News
EnQuest completes Magnus transaction with BP
EnQuest has completed the acquisition of an initial 25% interest in BP’s UK North Sea Magnus oil field, a 3.0% interest in the Sullom Voe Oil terminal and supply facility (‘SVT’) and additional interests in associated infrastructure from BP as planned. Under the agreement originally announced in Jan
Spanish gas demand climbs 11 pct in Nov
Natural gas demand in Spain in the month of November rose 11 percent year-on-year reaching 36.6 TWh, according to the Spanish LNG terminal operator, Enagás. This increase is the result of high conventional demand and higher deliveries of natural gas for power generation. Conventional demand, which c
Nord Stream delivers 200 bln cubic meters of gas to Germany
Russian giant Gazprom said the Nord Stream gas pipeline transmitted its 200 billionth cubic meter of gas from Russia to Germany via the Greifswald delivery point.
OPEC, Non-OPEC agree to extend oil production cuts to end of 2018
A unanimous decision had been made to extend production cuts both within OPEC and between OPEC and Non-OPEC nations.
Golar LNG tightens loss as shipping markets recover
LNG shipper Golar LNG reported a net loss of $43.9 million for the third quarter of 2017, narrowing from the $73.8 million in the second quarter of the year.
Report: OPEC agrees to extend oil production cuts
OPEC has reportedly agreed to extend the oil production cuts for another nine months after the original agreement expires next year.
Remontowa to build LNG docking station in Poland
Remontowa LNG Systems, part of Remontowa Holding, will kick off construction of a pilot docking station, as part of an LNG distribution system based on cryogenic tank containers at the logistics terminal in Sławków, Poland.
MAN Diesel & Turbo dual fuel engine wins type approval
MAN Diesel & Turbo’s dual-fuel MAN L23/30DF engine passed its Type Approval Test (TAT) at CSSC Marine Power in Zhenjiang, China.
JMCC: Despite oil gaining ground, no time to sit back and relax
The energy world will be watching closely as members of OPEC hold final meeting in Vienna on Thursday to decide on whether to extend the oil production cuts until the end of 2018.
Upland farms into North Sea block. Drilling planned for late 2018
Upland Resources is set to farm into an offshore block in the Inner Moray Firth off Scotland, UK, and plans to start drilling in late 2018. The company has signed a farm-in agreement with Corallian Energy Limited for a 40 percent stake in UK Seaward Production Licence P2235 (UKCS Block 11/24b). The
Fluxys Belgium, GRTgaz launch virtual interconnection point
Fluxys Belgium and GRTgaz plan to unveil a single virtual interconnection point between the Belgian ZTP and French PEG Nord gas trading places to facilitate cross-border trading.
Clarksons suffers cyber security attack
Maritime and offshore intelligence provider Clarksons PLC has been a subject of a cybersecurity incident by unnamed perpetrators. Clarksons said on Wednesday that the cybersecurity incident involved unauthorized access to the company’s computer systems. “Our initial investigations have shown the una
Shell sees LNG export FID “in the next couple of years”
The Hague-based LNG giant Shell sees a bright future for the global liquefied natural gas industry, however, the company will think twice prior to taking a final investment decision for a new liquefaction project due to the market conditions. There has been only a small number of final investment de
Rolls-Royce, Partners Eye Zero Emission Ships
By combining existing technologies in a new way, it is possible to build ferries that represent a quantum leap for the environment. That is the idea behind a new R&D project involving four major players in the maritime sector – Rolls-Royce, Color Line, Norled and the Norwegian Coastal Administration