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Expro Promotes Two Execs

Mar 21, 2019

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…

Urquhart Joins Reactive Downhole Tools

Mar 18, 2019

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 Names Asian Pacific VP

Mar 08, 2019

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 Set to Begin Drilling off Cyprus

Feb 21, 2019

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…

BOEM Plans Gulf of Mexico Lease Sale in March

Feb 13, 2019

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 Publishes Tender for Oil and Gas Exploration

Feb 11, 2019

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…

Eni Continues High-speed Gulf Drive

Feb 01, 2019

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 Approves Tender for Oil and Gas Exploration

Jan 30, 2019

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…

Floating LNG Power Vessel Market Set to Exceed USD 1 Bln

Jan 21, 2019

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 Commissions Kaliningrad LNG Terminal

Jan 10, 2019

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…

Puma Awards EPC Contract to McDermott

Jan 09, 2019

McDermott International, Inc. announced Wednesday it has been awarded a tank contract by Puma Energy (Australia) Fuels Pty Ltd for the engineering, procurement and construction (EPC) of 11 fuel tanks for an import terminal in Kwinana, Western Australia…

8.5% Growth Expected for LNG Bunkering Market by 2026

Jan 06, 2019

The global 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 first five-year cumulative revenue (2017-2021) is projected to be USD 3.4 bn which is expected to increase…

Novatek, Saibu Gas Ink MoU

Jan 02, 2019

Russia's largest independent natural gas producer Novatek said it had agreed with Japan's Saibu Gas to study the possibility for the Russian company to enter the Japanese energy market.Novatek said in a press release that PAO Novatek and Saibu Gas Co Ltd signed a  Memorandum of Understanding (MOU)…

PetroChina Strikes Large Flows in Tarim Exploration Well

Dec 13, 2018

PetroChina Co Ltd struck sizeable oil and gas flows in an exploration well in the Tarim basin of the remote northwestern region of Xinjiang, marking a breakthrough in exploring an earlier untapped region, parent CNPC said on Thursday.Zhongqiu-1 well tested a daily natural gas flow of 330…

Global LNG to be Major Part of Bunker Fuel Market

Dec 03, 2018

Liquefied natural gas (LNG) ships is expected to be the major application segment in the global LNG as a bunker fuel market.According to a market research report, LNG fueled ships emit zero sulphur oxide emissions along with decline in carbon dioxide gas release by 25%…

Current News

Russia's Seaborne Oil Product Exports Fell in March

Russia's Seaborne Oil Product Exports Fell in March

Valeura Makes Three New Oil Discoveries in Gulf of Thailand

Valeura Makes Three New Oil Discoveries in Gulf of Thailand

EU to Investigate Chinese Wind Turbine Suppliers

EU to Investigate Chinese Wind Turbine Suppliers

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Russian Oil Companies Told to Boost Fuel Supply to Domestic Market

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Borr Drilling Nets Close to $160M in Fresh Contracts for Three Jack-Ups

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

Papua LNG Project Requires 'More Work' to Reach FID, TotalEnergy Says

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

MOL Puts FSRU for Indonesia's Jawa 1 LNG Power Plant Into Operation

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