Italian oil company Eni has once again stopped production from the Goliat field in the Barents Sea off Norway, less than a week after it had been restored from the previous shutdown. Last Friday, the Goliat FPSO unit was restarted after being out for over a month due to repairs on the offloading hos
Malaysian LNG shipper, MISC, on Friday reported a drop in LNG revenue for the fourth quarter and the year 2016.
The estimated OPEC production in January was at 32.1 mb/d and the cuts achieved a record initial compliance rate of 90%, the International Energy Agency (IEA) said in its Oil Market Report. To remind, the OPEC members and Russia in November 2016 reached a deal to reduce oil production in order to de
Magellan Petroleum, an independent oil and gas exploration and production company, on Friday, said it has completed its merger with Tellurian Investments, under the name Tellurian Inc.
Large upstream projects are more often delivered by a group of partners rather than a single 100% owner.
Total Chief Executive Patrick Pouyanne said on Thursday that the first shipment from the $27 billion Yamal LNG project it is developing in Russia with Novatek could be sent before October this year. Pouyanne said during a presentation to investors on Total’s 2016 financial results that Novatek’s CEO
Aibel has been awarded further work on Hywind Scotland Pilot Park after Statoil assigned the company to assist with the commissioning of five floating wind turbines for the project.
Australia’s capacity to find and develop its oil and gas resources may be at stake as the Commonwealth Treasury reviews the petroleum resource rent tax, according to the Australian Petroleum Production and Exploration Association. Australia, that is set to become the world’s largest LNG exporter, an
Spanish LNG operator Gas Natural Fenosa increased its investment in 2016, acquiring two LNG carriers during the year, despite a decline in net profit.
The Norwegian Petroleum Directorate (NPD) has granted consent for the start of the expansion of the Nyhamna gas plant in the Møre Og Romsdal County, Norway. The onshore facility processes gas from the Shell operated Ormen Lange field. According to NPD’s statement on Friday, the expansion will allow
Natural gas spot prices in the U.S. dropped in most locations in the week ending February 8, with the Henry Hub price slipping 7¢ from last Wednesday, according to the weekly report by the Energy Information Administration. The Henry Hub spot price dropped from $3.12/MMBtu last Wednesday to $3.05/MM
South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, is reportedly interested in investing in shale gas projects in the United States.
Australian oil company Norwest Energy has farmed out more of its stake in the Xanadu prospect in the TP/15 permit in the offshore northern Perth Basin of Western Australia. Following the farm-out deal signed in September 2016 with Transerv and Triangle Energy, Norwest Energy on Friday said it had ex
Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and engineering services, has completed a suitability survey for the world’s second largest semi-submersible heavy-lift vessel, the ‘Xin Guang Hua’. For the survey, done in advance of the vessel’s
