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AOG Daily: 2018 / November

The head of Russian oil giant Rosneft, Igor Sechin, and Saudi Aramco Chief Executive Amin Nasser held talks in Moscow on Friday on areas for…
Some of the biggest pipeline operators in the United States have supercharged earnings this year by buying deeply discounted shale in West Texas oilfields and…
A subsea power line set to link the networks of Denmark and the Netherlands reached the Dutch coast on Friday as part of plans to…
Friday, 09 November 2018 04:22

Oil Falls as U.S. Crude Enters 'Bear Market'

Oil prices fell to multi-month lows on Friday as global supply increased and investors worried about the impact on fuel demand of lower economic growth…
Friday, 09 November 2018 04:10

US Judge Halts Keystone XL Oil Pipeline Featured

A U.S. judge in Montana has halted construction of the Keystone XL pipeline designed to carry heavy crude oil from Canada to the United States,…
Friday, 09 November 2018 02:19

OMV Forms JV with Sapura

Austria's OMV has agreed to establish a joint venture with Malaysia's Sapura Energy Bhd , paying $540 million for a 50 percent stake in its…
Rosenberg WorleyParsons has been awarded an engineering, procurement, construction and installation contract (EPCI) by Lundin Norway ASO in the Norwegian Continental Shelf. Managing Director of…
Ultra Petroleum informed that David Honeyfield has been appointed to serve as CFO of the gas producer with assets in Wyoming’s Green River Basin. Map:…
Thursday, 08 November 2018 18:09

API Enhances Offshore Safety Standard

The American Petroleum Institute (API) released its newest valve standard as part of the industry’s continuous efforts to improve operational safety and environmental protection. Image…
Thursday, 08 November 2018 18:08

Tailwind Completes EOG UK Acquisition

London-based Tailwind Energy  has announced the completion of the acquisition of Houston-headquartered oil and gas firm EOG Resources's UK portfolio.   Image: Tailwind The oil…
Thursday, 08 November 2018 18:07

Ørsted Concludes Deepwater Wind Acquisition

Danish wind energy giant Orsted completed its previously announced takeover of Deepwater Wind from D.E. Shaw group in a deal valued at $510 million. Image:…
Thursday, 08 November 2018 18:05

Eni CEO Claudio Descalzi Meets Angola's president Featured

Eni president Claudio Descalzi has met Angola's president Joao Goncalves Lourenco in Luanda to discuss the Italian energy giant's operations in the country. The President…
Thursday, 08 November 2018 18:04

HydraWell Completes TAQA Decommissioning

The manufacturer of specialty equipment for the oil and gas industry HydraWell has completed an offshore decommissioning project for TAQA in the Netherlands. Image: HydraWell…
Thursday, 08 November 2018 18:02

Novatek Secures South-Leskinskiy License

Russia's largest independent natural gas producer PAO Novatek has secured a new exploration license on the Gydan peninsula. Image: PAO Novatek The seventh largest publicly…
Thursday, 08 November 2018 18:01

UK: Enough Oil and Gas Reserves for the Next 20 Years Featured

The UK has enough oil reserves to sustain production for the next 20 years and beyond, new figures indicate. Image: Equinor A report published by…
The Middle East is the most active export market of LPG exports on very large gas carriers(VLGC), said Norway-based LPG shipping firm Avance Gas. Pic:…
Thursday, 08 November 2018 11:15

UK Petroleum Reserves Could Sustain Production for 20 Years Featured

The U.K.’s oil and gas reserves remain at a level which could sustain production for at least the next 20 years and beyond if additional…
Brazilian oil regulator ANP said on Thursday it has approved a diesel subsidy payment to state-run oil company Petroleo Brasileiro SA of 1.04 billion reais…
Thursday, 08 November 2018 08:31

Uganda Expects First Oil Production in 2021

Uganda expects to start producing oil in 2021, a year later than initially planned, and its refinery should be up and running by 2023, its…
Thursday, 08 November 2018 08:31

Aquaterra Bags More Johan Sverdrup Work

Aquaterra Energy announced Thursday it has been awarded a contract by Equinor to deliver early well construction operations for the next 16 wells of the…
Thursday, 08 November 2018 05:59

Norwegian Oil, Gas Plants Restart after Ship Collision Featured

An oil tanker and a Norwegian navy frigate collided off Norway's west coast on Thursday, injuring eight people and triggering the temporary shutdown of a…
Thursday, 08 November 2018 05:41

Anadarko to Sell Midstream Assets for $4 Bln

Oil and gas producer Anadarko Petroleum Corp said on Thursday it would sell nearly all of its midstream assets, including pipelines, to its master limited…
Thursday, 08 November 2018 05:26

Gazprom Neft Cuts Output Forecast Iraq Oilield

Russian oil producer Gazprom Neft has made a further cut to its forecast for the level at which output will plateau at the Badra oilfield…
Thursday, 08 November 2018 04:30

Hellenic Petroleum Q3 Core Profit up 15%

Hellenic Petroleum, Greece's biggest oil refiner, reported a 15 percent rise in third-quarter core profit on Thursday with stronger sales volumes more than offsetting lower…
Oil neared three-month lows on Thursday, surrendering early gains as investors focused on global crude supply, which is increasing more quickly than many had expected.…
Thursday, 08 November 2018 04:07

Rosneft Snubs Government Oil Meeting

Russia's largest oil firm, Rosneft, snubbed a meeting chaired by Energy Minister Alexander Novak on Thursday aimed at consulting domestic energy companies as leading global…
Thursday, 08 November 2018 03:36

Decommissioning Gets into Deep Water in GoM Featured

LOC Group’s Houston office provides perspective on decommissioning developments in the Gulf of Mexico. (Credit: LOC) The Gulf of Mexico basin covers approximately 1.6 million…
Norway has been forced to close the Sture Oil Terminal near Bergen and has started closing down the nearby Kollsness gas-and-condensate terminal — a lifeline…
Norway's Ministry of Petroleum and Energy and Ministry of Finance has approved the transaction from AS Norske Shell and OKEA concerning the transfer of the…
The government regulator for gas and electricity markets in Great Britain Office of Gas and Electricity Markets (Ofgem) has granted TC Dudgeon OFTO plc a…