Egypt's Petroleum Ministry ties arrears payment to production boost amid decreasing gas output
According to a statement from the petroleum ministry on Monday, Egypt plans to link arrears payment to increased production as part of its plan to settle outstanding debts with international oil companies.
Exxon to Proceed with Argentina Development
US based ExxonMobil said on Tuesday it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block.The project is expected to produce up to 55…
Saudi Aramco to Buy LNG from US
Saudi Arabia’s state owned oil company Saudi Aramco will buy 5 million tons of liquid natural gas per year(LNG) from the U.S. company Sempra Energy, based in San Diego under a 20…
Trading Firm Trafigura Looks to Build U.S. Deep Water Oil Port
Global commodities trader Trafigura has applied to build a deep water port in Texas, United States, that would be able to load supertankers, the company said on Monday, supplying…
Texas Flood: U.S. Oil Pours into Global Markets
United States taking share from OPEC nations in Asia, Europe, as China’s biggest U.S. crude buyer to double imports. In the two years since Washington lifted a 40-year ban on oil exports, tankers filled with U.S.
Crude Oil Markets Bullish, But Not Really: Russell
Sentiment is often a somewhat flighty and nebulous concept, but it appears that crude oil markets are turning increasingly bullish about the prospect for higher prices. Certainly…
Douglas-Westwood: The Great Global Gas Surplus
The production of LNG in recent years has increased dramatically. According to Westwood Global Energy data, LNG liquefaction capacity increased from 121 million tons per annum (mmtpa) in 2000 to nearly 270 mmtpa in 2010…
China May Approve More Crude Imports for Teapots
More independent refineries seek crude import quotas. Total quota may hit 2 mln bpd by end-2016. China could approve more crude import quotas for independent refiners that will…
SBM Offshore Dividend Returns in 2015
SBM Offshore has reported revenue and net debt reduction in line with expectations. Although industry challenges have led to continued postponement of client investment decisions…
LNG - Player in the European Gas Game
History repeats itself. In January 1959 the first LNG vessel shipped out from Lake Charles, La. to deliver its trial cargo to Europe. Soon, another important LNG shipment is going to leave the Gulf of Mexico.
EU Lacks Clear Gas Strategy, Says Supplier Norway
Norway, the European Union's second largest gas supplier after Russia, has told the bloc it lacked a clear strategy on gas and was therefore cooling willingness to invest in new fields and pipelines…
RigNet Wins Telecoms Deal for US LNG Export Facility
RigNet, Inc., a global provider of managed remote communications solutions, telecoms systems integration (TSI) services, and collaborative applications to the oil and gas industry…
Wintershall: Infrastructure Woes Prevent Libyan Output Restart
German energy group Wintershall, a unit of chemicals firm BASF is ready to restart production at its onshore Libyan operations but lacks the export infrastructure due to domestic strife…
Genel Energy Transaction in Own Shares
Genel Energy plc announced that on 13 August 2014 it purchased from J.P. Morgan Securities plc 155,000 ordinary shares at an average price of 750.2887 pence per share. The purchased…
Iraq Approves $600m Oil Depot Contract with CPP
Iraq's cabinet said on Tuesday it had approved a $607 million contract with China Petroleum Pipeline (CPP) for the construction of an oil storage depot near its Nassiriya oilfield in the south of the country.
Russian Gas Discounts Undermine Italy's Quest For New Routes
U.S. As Europe looks to wriggle free of Russia's energy grip, state-backed exporter Gazprom is working to convince Italy to stay the course with offers of cheap gas, potentially…
