up to four cargoes or about 0…

Chevron Eyes Houston Ship Channel for 2nd US Gulf Refinery

Oct 09, 2018

Chevron Corp wants to build or buy a refinery along the U.S. Gulf Coast to process crude oil from its rapidly growing Permian Basin operations, a senior executive said on Tuesday.The company would like to have refining operations on the Houston Ship Channel…

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…

US Actively Considering Waivers on Iran Oil Sanctions

Oct 05, 2018

The United States is 'in the midst of an internal process' of considering sanctions waivers for countries that are reducing their imports of Iranian oil, a U.S. government official said on Friday.The Trump administration, which withdrew from a deal over Tehran's nuclear program in May…

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…

US Crude Oil Shipments to China Halt Amid Trade War

Oct 03, 2018

U.S. crude oil shipments to China have 'totally stopped', the President of China Merchants Energy Shipping Co (CMES) said on Wednesday, as the trade war between the world's two biggest economies takes its toll on what was a fast growing businesses…

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…

Novatek to Open Third Line of Yamal Project in December

Oct 02, 2018

Russian natural gas producer Novatek plans to open the third line of its Yamal liquefied natural gas project in December, ahead of schedule, Chief Executive Leonid Mikhelson said on Tuesday.Novatek's Yamal terminal has been ramping up LNG shipments…

Iran to Build Crude Oil Storage Facility at Gulf of Oman Port

Oct 01, 2018

A unit of the National Iranian Oil Co. (NIOC) signed a deal with a local firm on Sunday to build a crude oil storage facility near Iran's southeastern port of Jask with an initial investment of 200 million euros ($232 million), the oil ministry news website SHANA reported…

Sinopec Adds LNG Tank at Tianjin Terminal

Sep 25, 2018

China's Sinopec Corp completed adding a third tank to store liquefied natural gas at its receiving terminal in Tianjin, marking the completion of construction of the first phase of the import facility, the state oil and gas group said on Tuesday…

Russia's Novatek Ships First LNG Cargo to Brazil

Sep 24, 2018

Russian natural gas producer Novatek has shipped its first LNG cargo to the Brazilian market with LNG produced from the Yamal LNG project.A statement from PAO Novatek said that its wholly owned subsidiary, Novatek Gas and Power Asia Pte. Ltd…

LNG Shipping Rates Spike with No Respite Seen Through 2019

Sep 24, 2018

The price of shipping liquefied natural gas (LNG) has spiked in September and is likely to remain high next year, buoyed by rising production from new plants and concerns that demand for LNG vessels will outpace supply.The rate for vessels shipping…

Oil Could Rise to $100 by 2019

Sep 24, 2018

Oil prices could rise towards $100 per barrel towards the end of the year or by early 2019 as sanctions against Iran bite, commodity merchants Trafigura and Mercuria said on Monday at the Asia Pacific Petroleum Conference (APPEC) in Singapore…

Iraq's Southern Oil Exports Close to 3.6 Mln Bpd

Sep 24, 2018

Iraq, the second-largest OPEC producer, is exporting close to 3.6 million barrels per day (bpd) of crude from its southern oilfields, as OPEC and others ramp up output to replace supply shortfalls from Iran and Venezuela, an Iraqi oil official said…

Current News

After Sakhalin-2 Russia to Take Sakhalin-1 Project Under Its Control

After Sakhalin-2 Russia to Take Sakhalin-1 Project Under Its Control

Hellenic Cables to Deliver Inter-array Cables for Hai Long 2 & 3 Offshore Wind Farms in Taiwan

Hellenic Cables to Deliver Inter-array Cables for Hai Long 2 & 3 Offshore Wind Farms in Taiwan

'Energy Major' Buys 1,2 GW Floating Wind Farm Project from Hexicon Korea

'Energy Major' Buys 1,2 GW Floating Wind Farm Project from Hexicon Korea

Perdana to Provide AHTS Services to Petronas Carigali

Perdana to Provide AHTS Services to Petronas Carigali

OPEC's Secretary-General Barkindo Dies, Nigerian Oil Official Says

OPEC's Secretary-General Barkindo Dies, Nigerian Oil Official Says

Shell Joins Qatar's LNG Expansion Mega-Project

Shell Joins Qatar's LNG Expansion Mega-Project

Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted

Russia's Medvedev Says Oil Could Hit Up to $400 a Barrel if Japanese Proposal Adopted
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