Index News

 

Tullow Oil Gets $320M Ghana Ops Tax Exemption

Jan 06, 2025

Shares of Tullow Oil jumped over 14% on Friday after the West Africa-focused company was exempted from a $320 million tax on its Ghana operations.The International Chamber of Commerce (ICC) ruled that the Branch Profit Remittance Tax (BPRT) does not apply to the firm's operations in the Deepwater Tano and West Cape Three Points fields offshore Ghana, Tullow said on Thursday.Tullow has been struggling to pull up its profits after troubling performance at its flagship Jubilee field…

US Pipeline Operator Signs 20-Year LNG Agreement with Chevron

Dec 20, 2024

U.S. pipeline operator Energy Transfer said on Thursday its unit has entered a 20-year LNG sale and purchase agreement with oil and gas major Chevron.Under the agreement, the unit, Energy Transfer LNG, will supply 2.0 million tonnes per annum…

Santos Inks Mid-Term LNG Supply Deal with TotalEnergies

Oct 02, 2024

Australian gas supplier Santos has signed a mid-term LNG supply contract with TotalEnergies’s Singapore subsidiary, TotalEnergies Gas & Power Asia.The contract is to supply 20 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per year over a period of 3 years plus one quarter…

TotalEnergies Signs LNG Supply Deal with South Korea’s HD Hyundai Chemical

Sep 24, 2024

TotalEnergies has signed a Heads of Agreement (HoA) with HD Hyundai Chemical for the delivery of 200,000 tons of liquefied natural gas (LNG) per year for seven years starting from 2027.Thanks to this agreement, with prices indexed both to Brent and Henry Hub…

Santos Pens Mid-Term LNG Supply Deal

Sep 05, 2024

Australian oil and gas major Santos has signed a mid-term LNG supply contract with Glencore Singapore.The contract is to supply 19 LNG cargoes, or up to approximately 0.5 million tonnes of LNG per annum over a period of three years plus one quarter…

Namibian Oil Discoveries Send Asset Demand Soaring

Aug 29, 2024

The discovery of increased reserves of crude oil in Namibia has sparked interest in Namibian assets, with an index fund tracking local government bonds poised for its biggest annual jump on record.The Exchange Traded Fund tracking local government…

Portuguese Firm Inks Deal for Access to US LNG

Aug 05, 2024

Portuguese oil and gas company Galp has signed a sales and purchase agreement (SPA) with liquefied natural gas (LNG) producer and exporter Cheniere for access to U.S. LNG.The agreement includes a 20-year 0.5 mtpa delivery contingent to FID of…

Renewable Energy Funds See Outflows on Concerns Over Growth, Policies

Apr 10, 2024

Global investors are increasingly moving away from the renewable energy sector funds this year due to concerns over the sector's growth prospects and uncertainty over policies in a U.S. election year, fund data show.Renewable energy sector funds witnessed steady inflows in the past few years…

DNV Confirms Energy Efficiency Gains for LNG Carries with DFE+ Propulsion

Feb 06, 2024

New Dual Fuel, Electric+ (DFE+) concept, developed by ABB and MAN Energy Solutions, has been recognized by DNV as a more energy efficient alternative to current conventional designs for liquefied natural gas (LNG) carriers.DNV has quantified…

Marathon Oil Signs Deal with Glencore for Alba Gas in Equatorial Guinea

Oct 17, 2023

Marathon Oil said on Monday it has entered into a five-year liquefied natural gas (LNG) sales agreement with a unit of Glencore for a portion of its natural gas produced from the Alba Field in Equatorial Guinea, boosting its presence in the European LNG market…

Mexico's Pemex to Lose Some 100,000 bpd of Crude this Month after Deadly Platform Fire

Jul 12, 2023

Mexico's state oil company Petroleos Mexicanos will see its crude output reduced by some 100,000 barrels per day (bpd) until the beginning of August after a massive fire on Friday at an offshore platform, a top company source said.The reduced production implies that…

World's First 16MW Offshore Wind Turbine Installed Offshore China

Jun 29, 2023

China Three Gorges Corporation said Wednesday it had installed the world's first 16MW offshore wind turbine, off the coast of Fujian, China.The news was also confirmed by the wind turbine maker Goldwind, which said: “On June 28, Goldwind successfully…

Petrobras Must Prepare for 'Unavoidable' Energy Transition, CEO says

Mar 02, 2023

The chief executive of Brazilian state-run oil company Petrobras said on Thursday the company must prepare for an 'unavoidable' energy transition and wants to play a leading role in it. Jean Paul Prates highlighted in a conference call with…

Diesel Consumption to Fall with US Manufacturing Downturn

Jan 06, 2023

U.S. manufacturers reported business activity declined for the second month running in December and the sector appears to be on the leading edge of a recession. The slowdown in manufacturing and freight has already dampened consumption of diesel and other distillate fuel oils…

RightShip’s GHG Rating: EEXI, EVDI and EEDI, All In One

Nov 03, 2022

RightShip is pressing ahead with its zero-harm vision for the maritime industry by evolving its GHG Rating to incorporate new regulations being introduced by the International Maritime Organization (IMO) in 2023.In Q1 of 2023, the GHG Rating…

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