Regions News

 

Shell to Exit Baltic LNG Oroject

Apr 10, 2019

Royal Dutch Shell has decided to exit the Baltic liquefied natural gas (LNG) project led by Russian gas producer Gazprom in the Leningrad region, the chairman of Shell's Russian unit said on Wednesday.'Following Gazprom's announcement on March…

Europe Offshore Fleet has 105 Wind Farms

Apr 10, 2019

There are now 189 GW of wind energy in Europe, making up 14% of the EU’s power demand. 18.5 GW of this is in Europe’s offshore fleet, whose 105 wind farms and 4,500 turbines now provide 40,000 jobs.According to WindEurope CEO Giles Dickson, this is set to grow…

Genel Energy Names Higgs CEO

Apr 08, 2019

Genel Energy Plc named oil veteran and Chief Operating Officer Bill Higgs as its top executive, the oil and gas exploration and production company said on Monday.Higgs' appointment as chief executive officer comes as the company, the largest…

Global LNG Bunker Fuel Market to Reach $1.3bln by 2026

Apr 07, 2019

The global Liquefied Natural Gas (LNG) as a bunker fuel market was valued around US$ 550 million in 2017, and is expected to register a CAGR of over 8.5%. The bunker fuel market revenue value is exprected to reach US$ 1,263.2 million in 2026…

GAC Steps up in Guyana

Apr 05, 2019

GAC has opened its newest company in the South American country of Guyana in response to demand for professional shipping and logistics support following the discovery of large reserves of oil and gas in its waters.Bordered by the Atlantic to the north…

Vitol, Novatek Sign LNG Deal for Arctic 2 Plant

Apr 02, 2019

Novatek Gas & Power Asia, a trading unit of Russia’s largest independent natural gas producer and LNG operator, Novatek, signed a heads of agreement with British energy and commodity trading company Vitol for the supply of LNG from the Arctic LNG 2 project…

Sempra Gets Okay for LNG Export in Mexico

Apr 02, 2019

San Diego utility company Sempra Energy Sempra Energy said that its subsidiary Energía Costa Azul (ECA) LNG received two authorizations from the US Department of Energy (DOE) to export US produced natural gas to Mexico and to re-export LNG to…

GA Drilling Gets Capital Boost

Apr 01, 2019

Slovakia-based GA Drilling has received a boost to help develop, test and commercialize its innovative plug and abandonment (P&A) technology. The company has signed a £4.2 million ($4.7 million) funding agreement with Budapest based venture capital firm Lead Ventures…

GA Drilling Gets Fund, Signs Pact with MOL

Mar 29, 2019

High-tech deep-drilling company GA Drilling signed a EUR 4.2 million funding agreement with Lead Ventures and a service agreement with MOL Group.Lead Ventures, a Budapest based venture capital firm invested funds provided by MOL Group, and Hungarian Eximbank…

DNV GL Invites Partners for Turbine Project

Mar 27, 2019

DNV GL calls on industry stakeholders to join a new Joint Industry Project (JIP) to develop Recommended Practice on wind turbine design methodologies for cyclones and earthquakes.The world’s largest independent energy advisory and certification…

Energy Demand Rose at a Record Rate

Mar 26, 2019

Global energy demand grew 2.3% last year, marking its fastest pace in a decade, amid a robust global economy and stronger heating and cooling needs in many regions, said the International Energy Agency (IEA).Natural gas emerged as the fuel of choice…

Saudi Aramco, McDermott Plan New Facility

Mar 26, 2019

Saudi Aramco on Tuesday signed a land lease agreement with McDermott Arabia Company to establish a facility for large scale fabrication of offshore platforms and onshore/offshore modules located within the King Salman International Complex for Maritime Industries in Ras Al-Khair…

Sinopec to Develop Weirong Shale Gas Field

Mar 25, 2019

Sinopec Corp, China's biggest shale gas operator, said on Monday it plans to develop a new field this year able to produce 1 billion cubic meters (bcm) of shale gas annually.The state-run company said the field will tap a proven reserve equivalent to 124…

US Buyers Turn to Offshore Crude

Mar 25, 2019

U.S. sanctions on Venezuela's oil industry have made winners out of Royal Dutch Shell Plc and BP Plc, Gulf of Mexico offshore heavyweights, as refiners in need of substitutes are scooping up oil produced in the region.Those two companies produce…

Exxon, Chevron Accelerate Shale Production

Mar 25, 2019

The two biggest U.S. oil companies Chevron and ExxonMobil plan to significantly ramp up production in the US shale heartland as the oil behemoths are seeking to go from shale to scale in the Permian.Rystad Energy’s shale team analysed as to…

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