Daily Archives: November 19, 2015

Endesa Signs to Supply CityLogistics Fleet in Lyon

Rate this article By NGV Global Endesa, a major energy provider in Spain and Portugal, has signed an 8-year agreement with the French transport company CityLogistics to supply vehicular natural gas and renewable natural gas (biomethane) for the company’s entire fleet of vehicles in Lyon, a city in France’s Rhône-Alpes region. The use of Compressed…

China slashes natural gas prices

Rate this article China has cut natural gas prices almost 30%, with further reductions negotiable. LNG exporters will welcome the return of a major buyer, while domestic producers will be less happy. Read Full Article Here For more great articles: Petroleum Economist

Bergen Group’s 3Q loss deepens

Rate this article By Offshore Energy Today Bergen Group, a Norwegian provider of services to marine and offshore oil and gas industries, posted a NOK 72 million loss for the third quarter of 2015. The loss widened compared to a NOK 43.7 million loss in the same quarter a year ago. Also, the company recorded…

ATP Oil & Gas to pay $41.85 million to settle federal charges

Rate this article Houston independent ATP Oil & Gas Corp., which went bankrupt in 2012, agreed to pay $41.85 million in fines to settle federal charges that it discharged crude oil and chemicals from its floating production platform into the Gulf of Mexico, federal officials reported. Read Full Article Here For more great articles: Oil…

Norway: Downturn in O&G investments to reverse in 2017?

Rate this article By Offshore Energy Today Investment on the Norwegian continental shelf (NCS) will continue to decline in 2016 and 2017. Work currently under way in the companies will of itself reduce capital spending by cutting costs in individual projects. The downturn is expected to reverse in 2017, with investment rising substantially in 2018…

Saddlehorn, Grand Mesa combine DJ-basin crude pipelines

Rate this article Saddlehorn Pipeline Co. LLC is combining projects with Grand Mesa Pipeline LLC for construction of a 20-in. OD undivided joint interest pipeline beginning about 20 miles north of Saddlehorn’s Platteville, Colo., origin at a junction near Grand Mesa’s Lucerne, Colo., starting point. The pipeline will deliver various grades of crude Read Full…