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Oil & Gas

Höegh LNG Doubles Profit

Oil & Gas
Hoegh LNG, a provider of floating liquefied natural gas (LNG) services under long-term contracts, reported a profit after tax of $ 44.98 million

ExxonMobil makes deepwater gas discovery off Cyprus

Oil & Gas
ExxonMobil has made a natural gas discovery with the Glaucus-1 well offshore southwest Cyprus.

INEOS to overhaul North Sea Forties pipeline

Oil & Gas
INEOS plans to spend £500 million ($665 million) on extending the life of the Forties Pipeline System  in the UK central North Sea into the 2040s.

Oil majors launch first oil and gas blockchain consortium in US

Oil & Gas
A group of major oil and gas companies have joined forces to establish the first industry blockchain consortium in the United States.

Teekay puts ethylene carriers into Lauritzen pool

Oil & Gas
Teekay LNG Partners has agreed a deal with Lauritzen Kosan, the gas carrier division of J. Lauritzen, to place its fleet of ethylene gas carriers

Seadrill awarded three rig contracts

Oil & Gas
John Fredriksen’s Seadrill has secured three new rig contracts with total value of around $89m

Sinanju and MOL sign up for Singaporean LNG bunker ship

Oil & Gas
Singapore-based bunkering shipowner and operator Sinanju Tankers Holdings has entered into a shipmanagement collaboration agreement with MOL

Marathon Oil Signs Agreement for Divestiture of U.K. Business

Oil & Gas
Marathon Oil Corporation announced today the Company has entered into a share purchase agreement through its subsidiaries for the sale of its U.K. businesses MOUK

Kenya attacks Somalia on offshore block auction over territorial dispute

Oil & Gas
Somalia is to give offshore blocks to oil companies that are interested, as part of its first offshore licensing round

BW LPG moves up the supply chain with new product services division

Oil & Gas
BW Group’s liquefied petroleum gas shipping unit BW LPG has established a product services division which will see the company providing full LPG delivery services

Norway gives Equinor safety order for not correcting non-conformities

Oil & Gas
PSA Norway has issued an order to Equinor after an audit of material handling and management of the working environment on Martin Linge A.

Wintershall, DEA merger on track

Oil & Gas
Wintershall and DEA aim to close their merger during the first half of this year, creating what they claim will be Europe’s largest independent gas and oil producer
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