May 22, 2018

NEW YORK (Bloomberg) -- China’s appetite for U.S. liquefied natural gas may be about to get a lot bigger after the two nations agreed to pull back from the brink of a trade war.

If China makes a substantial commitment to buying U.S. LNG, it could bring $30 billion back...

May 22, 2018

Chattanooga, Tenn. – ASHCOR LLC announced the public launch of its High Pressure Low Pressure (HPLP) flare system for primary use in upstream oil and gas applications. The HPLP flare system allows operators to combust dual high-pressure and low-pressure gas streams in...

May 22, 2018

TOKYO and NEW YORK (Bloomberg) -- Oil extended its three-year high as a new wave of U.S. sanctions on Venezuela stoked concerns over its crude production and as analysts forecast further declines in American stockpiles.

Futures in New York added as much as 0.7% after Do...

May 22, 2018

STAVANGER -- The Norwegian Petroleum Directorate has granted Aker BP ASA a drilling permit for well 25/4-12 S and well 25/4-12 A, cf. Section 15 of the Resource Management Regulations. 

Well 25/4-12 S and well 25/4-12 A will be drilled from the Deepsea Stavanger drill...

May 22, 2018

TOKYO (Bloomberg) -- Santos Ltd. rejected Harbour Energy Ltd.’s $10.9-billion final offer and terminated talks, saying its proposal was too low and too risky.

The Australian oil and gas producer said Tuesday its independent directors, managing director and chi...

May 22, 2018

OSLO (Bloomberg) -- Norway’s $1-trillion sovereign wealth fund cleared a hurdle on its proposed path to exiting oil and gas stocks.

The fund won support from key academics at Norway’s top universities, whose responses are part of a hearing process. But more weight will...

May 21, 2018

Abu Dhabi, UAE – A delegation from the Abu Dhabi National Oil Company (ADNOC) attended, a special event at the Karnataka oil storage facility, in the Indian city of Mangalore, to celebrate the unloading of the first cargo of ADNOC crude oil sent to the Indian Strategic...

May 20, 2018

ABU DHABI and LONDON (Bloomberg) -- The recent surge in oil prices is poised to boost global assets as crude-producing states deploy replenished stashes of petrodollars, according to a growing chorus of analysts.

It’s the potential reversal of part of the global "quanti...

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