Popular news, June 27 – July 3, 2016
Chevron sets date for first Gorgon LNG cargo after shutdown Chevron’s Gorgon LNG project in Australia, one of the largest natural gas projects in the world, is expected to ship its first cargo of LNG on July 3 after the plant was shut down due to mechanical problems in March. Angola LNG drops supply
Paris MoU saw a large decrease in the refusal of access or bans in 2015 – 11 bans compared to 20 in the previous year, according to 2015 Annual Report on Port State Control. The data shows that the detention percentage has remained stable at 3.33 percent. The number of deficiencies has decreased ten
By Alex Lawler LONDON (Reuters) – OPEC’s oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria’s oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies. Higher supply from major Middle East producers exce
By Alex Lawler and Dmitry Zhdannikov LONDON (Reuters) – Oil fell below $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week. Returning Nigerian supply will put pressure on prices, Goldman S
The liquefied natural gas (LNG) market is expected to be oversupplied over the next few years due to the start-up of new projects in Australia, the U.S. and Russia, according to a report by the Qatar National Bank. High oil prices in the past, to which LNG contracts are linked, have encouraged the s
Qatar Petroleum is expanding its presence across the entire oil & gas value chain with the recent integration of Qatar International Petroleum Marketing company, Tasweeq.
Popular news, June 20 – 26, 2016
BIMCO has published three standard novation agreements that provide a legal framework to change one of the original parties to a contract. Corporate changes such as restructuring, sale of a company or sale of part of a company’s interests may make it necessary to replace an original contracting part
Israel’s Delek Group has informed that it has been given until August 1 to provide a final commitment to developing the Hanna block in the Mediterranean Sea, containing the Dolphin natural gas reservoir. The company said on Wednesday that Israel’s Petroleum Commissioner has filed the request in resp
Leviathan partners, Delek Drilling and Avner Oil Exploration have authorized Noble Energy, the operator of the Leviathan project to enter into a front end engineering design contract (FEED) for the production platform for the field.
Private equity (PE) firms are preparing to deploy capital into the global oil and gas sector with 25% planning acquisitions before the end of the year and 43% by the first half of 2017, according to an EY global survey of 100 PE firms active in the sector. With US$971.4b of PE dry powder from June [
Read the most popular news of the week.
By Ahmad Ghaddar LONDON (Reuters) – Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over its EU membership. Brent crude futures <LCOc1> were up $1.11 at $48.30 a barrel by 1142 GMT, having dropped 3.6 pe
