China took a major step in the reform of its national oil and gas pipeline network, with newly formed PipeChina agreeing to buy pipelines and storage facilities valued at 391.4 billion yuan ($55.9 billion).Under the deal, PipeChina, known formally as China Oil and Gas Pipeline Network…
The Norwegian Export Credit Guarantee Agency GIEK has quadrupled its offshore wind portfolio to NOK 4.2bn (USD 453m) since the tail end of last year, and is ready to provide a further boost for local suppliers to secure more offshore wind business internationally…
U.S. oil major Chevron has agreed to buy Noble Energy, in an all-stock transaction valued at $5 billion, or $10.38 per share. Based on Chevron’s closing price on July 17, 2020 and under the terms of the agreement, Noble Energy shareholders will receive 0…
Oil prices fell more than 2% on Tuesday on worries that new clampdowns on businesses to stem surging U.S. coronavirus cases could threaten fuel demand recovery and expectations that OPEC+ might ease output cuts from August in an upcoming meeting…
Norwegian oil company OKEA has agreed to buy Equinor's stake in the Aurora gas discovery in the North Sea, offshore Norway for an undisclosed amount.OKEA will acquire Equinor’s 40% operated working interest in PL195 and PL195 B, which contain the Aurora discovery…
Poland laid out plans on Tuesday to merge four of its largest energy groups in a move the government hopes will create a player able to compete in international oil, gas and electricity markets.PKN Orlen, the country's largest refiner on Tuesday…
Ireland's Kinsale area offshore gas fields in the Celtic Sea have officially ceased production, after more than 40 years online.The news of production cessation from the gas fields was shared by the operator PSE Kinsale Energy, a subsidiary of Malaysia's Petronas…
Malaysian offshore services provider Icon Offshore is looking to buy the Perisai Pacific 101 offshore drilling rig from Perisai Petroleum Teknologi.Icon Offshore said Monday it was in negotiations with Perisai and its subsidiaries in relation…
Oil majors Eni and Royal Dutch Shell were aware that most of the money they spent to buy a Nigerian oilfield in 2011 would go in corrupt payments to politicians and officials, a prosecutor said on Thursday.'They were kickbacks. And Eni and Shell knew it…
Brazil's Petrobras said that its platforms P-74, P-75, P-76 and P-77 located in the deepwater Buzios oil field, the largest in the world, achieved record production levels on June 27, totaling 664,000 bpd and 822,000 boed.The oil company said it sold 764…
As the maritime world continues to turn to digital technologies to help maintain business operations amid the coronavirus pandemic, Kongsberg Maritime is planning to digital platforms to ramp up remote delivery of targeted training.The Norwegian…
Oil prices inched up on Friday as the bullish impetus from signs of fuel demand recovery was kept in check by a rising number of new coronavirus cases in the United States and China and tentative expectations of U.S. output ticking up.Brent crude futures were 40 cents higher at $41…
China National Offshore Oil Corp, or CNOOC, has agreed to buy from Royal Dutch Shell two cargoes of liquefied natural gas with offset carbon emissions, marking China's first gas imports of this kind, said the Shanghai Oil and Gas Exchange.CNOOC…
U.S. Gulf of Mexico-focused oil company LLOG Exploration Offshore will tie back its Taggart development to midstream operator Williams' Devils Tower Spar offshore platform.Williams said Wednesday it would provide offshore natural gas and oil…
Asia's largest energy industry gathering, the Asia Pacific Petroleum Conference will this year take place virtually because of the coronavirus pandemic, S&P Platts said on Thursday.The conference will be held from Sept. 14 to Sept. 16, Platts said in a statement…
Subscribe
