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Petrobras, Galp move to expand cooperation
Brazilian oil company Petrobras has signed a memorandum of understanding with Portugal’s Galp Energia to expand cooperation between the two companies and consolidate their strategic alliance. In a statement on Tuesday, Petrobras said the partnership could mean cooperation in exploration, development
Japan’ spot LNG contracted in September down 24 pct YoY
The average price of spot-LNG for delivery to Japan that was contracted in September was at US$5.6 per mmBtu.
Norway: Ekofisk audit reveals safety breach
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found a non-conformity during an audit of regulatory requirements for electrical installations on ConocoPhillips’ Ekofisk 2/4 K-B platforms offshore Norway. PSA found one non-conformity in connection with the notification
Three Foreign Flagged Ships Detained in UK in September
Three more vessels were detained in UK ports during September 2016 after failing Port State Control (PSC) inspection, the country’s Maritime and Coastguard Agency (MCA) informed. Apart from the three newly detained ships, four ships remained under detention from previous months. Vessels detained ear
JAX LNG firms up contracts to start LNG plant construction
JAX LNG has executed the remaining engineering and procurement contracts required to begin construction of a new LNG liquefaction and storage facility in Jacksonville, Florida.
Gazprom boosts gas exports to Austria
Russian gas giant Gazprom said it has increased its natural gas exports to Austria. From January 1 through October 10, 2016, Russian gas supplies to Austria totaled 4.18 billion cubic meters, a rise of 23.8 percent as compared to the same period a year before, Gazprom said in a statement. Gazprom’s
Japan’s JBIC says cautious on lending to resource sector
By Yoshifumi Takemoto TOKYO (Reuters) – Japan Bank for International Cooperation (JBIC), a major backer of mining and energy projects for Japanese companies, said it will be cautious on lending to the resources sector despite a rally in commodity prices this year. With oil prices surging around 40 p
SacOil settles dispute with Nigdel over Nigerian license
SacOil, an independent African oil and gas company, has settled its legal dispute with Nigel United Oil Company regarding the Oil Prospecting License (OPL) 233 offshore Nigeria. OPL 233 is an offshore oil block that is located in the shallow marine area of the prolific Niger Delta region. It encompa
Study: Delay of Sulphur Cap Law Would Endanger 200K Lives
The implementation of a global low-sulphur fuel law for ships in 2020 would prevent 200,000 premature deaths globally, a health study by a group of leading researchers from the United States and Finland reveals. The announcement was made after the international shipping association BIMCO raised conc
BP leaving Bight: APPEA disappointed, Greens say ‘good riddance’
Australian Petroleum Production and Exploration Association (APPEA), a body representing the Australian oil and gas industry, is disappointed by BP’s decision not to pursue its proposed exploration project in the Great Australian Bight. To remind, the oil giant on Tuesday said it wouldn’t move ahead
Strike over for oil service workers in Norway
Over 300 Norwegian oil services workers on Tuesday ended the strike that started almost three weeks ago as the Norwegian Oil and Gas Association and the Industri Energi union have reached an oil service agreement. The service workers in Norway went on strike in September after mediation over the col
Russia, Turkey ‘shake hands’ on Turkstream pipeline project
Russia and Turkey have agreed to press ahead with the construction of an undersea pipeline that will carry Russian gas through the Black Sea to Turkey. The two countries’ energy ministers signed the deal in Istanbul on Monday, in the presence of Russian president Vladimir Putin and Turkish prime min
Clarksons: Shipping Industry Could Keep Its Big Break Going
Given the current conditions, the shipping industry needs supply-side re-positioning to help the markets back to improved health, and increased recycling in recent years has been a clear part of this, according to Clarksons Research. Since the start of 2009, a total of 206.6 million gross tons of sh
Trinidad’s LNG production down 40.2 pct in Aug
LNG production at Trinidad and Tobago’s liquefaction and export facility at Point Fortin dropped 40.2 percent in August as compared to the same month a year ago due to ongoing gas supply shortfalls in the country. Atlantic LNG’s 14.8 mtpa facility produced 1.46 million cubic meters in August, as com