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AOG Daily: 2018 / November

Thursday, 22 November 2018 05:23

BP to Invest $1 Bln in South Africa

BP Southern Africa (BPSA) will invest $1 billion in South Africa in the next five years with more than a quarter of that set aside…
Thursday, 22 November 2018 05:03

Crude Oil Inventory Update Featured

Crude inventory build has reared its head again. And fears of an oil glut returning have sent oil prices south. © WestPic / Adobe Stock…
Dutch offshore construction and engineering company Heerema Fabrication Group (HFG) intends to divest a significant part of its activities in the field of design and…
Wednesday, 21 November 2018 17:57

Sapura Energy Wins Contracts in Mexico, Malaysia

Malaysia-based integrated oil and gas services Sapura Energy Berhad has strengthened its presence in Mexico and Malaysia with new contract wins valued at approximately RM1.75…
Royal Dutch Shell's  Shell Australia said Wednesday it entered into a sales agreement with Timor-Leste to sell the government a 26.56% interest in the Greater…
Wednesday, 21 November 2018 17:54

Faroe Petroleum Spuds Well off Norway Coast

Aberdeen-headquartered Faroe Petroleum has started drilling the Brasse East exploration well off the coast of Norway. Image: Faroe Petroleum The oil and gas company focusing…
Wednesday, 21 November 2018 17:49

Cepsa Appoints Musabbeh Al Kaabi as Chairman

Spanish multinational oil and gas company Cepsa announced that Musabbeh Al Kaabi was named as Chairman in succession to Suhail Al Mazrouei at a meeting…
Wednesday, 21 November 2018 17:48

Gazprom to Review Shale Gas and LNG Sectors

Russian energy giant Gazprom revealed that there is still a high level of uncertainty in the long-term forecasts for U.S. shale gas production. It also…
Wednesday, 21 November 2018 07:40

Oil Rebounds After Prior Session's Slide

Oil prices rose almost $2 a barrel on Wednesday, bouncing from the lowest levels in months, after U.S. government data showed strong demand for refined…
Wednesday, 21 November 2018 07:24

Chevron: First Oil From Big Foot Featured

U.S. supermajor Chevron announced that its operated Big Foot deepwater project in the U.S. Gulf of Mexico has started crude oil and natural gas production.…
U.S. crude oil stockpiles rose more than expected last week, building for the ninth consecutive week, while gasoline and distillate inventories fell, the Energy Information…
Ten months after the final assembly of the offshore substation (OSS) for the new Deutsche Bucht offshore wind farm started at Damen Shiprepair Vlissingen (DSV),…
Wednesday, 21 November 2018 04:25

Endesa to Boost Investment in renewables

Spanish energy group Endesa plans to raise investment in renewables over the next three years and slightly lower the proportion of its profit it will…
Wednesday, 21 November 2018 04:20

BP Producing 588,000 BPD in Azerbaijan

Oil output at the BP-led Azeri-Chirag-Guneshli oilfields in Azerbaijan totalled 588,000 barrels per day in the January to September period, BP-Azerbaijan said on Wednesday. (Photo:…
Britain's energy regulator Ofgem has proposed financial and customer service tests for new suppliers after several smaller energy providers went bankrupt over the last year,…
Wednesday, 21 November 2018 04:15

Oil Bounces Above $63 After Slide

Oil bounced above $63 a barrel on Wednesday to claw back some of the previous day's 6 percent plunge, lifted by a report of an…
Wednesday, 21 November 2018 03:54

Argentina to Export First LNG in 2019

Argentina is due to begin exports of liquefied natural gas from a part of its vast Vaca Muerta shale gas resource next year through a…
Wednesday, 21 November 2018 02:39

Johan Castberg Topside Construction Begins

Norwegian minister of petroleum and energy Kjell-Børge Freiberg cut the first sheet for the topside of the Johan Castberg floating production, storage and offloading unit…
Wednesday, 21 November 2018 02:16

Trump Thanks Saudi Arabia Over Oil Prices Featured

U.S. President Donald Trump on Wednesday praised Saudi Arabia over recent oil prices and called for prices to go even lower, likening it to "a…
Tuesday, 20 November 2018 17:12

South Korea Dominates LNG Shipbuilding Featured

The liquefied natural gas (LNG) carrier orders received by South Korean shipbuilders have more than tripled from last year. Image: Samsung Heavy Industries According to…
Tuesday, 20 November 2018 17:06

GE Teams with Catapult to "Stay Ashore!"

GE Renewable Energy and the UK's Offshore Renewable Energy (ORE) Catapult have announced a $11 million four-year research partnership aimed at minimizing the time people…
Romanian based independent oil and gas company Black Sea Oil & Gas together with its co-venture partners, Petro Ventures Resources and Gas Plus International, announced…
Tuesday, 20 November 2018 17:02

McDermott Bags Petrobras Contract

McDermott International announced a large contract award by Petrobras for a natural gas pipeline project in support of the client’s Santos basin pre-salt field program.…
Tuesday, 20 November 2018 17:00

Eagle LNG Receives Draft EIS

Eagle LNG, a wholly owned subsidiary of Ferus Natural Gas Fuels, informed that the United States Federal Energy Regulatory Commission (FERC) granted the company their…
Tuesday, 20 November 2018 09:58

Woodside Inks 20-year Gas Supply Deal Featured

Woodside Petroleum Ltd, Australia's biggest listed oil and gas explorer, said on Tuesday it had signed a 20-year gas supply deal with Perdaman Chemicals and…
Tuesday, 20 November 2018 08:51

Oil Slumps 7 Percent

Oil prices tumbled about 7 percent on Tuesday, with U.S. crude plunging to its lowest level in more than a year, caught in a broader…
Tuesday, 20 November 2018 06:21

First LPG Shipped from Ichthys Project

Japan's Inpex Corp said it had sent the first liquefied petroleum gas (LPG) shipment from its giant Ichthys project in Australia. © Alexander Gorter /…
China National Offshore Oil Co, or CNOOC, offloaded a liquefied natural gas (LNG) cargo on Nov. 11 shipped from Yamal, first of its kind the…
Oil prices fell about 4 percent on Tuesday, with U.S. crude plunging to its lowest in over a year, caught up in Wall Street's broader…
Philippine opposition senators have demanded President Rodrigo Duterte reveal details of joint energy exploration plans with China, warning such a deal risked affirming Chinese territorial…