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AOG Daily: 2018 / August

(Photo: Petronas) Malaysia has appointed Ahmad Nizam Salleh as the new chairman of state-owned oil company Petroliam Nasional Bhd effective immediately, according to a statement…
Thursday, 02 August 2018 03:59

Oil Fall Again, Rising Supplies Weighs

File Image: Adobestock / © Shamtor Trade tensions cap gains as U.S. inventories jump, confounding expectations.Oil prices fell for a third day on Thursday, following…
Photo: DNV GL Project partners Eidesvik Offshore, Wärtsilä Norway and DNV GL have announced the closure of the FellowSHIP research project. The cooperation has explored…
Monday, 06 August 2018 06:16

Kosmos Energy Acquired DGE for $1.23 Bln

(File photo courtesy of Deep Gulf Energy) Kosmos Energy has agreed to acquire Deep Gulf Energy (DGE) from its private equity owner for $1.23 billion,…
Tuesday, 07 August 2018 06:06

Oil Market Enters Post-OPEC Era: Kemp

© zhengzaishanchu / Adobe Stock Saudi Arabia and Russia started to raise their oil production several weeks before the formal decision to increase output was…
© Lukasz Z / Adobe Stock The North Sea physical oil market is letting off a distress signal - crude is once again being stored…
Thursday, 09 August 2018 06:14

Jack-up Completes Major Crane Refit

Brave Tern (Photo: Damen Shiprepair) Brave Tern, the 132-meter jack-up operated by Fred. Olsen Windcarrier AS, has completed a major crane refit at Damen Shiprepair…
Image: Sovcomflot Group The liquefied natural gas (LNG) carrier Pskov completed loading at the Port of Sabetta (YNAD), with the first cargo of LNG produced…
Monday, 13 August 2018 09:55

Bay State Wind Revises Turbine Layout

(Image: Bay State Wind) Bay State Wind, an offshore wind joint venture between developer Ørsted and New England electric transmission company Eversource, announced a significant…
© Valeriy Lukyanov / Adobe Stock A weaker global economic growth outlook and a report of rising U.S. crude inventories weighed on oil prices on…
File Image: Credit QGTC Axpo, a Swiss utility and energy trader, said on Thursday it was in talks for a 10-year supply deal with a…
Photo: Summit Corporation Limited Japan’s Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be…
U.S. oil producer ConocoPhillips said on Monday it has settled with Venezuela's state-run oil company, PDVSA, to recover about $2 billion in arbitration payment.The International…
© Snap Happy / Adobe Stock The Trump administration on Tuesday proposed replacing the Clean Power Plan, the centerpiece of former President Barack Obama's regulatory…
A fire which broke out at a Shell-owned chemical plant on the same site as Essar Oil UK's Stanlow refinery in northwestern England on Wednesday…
Photo: Siccar Point Energy Siccar Point Energy has successfully concluded well testing operations on the 204/10a-5 appraisal well in the Cambo field, north-west of Shetland.A…
Monday, 27 August 2018 05:06

M2 Subsea Completes North Sea Project

Photo: M2 Subsea ROV services provider M2 Subsea has completed a contract with Ithaca Energy UK Limited to conduct a subsea system survey of a…
Photo: Harald Pettersen / Equinor Oil producer Equinor aims to boost the recovery rate from its Norwegian fields to well above the global average to…
Wednesday, 29 August 2018 16:26

Galloper Contract Goes to Granada

Image: Granada Material Handling Ltd Galloper Wind Farm Limited Ltd has awarded a contract to Granada Material Handling Ltd for service and maintenance of all…
File Image: CREDIT AdobeStock / © Kasto An overhang of homeless crude in the Atlantic Basin has halved in recent weeks, suggesting oil traders are…
Thursday, 02 August 2018 03:44

Bad Weather Stalls Bangladesh FSRU Hook Up

Excelerate CFO Nick Bedford and representatives from IFC, the Bangladeshi government, Petrobangla, and project lenders at the signing ceremony in Dhaka in the summer of…
Photo: Shell Production of natural gas from two deepwater wells at Shell's West Nile Delta field 9B in Egypt will begin in the first half…
Exxon Mobil's Papua New Guinea liquefied natural gas (LNG) export plant has offered a cargo for delivery in September, two industry sources said on Tuesday.…
Photo: Rosneft Russia's Rosneft more than triples Q2 net profit, shares hit recordRussia's largest oil producer Rosneft said on Tuesday its second-quarter net profit more…
© zhengzaishanchu / Adobe Stock Oil prices fell on Wednesday after Chinese import data showed a slowdown in demand and as a trade dispute between…
India launched its second auction of small discovered oil and gas blocks on Thursday, as the south Asian nation looks to quickly monetise its hydrocarbon…
China's decision to remove crude oil from its latest tariff list in an escalating trade war with the United States was a relief to state…
© WestPic / Adobe Stock Russia largely failed in its bid to overturn the European Union's gas market rules in a World Trade Organization ruling…
Oil prices edged lower on Monday as troubled emerging markets and trade tensions dented the outlook for fuel demand, though U.S. sanctions against Iran could…
Photo: Equinor Work to restart Norway's Mongstad oil refinery will continue throughout the evening on Wednesday, following a power outage that shut the facility earlier…
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