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AOG Daily: 2019 / May

North American tight oil is emerging as the second cheapest source of new oil volumes globally, just shy of the Middle East onshore market, Rystad…
Royal Dutch Shell has plans to invest about $2 billion per year in Brazil through 2025, Chief Executive Ben van Beurden told newspaper Valor Econômico…
Wednesday, 08 May 2019 20:17

Vattenfall Starts Hollandse Kust Zuid

Development of the first unsubsidized offshore wind farm is well underway off the Dutch coast after bouts of bad weather delayed the project earlier this…
Wednesday, 08 May 2019 15:54

U.S. Energy Hits Records in 2018: EIA

U.S. energy consumption, production, and exports have reached record highs in 2018, said U.S. Energy Information Administration (EIA). Graph: U.S. Energy Information Administration The United…
Wednesday, 08 May 2019 15:52

Siemens Exits Power, Gas, Renewable Biz

German conglomerate Siemens AG said it will spin off and give up its majority stake in its energy division and merge it with separately listed…
Wednesday, 08 May 2019 11:29

From KPMG: Visions of Cheese

Whilst we are seeing a clear uptick in activity and the UK oil and gas industry is certainly on the way up again, the industry…
Wednesday, 08 May 2019 06:29

U.S. Crude Stocks Fall as Imports Fall

U.S. crude oil stockpiles fell unexpectedly last week, the Energy Information Administration said on Wednesday, and strong gasoline demand could point to additional drawdowns in…
Tellurian Inc confirmed on Wednesday it still plans to make a final investment decision to build its proposed $30 billion Driftwood liquefied natural gas (LNG)…
Total greenfield project sanctioning, summed up to the present day, only accounts for 40% of estimated volumes of offshore projects ever being sanctioned, said Rystad…
Tuesday, 07 May 2019 07:03

Vestas CEO to Step Down

Danish wind turbine maker Vestas on Tuesday said that its chief executive, Anders Runevad, would step down in August as part of its long-term succession…
Oil prices slipped nearly 2 percent on Tuesday, on track to fall to their lowest levels in over a month as renewed doubts over U.S.-China…
Tuesday, 07 May 2019 02:31

Okea Eyes Listing by Mid-2019

Norwegian oil company Okea AS said on Tuesday it was planning an initial public offering by mid-2019, in a bid to raise funds to finance…
Global Natural Gas Liquid Market is poised to cross 14 million barrels per day by 2025, said a study. Pic: Gazprom Neft Japan natural gas…
Monday, 06 May 2019 16:42

Piedmont Awards EPC Gig to Matrix

Oklahoma-based Matrix Service Company has secured an engineering, procurement and construction (EPC) contract for the Piedmont Natural Gas LNG  facility in North Carolina. Pic: Matrix…
A fire broke out on a major gas pipeline in the Urals region of Russia, Interfax news agency reported on Monday, citing an unnamed source…
U.S. pipeline operator Kinder Morgan Inc will pay a tariff on imported steel used in a $1.75 billion natural gas pipeline project, the U.S. Department…
French energy regulator CRE and its Irish counterpart CRU said on Monday they are backing a bid by the Celtic Interconnector undersea power cable project…
Oil prices fell on Monday after U.S. President Donald Trump said he would sharply raise tariffs on Chinese goods this week, risking the derailment of…
Gulf Agency Company (GAC),  a global provider of shipping, logistics, and marine services, has opened two new branches, in Harwich and Ramsgate, to meet the…
Texas-headquartered Occidental Petroleum has reached an agreement to sell Anadarko Petroleum's oil and gas assets in Africa to French oil major Total for $8.8 billion.The…
Sunday, 05 May 2019 12:27

Oxy Would Sell Anadarko’s Africa Assets to Total Featured

France's Total SA said on Sunday it has agreed with Occidental Petroleum Corp to acquire the African assets of Anadarko Petroleum Corp for $8.8 billion,…
A discussion over energy at the summit last week between Russian President Vladimir Putin and North Korean leader Kim Jong-un has excited the government in…
Friday, 03 May 2019 04:27

O&G Skills Requirements Shifting

Action is needed now to retain, retrain, recruit and renew the workforce in a rapidly changing UK oil and gas sector. (Photo: OPITO) These are…
Friday, 03 May 2019 03:42

Equinor Q1 Beats Forecast

Norwegian oil and gas firm Equinor reported on Friday a small fall in quarterly operating profit, beating forecasts, and said its giant Johan Sverdrup oilfield…
Royal Dutch Shell is moving to sell its stake in Indonesia's $15 billion Abadi liquefied natural gas (LNG) project, industry and banking sources said, following…
Noble Energy Inc reported a bigger-than-expected quarterly loss on Friday, as the U.S. oil and gas producer was hit by weak crude prices. (Photo: Noble…
Thursday, 02 May 2019 19:04

Wintershall, DEA Complete Merger

The merger between oil and gas firms Wintershall Holding GmbH and Deutsche Erdoel AG (DEA) has been completed, creating the largest independent exploration and production…
Thursday, 02 May 2019 19:00

DOE Approves Port Arthur LNG Project

The U.S. Department of Energy (DOE) announced the signing of a long-term order authorizing the export of domestically produced liquefied natural gas (LNG) from Sempra…
Thursday, 02 May 2019 18:57

Tellurian Clears Hurdle for LNG Export

Texas-based natural gas company Tellurian has announced that the US Department of Energy (DOE) Office of Fossil Energy has issued the long-term authorisation for Driftwood…
Bangladesh has employed its second liquefied natural gas (LNG) terminal with the beginning of operations of floating storage and regasification unit (FSRU) 'Summit LNG' offshore…
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