Energy

Update: LOOP Terminal Shutdown

LOOP's Offshore Marine Terminal suspended its crude oil offloading operations on August 13 while investigating an oil sheen discovered along the pipeline. According to the terminal,

GoM Sale Yields $110m in High Bids

As part of President Obama’s all-of-the-above energy strategy to continue to expand safe and responsible domestic energy production, today’s Western Gulf of Mexico Lease Sale 238 attracted $109,

Ohio River Reopens as Oil Spill Clean-up Progresses

A 15-mile section of the Ohio River was reopened for limited traffic on Wednesday as clean-up of a 5,000-gallon fuel oil spill continued, the U.S. Coast Guard said on Wednesday.

BP Hires Head of US Shale Unit before Spin-off

Oil major BP has appointed a chief executive to look after its U.S. onshore oil and gas assets, months ahead of its plan to spin off the business to boost the profitability

Traders Store Crude for Profit as Contango Takes Hold

Oil traders have begun fixing tankers to take North Sea, West African and Arab crudes to South Africa for storage, hoping for a repeat of the multimillion dollar bonanza they reaped in 2008-2009.

Eaton Joins the CWind Executive Team

CWind, a provider of integrated services to the offshore wind industry, announced it has appointed Jemma Eaton to the board of directors as Commercial Director.

Gas Flows To Millions in Thailand While Pipeline Repaired

Responsible for providing Thailand with 20 percent of its annual natural gas supply, PTT Exploration and Production Public Company Limited (PTTEP) works hard to

Drum Cussac Training O&G Supply Entrepreneurs

Drum Cussac is helping Tanzania's budding entrepreneurs cater to the requirements of the international oil and gas companies operating in the country, as part of

US Crude Stocks Fall, but Cushing Jumps Back

U.S. crude stocks fell last week as refineries boosted output and imports dropped, while gasoline stocks increased and distillate inventories fell, data from the

MacArtney Sells First LISST to DNV

Det Norske Veritas (DNV) has recently taken delivery of a LISST-Deep laser particle sizer to be applied for oil, gas and mining industry related monitoring. This

Reliance to Source Ethane from US

India's Reliance Industries Ltd said it will source 1.5 million metric tons of ethane a year from the United States as feedstock for its crackers in India. The

Tanker Carrying Kurdish Oil Reappears Unladen off Israel

A tanker carrying crude oil from Iraqi Kurdistan reappeared unladen on Aug. 19 about 30 kilometres off the coast of Israel, ship tracking data on Reuters showed.

Wireline Engineering Host Specialist Training

Aberdeen-based wireline and well intervention technology specialist Wireline Engineering has increased its support for North Sea customers by offering an operational

Prompt Prices up on German Wind Power Output Drop

European spot power prices rose on Wednesday, boosted by forecasts for a drop in German wind power output. German day-ahead baseload for Thursday delivery rose by 4.

Topaz Secures $75m Investment from SCPE

Topaz Energy and Marine, an offshore support vessel company with primary operations in the Caspian, Middle East, West Africa and Subsea operations in the North Sea and Gulf of Mexico,

Low Wind Lifts Spot Prices as Hungary Remains at Premium

Central European day ahead power gained on Wednesday on expectations for low wind generation levels in the region as limited exports kept Hungarian spot prices at a premium, traders said.

Refiners Seek Jones Act Workarounds as Crude Export Debate Heats Up

As the first U.S. oil condensate exports head to Asia from the Gulf Coast, crude producers and refiners are exploring ways to get around a century-old law that

Seath Takes Over as Decom North Sea GM

Decom North Sea (DNS) announced that Karen Seath will join the organization in September, in the role of General Manager. With the total cost of UKCS decommissioning

Russia Sanctions Could Slow Norwegian Arctic Exploration

Western sanctions against Russia may slow down exploration for oil and gas on both the Norwegian and Russian side of the Arctic Barents Sea, lobby group Norwegian Oil & Gas told Reuters on Wednesday.

Pipeline Corrosion Shutters Statoil's Troll C Platform

Norway's Statoil shut oil and gas production at its Troll C platform in the North Sea after inspections found corrosion damage on a pipeline, the company said in

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