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AOG Daily: 2018 / November

Oil prices steadied on Tuesday, depressed by record Saudi production but supported by expectations that oil exporters would agree to cut output at an OPEC…
Tuesday, 27 November 2018 05:00

Pemex Crude Oil Output, Exports Fall

Mexican national oil company Pemex's crude output dipped to 1.76 million barrels per day (bpd) in October, down more than 7 percent compared with the…
Tuesday, 27 November 2018 04:44

New Leadership at NRG Group

Aberdeen-based NRG Group announced two new directors have been appointed to lead the family-owned company. Daniel Mackay, Andrew Mackay and Erica McPherson (Photo: NRG Group)…
Tuesday, 27 November 2018 04:33

Petronas Q3 Profit Jumps 43%

Malaysian state-owned energy firm Petroliam Nasional Berhad, or Petronas, on Tuesday said it will increase its dividend payout to the government after its third-quarter net…
Northern Norway's small port of Honningsvag will host between 150 and 160 ship-to-ship transfers of liquefied natural gas (LNG) cargos from Russia's Yamal by mid-2019,…
Tuesday, 27 November 2018 03:49

Petronas Sets Up Team for Renewables Push

Malaysian state-owned oil and gas firm Petroliam Nasional Berhad, or Petronas, has set up a new business within the group to make a push into…
Tuesday, 27 November 2018 03:41

Sonatrach Awards Gas Contract to Petrofac

Algerian state energy firm Sonatrach awarded a contract worth 60 billion dinars ($506 million) on Tuesday to Britain's Petrofac to boost gas output at the…
Tuesday, 27 November 2018 03:36

Ecopetrol Sets 2019 Investment at $3.5 billion

Colombian state-run oil company Ecopetrol said on Tuesday it will invest between $3.5 billion and $4 billion in 2019, slightly above this year as it…
Tuesday, 27 November 2018 03:34

Iraq Approves Drilling Deal for West Qurna 2

Iraq has approved a $165.74 million drilling deal with China's Bohai Drilling Engineering Co. for the West Qurna Two oilfield, two Iraqi oil officials said…
Danish offshore wind farm developer Orsted A/S has completed the divestment of 50% of the Hornsea 1 Offshore Wind Farm to Global Infrastructure Partners (GIP).…
Monday, 26 November 2018 17:08

Boskalis Inks Pact with Saudi Aramco

Dutch offshore services provider Royal Boskalis Westminster has been selected as a contractor on Saudi Aramco's Long Term Agreement (LTA) for Offshore Facilities program. Image:…
Denmark-based offshore wind farms service provider Fred. Olsen Windcarrier has marked a milestone in offshore wind turbine installation as it installed the 400th unit. Image:…
European Union (EU) leaders approved the agreement on the UK’s withdrawal and future relations with the EU. Image: Tank Storage Association (TSA) Tank Storage Association…
Monday, 26 November 2018 17:02

Canadian Drillers Expect Flat Year

The Canadian Association of Oilwell Drilling Contractors (CAODC) said that the Canadian oil and gas industry is simply too dysfunctional to anticipate any kind of…
Monday, 26 November 2018 08:26

Google to Tap the Power of Offshore Wind

Google invests $700 mln in Danish data center, secures green energyGoogle will invest almost $700 million in a Danish data centre, the latest investment in…
Saudi Crown Prince Mohammed bin Salman and Bahraini King Hamad bin Isa Al Khalifa opened a new oil pipeline between the two countries on Monday,…
Monday, 26 November 2018 04:40

DNO Makes Hostile Bid for Faroe Petroleum Featured

Norway's DNO has launched a hostile bid to buy all of Faroe Petroleum in a deal valuing the London-listed company at around 608 million pounds…
The United Arab Emirates has awarded Wintershall Holding a 10 percent stake in the Ghasha ultra-sour gas mega project, the Abu Dhabi National Oil Co.…
Monday, 26 November 2018 04:26

Oil Breaks Above $60

Oil rose above $60 a barrel on Monday, recovering some of the previous session's near-7 percent fall, although uncertainty over global economic growth limited the…
China’s state-owned CNPC has replaced France’s Total in Iran's multibillion-dollar South Pars gas project, Iranian Oil Minister Bijan Zanganeh said, according to the semi-official news…
Monday, 26 November 2018 04:18

Norway Eyes Offshore Wind to Power Gas Plant

Norwegian gas system operator Gassco and Canadian energy firm Enbridge are working on reviving a 350 megawatt (MW) offshore wind project to boost power supply…
KrisEnergy, a Southeast Asian upstream company, focuses on the exploration, development, and production of oil and gas, has failed to find significant hydrocarbon shows in…
Nigeria-focused oil company Addax has extended the charter for the Yinson-owned FPSO Adoon for another three months, pending discussion for a potential longer-term deal. FPSO…
Independent gas company DeNovo Energy, a subsidiary of the Proman Group, has made its first commercial supply of natural gas from the Iguana field in…
Norwegian fishing vessel Gardar is about to become the first fishing vessel to be retrofitted with a Wärtsilä 31 main engine, with significant improvements promised…
Friday, 23 November 2018 17:00

DEME Launches Orion

Belgian offshore vessel owner DEME has launched its next generation, giant new offshore installation vessel ‘Orion’ in a ceremony at the COSCO Qidong shipyard in…
No decision has yet been taken on the types of contract to be offered in Brazil's pre-salt deep water oil auctions, the incoming head of…
Friday, 23 November 2018 04:53

Big Oil Digs North Sea's 'Final Frontier' Featured

"Little hope of THIS rock ever producing oil," BP geologist Bill Senior scribbled in 1977 on a note assessing a recent oil discovery in a…
Friday, 23 November 2018 04:40

Total to Raise Output in 2019

Oil major Total's output will rise to 3 million barrels of oil equivalent per day in 2019, Chief Executive Patrick Pouyanne said on Friday. (Photo:…
Friday, 23 November 2018 04:34

Eni 'Always Interested' in Abu Dhabi

Eni CEO Claudio Descalzi on Friday declined to say whether the Italian oil group would bid for the refining unit of Abu Dhabi state-owned oil…