Wave of New LNG Export Plants Threatens to Knock Gas Prices
A flood of liquefied natural gas (LNG) export projects due online worldwide in mid-decade will vie against lower-cost renewable energy and a revived nuclear power sector, which could rock gas prices and hurt some proposed projects…
Sempra LNG, Aramco Sign Deal
North American energy infrastructure company Sempra Energy and Saudi Aramco's Aramco Services Company, signed an Interim Project Participation Agreement for the Port Arthur LNG export project under development in Jefferson County…
Wintershall Gains 10% Stake in Ghasha Gas Project
The United Arab Emirates has awarded Wintershall Holding a 10 percent stake in the Ghasha ultra-sour gas mega project, the Abu Dhabi National Oil Co.
ADNOC LNG Wins Extension of Gas Supply Contract to 2040
The Abu Dhabi National Oil Company (ADNOC), has agreed, in principle, to extend to 2040 its gas supply agreement with ADNOC LNG, in coordination with ADNOC LNG’s joint venture partners, Mitsui…
ADNOC to Boost Production Capacity
Abu Dhabi state-owned oil producer ADNOC plans to increase oil production capacity to 5 million barrels per day by 2030, the emirate's crown prince said in a tweet.Abu Dhabi's "Supreme Petroleum Council approved AED 486 billion ($132.3
Challenges in Decarbonizing Shipping Industry
DNV GL - Maritime has released its second Maritime Forecast to 2050, part of a suite of Energy Transition Outlook (ETO) reports launched today in London. The Forecast provides an independent…
Agreement Paves Way for South African Offshore Supply Base
South Africa’s first dedicated and customized facility supporting offshore oil and gas activities will be introduced at the Port of Saldanha. This follows the conclusion of an agreement between…
BP’s LNG Carrier Fleet is Growing
BP said it will take delivery of six new, state-of-the-art liquefied natural gas (LNG) tankers in 2018 and 2019 to support its expanding global LNG portfolio. BP’s finance partners KMarin and…
DNV GL's Tørstad Talks Energy Trends
When Elisabeth Tørstad took the helm as CEO of DNV GL - Oil & Gas in late 2013, the price of a barrel of NYMEX (WTI) crude oil was more than $100. Today, that price has been halved, and the…
Technip Takes 20% Stake in Vallourec Pipe Weld Unit
French oil services company Technip and Serimax, a welding subsidiary of steel pipe maker Vallourec have reached an agreement in which Technip will take a minority 20 percent stake in Serimax, the companies said.
Sound Energy Reports Progress On Moroccan, Italian Licences
Sound Energy, the European/Mediterranean focused upstream gas company, is pleased to provide the following update on its Moroccan and Italian gas portfolio. Further to the recently announced…
Rosneft, Alltech JV to Develop Gas Business
A Company of the Rosneft group and a company of the Alltech group finalized the creation of a joint venture (JV) for the scope of gas production and marketing projects’ development in the Nenets Autonomous District.
Sound Energy Confirms Badile Well Cost Reduction
Sound Energy, the Mediterranean focused upstream oil and gas company, is pleased to announce a significant reduction in the estimated cost of the forthcoming Badile exploration well. The Company…
Zohr Discovery Could end Egypt LNG Imports
Egypt hopes to stop importing LNG by 2020; Zohr has potential 30 trillion cubic feet (tcf) of gas. The huge Zohr natural gas field discovered by Eni off the coast of Egypt, could tip the country…
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…
Iran: Foreign Firms Can Develop its Oil & Gas Industry
Iran is inviting foreign investors to actively develop the OPEC member's energy industry after implementation of a historic nuclear deal reached between Iran and six global powers, deputy Oil…
Sound Oil Rejigs Top Deck
* Luca Madeddu, an existing director of the Company and currently Managing Director Italy will assume the role of Managing Director Morocco. Luca will relocate to Rabat and head a small but…
Sound Oil Negotiating farm-in to Tendrara Licence, Morocco
Sound Oil has been granted a 30 day period of exclusivity from the Moroccan Oil and Gas Investment Fund ("OGIF") in relation to a potential farm in to the Tendrara licence, onshore Morocco (the "Tendrara Licence").
Ruminating Cattle and Leaky Gas Pipelines
Supporters of natural gas promote it as a clean "bridge fuel" between the coal-and-oil dominated energy system of the present and the zero-emissions system of the future based on renewables and nuclear power.
Ziff Energy Announces Western Canada Oil & Gas Full-Cycle Cost Study
Ziff Energy has announced the launch of its Western Canada Oil & Gas Full-Cycle Cost Study. The study will provide granular detail on Western Canada full-cycle oil and gas costs as well as…
