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AOG Daily: 2018 / November

Netherlands-based supplier of sustainable low carbon marine fuels GoodFuels Marine in conjunction with bulker and tanker owner and operator NORDEN A/S,  has successfully completed trials…
Friday, 30 November 2018 16:38

ASEAN Adopts Oil Spill Contingency Plan

International Maritime Organization (IMO) technical assistance and institutional support has been instrumental in the recent adoption of the Association of Southeast Asian Nations (ASEAN) Regional…
Russia's energy minister Alexander Novak will meet his Saudi counterpart at the G20 summit in Argentina and discuss an oil output reduction in 2019, RIA…
Germany intends to increase energy production from wind and solar farms by a further 8 gigawatts (GW) over the next three years as the government…
OPEC oil supply has fallen in November from a two-year high due to U.S. sanctions on Iran, a Reuters survey found, although most of the…
Oil prices fell further on Friday as swelling inventories depressed sentiment despite widespread expectations that OPEC and Russia would agree some form of production cut…
Brazil's state-controlled oil company Petroleo Brasileiro SA is considering divesting up to $15 billion within the next few years, one person with knowledge of the…
Poland's gas grid operator Gaz-System and its Danish counterpart have given the final go-ahead to invest in building a gas pipeline linking Poland with Norway's…
Thursday, 29 November 2018 17:43

IOG Delays North Sea Project Financing

UK based oil and gas development & production company Independent Oil and Gas Plc (IOG)cautioned that current oil price volatility and capital market conditions aren’t…
Thursday, 29 November 2018 17:41

KNOT Offshore CEO/CFO John Costain Steps Down

UK-based KNOT Offshore Partners has announced that John Costain has decided to step down as CEO and CFO of the partnership. Image: KNOT Offshore Partners…
Thursday, 29 November 2018 17:37

Petronas, Vitol Asia Pact for LNG Supply Deal

Malaysian oil and gas company Petroliam Nasional Berhad (Petronas) through its subsidiary, Petronas LNG Ltd (PLL) and Vitol Asia Pte Ltd (Vitol) announced the signing…
Maersk Rosyth, the Handysize vessel, has been on time charter with an ExxonMobil marine affiliate for 15 years and has recently completed her 1,000th voyage,…
Thursday, 29 November 2018 17:34

Global LNG Trade Jumps by 7.1%, Says Höegh LNG Featured

The global floating liquefied natural gas (LNG) trade reached 236 million tonnes in the first nine months of 2018, up by 7.1% from the same…
Thursday, 29 November 2018 14:42

IMO Encourages Investments in Alternative Fuels

Technological innovation and the global introduction of alternative fuels and/or energy sources for international shipping will be integral to achieving the overall ambition in the…
Thursday, 29 November 2018 07:46

Lukoil Sees Production Up 3.5% in 2018

Russian oil producer Lukoil said on Thursday that it was expecting its hydrocarbon production to increase by 3.5 percent this year. (Photo: Lukoil) The company…
Saudi oil minister Khalid Al-Falih met with Argentina's energy minister Javier Iguacel on Thursday, Al-Falih said on his twitter account.Al-Falih said they discussed cooperation and…
Thursday, 29 November 2018 06:49

Oil Rises After Russia Leans Towards Output Cut

Oil reversed course and rose as much as 3 percent on Thursday, after industry sources said Russia had accepted the need to cut production, together…
Energy Transfer LP representatives are heading to Pennsylvania's capital on Thursday for a hearing before utility regulators to defend the company's plan to put the…
U.S. crude oil and natural gas proved reserves rose to record highs in 2017, driven by stronger energy prices and the continuing development of shale…
Saudi Arabia’s energy minister, Khalid al-Falih, must play a bad hand of cards as well as he can at next week’s meeting of OPEC and…
Thursday, 29 November 2018 01:42

Crude Inventory Growth Sends Brent Below $60 Featured

The latest weekly survey results by the U.S. Energy Information Administration (EIA) indicate a 10th straight week of crude inventory build in the U.S. –…
Wednesday, 28 November 2018 17:50

MHI Vestas Hires US Offshore Vet

MHI Vestas Offshore Wind (MVOW), a joint venture of Mitsubishi Heavy Industries and Vestas Wind Systems, has announced the appointment of Jason Folsom, the US…
The largest driller in Canada Precision Drilling Corp said it is entitled to a $20-million break fee after Ensign Energy Services Inc. announced that it…
Wednesday, 28 November 2018 17:47

Simmons Edeco Wins Tonalli Energía Contract

The supplier of onshore drilling and workovers, wellhead maintenance services Simmons Edeco  has been awarded a contract by Tonalli Energia SAPI de CV to provide…
Wednesday, 28 November 2018 17:46

Perenco Acquires Polo Nordeste Fields

Petrobras says it reached a USD370mln deal with Perenco to sell its operations in the Polo Nordeste and granted oil 3R Petroleum a 40-year concession…
Australia's Gladstone Ports Corporation (GPC) is continuing to progress its renewable energy initiatives, with a tidal turbine deployed at its Barney Point Terminal in Gladstone.…
Wednesday, 28 November 2018 17:43

NYK to Demonstrate Tidal Energy in Singapore

Nippon Yusen Kabushiki Kaisha (NYK) and Japanese telecom giant MTI have reached an agreement to participate in a long-term demonstration of tidal energy being sponsored…
Wednesday, 28 November 2018 11:24

BP and Equinor Spending Steady

The spending plans of oil majors BP and Equinor are unaffected by the more than 25 percent drop in oil prices since early October, their…
Wednesday, 28 November 2018 11:19

Vandals Cause Oil Spill in Peruvian Amazon

Peru state oil company Petroperu said approximately 8,000 barrels of crude oil had spilled in the Amazon after vandals severed the pipeline and then impeded…
U.S. crude oil stockpiles rose for a 10th week in a row last week even as refineries boosted output and exports increased, the Energy Information…
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