News
Shell’s Q4 profit surges, LNG sales rise
Profits at the Hague-based LNG giant Shell more than doubled in the fourth quarter, driven by higher oil, gas and LNG prices. Shell’s earnings on a current cost of supplies (CCS) basis rose to $4.3 billion, or 47 cents per share, for the three months ending in December, topping analysts’ forecasts.
Construction starts on Port of Gothenburg LNG bunkering facility
Construction of a liquefied natural gas (LNG) bunkering facility started at Sweden’s Port of Gothenburg. The facility will open up new opportunities for LNG-fuelled ships that call at the Gothenburg Energy Port. It will become fully operational during 2018, according to a statement by the Port of Go
Caterpillar CEO joins Chevron’s board
US energy giant and LNG player, Chevron said on Thursday that Jim Umpleby has been elected to the company’s board of directors. Umpleby is the chief executive officer and a member of the board of directors of Caterpillar. The appointment to Chevron’s board is effective March 1, 2018, and Umpleby wil
Shell makes one of its largest oil discoveries in Gulf of Mexico
Shell has made what it says is one of its largest U.S. Gulf of Mexico exploration finds in the past decade from the Whale deep-water well.
Qatar Petroleum, Shell win Mexico blocks
Qatar Petroleum, the world’s largest producer of liquefied natural gas (LNG), has won exploration rights in five offshore blocks in Mexico. The winning bids were announced on Thursday by the National Hydrocarbon Commission of Mexico (CNH) at the conclusion of a public bidding session in Mexico City,
Nigeria: Otakikpo field seismic shoot underway
Partners in the Otakikpo marginal field have begun shooting a 3D seismic survey on the field.
Call for nominations issued for areas offshore Newfoundland
C-NLOPB has issued a call for the submission of nominations of areas of interest located in the Eastern Newfoundland region.
ExxonMobil taking a stake in Galp’s offshore Namibia block
Portuguese oil company Galp is in the process of farming-down a 40% participating interest in the Petroleum Exploration License (PEL) 82 in Namibia to an ExxonMobil subsidiary.
Rystad Energy: 13 UK fields to be sanctioned in 2018
The UK oil and gas industry is coming back to life with 13 fields expected to be sanctioned in 2018, according to Rystad Energy.
FAR getting ready to drill Gambian prospect
Australia-based FAR Limited is preparing to drill at its Samo prospect offshore The Gambia in late 2018.
Watch Live: Mexico’s deepwater bid round
Mexico is on Wednesday hosting the opening of bids for awarding its deepwater oil and gas exploration acreage as part of the of the Fourth Tender of Round 2.
GasLog Partners posts lower Q4 profit, but 2017 numbers rise
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog reported a profit of $28.9 million for the fourth quarter, a drop of 16 percent year-on-year. The shipping company that owns 12 LNG carriers said in a statement that this was due to a decrease of $4.4 million in profit from operation
Report: Lundin secures Leiv Eiriksson Rig for more drilling in Norway
Swedish oil company Lundin Petroleum has reportedly signed a new term contract with Ocean Rig for the Leiv Eiriksson semi-submersible drilling rig.
Seagreen Schedules Offshore Wind Talks
Seagreen Wind Energy Limited is hosting three public exhibitions in February to allow local residents and interested parties the opportunity to view details of proposed modifications to the offshore works on the Seagreen Alpha and Seagreen Bravo wind farms off Scotland.