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AOG Daily: 2018 / April

© Yauhen Suslo / Adobe Stock Taiwan is becoming the next battleground for the world's top offshore wind developers as they seek a foothold in…
File Image (CREDIT: Diamond Offshore) Diamond Offshore Drilling Inc reported a smaller-than-expected quarterly loss on Monday, helped by new contracts for the company''s deep-water rigs.…
File Image (CREDIT: AdobeStock / © Redindie) For all the bullish chatter, hedge fund managers have become cautious about increasing their exposure to crude oil,…
Saturday, 28 April 2018 03:23

Petrobras Seeks Partnerships

 Petrobras informs that it has started the disclosure stage of two divestment opportunities (Teasers) related to the sale of its interest in refining and logistics…
Courtesy BSEE The Bureau of Safety and Environmental Enforcement (BSEE) – incorporating industry innovation, best science, and best practices – is proposing to update regulations…
ABS executives informed the industry conversation at Singapore Maritime Week, with presentations on the growing cyber security threat to maritime, new opportunities to take advantage…
Friday, 27 April 2018 03:26

Changes in Statoil's Top Deck

Margareth Øvrum (Photo: Ole Jørgen Bratland / Statoil) Statoil said on Friday it had expanded its leadership team and changed its corporate structure to reflect…
File Image (CREDIT: AdobeStock / © Renaschild) Noble has other investor meetings due in next few weeks; but court decision could complicate restructuring process.  …
File Image (CREDIT: AdobeStock / © Seafarer81) Singapore''s Maritime Port Authority (MPA) is set to announce it is making use of mass-flow-meters (MFM) mandatory onboard…
Thursday, 26 April 2018 03:32

First Johan Sverdrup Topside Installed

With the last module of the Johan Sverdrup riser platform lifted into place, the first of four topsides of the next North Sea giant has…
Conoco Chief Executive Ryan Lance (CREDIT: Conoco) U.S. oil producer ConocoPhillips posted a bigger-than-expected quarterly profit on Thursday, on rising crude prices and cost cuts.…
Wednesday, 25 April 2018 19:00

Japan: An LNG Bunkering Hub?

(Photo courtesy Intrernational Transport Forum) New study examines Japanese government strategy for creating infrastructure for environmentally-friendly ship fuel.A new report by the Intrernational Transport Forum…
Wednesday, 25 April 2018 09:02

Singapore's Bunker Market Rallies

© anekoho / Adobe Stock The Singapore fuel oil market has rallied this week as inventories have dropped at the same time that some supplies…
Wednesday, 25 April 2018 02:53

Ampelmann Opens Hamburg Office

Ampelmann has opened its first office in Germany, in response to growing business in the offshore wind sector. Tim Börner has been appointed as Business…
(File photo: Sembcorp Marine) Singaporean rig builder Sembcorp Marine Ltd said on Wednesday first-quarter profit fell 86 percent, and signaled a subdued outlook for orders…
Shell has signed an agreement to sell its Downstream business in Argentina to Raízen for $0.95 billion in cash proceeds at completion, subject to customary…
File Image (CREDIT: AdobeStock / © Leeylutung) China''s surging imports of crude oil this year are the major driver of higher prices on the demand…
Monday, 23 April 2018 19:00

STATS Group Post 65% Profit Increase

Photo: STATS Group Pipeline technology company STATS (UK) Ltd increased profits by 65 percent to £4.3 million ($6 million) while maintaining revenues of £30 million,…
© Anatoly Kolodey / Adobe Stock Bangladesh has finalized a 10-year deal to import 1 million tonnes of liquefied natural gas (LNG) annually from Oman…
File Image (CREDIT: AdobeStock / © Carabay) U.S. supplies to Europe set for all-time high in April; on course to overtake Russia, Saudi. As OPEC's efforts…
Photo: Kreuz Subsea Subsea services company Kreuz Subsea has mobilized the recently delivered newbuild dive support vessel, Kreuz Challenger, as part of its seven-year contract…
File Image (CREDIT: AdobeStock / © Jose Gill) Oil major buys various grades from Qatar, UAE, Russia; re-sells Qatar Marine and Sokol.   Royal Dutch Shell…
Friday, 20 April 2018 03:04

Oil Falls After Trump Criticizes OPEC

File Image (CREDIT: AdobeStock / © scanrail) Russia committed to cuts until end of year as 2018 demand looks strong (Goldman Sachs).   Oil prices fell…
File Image: An offshore Gulf of Mexico energy operation and OSV (CREDIT: BSM) Baker Hughes, the oilfield services company controlled by General Electric, posted a…
File Image (CREDIT: AdobeStock / © Shamtor) The decision by the government of Australia''s Northern Territory government to allow the resumption of fracking for natural…
Thursday, 19 April 2018 01:56

BP, Reliance Move Ahead in Deep Water

 BP and Reliance Industries Limited (RIL) today announced the sanctioning of the ‘Satellite cluster’ project in Block KG D6. The companies are moving forward to…
Noble''s action on shareholders was criticised by SGX; Noble needs shareholders to support its restructuring.   Bowing to criticism from the Singapore Exchange (SGX) and other…
Lightsource BP and Indian private equity fund Everstone Group announced on Wednesday the creation of a 500 million pound ($711 million) fund to invest in…
Wednesday, 18 April 2018 06:04

US Oil, Gasoline Stocks Fall in Latest Week

U.S. crude stocks fell last week as refineries cut output, while gasoline and distillate inventories fell, the Energy Information Administration said on Wednesday.Crude inventories fell…
Claudio Descalzi (Photo: Eni) Italian oil major Eni has no plans to pull out of its joint venture with Russia's Rosneft despite escalating sanctions against…
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