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AOG Daily: 2018 / October

The European ARBAHEAT consortium will start a research project to investigate the conversion of the ENGIE Ultra-SuperCritical coal-fired Rotterdam power plant into a biomass-fired heat…
PAO Sovcomflot (SCF Group)'s large-capacity  LNG-fueled Aframax tanker Lomonosov Prospect has successfully completed its first commercial voyage along the Northern Sea Route (NSR) to deliver…
The shipping industry and the European Independent fuel suppliers welcome the European Parliament’s support to incentivize the uptake of low-carbon and carbon-free alternative fuels and…
Wednesday, 31 October 2018 11:28

Ghana FSU/FSRU Finally Under Construction

Ghana's liquefied natural gas (LNG) import project is finally under construction, years after its original inception, with two vessels contracted to store and regasify the…
A decision by Petrobras not to invest in drilling new wells has derailed Chevron Corp's plan to resume exploration in a Brazilian offshore field, people…
Bahrain's state-owned oil company Nogaholding plans to raise $1 billion through a dual-tranche U.S. dollar-denominated bond on Wednesday, a document by one of the banks…
Wednesday, 31 October 2018 07:09

Hess Points to Higher E&P Budget for 2019

U.S. oil and gas producer Hess Corp said on Wednesday its exploration and production budget in 2019 would be closer to $3 billion.The company said…
Canadian oil and gas producer Cenovus Energy Inc expects the spread between Western Canadian Select (WCS) and U.S. benchmark Crude (WTI) to "significantly" ease out…
The European Commission approved on Wednesday new government support terms to the liquefied natural gas (LNG) terminal at the Klaipeda seaport, after the Lithuanian authorities…
U.S. crude stocks rose last week, while gasoline stocks decreased and distillate inventories fell, the Energy Information Administration said on Wednesday. © VanderWolf Images /…
Wednesday, 31 October 2018 06:13

Oil Prices Fall as Global Supply Rises

Oil prices fell for a third day on Wednesday on evidence of rising global supply despite the imposition of U.S. sanctions next week that are…
Wednesday, 31 October 2018 05:54

Oil Refiners Face Rollercoaster Ride as Fuel Margins Seesaw Featured

Oil product margins have been tossed around on a wild rollercoaster ride in October, as factors like impending Iran sanctions, the China-U.S. trade war and…
Wednesday, 31 October 2018 05:40

Israeli 2014 Oil Spill Caused $76 Mln of Damage

A 2014 oil spill by a secretive state-run company that flooded an Israeli nature reserve caused 281 million shekels ($76 million) worth of damage, Israel's…
Chancellor Angela Merkel's CDU and its Social Democrat (SPD) partners have agreed to keep their promise to speed up the expansion of renewable power installations,…
Wednesday, 31 October 2018 05:13

Low Returns Put Lid on New British Gas Storage

Investment in new, large gas storage sites in Britain which can help provide a buffer in times of high demand and reduced supply is seen…
Austrian energy group OMV , one of the companies that is financing the Nord Stream 2 pipeline, is optimistic Denmark will approve the project next…
Wednesday, 31 October 2018 04:53

Hess Corp Posts Quarterly Profit, Beats Estimates Featured

U.S. oil and gas producer Hess Corp posted its first profit in about four years that also easily beat analysts' estimates, as it sold oil…
Wednesday, 31 October 2018 04:39

Equinor Seeks Investments in India

Norwegian energy firm Equinor is exploring investment opportunities in India, its chief executive told Reuters on Wednesday. Eldar Saetre (Photo: Ole Jørgen Bratland / Equinor)…
Wednesday, 31 October 2018 04:10

Kvaerner Wins Sverdrup Jacket Number Four

Norway's Equinor has awarded a NOK 900 million ($107 million) contract to local contractor Kvaerner for delivery of the steel substructure for the Johan Sverdrup…
The developer of tidal energy projects SIMEC Atlantis Energy announced the formation of a joint venture company with Development Agency for Normandy (AD Normandy) for…
Russian oil and gas giant Gazprom is progressing a number of gas pipeline  stretching across the Black Sea projects with three major projects already 95.5…
Skangas entered into an agreement with parts of the Gothia Tanker Alliance to supply liquefied natural gas (LNG) as fuel. Image: Skangas The new agreement…
PAO Novatek announced that cumulative production at the Yarudeyskoye field owned by the Company’s subsidiary Yargeo, reached a milestone of 10 million tons of crude…
 The first liquefied natural gas (LNG) shipment from the giant Ichthys project in Australia arrived at Inpex's Naoetsu LNG receiving terminal in northern Japan on…
Brazilian President-elect Jair Bolsonaro's team approached Roberto Castello Branco, a former board member at state-controlled Petroleo Brasileiro SA (Petrobras), about the possibility of his becoming…
Testing, inspection and certification services provider Bureau Veritas said it has partnered with Offshore Renewable Energy (ORE) Catapult in an effort to jointly develop a…
Tuesday, 30 October 2018 08:53

Bilfinger Secures Johan Sverdrup Contracts

German based Bilfinger said on Tuesday it has received follow-up orders from its contract partner, the Norwegian service company Aibel, that are to tie in…
French energy group Engie said on Tuesday it has received clearance for its grounded 500 MW gigawatt capacity offshore Yeu and Noirmoutier wind projects. ©…
Cheniere Energy will commission the first liquefied natural gas (LNG) cargo from its new Corpus Christi export terminal on Nov. 15, the Texas port's chief…
Brazil's Cosan SA Indústria e Comércio, a leading ethanol producer and fuel distributor, is interested in refining partnerships with oil company Petroleo Brasileiro SA, its…
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