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Energy

Saudi Aramco to Buy LNG from US

Image: Sempra Energy

Saudi Arabia’s state owned oil company Saudi Aramco will buy 5 million tons of liquid natural gas per year(LNG) from the U.S. company Sempra Energy, based in San Diego under a 20 year agreement.The heads of agreement (HOA) between the companies anticipates the negotiation and finalization of a

U.S. Shale Oil Production to Grow 16%

Graph: Rystad Energy

United States shale operators are on track to increase oil production by 16 percent in 2019, according to analysis by energy research firm Rystad Energy.The growth in US onshore production from the first quarter through the fourth quarter could come in at around 1.1-1.2 million barrels per day (bpd),

Novatek in Arctic LNG 2 Deal with TechnipFMC

Image: Novatek

Russian largest independent gas producer and liquefied natural gas (LNG) player Novatek signed a deal with TechnipFMC for its Arctic LNG 2 project.The contract was signed on engineering, procurement, supply, construction and commissioning (EPC) of an integrated liquefied natural gas facility with an annual liquefaction capacity of 19.

Statfjord Loadings Resume After Leak

(Photo: Harald Pettersen / Equinor)

Equinor has resumed crude oil loadings from its Statfjord field in the North Sea following a spill last week, the Norwegian oil and gas company said on Monday.Production from Statfjord remains unaffected, and the offloading of crude is now taking place from an alternative buoy on the field, it added.

Eni Extends Algeria Gas Contract

Image: Sonatrach Petroleum Corporation

Italian multinational oil and gas company Eni announced that it had signed agreements with Algerian state-owned Sonatrach to extend its gas supply pact.The agreement covers almost 15% of the gas imported into Italy. The agreement extends the 40-year partnership until 2027, with the option of extending an additional two years to 2029.

Sapura Bags Five Contracts

Image: Sapura Energy

Malaysian integrated oil and gas services company Sapura Energy Berhad has been awarded five new contracts valued at approximately RM1.3 billion ($US311 million).All five contracts have been awarded to the Sapura’s wholly owned subsidiaries, with works to take place in Malaysia, Indonesia, Australia and the Gulf of Suez.

DNO Completes $400mln Bond Placement

Image: DNO ASA

The Norwegian oil and gas operator focused on the Middle East and the North Sea, DNO ASA said it has completed the private placement of USD 400 million of new, five-year senior unsecured bonds with a coupon rate of 8.375 percent.The bond placement received strong investor demand across international markets and was oversubscribed,

Simec Inks Technology Partnership with GE

Pic: Simec Atlantis Energy

Simec Atlantis Energy is set to team up with General Electric (GE) to develop the world's largest tidal stream turbine.According to a press release from Simec, its Atlantis Turbine and Engineering Services (ATES) division will enter into a Technology Partnership and Preferred Supplier Agreement

Energy Firms Lack in Digital Skills: DNV GL

Pic: DNV GL

91% of energy companies say digital skills training is needed, data science and big data analytics identified as most important digital skillsets & 65% of organizations need employees with creative problem-solving competence in their workforce.A lack of digital skills and internal barriers related

Statfjord Loading Still Shut After Spill -Equinor

(Photo: Harald Pettersen / Equinor)

Equinor has still not identified the source of an oil spill at its Statfjord field in the North Sea, and the loading of crude onto tankers remains shut, the Norwegian company told Reuters on Thursday.The leakage consisted of "small observations" of oil on the surface of the ocean, an Equinor spokesman said.

KBR Awarded FEED Contract for Oman LNG

Image: Oman LNG

American engineering company KBR announced  it has been awarded a Front End Engineering Design (FEED) contract by Oman LNG L.L.C for the debottlenecking of their facility at Sur in the Sultanate of Oman.Under the terms of the contract, KBR will provide FEED services for the debottlenecking project

Cameron LNG Begins Production

Image: NYK

The Cameron LNG project has achieved first liquefied natural gas (LNG) production from train 1. The project will begin exports in the coming weeks.The project is operated by Cameron LNG LLC jointly owned by Sempra Energy (50.2%), Total (16.6%), Mitsui & Co., Ltd. (16.6%) and Mitsubishi/NYK (16.6%).

Global Energy Investment Totals $1.8trln in 2018

Pic: International Energy Agency

Global energy investment totalled more than USD 1.8 trillion in 2018, a level similar to 2017, said the International Energy Agency (IEA).The investment stabilised in 2018, ending three consecutive years of decline, as capital spending on oil, gas and coal supply bounced back while investment stalled for energy efficiency and renewables.

Anadarko Signs LNG Supply Deal with JERA, CPC

Image: Anadarko

US hydrocarbon exploration company Anadarko has signed a Sale and Purchase Agreement (SPA) with Japanese power company JERA and Taiwanese oil and gas company CPC.The SPA calls for the delivered ex-ship supply of 1.6 million tonnes per annum (MTPA) for a base term of 17 years from the commercial start date.

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