OPEC failed to agree a clear oil-output strategy on Thursday as Iran insisted on steeply raising its own production, though Tehran’s arch-rival Saudi Arabia promised not to flood the market and sought to mend fences within the organisation.
Houston-based Noble Energy on Thursday informed it has received governmental approval for the development of the Leviathan project offshore Israel.
OPEC is set for another showdown between rivals Saudi Arabia and Iran at a meeting on Thursday, with Riyadh trying to revive coordinated action and set a formal oil output target but Tehran rejecting the idea.
VesselsValue, a well-known website covering the shipping sector and providing values for the shipping vessels, is moving into the offshore market. Namely, the company has launched VesselsValue Offshore, covering the offshore support vessels sector. The VV Offshore database currently has almost 6.000
Lithuania has shown interest in taking part in Iranian LNG projects, according to Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading.
VIENNA (Reuters) – A Nigerian oil technocrat has emerged as frontrunner to take the top job at OPEC, with members seeing Mohammed Barkindo as what would be a rare compromise candidate to lead the group amid rising tensions between Saudi Arabia and Iran. Barkindo has been a key face of the Nigerian o
By Alex Lawler, Rania El Gamal and Reem Shamseddine VIENNA (Reuters) – For OPEC watchers, every little detail matters. When the oil producer group holds its half-yearly meetings, what time the ministers arrive in Vienna, how they speak and which hotel they stay in – anything will be analysed in an a
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Angola LNG re-starts production The Chevron-led $10 billion Angola LNG project has started producing chilled gas with first cargoes to be available soon on a tender, the project’s spokeswoman told LNG World News on Tuesday. Shell to slash more jobs LNG giant Royal Dutch Shell said it will increase t
The state of Oman has increased its tax on LNG companies from 15 percent to 55 percent in a joint meeting of the State Council and Majlis Al Shura, the country’s Consultative Council.
State-owned Qatar Petroleum could begin exporting liquefied natural gas from its Golden Pass project near Sabine Pass, Texas in 2021, according to Abdullah al-Attiyah, a government advisor on energy issues.
Qatar and Bangladesh on Sunday discussed broadening energy cooperation including future LNG supplies, according to a statement by Bangladesh’s Ministry for Power, Energy & Mineral Resources. Mohammed bin Saleh Al Sada, Minister of Energy and Industry of Qatar, met on Sunday in Doha with Bangladesh’s
India and Iran have signed a bilateral agreement today to develop the Chabahar port and related infrastructure, with Indian earmarking about USD 500 million for this purpose. The deal has been signed after India, Afghanistan and Iran finalized the text of the Trilateral Agreement on Transport and Tr
Offshore support vessel company Topaz Energy and Marine saw a boost in its first quarter 2016 profit, but a decrease in revenues due to low vessel utilization and pressure on rates. The company on Monday posted a first quarter 2016 net profit of $2 million, an 81.8% increase compared to $1.1 million
