Regions News

 

Greek PM May Seek Sanctions Against Turkey in Gas Row

Jun 17, 2019

Greece and Cyprus will push their EU partners to penalize Turkey, including the possible option of sanctions, if Ankara is verified to have started drilling for gas west of Cyprus, Greek Prime Minister Alexis Tsipras said on Sunday.The discovery…

U.S. and Gulf Allies Face Task Protecting Oil Shipping Lanes

Jun 14, 2019

The United States and its allies may need to to start escorting commercial vessels to prevent further attacks in Gulf oil shipping lanes, Gulf sources and experts said.Even then, the conventional naval and air capabilities of Western and Gulf…

Oil Prices Jump 2% After Tanker Attacks

Jun 13, 2019

Oil prices settled 2.2% higher on Thursday after attacks on two oil tankers in the Gulf of Oman stoked concerns of reduced crude trade flows through one of the world's key shipping routes.The attacks near Iran and the Strait of Hormuz reignited…

Infinity, Medserv Form Services JV

Jun 12, 2019

Aberdeen-based Infinity Oilfield Services and Malta-based Medserv have formed a new joint venture named InMedCo, to provide a broader portfolio of highly specialized technical services to the oil and gas market.The InMedCo joint venture combines…

Oxy Enters Four Blocks in Southern Colombia

Jun 11, 2019

U.S.-based oil company Occidental Petroleum Corp has partnered with Amerisur Resources Plc on four exploration and production blocks in southern Colombia, near the border with Ecuador, the National Hydrocarbons Agency (ANH) said on Tuesday…

Gazprom, Sovcomflot Pact on LNG Bunkering

Jun 11, 2019

Russian shipping company Sovcomflot and compatriot oil producer Gazprom Neft Marine Bunker have signed an agreement to cooperate on projects for bunkering ships with LNG fuel.The agreement was signed by Igor Tonkovidov, Executive Vice President and CTO/COO of Sovcomflot…

Natural Gas Flaring Hits Record High

Jun 06, 2019

As spot prices in the region have remained near or below zero, natural gas flaring and venting in the Permian Basin in Texas and New Mexico reached a new all-time high in the first quarter of 2019, averaging as much as 661 million cubic feet per day (MMcfd)…

Australia to be World's Largest LNG Exporter

Jun 04, 2019

Australia is all set to become the world’s largest producer of liquefied natural gas (LNG) next year and to retain that position until 2024, when Qatar will reclaim the top spot, said a report by Rystad Energy'“Australia has no intention of relinquishing its hard-earned LNG crown without a fight…

BP Sells Egypt Assets to Dragon Oil

Jun 03, 2019

BP said on Monday it has agreed to sell its interests in Gulf of Suez oil concessions in Egypt to Dubai-based Dragon Oil, as part of the supermajor’s plan to divest more than $10 billion in global assets over the next two years.Under the terms of the deal…

Tainted Oil Set for Russian Refineries, Ports After Dilution

May 31, 2019

More than a million tonnes of contaminated oil from Russia's Druzhba ('Friendship') pipeline, expected to be shipped back from Belarus, will end up at Russian refineries and export ports after being diluted to usable levels, sources have told Reuters…

US Oil Production Up, Needs More Pipelines

May 31, 2019

The rising domestic crude oil production in the United States has created a need for more pipeline capacity, revealed the US Energy Information Administration (EIA).EIA recently launched a new liquids pipeline projects database that tracks more than 200 crude oil…

OPITO Appoints VP for Americas

May 30, 2019

OPITO, the global, not-for-profit skills body for the energy industry, has appointed Brandon Grosvenor to the new role of vice president of strategic development for the Americas region.He had previously spent more than a decade with National Oilwell Varco in Houston…

Mohawk Energy Receives 'Sizeable' Investment

May 28, 2019

Expandable tubular well solutions specialist Mohawk Energy said it has received an investment from private equity firm Buckthorn Partners to support its domestic and international growth ambitions.The Houston-based company provides expandable solutions in pursuit of well integrity…

Asian Renewables Investment on the Rise

May 28, 2019

Renewable energy investment in the Asia-Pacific region will overtake spending on oil and gas exploration by 2020, consultancy Rystad Energy said on Monday.Total capital expenditure in renewables will rise above $30 billion in the region by 2020…

Microsoft, Eneco Sign Energy Pact

May 26, 2019

Microsoft will purchase 90 MW from the massive 731.5 MW offshore wind project, Borssele III/IV, from Dutch sustainable energy company and wind farm developer Eneco.Eneco will provide Microsoft’s datacenters with green power for 15 years starting in 2022…

Current News

Timor Resource to Drill 5 Wells in Timor-Leste

Saudi Aramco Pursues IPO Planning Despite Attack

Saudi Aramco Pursues IPO Planning Despite Attack

Middle East Risks Keep Oil Prices High

Middle East Risks Keep Oil Prices High

Transborders Joins Forces with Osaka Gas

Transborders Joins Forces with Osaka Gas

BP Awards Caspian ACG Contracts

BP Awards Caspian ACG Contracts

Senvion to Sell Assets to Siemens Gamesa

Senvion to Sell Assets to Siemens Gamesa

Oil Price Spike after Saudi Attack Temporary

Oil Price Spike after Saudi Attack Temporary

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