Business & Finance
US weekly LNG exports drop to just five cargoes
US liquefied natural gas exports have dropped considerably in the week ending June 10 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that three US terminals dispatched five LNG cargoes during the week June 4-
Siemens, Total to work on “green” LNG production
A unit of German engineering giant Siemens has entered into a deal with French energy group Total to advance new concepts for “green” liquefied natural gas production. As part of the contract, Siemens Gas and Power is conducting studies to explore a variety of possible liquefaction and power generat
ConocoPhillips becomes operator of Tasmanian offshore permit
Oil company 3D Oil has completed the farm-out of T/49P permit offshore Tasmania to ConocoPhillips following the approval of documentation by the National Offshore Petroleum Titles Authority (NOPTA).
Qatar Petroleum to integrate chemicals firm Muntajat
State-owned LNG giant Qatar Petroleum said on Thursday it will integrate chemical distributor Muntajat as part of efforts to further strengthen its downstream business. The integration of Chemical and Petrochemical Marketing and Distribution Company will enable QP to continue expanding its global re
Shell taps AF Gruppen for Curlew FPSO decom job
AF Gruppen has been awarded a contract by Shell for dismantling and recycling of the Curlew FPSO, which operated in the UK North Sea.
CNOOC kicks off production from oilfield offshore China
CNOOC Limited has started production from the Qinhuangdao 33-1S oilfield phase I project, located offshore China.
TEPCO Renewable Power to spend big on offshore wind
TEPCO Holdings’ renewable energy unit, which commenced business operation as an independent company on 1 April under the name TEPCO Renewable Power, has revealed a big investment in offshore wind projects. The company plans to invest JPY 1-2 trillion (€ 8.22 billion to € 16.44 billion) in 6-7 GW of
Otto Energy chief executive officer steps down
The chief executive officer (CEO) and managing director of Australia-based oil and gas company Otto Energy has decided to step down from his roles.
Neptune Energy’s VP of exploration set to leave
The vice-president of exploration and development at oil and gas company Neptune Energy has opted to leave her role in the fall of 2020.
Ørsted reaches 7 GW offshore wind capacity with turbine No. 1500
Ørsted has installed its 1,500th offshore wind turbine with which the world’s leading offshore wind developer reached 7 GW of capacity installed. Ørsted achieved this milestone recently after installing the 25th Siemens Gamesa 8 MW wind turbine on the 752 MW Borssele 1 & 2 wind farm in the Dutch Nor
Aker BP and Equinor to coordinate development of North Sea licences
Aker BP and Equinor have entered into an agreement in principle on commercial terms for a coordinated development of the licences Krafla, Fulla, and North of Alvheim.
Europa Oil & Gas buys Edge licence offshore Ireland
Exploration and production company Europa Oil & Gas has acquired a 100 per cent interest in Frontier Exploration Licence (FEL) 3/19 offshore Ireland from Norwegian oil company DNO.
MingYang sells minority stake in demo offshore wind farm
China’s MingYang Smart Energy has agreed to sell a minority stake in a special purpose company developing a 300 MW offshore wind project to Poly Changda Engineering. Once the transaction is completed, Poly Changda Engineering will hold a 49 per cent stake in Yangjiang Mingyang Offshore Wind Power De
Aker Solutions to deliver umbilicals for Murphy’s Gulf of Mexico project
Aker Solutions has been awarded a contract from Subsea 7 to deliver umbilicals for Murphy Oil’s King’s Quay development in the U.S. Gulf of Mexico.