Industry News

Gazprom Seeks Bigger Share of European Gas Market after Record Exports

Russia's Gazprom is looking to gain an even larger gas market share in Europe following record-high 2018 exports, expecting a decline in Europe's gas output combined with rising demand.

ADNOC awards $1.36 billion contract for construction of Ghasha Concession Artificial Islands

The Abu Dhabi National Oil Company (ADNOC) announced, the award of a dredging, land reclamation and marine construction contract to build multiple artificial islands in the first phase of development of the Ghasha Concession.

ExxonMobil, Hess have made two new discoveries offshore Guyana

Hess Corporation has announced positive results from the Tilapia-1 and Haimara-1 wells offshore Guyana, bringing the total number of discoveries on the Stabroek Block to 12.

Seadrill signs new JV with Sonangol, Angola

Seadrill Limited has announced that it has entered into a 50:50 joint venture with Empresa de Serviços e Sondagens de Angola Ltda, an affiliate of Sonangol E.P.

Aker BP has made a discover at Froskelår

Aker BP is currently drilling exploration well 24/9-14 on the Froskelår Main prospect. The well has encountered oil and gas.

Rosneft increased its proven hydrocarbon reserves by 4% in 2018

As of Dec. 31, 2018, Rosneft SEC's proven hydrocarbon reserves were 41,431 MMboe (5,597 MMtoe).

Tiny Guyana could soon pump more oil than OPEC member Venezuela

Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years.

Anadarko has made an LNG sale and puchase agreement with Tokyo Gas and Centrica

Anadarko Petroleum Corporation has announced Mozambique LNG1 Company Pte. Ltd., the jointly owned sales entity of the Mozambique Area 1 co-venturers, has signed a sale and purchase agreement (SPA) with Tokyo Gas Co., Ltd. (Tokyo Gas) and Centrica LNG Company Ltd., a subsidiary of Centrica plc (Centrica) for the long-term supply of LNG.

Noble, Apache, Diamondback affiliates buy stakes in EPIC pipelines

Noble Midstream Partners exercised its option for a 30% equity stake in the EPIC Crude Pipeline Project and a 15% equity stake in the EPIC NGL Pipeline. EPIC also said an Altus Midstream subsidiary and Diamondback Energy's Rattler Midstream subsidiary exercised options for 15% and 10%, respectively, in the EPIC Crude Pipeline.

Political tensions dent Comoros energy ambitions

Indian Ocean nation hopes to repeat the offshore successes of neighbouring Mozambique

US coal-fired power generation faces competition

The evolution of northeast US gas marketing may further cut capacity

Tokyo Gas CEO says to step up overseas LNG investment

Japanese gas distributor Tokyo Gas will target investment in overseas infrastructure projects in liquefied natural gas (LNG) and renewable energy to boost its offshore earnings, its chief executive said.

U.S. energy-related CO2 emissions increased in 2018 but will likely fall in 2019 and 2020

According to EIA’s recently released Short-Term Energy Outlook (STEO) estimates, energy-related carbon dioxide (CO2) emissions increased by 2.8% in 2018 but will decrease in 2019 and 2020. The 2018 increase is the largest in energy-related CO2 emissions since 2010.

Air Products to expand nitrogen supply

Air Products announced it has been awarded additional on-site nitrogen supply by one of its stratetic global customers, who is among the world’s largest manufacturers of electronic components, for its new production line in Binhai New Area, Tianjin, China.

Mexico's Pemex to oversee 'restricted auction' for new refinery

Mexican national oil company Pemex will oversee the process to pick the company that will build a new multibillion-dollar oil refinery in the southern Gulf Coast state of Tabasco, Energy Minister Rocio Nahle said.

Union says time running out for new refinery contract

The United Steelworkers union (USW) warned on Tuesday that time was running out to reach a new national agreement for U.S. refinery and chemical plant workers before the current pact expires on Friday, sources familiar with the talks said.