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AOG Daily: 2019 / February

Thursday, 28 February 2019 14:46

LNG Only Fills Niches in Europe

Although LNG (Liquid Natural Gas) provides a solid supplement to European gas supplies, the EU is and will remain a pipeline market – for good…
Thursday, 28 February 2019 14:45

Gasum's Coralius Made 100th LNG Bunkering

Nordic energy company Gasum said that its liquefied natural gas (LNG) bunker vessel, Coralius, made its 100th bunkering on February21. Coralius is operating on behalf…
Thursday, 28 February 2019 14:43

Global LNG Demand to Rise by 35mt in 2019

Global liquefied natural gas (LNG) supply is set to rise by 35 million tons (mt) in 2019, Trend reports with reference to forecasts of Royal…
Thursday, 28 February 2019 14:41

LNG Rates Hit Record in 4Q: Flex LNG

During the fourth quarter ended December 31, 2018, spot LNG rates reached record levels as market players were positioning themselves ahead of the winter season,…
The United States needs to be cautious about pending legislation that would allow the Justice Department to sue OPEC and other oil producers over supply…
Thursday, 28 February 2019 08:55

Senate Confirms Wheeler to lead EPA

The U.S. Senate on Thursday confirmed President Donald Trump's candidate, a former coal lobbyist, to lead the nation's top environmental regulator, infuriating Democrats and conservation…
Thursday, 28 February 2019 05:06

US Offers Oil from Emergency Reserve

The U.S. Energy Department said on Thursday it is offering up to five million barrels of sweet crude oil from the national emergency reserve in…
Thursday, 28 February 2019 02:35

CNPC to Develop New Shale Oilfield

China's state-owned CNPC has started developing a new offshore shale oilfield near the Bohai Rim Basin, the company said via its official newspaper on Thursday.…
Thursday, 28 February 2019 02:25

Petrobras: First Annual Profit in 5 Years Featured

Brazilian state-run oil firm Petroleo Brasileiro SA reported its first annual profit in five years on Wednesday as it swung to a net profit in…
Thursday, 28 February 2019 01:49

ExxonMobil Finds Natural Gas Off Cyprus

U.S. oil and gas major Exxon Mobil Corp said on Thursday it had found natural gas offshore Cyprus, a region already known for some of…
Thursday, 28 February 2019 01:43

DNV GL Opens New Houston Facility

DNV GL announced Thursday that it has opened a new facility in Houston to provide failure analyses that support the industry in conducting effective and…
Thursday, 28 February 2019 01:23

Partners Eye Conoco's North Sea Assets

Italy's Eni has teamed up with private equity firm HitecVision to bid against Chrysaor for ConocoPhillips' North Sea oil and gas assets, sources close to…
Thursday, 28 February 2019 00:32

Repsol Net Profit Up 7.5%

Spanish oil and gas firm Repsol beat forecasts with a 7.5 percent increase in fourth-quarter adjusted net profit on Thursday, boosted by higher oil and…
Wednesday, 27 February 2019 14:46

Oil, Gas Majors Join Blockchain Consortium

A group of seven major oil and gas companies, including ExxonMobil Corp., Chevron Corp. and ConocoPhillips, announced a partnership to establish the first industry blockchain…
Wednesday, 27 February 2019 14:45

Global FPSO Market to Hit USD30Bln by 2025.

The floating storage and offloading (FSO) vessel market is anticipated to surpass USD 30 billion by 2025, said a study. Pic: Saipem The FPSO market…
Wednesday, 27 February 2019 14:44

Golar Bullish on LNG Market

Through the provision of cheaper and cleaner energy the liquefied natural gas (LNG) market will likely take market share from coal and oil and sustain…
Wednesday, 27 February 2019 10:48

Pemex Shrugs off Losses; Eyes New Oilfields

Mexico's national oil company Pemex narrowed its multibillion-dollar losses last year, executives said on Wednesday, as it seeks to fast-track the development of 20 new…
Wednesday, 27 February 2019 10:41

Citgo Loans Price in Potential Regime Change

The bank debt of oil refiner Citgo Petroleum Corp, US subsidiary of Petróleos de Venezuela SA (PDVSA), has been volatile in recent days as Venezuela’s…
Wednesday, 27 February 2019 05:53

U.S. Crude Stockpiles Fall Unexpectedly -EIA

U.S. crude oil stocks fell unexpectedly last week as net imports fell to record lows, despite production growing to all-time highs and abundant inventories at…
Wednesday, 27 February 2019 05:14

Pemex Posts $6.4 Billion Q4 Loss

Mexican state oil company Pemex reported a loss of 125.5 billion pesos ($6.4 billion) for the fourth quarter on Wednesday, narrowing its loss from the…
Rates for hiring offshore rigs to drill in ultra deepwaters such as the U.S. Gulf of Mexico could double over the next couple of years…
Wednesday, 27 February 2019 03:09

New Wireless Gas Monitor Introduced

Emerson has introduced its first fully integrated wireless gas monitor in response to the critical need for monitoring of toxic hydrogen sulphide gas in wellheads,…
Wednesday, 27 February 2019 02:25

Oil Gains as OPEC Sticks to Supply Cuts

OPEC cuts expected to remain despite Trump pressure. Separately, oil supported by unexpected drop in U.S. inventories. File Image: CREDIT AdobeStock / © scanrail Oil…
Wednesday, 27 February 2019 02:20

Shell to Boost Ormen Lange Field Output

Royal Dutch Shell aims to boost output and recoverable reserves from its Ormen Lange gas field off Norway by installing subsea compressors, the head of…
Saudi Aramco has added Goldman Sachs as a bookrunner for a planned bond which will help finance its purchase of a stake in Saudi Arabian…
Wednesday, 27 February 2019 02:01

Chesapeake Beats Street, Predicts Higher Output

Chesapeake Energy Corp's quarterly profit beat analysts' estimates on Wednesday and the company said it expects to produce more crude oil in 2019, boosted by…
Tuesday, 26 February 2019 18:08

Exxon Resumes Seismic Survey in Guyana

Exxon Mobil Corp has resumed seismic exploration for oil and gas off of the coast of Guyana after halting work in December due to a…
Tuesday, 26 February 2019 18:00

APM Terminals Pushes Solar Energy in India

South Asia's APM Terminals Inland Services, operator of port and integrated inland service networks, is helping set up solar power plants in deep pockets of…
Tuesday, 26 February 2019 18:00

Keppel, Golar to Build FLNG Facility Featured

Keppel Corporation will partner liquefied natural gas (LNG) shipping company Golar LNG  to develop a floating LNG facility (FLNG) facility to be located on the…
Tuesday, 26 February 2019 14:37

IWAI, IOC Pact on Fuel Needs for Waterways

Inland Waterways Authority of India (IWAI) and Indian Oil Corporation Limited (IOCL) signed a memorandum of understanding (MoU) on fuel needs for national waterways and…
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