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AOG Daily: 2018 / March

Thursday, 29 March 2018 03:04

China's Crude Futures Contract Should Confound the Sceptics: Kemp

File Image (CREDIT: AdobeStock / (c) Redindie) China’s new crude oil futures contract, which began trading this week, has a good chance of confounding the…
Thursday, 29 March 2018 01:24

Sapura JV Secures Block 30 in Gulf of Mexico

 Sapura Exploration & Production (Sapura E&P), a wholly-owned subsidiary of Sapura Energy Berhad (“the Group”, formerly known as SapuraKencana Petroleum Berhad), together with its joint…
Tuesday, 27 March 2018 03:19

China Crude Futures Enjoy Champagne Start

File Image (CREDIT: AdobeStock / (c) Redindie) China''s new crude oil futures contract enjoyed a successful first day of trading in Shanghai, most likely exceeding…
Tuesday, 27 March 2018 03:15

India's Reliance Sheds TX Shale Assets

File Image (CREDIT: AdobeStock / (c) Shamtor) Reliance Industries Ltd said on Tuesday its unit would sell some of its shale assets in the United…
Monday, 26 March 2018 03:45

Trafigura Among First to Trade China Crude Futures

File Image (CREDIT: AdobeStock / (c) Redindie) Trading giant Trafigura has been among the first foreign companies trading China''s just-launched crude oil futures, two sources…
Monday, 26 March 2018 00:42

Sabah Shell's offshore Malaysia contract for TechnipFMC

TechnipFMC has been awarded an Engineering, Procurement, Construction and Installation contract by Sabah Shell Petroleum Company Ltd. Forsys Subsea Photo TechnipFMC This award covers the…
Friday, 23 March 2018 05:17

Britain Blocks Plans for New Coal Mine on Climate Grounds

Britain has rejected plans for a new open cast coal mine in northeastern England, as it could hamper efforts to reduce greenhouse gas emissions and…
Friday, 23 March 2018 04:24

Vietnam Scraps South China Sea Oil Drilling Project

Vietnam''s state oil firm PetroVietnam has ordered Spanish energy firm Repsol to suspend its "Red Emperor" project off the country''s southeastern coast following pressure from…
Friday, 23 March 2018 04:15

Japan Restarts Reactor as Return to Nuclear Gathers Pace

Japan''s Kyushu Electric Power Co on Friday said it restarted a reactor at its Genkai plant, the fifth nuclear power station in the country to…
Thursday, 22 March 2018 09:43

US LNG Firms Lament Bad Timing of Tariffs, China Trade Spat

The Trump administration''s planned steel tariffs and a potential trade battle with China could hurt U.S. liquefied natural gas companies just as a new wave…
Thursday, 22 March 2018 05:32

China's CEFC Investigation Hits $9 billion Russian Oil Deal

Chinese conglomerate CEFC had already started paying for a stake in Russian oil giant Rosneft when the economic crime police took its chairman Ye Jianming…
Wednesday, 21 March 2018 05:07

China Says to Have "Prudent" Oil Exploration with Philippines

China will prudently advance cooperation with the Philippines on joint oil and gas exploration in the South China Sea, China''s top diplomat State Councillor Wang…
Wednesday, 21 March 2018 04:57

Oil Approaches Six-Week Highs

Oil neared its highest in six weeks on Wednesday after a surprise decline in U.S. inventories and as concern persisted over possible disruption to Middle…
Wednesday, 21 March 2018 03:56

Exxon Assessing Earthquake Damage to New Guinea NatGas Plant

LNG export project knocked out by major quake in late Feb.   A senior Exxon Mobil Corp executive said on Wednesday the company is still…
Tuesday, 20 March 2018 03:17

China's Independent Refiners Gear up for Ethanol Push

File Image (CREDIT: AdobeStock / (c) Jason Lee) Dongming plans to import ethanol, may produce biofuel; China set 2020 target for nationwide 10 pct biofuel use.…
Monday, 19 March 2018 04:07

Exxon Mobil buys LNG to Chill Papua New Guinea Project

File Image: A typical LNG Carrier at Sea (CREDIT: QGTC) ExxonMobil Corp has bought a liquefied natural gas (LNG) cargo to keep its Papua New…
Monday, 19 March 2018 03:10

Energy Battle is More Than OPEC vs U.S. Shale

File Image (CREDIT: AdobeStock / (c) Jose Gill) The market narrative consuming crude oil markets currently is the interplay between supply cuts by OPEC and…
Friday, 16 March 2018 04:00

Eni Raises Dividend, Production Targets

Italian oil and gas group Eni raised its dividend on Friday and held out the promise of a share buyback as it ramped up production…
Thursday, 15 March 2018 03:11

FERC Mulls Action on NY Denial for NatGas Pipeline

File Image: A typical NatGas pipeline header. (CREDIT: AdobeStock / (c) pisotckii) U.S. federal energy regulators gave themselves more time to decide whether to rehear…
Thursday, 15 March 2018 03:05

Commodities' Dilemma: Strong Demand or Trade War Fears?

File Image (CREDIT: AdobeStock / (c) Kasto) The tug-of-war between fundamentals and sentiment appears to be getting stronger for many commodities as the market tries…
Wednesday, 14 March 2018 06:33

Iran and Russia Sign Deal to Develop Two Oilfields

Iran and Russia signed a deal on Wednesday to develop two oilfields in Iran, according to Iranian state TV. The National Iranian Oil Company signed…
Wednesday, 14 March 2018 04:17

ExxonMobil Expects to Resume Paying Australian Corporate Tax in 2021

ExxonMobil Corp said on Wednesday it is likely to resume paying corporate tax in Australia only in 2021, after recouping billions of dollars in investments…
Wednesday, 14 March 2018 04:09

S.Korea Fuel Oil Imports Soar

South Korea''s move to shut coal-fired generators to control air pollution at the same time as nuclear reactors are going into scheduled maintenance is resulting…
Tuesday, 13 March 2018 07:42

$3 Bln LNG-to-power Project Planned in Bay of Bengal

Bangladesh''s Summit Power International said on Tuesday it signed a memorandum of understanding with Japan''s Mitsubishi Corp and subsidiary Diamond Gas International to develop a…
Tuesday, 13 March 2018 07:12

India's Oil Imports from Venezuela Hit Lowest in over 5 Years

Indian imports of oil from Venezuela have fallen to their lowest levels in over half a decade, shipping and industry data showed, as a severe…
Monday, 12 March 2018 05:36

Russia Ramps up Fuel Exports in Fight for European Market

Russia plans to sharply increase fuel exports and carve out a larger share of the European market following an extensive $55 billion modernisation of its…
Monday, 12 March 2018 04:03

MISC Berhad Names FSO Benchamas 2

MISC Berhad held the naming and delivery ceremony of its new Floating, Storage & Offloading (FSO) facility for Chevron Offshore (Thailand) Limited (COTL), the FSO…
Friday, 09 March 2018 04:28

Serbia, Russia Revive Gas Pipeline Plans

Russia and Serbia have revived an idea of building a gas pipeline in the Balkan country, a project that would enable Gazprom to step up…
Thursday, 08 March 2018 21:22

Stalled Oil and Gas Exploration a Major Economic Risk

The latest Australian Bureau of Statistics (ABS) exploration data confirms that the slump in petroleum exploration in Australia continues. Delivery of gas Courtesy APPEA photo…
Thursday, 08 March 2018 03:30

Trump Administration Seeks $100 bln Cut in U.S.-China Trade Deficit -WSJ

The Trump administration last week asked a top Chinese economic official for a $100 billon reduction in the U.S.-China trade deficit, the Wall Street Journal…
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