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AOG Daily: 2018 / November

Tuesday, 13 November 2018 03:52

Noble Group Halves Net Loss in Q3

Noble Group Ltd halved its quarterly net loss from continuing operations to $43.3 million and said its soon-to-be-completed $3.5 billion debt restructuring would enable the…
Tuesday, 13 November 2018 03:30

Sture oil export terminal operates as normal

Norway's Sture oil export terminal was operating as normal on Tuesday despite the nearby sinking of a shipwrecked navy vessel, operator Equinor said. The Sture…
Tuesday, 13 November 2018 03:25

Petrobras Resubmits Agreement with CNPC

State-controlled oil company Petroleo Brasileiro SA said in a document resubmitted on Tuesday to Brazil's securities regulator it has signed an agreement with China National…
Tuesday, 13 November 2018 03:24

US warns sanctions still an option against Nord Stream 2 Featured

The United States could yet impose new sanctions to try to block construction of the Russian Nord Stream 2 gas pipeline across the Baltic Sea…
Global consulting firm AlixPartners, in a new paper entitled, “Too many ships, too few rigs: why recovery is still a distant dream for the OSV…
Tuesday, 13 November 2018 03:05

Oil Majors Spending 'Sweet Spot' to Last to 2020 Featured

Big Oil is today in a spending sweet spot as years of cost cuts and rising oil prices converge but investments will need to rise…
Tuesday, 13 November 2018 02:53

GE to Sell Portion of Stake in Baker Hughes Featured

General Electric Co is selling a portion of its stake in oilfield services provider Baker Hughes, the U.S. industrial conglomerate said on Tuesday, its latest…
Tuesday, 13 November 2018 02:47

Cano Limon Pipeline Hit by More Bombings

Colombian state-run oil company Ecopetrol said on Tuesday that three new bombings of the Cano Limon pipeline have caused contamination in several waterways in the…
Monday, 12 November 2018 17:52

Wood Secures Major Contracts in Abu Dhabi

Aberdeen-based energy services firm Wood been awarded three new, call-off contracts totaling $53 million by ADNOC Onshore, a subsidiary of Abu Dhabi National Oil Company…
Monday, 12 November 2018 17:51

Cooper Energy: Sole Pipeline Test Fails

Australia-based Cooper Energy says testing of the newly installed Sole pipeline in the eastern Gippsland basin offshore Victoria, southeast Australia has revealed localized damage. Image:…
Versalis, the Eni chemical company, Petrochem and Mazrui Energy Services have signed an agreement to establish Versalis Petrochem Mazrui (VPM), a joint venture for the…
Monday, 12 November 2018 17:47

Saudi Aramco, ADNOC to Cooperate on LNG

The state-owned energy giants of Saudi Arabia and the United Arab Emirates, Saudi Aramco and Abu Dhabi National Oil Company (ADNOC), signed a cooperation deal…
Monday, 12 November 2018 07:51

Trump Hopes OPEC Won't Cut Production

U.S. President Donald Trump on Monday said he hoped there would be no oil output reductions, after Saudi Arabia said OPEC was considering cutting oil…
Monday, 12 November 2018 05:34

Venezuela Hoping to Raise Oil Output

Venezuela is hoping to steeply raise oil output next year but will respect any new deal if OPEC agrees to reduce output from December, Oil…
Monday, 12 November 2018 05:20

Big Oil Spent 1% on Green Energy in 2018

Top oil and gas companies jointly spent around 1 percent of their 2018 budgets on clean energy, but investments by Europe's giants vastly outpaced their…
Energy firms could save an annual $73 billion within five years in oil and gas exploration and production by making better use of existing computing…
Oil prices rose on Monday after Saudi Arabia said OPEC and its partners believed demand was softening enough to warrant an output cut of 1…
Monday, 12 November 2018 04:34

EnBW Cuts Renewables Outlook

German energy group EnBW on Monday cut the outlook for its renewables division after low wind and water levels hurt the output at its hydroelectric…
Monday, 12 November 2018 04:29

Saudi Aramco CEO says IPO will 'certainly' happen Featured

Saudi Aramco Chief Executive Officer Amin Nasser said the initial public offering of the state-oil producer will "certainly" happen when the conditions are right. Saudi…
Monday, 12 November 2018 04:24

Sinopec to Boost Gas Supply

Chinese state oil major Sinopec said on Monday it will supply 18.17 billion cubic meters (bcm) of natural gas during the heating season that kicks…
Gazprom said a Swiss court has issued an injunction blocking payments from the operators of the Nord Stream gas pipeline as part of a legal…
Monday, 12 November 2018 03:39

China Becomes Top Natural Gas Importer

China has overtaken Japan to become the world's top importer of natural gas, as Beijing's crackdown on pollution boosts its demand for the more environmentally…
Monday, 12 November 2018 03:34

Lukoil: No Need to Cut Output in 2019

Russia's Lukoil sees no need to cut crude output in 2019, CEO Vagit Alekperov said on Monday, as global producers discuss the situation in oil…
Monday, 12 November 2018 03:07

Petrobras Starts Production at P-75 Platform

The P-75 floating production, storage, and offloading unit (FPSO) has begun producing oil and natural gas in the Búzios 2 area of the pre-salt Santos…
Canada's biggest railroad says it is attracting interest from oil producers in its effort to move crude in solid, puck-like form, as clogged pipelines divert…
Oil rose by more than 1 percent on Monday, set for its largest one-day increase in a month after Saudi Arabia said OPEC and its…
Monday, 12 November 2018 02:15

Hedge Funds Enforce Correction to Oil Market's Course Featured

Hedge funds have sold the equivalent of almost half a billion barrels of crude oil and refined products in the last six weeks, as worries…
Africa's second largest crude producer Angola and France's Total officially inaugurated a new deep-sea oil field worth $16 billion in the Atlantic approximately 260 kilometers…
Sunday, 11 November 2018 18:16

Golar FSRU Wins LNG Croatia Project

State-owned LNG Croatia has selected Golar Power, a joint venture between Golar LNG and Stonepeak Infrastructure Partners,  to deliver a floating storage and regasification unit…
Sunday, 11 November 2018 18:15

Engie to Invest in Green Gas in France

Isabelle Kocher, Engie CEO, announced that EUR 800 million would be mobilized in the next five years to develop green gases, a new French sector…