News
Australia: Curtis Island LNG projects ship 50 cargoes in Jan-Feb
The three liquefaction plants located on Curtis Island off Gladstone shipped a total of 50 LNG cargoes during the first two months of 2017.
Italy: Snam ups investment, eyes small-scale LNG development
The Italian natural gas transmission system operator, Snam, intends to study the development of small-scale LNG business and to up its investment over the 2017-2021 period.
U.S. to open 73 million offshore acres for O&G exploration
U.S. Secretary of the Interior Ryan Zinke said on Monday that the Department would offer 73 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development. The proposed region-wide lease sale is scheduled for August 16, 2017, and will include a
Amec Foster Wheeler scores Shell deal
British multinational consultancy and engineering company Amec Foster Wheeler said it has won a five-year deal with a unit of the Hague-based LNG giant Shell. Under the enterprise framework agreement, Amec Foster Wheeler will provide services for Shell Global Solutions International’s downstream pro
First Turbine Stands at Nordsee One
MPI Offshore’s wind turbine installation vessel MPI Enterprise has installed the first Senvion 6.2M-126 turbine at the 332MW Nordsee One offshore wind farm in the German North Sea.
Private equity money to inspire North Sea investment – oil lobby
LONDON (Reuters) – A recent surge in North Sea deals, driven by private equity money, will inspire other investors to spend more in the ageing basin where gross revenue has turned positive for the first time in five years, Britain’s oil lobby said. The UK North Sea oil and gas market has attracted d
ExxonMobil plans $20 billion U.S. Gulf Coast investment
US-based energy giant and LNG player ExxonMobil said on Monday it would invest $20 billion through 2022 to expand it business along the U.S. Gulf Coast. The investments at 11 sites in Texas and Louisiana would create over 45,000 jobs, Darren Woods, Chief Executive of ExxonMobil said in a speech at C
U.S. asks for more information on Baker Hughes-GE merger
General Electric Company (GE) and Baker Hughes have each received a request for additional information from the United States Department of Justice (DOJ) in connection with the pending combination of GE’s oil and gas business with Baker Hughes. The two companies announced their agreement to combine
Eni expands acreage offshore Cyprus
Italian oil and gas company Eni finalized a farm-in agreement with Total to acquire 50 percent participating interest in block 11 offshore Cyprus.
Gazprom secures €700 mln loan from Credit Agricole
Gazprom signed a five-year €700 million (Approx: US$740 million) with France’s Credit Agricole Corporate & Investment Bank.
Advertorial: New Partnership for SEAROV OFFSHORE
DELTA ROV is located in the Clark Free port Zone in the Philippines and is involved in underwater inspections, construction and drilling assistance. Recently, SEAROV OFFSHORE has taken a significant part of the company capital and set up sales and services agreements with DELTA ROV. With that strate
Energy Minister Novak: Russia’s hydrocarbons industry competitive despite sanctions and downturn
Despite difficulties posed by international sanctions and the downturn in the past two to three years, the Russian hydrocarbons industry has demonstrated positive results, helped by a very liberal investment regime that incentivizes greenfield developments and further production of brownfields. The
Hess: Deepwater at rock bottom, but there are exceptions
Much has been said about the shale revolution and the low oil prices effects during the first day of the CERAWeek conference in Houston. On the other hand, not so much attention was given to the offshore part of the industry. This was also acknowledged by John Hess, the CEO of Hess Corporation, a U.
Exxon CEO spends 10 minutes of speech on emission cuts. Saves $20B investment story for the end
ExxonMobil, one of the world’s largest oil companies, is not famous for being a pioneer in tackling the climate change or investing in renewable energy sources. To remind, when asked about Exxon’s potential renewables investments a few years back, Exxon’s then CEO, now Secretary of State, Rex Tiller