Indonesia approves Eni's Geng Nord gas project development plan
SKK Migas, Indonesia's upstream oil-and-gas regulator, said Friday that Indonesia had approved the plan of developments (POD) of the first phase for Geng North, an Italian Eni gas field in the Makassar Strait.
New US Pipelines to Drive Natural Gas Boom as Exports Surge
U.S. energy firms are scrambling to finish a slew of pipelines that will unleash rich reserves of shale gas in Pennsylvania, West Virginia and Ohio as the nation prepares…
X-STERN Wins ‘Next Generation Ship Award’
The X-STERN solution from Ulstein was awarded the Next Generation Ship Award at the Nor-Shipping opening conference on June 2. Innovative ship design is the main criteria in the awarding of this prize.
As New England Freezes, Natural Gas Stays Cheap
What a difference a year makes. Twelve months ago, tumultuous weather in the U.S. Northeast caused record natural gas price spikes and forced some power plants to shut for…
Mass Layoffs Complicate Oil Industry's Long-Term Plans
"This is the really crappy part of the job, and this is what I hate about this industry frankly," the chief executive of oilfield services company Baker Hughes complained as he announced it would lay off 7…
ExxonMobil’s Sees Energy Demand Rising Steeply
Significant growth in the global middle class, expansion of emerging economies and an additional 2 billion people in the world will contribute to a 35 percent increase in energy demand by 2040…
G20 Targets New Global Energy Body
Leaders at the G20 Summit are seeking to lay the foundations for a new global energy trade regime to help ensure open markets and prevent oil and gas supplies being used as tools of foreign policy…
Gazprom: Japan Suggested Tokyo Gas Pipeline
Russia's top natural gas producer Gazprom is studying a suggestion from Japan to build an undersea gas pipeline to Tokyo. "We have an offer from the Japanese side. It is about a gas pipeline to Hokkaido and…
Pioneer Natural Resources to Double Condensate Exports
3rd U.S. condensate export cargo heading to Singapore; Pioneer expects exports to rise to 50,000 bpd next year. Eyes exports of bigger cargoes to reduce freight costs. Pioneer…
Oil Slips, Still Near 7-week High on Ukraine Crisis
Ukraine forces kill up to 5 rebels; Libya rebels say oil ports to stay shut unless govt action. Brent set for 3rd week of gains, longest since September and surplus global oil output capacity rises.
US 2014 Petroleum Production: Why Hubbert was Wrong
Combined production of crude oil, gas and condensates in the United States is on course to a hit a record this year, passing the previous peak set in 1972. The rise in output…
Update: Brent Dips on Weak Demand Outlook
Brent oil futures dipped towards $107 a barrel on Friday following a weaker outlook for 2014 global demand growth from the International Energy Agency and due to expectations…
