An oil guard official appointed by Libya’s UN-backed government says he has been tasked with protecting oil ports by an armed faction that took over Es Sider and Ras Lanuf terminals last week.
Read Full Article Here
Italian gas grid company Snam expects net profits to grow by 4% a year to 2021 boosted by cost savings and increased investments.
Read Full Article Here
Shell Oil Co, the U.S. unit of Royal Dutch Shell Plc, expects to divide the refineries and other assets of its Motiva Enterprises venture with co-owner Saudi Aramco in Q2.
Read Full Article Here
Russian President Vladimir Putin and Turkish President Tayyip Erdogan will discuss the TurkStream gas pipeline and the Akkuyu nuclear plant when they meet in Moscow on Friday.
Read Full Article Here
Russian gas producer Gazprom says French Credit Agricole CIB has agreed to give it a loan of 700 million euros ($739.8 million) for 5 years.
Read Full Article Here
OPEC crude exports average 25.32 million barrels per day (bpd) in February, 1.72 million bpd higher compared to January levels, according to the latest research and forecasts report from Reuters.
Read Full Article Here
Confidence is slowly returning to the UK Continental Shelf (UKCS) following an intensive 2-year drive to improve efficiency, streamline costs and boost productivity, Oil & Gas UK says.
Read Full Article Here
Cairn Energy plc announces that multiple samples of oil and gas have been recovered at the SNE-5 appraisal well offshore Senegal.
Read Full Article Here
Saudi Arabia is likely to reduce the amount of oil it burns to generate power this summer as the kingdom hikes domestic energy prices and uses more natural gas in power stations.
Read Full Article Here
Wenaas Workwear, in collaboration with Norwegian research institution SINTEF, will launch a new generation of ‘game-changing’ workwear in April.
Read Full Article Here
Oil bigwigs should take a step back before becoming too comfortable with the new oil price range according to Fitch Ratings’ newest market analysis. “The recovery in US drilling activity will drive up shale oil production in the second half of 2017, offsetting a portion of recent oil price gains,” the credit rating agency’s report released on Monday says. “We therefore expect average oil prices for the year to be below those in January and February.” In a stable market scenario, Fitch estimates that by the end…
Read Full Article Here
By 2020, the limited exploratory capital expenditures of the past two and a half years will make meeting global oil demand difficult, according to a report by the International Energy Agency on Monday. Growing global demand paired with a contraction in new oil projects in 2015 and 2016 will cause a “supply crunch” if new projects do not get approved soon, according to the five-year outlook included in the “Oil 2017” report. A majority of short-term supply growth will come from American shale producers set to increase output…
Read Full Article Here
Royal Dutch Shell fears that reopening a pipeline in Nigeria will cause local separatist groups to re-bomb the facility for a third time, according to reports emerging from the area. The Trans Forcados Pipeline, which takes 400,000 barrels to the Forcados export terminal every day, has been out-of-operation for all but three weeks in the past year, according to risk analysis published by SBM intelligence on Friday. Previously, militants dove underwater to install bombs near the section of the pipeline in the Atlantic Ocean that they aimed to destroy.…
Read Full Article Here
Iran and South Africa have agreed to start a feasibility study on building a gas to liquids (GTL) conversion plant in Iran with a capacity of 50,000 barrels, Iranian media report after South Africa’s Energy Minister Tina Joemat-Pettersson visited Tehran for energy talks. Iranian Deputy Oil Minister Marzieh Shahdaei and Joemat-Pettersson decided to proceed with finalization of the talks between Iran’s Research Institute of Petroleum Industry and a South African company to build a GTL plant in Iran, semi-official Fars news agency reported…
Read Full Article Here
What do wealthy activists do now that their #ExxonKnew campaign has failed? Choose another oil company to target, apparently. But the sequel is never as good as the original – and in this case, the original was never very good, either.
Last week, The Guardian – the UK “newspaper” that teamed up with 350.org’s Bill McKibben on failed divestment campaigns and credits itself with having started the Keep it in the Ground movement – reported on a video posted by a Dutch blogger, Jelmer Mommers, which reportedly shows Shell “knew” about climate change more than two decades ago. But then –
Read Full Article Here