News
Nobel Upstream wraps up Maclure stake buy from Shell
Nobel Upstream, a UK-based exploration, and production company, has completed its acquisition of a 7.59 percent non-operated interest in the Maclure oil and gas field, in the UK North Sea, from Shell. The company said on Thursday that, after having received all necessary approvals, the acquisition,
Freeport LNG seeks additional export volumes authorization
Freeport LNG has requested permission from the United States Department of Energy to increase its export volumes from its terminal currently under construction near the city of Freeport, in Brazoria County, Texas.
Annual Asia oil shindig sobers up as downturn lingers
By Henning Gloystein and Florence Tan SINGAPORE (Reuters) – Conspicuous consumption, mostly liquid, has long been a feature of Singapore’s annual APPEC oil gathering, but it is a more sober affair in 2016, as executives in the third year of an industry downturn keep a clear head for deal opportuniti
Aqualis Offshore to Support Siemens Globally
Siemens Wind Power has awarded Aqualis Offshore UK a global framework agreement for the provision of a range of engineering services required for wind turbine installations. Under the agreement, Aqualis Offshore will provide general engineering and design services including jack-up site specific ass
EIA: Henry Hub price in Aug flat
The Henry Hub natural gas spot price in the United States averaged $2.82/MMBtu in August, unchanged from the July average, according to the Energy Information Administration. A hot summer and production declines have put some upward pressure on natural gas prices, although prices remain low enough t
Rio Grande LNG granted DOE export permit
NextDecade on Wednesday said it has been granted authorization by the U.S. Department of Energy to export liquefied natural gas to free trade agreement countries from its proposed Rio Grande LNG facility.
Russia’s TMK continues with Yamal LNG deliveries
Russia’s largest producer of steel pipes, TMK said it has delivered another batch of tubular products to Novatek-led US$27 billion Yamal LNG project, finalizing the delivery of shipments contracted for this year. The shipments were made under a contract the company signed with Yamal LNG in 2014. TMK
Sacramento County, Applied LNG pen supply deal
Sacramento County and Applied LNG signed a multi-year contract for the supply of renewable liquefied natural gas, as the county attempts to reduce its GHG emissions.
Gazprom: first TurkStream permits issued
Russian giant Gazprom informed it has been granted first permits by Turkish authorities for the TurkStream project that is set to be continued.
Ineos enters into first loan on the back of new North Sea assets
Ineos UK E&P Holdings has entered into its first, five-year, reserve-based lending facility (RBL Facility) of £220 million ($294M). Ineos said on Wednesday that the facility has been secured on attractive terms on the back of the recently-acquired assets from DEA UK and Fairfield Energy. To remind,
Sandbank Feeds First Power into German Grid
The Sandbank offshore wind farm, located in the North Sea, 90km west of German island of Sylt, has fed the first power to the German grid. The 72 wind turbines will be put into operation successively, with the entire wind farm expected to be on the network in the spring of 2017. The first wind turbi
Wood Group, Technip wrap up Gorgon LNG work
Wood Group and Technip have recently completed 11 years of engineering and project management services on the Chevron-operated US$54 billion Gorgon LNG project in Australia. The two companies formed the Gorgon Upstream Joint Venture (GUJV) back in 2005 to deliver front end engineering and design (FE
Shell lifts force majeure on gas supplies to Nigeria LNG
Shell Petroleum Development Company, a Nigerian unit of Hague-based LNG giant Shell lifted a force majeure on gas supplies to the Nigeria LNG export facility located on Bonny Island. SPDC declared force majeure on gas supply to NLNG on 8 August, following a leak on the Eastern Gas Gathering System (
Pacific Radiance settles PSV dispute with two Chinese shipyards
Singapore’s offshore vessel supplier Pacific Radiance has reached a settlement with two Chinese shipyards regarding a dispute over construction contracts for two platform supply vessels (PSVs). To remind, in June 2016, Pacific Radiance’s wholly owned subsidiary Pacific Crest issued notices of arbitr