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China's Coal Import Restrictions may Pressure Pricing

Apr 17, 2018

The price of seaborne thermal coal in Asia may come under pressure as China moves to impose some import restrictions on imports of the polluting fuel. Several ports in southern and eastern China have introduced controls on coal imports,…

First Cove Point LNG Lifting Departs Maryland

Apr 16, 2018

The first contractual liquefied natural gas (LNG) cargo from Dominion Energy Inc's newly constructed Cove Point LNG export plant in Maryland in the United States left the facility on Monday, Thomson Reuters Eikon ship tracking data showed. The…

Maersk Establishes Decomissioning Company

Apr 12, 2018

A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing amount of offshore oil and gas fields are approaching the end of their economic life…

OPEC: Oil Markets Tightening Even as U.S. Shale Booms

Apr 12, 2018

The global oil stocks surplus is close to evaporating, OPEC said on Thursday, citing healthy energy demand and its own supply cuts while revising up its forecast for production from rivals who have benefited from higher oil prices. U.S.…

Arctic Norway Terminal Plans Revived

Apr 10, 2018

Oil firms operating two oilfields and several oil discoveries in the Barents Sea off Norway are looking at a possibility to build an onshore oil terminal, Norway's oil minister said on Tuesday. 'I'm optimistic. I think it's important that…

Kinder Morgan Halts Most Work on Disputed Canada Pipeline

Apr 09, 2018

Kinder Morgan Canada on Sunday suspended most work on a C$7.4 billion ($5.8 billion) oil pipeline expansion that has become the focus of protests, a move underscoring uncertainty over major energy projects in Canada. Company Chairman Steve…

Philippines Eyes Exploration Deal with China in S.China Sea

Apr 09, 2018

The Philippines is looking to seal a pact with China within a few months to jointly explore for oil and gas in a part of the busy South China Sea waterway claimed by both countries, a Philippine official said on Monday. In February, the…

Oil Edges Up But U.S.-China Trade Tensions Weigh

Apr 09, 2018

Trade dispute between U.S./China unsettles markets as U.S. drillers add 11 rigs drilling for new oil. Oil markets stabilised on Monday after having lost around 2 percent last Friday as concerns grew over the impact on global growth from…

Rolls-Royce bags first nuclear power contract in China

Apr 07, 2018

Rolls-Royce has signed a contract to modernise rod control system equipment in 14 of CGN’s CPR1000 nuclear power units in China. It’s the first contract of its kind for Rolls-Royce in China and was signed with CGN subsidiary, Suzhou Nuclear Power Research Institute (SNPI)…

Oil Dips on Trump's Latest China Trade Talk

Apr 06, 2018

Trump threatens tariffs on $100 bln more of China trade. Oil prices fell on Friday after U.S. President Donald Trump's threat of new tariffs on China reignited fears of a trade war between the world's two biggest economies. Trump said on Thursday he had ordered U…

Four Bunker Barges Seized in Singapore over Unpaid Debt

Apr 05, 2018

Singapore law firm asks for vessels to be arrested; bunker barges owned by Vermont UM Shipping. Four marine refuelling barges owned and operated by Vermont UM Shipping Pte Ltd were seized in Singapore on Monday night, according to the website of Singapore's Supreme Court…

BP eyes 119 LNG Cargoes Annually From Indonesia

Apr 04, 2018

Oil major BP is targeting shipping 119 cargoes of liquefied natural gas (LNG) from its Tangguh project in Indonesia's West Papua province this year, including 22 for the domestic market, a company official said on Wednesday. BP expects to…

Fugro Returns to Hollandse Kust Wind Farm

Apr 03, 2018

Fugro is set to commence a site characterization program at the Hollandse Kust (noord) Wind Farm zone. Carried out under a further contract for the Netherlands Enterprise Agency (RVO.nl), part of the Ministry of Economic Affairs and Climate Policy…

Norway Labour Unions Threaten Strike by 35,000 Workers

Apr 03, 2018

Almost 35,000 private-sector workers organised by Norway's largest labour unions plan to go on strike from April 8 unless a deal is found over wages, pensions and other compensation, the unions said on Tuesday. The first wave of a strike…

Sinochem Pilots Blockchain for Gasoline Export Shipment

Apr 02, 2018

Sinochem Energy Technology Co. Ltd., a subsidiary of Sinochem Corporation, has successfully used blockchain technology for a shipment of gasoline from China's Quanzhou to Singapore, said official news agency Xinhua on Monday. It claimed…

Current News

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Sapura Energy Hooks Subsea Services Contract from Thai Oil Major Off Malaysia

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

Philippines' PXP Energy Eyes Petroleum Blocks in Non-Disputed Areas

BP Suspends Production at Azerbaijani Platform for Maintenance Works

BP Suspends Production at Azerbaijani Platform for Maintenance Works

SOVs – Analyzing Current, Future Demand Drivers

SOVs – Analyzing Current, Future Demand Drivers

Decarbonization Offshore O&G: Navigating the Path Forward

Decarbonization Offshore O&G: Navigating the Path Forward

Subsea Vessel Market is Full Steam Ahead

Subsea Vessel Market is Full Steam Ahead

China's Imports of Russian Oil Near Record High

China's Imports of Russian Oil Near Record High

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