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AOG Daily: 2018 / October

EEW OSB, a Teesside facility that manufactures transition pieces (TPs) used in offshore wind farms, is entering the international market thanks to multiple contracts with…
The Norwegian Petroleum Directorate (NPD) and Russian petroleum authorities (Federal Subsoil Resources Management Agency, Rosnedra) have entered into an agreement to exchange seismic data from…
The construction of the first onshore power supply plant for commer-cial vessels at the Norwegenkai Terminal in the port of Kiel has begun. Shore Power…
Crude stockpiles rising at U.S. futures delivery point; Saudi Arabia says oil market could shift to oversupply in Q4. File Image / Adobestock / ©…
Thursday, 25 October 2018 07:20

Maritime Rule Change Stirs Fears of Diesel Shortage: Kemp Featured

The International Maritime Organization (IMO) has so far resisted pressure to soften or postpone the implementation of new regulations requiring ships to use bunker fuels…
ConocoPhillips beat analysts' estimates for profit in the third quarter, as the world's largest independent oil and gas producer benefited from higher oil prices and…
OPEC signaled on Thursday it may have to return to oil production cuts as global inventories rise, in a statement that may further sour relations…
Norway's Aasta Hansteen gas field will start production from Nov. 4 and will feed the system with 12 million cubic metres (mcm) of gas per…
Thursday, 25 October 2018 04:36

Conoco Gets $345 mln from Venezuela's PDVSA

U.S. oil producer ConocoPhillips on Thursday said it received $345 million in cash and commodities last quarter from Venezuelan state oil firm PDVSA under a…
Wednesday, 24 October 2018 19:40

Shell Adds New FPSO in Brazil

New, deep-water production is underway today at the Lula Extreme South in the Brazilian Santos Basin.  Royal Dutch Shell plc, through its subsidiary Shell Brasil…
Asia-Pacific's offshore wind capacity will rise 20-fold to 43 GW in 2027, said new research from global natural resources consultancy Wood Mackenzie. Future offshore wind…
Russia's energy major Rosneft and US ExxonMobil plan to build a liquefied natural gas (LNG) plant in a consortium with Indian and Japanese partners, spreading…
Construction of Germany's 385 MW Arkona offshore wind farm in the Baltic Sea has been completed at a new record speed: The workers needed less…
Wednesday, 24 October 2018 19:34

Jacobs Sells ECR Division to WorleyParsons

Australia's WorleyParsons has entered into a binding agreement to acquire US contractor Jacobs Engineering's  Energy, Chemicals & Resources (ECR) division, a leading global technical services…
Wednesday, 24 October 2018 19:33

BiSN Deploys Largest-ever Bismuth Plug

BiSN, the provider of metal-to-metal downhole sealing solutions, has achieved a world first in conjunction with AkerBP and Altus Intervention, through the successful deployment of…
Wednesday, 24 October 2018 19:29

Shell Joins the Global Wind Energy Council

British-Dutch oil and gas company Shell has joined the Global Wind Energy Council as a board level member as part of its 'new energies strategy'…
The oil and gas demand will peak in 2023 and 2034, respectively, according to DNV GL’s 2018 Energy Transition Outlook, an independent forecast of the…
State-controlled oil company Petroleo Brasileiro said on Wednesday it had started production on its eighth platform in the offshore Lula field, Brazil's most productive, as…
The U.S. Department of the Interior on Wednesday gave conditional approval to privately-held Hilcorp's long-awaited oil and gas production facility in federal waters off Alaska.Hilcorp…
Wednesday, 24 October 2018 07:49

Oil Rises as Fuel Drawdown Sparks Rebound

Saudi assurance on oil supplies, economic worries weigh as two China state refiners to skip Iran oil bookings for November.  File Image / Adobestock ©…
Russian Energy Minister Alexander Novak said on Wednesday he was not aware of any decision by Italy's ENI to suspend its involvement in any Rosneft…
U.S. crude stocks rose last week as refineries cut output, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday. © Tomasz…
The Russian government may introduce licenses for fuel exports to tackle possible shortages on the domestic market and cool down prices, a source familiar with…
Canadian energy company Enbridge Inc on Wednesday sought permission from U.S. energy regulators to put the remaining part of its Texas Eastern Appalachian Lease (TEAL)…
Oil rose towards $77 a barrel on Wednesday after hitting a two-month low as the focus returned to looming U.S. sanctions on oil exporter Iran,…
Tuesday, 23 October 2018 19:33

Peel Ports Signs 12-year Deal with Asco

Peel Ports and offshore services firm ASCO have joined forces in a long-term strategic partnership aimed at supporting the energy sector in Great Yarmouth and…
Blackstone Energy Partners announced today that it has entered into binding agreements to acquire a controlling, majority interest in Ulterra Drilling Technologies from affiliates of…
The evolution of the global natural gas market, which has been driven by the growth in liquefied natural gas (LNG) demand, continues to change the…
Apex International Energy announced that affiliates of Blue Water Energy (BWE) have agreed to partner with Apex and join the existing investors: Warburg Pincus LLC,…
Petrofac, the international oil and gas services provider, leading a consortium with Saipem  and Samsung Engineering, has received an award notification for Thai Oil Public…