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Month: April 2019

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Petronas, Malaysia’s oil giant, looks to Americas to increase oil reserves

Petronas, Malaysia’s oil giant, looks to Americas to increase oil reserves

Malaysia’s state-owned oil company is banking on the Americas to help raise reserves. Petronas had acquired a Singapore-based solar energy company. Petronas has supplied its first liquefied natural gas (LNG) cargo to a marine-fuel vessel. MALAYSIAN state-owned energy firm Petroliam Nasional Berhad is looking to expand its core business portfolio. Malaysia’s Petrolium Nasional Berhad, or...

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Orbital Gas Systems showcases new technologies at open house

Orbital Gas Systems showcases new technologies at open house

Orbital Gas Systems, a wholly-owned energy subsidiary of CUI Global, Inc. Orbital Gas Systems will host multiple technical training sessions in China. Orbital Gas Systems announced that it has received orders for its GasPTi-F product. Company announced the commercialization of its new Visually Integrated Remote Telemetry Unit (VIRTU) in the UK. Orbital Gas Systems has...

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Oil price Monday 29th of April 2019

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2019-04-29 2.0975 2.1005 2.0742 2.0846 0.0178 2.0828 23859 18201 Crude Oil...

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Saudi Taqa has purchased Schlumberger’s Middle Eastern drilling business for $1.2 billion

Saudi Taqa has purchased Schlumberger’s Middle Eastern drilling business for $1.2 billion

A Saudi Arabian oilfield services company backed by the country’s sovereign wealth. Schlumberger announced the early participation results of a private offer. The offer is referred to herein as the “Exchange Offer”. Schlumberger company has been awarded an engineering, procurement and construction (EPC). Schlumberger Limited will hold a conference call soon. Schlumberger introduced Concert well...

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Noia questions provincial parties in offshore oil & gas policies

Noia questions provincial parties in offshore oil & gas policies

Noia has issued a letter to the leaders of the four political parties seeking their position. Noia CEO Charlene Johnson appeared before the Standing Senate Committee on Energy. Noia remembers the victims of the tragic event. Noia, the Newfoundland Growlers and St. John’s Edge are excited to announce a collaborative effort. Noia was pleased to...

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Aramco sells first LNG as oil giant expands into liquid gas market

Aramco sells first LNG as oil giant expands into liquid gas market

Aramo is the world’s biggest oil exporter. The Saudi Arabian Oil Company (Saudi Aramco) is to acquire Shell Saudi Arabia Refining Limited’s 50% share. More than 600 upcoming Saudi Arabia construction projects worth $130 billion. Aramco announced that company have reached an agreement for subsidiary. Saudi Arabian Oil Company announced that it has priced an...

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Chevron beats earnings estimates with cuts to operating expenses

Chevron beats earnings estimates with cuts to operating expenses

Chevron beat analysts’ estimates for the first quarter. Chevron Corporation reported earnings of $2.6 billion per share. The Supreme Court of the Netherlands has ruled in favor of Chevron Corporation (NYSE: CVX). Chevron Corporation (NYSE: CVX) announced that it has entered into a definitive agreement with Anadarko Petroleum Corporation. Chevron Corporation (NYSE: CVX) announced expectations...

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Oil price Friday 26th of April 2019

RBOB Gasoline Physical Futures, Continuous Contract #1 (RB1) (Front Month) Historical Futures Prices: RBOB Gasoline Physical Futures, Continuous Contract #1. Non-adjusted price based on spot-month continuous contract calculations. Raw data from CME. Date Open High Low Last Change Settle Volume Previous Day Open Interest 2019-04-26 2.1298 2.1369 2.0635 2.0831 0.0315 2.1006 26201 26374 Crude Oil...

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Nigeria plans to double crude oil production, triple refining in bid for self-reliance

Nigeria plans to double crude oil production, triple refining in bid for self-reliance

Nigeria plans to almost double oil production and triple its refining capacity by 2025. Nigeria and Saudi Arabia has over the decades enjoyed a robust bilateral relationship with the Nigerian delegation. The Saudi Energy Minister communicated the blessings of the King of Saudi Arabia. The Nigerian National Petroleum Corporation (NNPC) says it has no plans...

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CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project

CNOOC Limited signs agreement with JSC Novatek for the Arctic LNG 2 project

CNOOC Limited has announced that the company has signed a heads of agreement with JSC Novatek. CNOOC Limited announced its key operational statistics for the first quarter of 2019. CNOOC Limited announced that its subsidiary, CNOOC China Limited, has signed a Petroleum Contract with PetroChina Company Limited. has filed with the United States Securities and...

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