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Shell projects bright future for LNG beyond short-term pricing challenges

Shell projects bright future for LNG beyond short-term pricing challenges

Global demand for LNG grew by 12.5% to 359 million tons in 2019, according to Shell’s latest annual LNG Outlook. This is an update to the fourth quarter 2019 outlook provided in the third quarter results announcement on October 31, 2019. Royal Dutch Shell plc (“Shell”) today announces that it will introduce the option for...

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ADNOC, Pertamina ink partnership for Indonesian infrastructure and LNG supply

ADNOC, Pertamina ink partnership for Indonesian infrastructure and LNG supply

Pertamina and ADNOC signed a Memorandum of Understanding (MoU). Company discuss critical issues facing the energy sector in a world that needs more energy but demands fewer emissions. Company announced a significant investment to upgrade its giant Bab onshore field. It explore potential development of a crude to petrochemicals complex in Balongan. Company announced its...

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McDermott in talks with lenders to file bankruptcy

McDermott in talks with lenders to file bankruptcy

McDermott International shares fell for a second day after reports that the company is negotiating. Project team remains focused on safety and quality performance. McDermott’s Lummus Technology will upgrade existing unit for production of higher value products utilizing Indmax FCC. Technology award for Next Wave Energy Partners, LP grassroots alkylate production facility in Pasadena, Texas....

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Honeywell acquires intelligent-gas-monitor maker Rebellion Photonics

Honeywell acquires intelligent-gas-monitor maker Rebellion Photonics

Honeywell has acquired Rebellion Photonics, a Houston-based provider of intelligent, visual gas monitoring solutions. A company led by former Honeywell International Inc (HON.N) chief executive David Cote. Diversified manufacturer Honeywell International Inc fell short of Wall Street estimates for quarterly revenue. Kuwait Integrated Petroleum Industries Co (KIPIC) has appointed a unit of U.S. multinational Honeywell...

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Shell says it’ll stay in Canada while other oil majors flee

Shell says it’ll stay in Canada while other oil majors flee

Royal Dutch Shell is reassuring investors, workers, and anyone else who will listen that it’s the international oil major. Consortium announces oil and gas production start at P-68 FPSO located at BM-S-11-A concession in Berbigão, Sururu. Royal Dutch Shell plc announces the commencement of trading in the next tranche of its share buyback programme. Shell’s...

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Santos targets LNG growth with $1.4 billion ConocoPhillips deal

Santos targets LNG growth with $1.4 billion ConocoPhillips deal

Santos Ltd. agreed to buy ConocoPhillips’ northern Australia business for $1.4 billion in a deal. ConocoPhillips (NYSE: COP) today announced an increase in its quarterly dividend of 38 percent. ConocoPhillips (NYSE: COP) today completed its previously announced transaction. Company will boost the Adelaide-based oil and gas producer’s position in the growing Asian liquefied natural gas...

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Canadian petroleum agency approves Hibernia platform restart following spill

Canadian petroleum agency approves Hibernia platform restart following spill

The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) issued approval to Hibernia Management. Today’s fiscal framework for natural gas development in British Columbia is a critical step to create a global. Global Energy Monitor published a misleading report titled. The Government of Canada’s new approval to build the Trans Mountain Expansion Project. Canada’s oil sector...

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Chevron warns future Venezuela events may hurt earnings

Chevron warns future Venezuela events may hurt earnings

The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American. Chevron U.S.A. Inc. has awarded Schlumberger subsidiary OneSubsea a 20-year subsea equipment. Chevron Corp. is seeking approval to modify its plans for a liquefied natural gas export facility. Chevron U.S.A. Inc. has completed its $350 million acquisition of...

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Saipem to establish a spoolbase in the US Gulf of Mexico

Saipem to establish a spoolbase in the US Gulf of Mexico

Saipem will establish a spoolbase on Greenwood Island, Pascagoula, Mississippi. Saipem has reached an agreement with Technip France SA. Saipem informed that, on that same date, the Tribunal of Algiers had pronounced a first instance judgment. Company serving as a highly specialized site designed to provide support for vessels performing pipelay activities. Saipem has been...

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ADNOC and Petramina expand partnership exploring new upstream, downstream opportunities

ADNOC and Petramina expand partnership exploring new upstream, downstream opportunities

The Abu Dhabi National Oil Company (ADNOC) signed a Comprehensive Strategic Framework. Abu Dhabi National Oil Company (ADNOC) met with Excellency Alexander Novak. The Korea National Oil Company (KNOC) and GS Energy one of ADNOC’s youngest operating companies. The discussions coincided with a joint visit to review the progress of the over US$ 30 billion....

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