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 $30 billion in the region by 2020…
A fire broke out on a major gas pipeline in the Urals region of Russia, Interfax news agency reported on Monday, citing an unnamed source in the emergency services.Gazprom, which operates the pipeline via Gazprom Transgaz Yugorsk, said in a…
AB Klaipedos nafta (KN), the operator of oil products and liquefied natural gas (LNG) terminals, and the German company Nauticor GmbH & Co. have agreed on the sale of KN’s 10% stake in the charter contract of Kairos, the world’s largest LNG bunker supply vessel to Nauticor…
Gas developments in Iraq will overtake oil projects in 2019, measured in resources sanctioned for development, according to analysis from Rystad Energy.'For the world’s fourth largest crude producer, natural gas is about to take pole position…
The global Liquefied Natural Gas (LNG) as a bunker fuel market was valued around US$ 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…
Oilfield services company Expro announced Thursday it has promoted two company executives.Current Executive Vice President, Alistair Geddes, has been promoted to Chief Operating Officer (COO) with immediate effect, and Keith Palmer has been…
well completion solutions provider Reactive Downhole Tools announced MOnday it has appointed Niall Urquhart as VP Eastern Hemisphere.Urquhart brings to the position more than 10 years of experience in the oil and gas sector, including project engineer for Baker Hughes…
OPITO, a global, not-for-profit skills body for the energy industry, has appointed Hart Victor in the role of vice president of strategy for the Asia Pacific region.Victor had previously spent more than a decade with National Oilwell Varco (NOV)…
Turkey will begin drilling for oil and gas near Cyprus in coming days, state-owned news agency Anadolu reported Foreign Minister Mevlut Cavusoglu saying on Thursday, a move that could stoke tensions with neighboring Cyprus and Greece.Turkey…
The U.S. Bureau of Ocean Energy Management (BOEM) said it will offer all available unleased areas in federal waters of the Gulf of Mexico during a region-wide lease sale scheduled for March 2019.BOEM said Lease Sale 252 will offer up 78 million acres…
Croatia published a tender for gas and oil exploration in mountainous areas of the country's central and southern regions, the state hydrocarbon agency said on Monday.'The deadline for submitting bids is Sept.10, 2019 at 1200(1000 GMT). A tentative deadline for awarding licences is December…
In less than 12 months Eni CEO Claudio Descalzi has turned the Middle East from a sideshow to a strategic hub for the Italian energy major. And the shift is not over.Since last March the 63-year-old has clinched nine deals in the United Arab Emirates…
Croatia on Wednesday approved a tender for oil and gas exploration in mountainous areas of the country's central and southern regions.The details of the tender will be released by the state-run Hydrocarbon Agency, which is in charge of running the process…
The Global Floating LNG Power Vessel market accounted for $780.14 million in 2017 and is expected to reach $1,073.54 million by 2026 growing at a CAGR of 3.6% from 2017 to 2026.According to a market research report by ResearchAndMarkets, some…
Russian President Vladimir Putin inaugurated a liquefied natural gas (LNG) import terminal that will serve as a back-up gas supply solution for the Russian enclave of Kaliningrad on the Baltic Sea. The facility includes floating storage regasification unit (FSRU) in Baltic Sea enclave…
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