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AOG Daily: 2018 / November

Tuesday, 06 November 2018 17:10

Eco Marine Power, ClassNK to Collaborate

In another significant move towards commercial release of the EnergySail, Eco Marine Power (EMP) announced that it has begun collaboration with ClassNK (Nippon Kaiji Kyokai)…
Steven W. Green has been named president of Chevron North America Exploration and Production, succeeding Jeff Shellebarger, who is retiring from Chevron after 38 years…
Tuesday, 06 November 2018 07:57

US Crude Oil Exports to China Stalled Featured

The development that saw no U.S. seaborne exports of crude oil to China in August has continued into September, according to BIMCO. This is despite…
U.S. energy company Kinder Morgan Inc told federal regulators on Tuesday that it put part of the Louisiana natural gas pipeline in Louisiana into service:…
U.S. energy regulators gave Williams Cos Inc two more years until December 2020 to get the approvals needed to build its long-delayed Constitution natural gas…
Norwegian drillship and rig operator Fred. Olsen Energy, proposes to sell one of its drilling units and to issue $130-140 million in new equity to…
The Republic of Congo has launched its latest oil exploration bidding round in Cape Town, offering 18 blocks in deep-water offshore and onshore sites in…
Nigeria's Senate voted on Tuesday to probe the state oil firm's alleged withdrawal of $1.05 billion from gas company Nigeria LNG.The Premium Times newspaper reported…
Tuesday, 06 November 2018 03:46

Tullow: First Kenyan Crude Shipments in 2019

Africa-focused Tullow Oil expects the first crude shipments from its Kenyan oilfields in the first half of 2019 and is pricing the product for the…
Tuesday, 06 November 2018 03:39

Rosneft Nearly Triples Net Profit Featured

Russia's largest oil producer Rosneft almost tripled third-quarter net profit to 142 billion roubles ($2.15 billion), citing higher crude output and prices, despite taking a…
Tuesday, 06 November 2018 03:30

Petrobras Earnings Miss Forecasts Featured

Brazil's Petroleo Brasileiro SA on Tuesday reported a surge in third-quarter net profit that still lagged forecasts as oil prices rose but spending at the…
Monday, 05 November 2018 18:04

NKT Confirms Moray East Offshore Contract

Global energy sector supplier NKT has confirmed turnkey order for Moray East offshore wind farm project. Image: Moray Offshore Renewable Power "NKT has signed a…
The Australia Pacific LNG project (APLNG) said that it has signed a deal to buy gas from neighboring Queensland Curtis LNG (QCLNG ) project and…
Monday, 05 November 2018 18:02

NV5 Global Acquires CHI Engineering Services

The engineering, procurement and construction management (EPCM) firm serving the liquefied natural gas (LNG), petroleum gas (LPG) and natural gas (NG) industries, CHI Engineering Services…
Norwegian shipping company Golar LNG Partners is deploying a floating storage and regasification unit (FSRU) to Jamaica for up to 15 years from the fourth…
North Sea operator Serica Energy has struck a deal with commodities giant BHP Billiton to up its stakes in two North Sea fields, taking it…
Norway’s Uptime International has entered into two new contracts with compatriot vessel provider Island Offshore. Island Clipper. Photo: Island Offshore "Island Clipper has secured a…
Vitol Investment Partnership(VIP), an investment vehicle sponsored and managed by Vitol, and IFM Investors, a global provider of investment services to institutional investors,  have agreed…
Norwegian shipping company GC Rieber Shipping has entered into a time charter agreement with a European offshore client for the CSV  Polar Queen for a…
Monday, 05 November 2018 14:43

Kosmos Energy, Shell Form Alliance

Oil and gas exploration and production company Kosmos Energy said that it has entered into a strategic alliance with Shell Exploration Company B.V. to jointly…
Monday, 05 November 2018 14:37

LNG Trade to Increase by 10% in 2020

Dominated by new U.S. volumes, liquefied natural gas (LNG) trade is expected to increase by 10 percent per annum from 290 million tons in 2017…
Monday, 05 November 2018 14:36

FLNG Hilli Episeyo Operates in Full Capacity

Golar LNG Limited confirmed that FLNG Hilli Episeyo continues to operate with 100 percent commercial availability. Pic: Golar LNG Limited Currently in the process of…
Monday, 05 November 2018 11:10

Occidental Tops Profit Estimates

U.S. oil and natural gas producer Occidental Petroleum Corp beat quarterly profit estimates on Monday, benefiting from a surge in production in the Permian Basin…
Turkey will not allow the exploitation of gas reserves in Turkish and north Cypriot waters of the eastern Mediterranean, President Tayyip Erdogan said on Sunday.…
Monday, 05 November 2018 08:20

Brazil Oil Output Dips

Oil production in Brazil fell 5.9 percent in annual terms to an average of 2.486 million barrels per day, the nation's ANP oil regulator said…
Algeria's Sonatrach on Monday signed a contract worth $248.5 million with Italy's Maire Tecnimont Spa to build a fourth liquefied petroleum gas (LPG) train at…
Monday, 05 November 2018 06:08

FSU Delivered to Bahrain LNG

Teekay LNG’s first floating storage unit (FSU) has been delivered to charterer Bahrain LNG. (Photo: Teekay LNG) The vessel Bahrain Spirit was delivered from the…
German utility RWE has frozen development of its Tilbury Energy Centre in Britain, which included plans for a 2.5 gigawatt (GW) gas plant, it said…
Monday, 05 November 2018 04:30

Vedanta Granted Rajasthan Extension

The Government of India, acting through the Directorate General of Hydrocarbons, Ministry of Petroleum and Natural Gas has granted its approval for a 10-year extension…
Monday, 05 November 2018 04:13

Oil Up as U.S. Imposes Sanctions on Iran

Oil prices recovered some ground on Monday after five days of heavy losses as the United States imposed a range of punitive sanctions on Iran,…