Tagged Crude Oil

AOT Energy Deploys AspectCTRM In First Phase Of Planned Global Roll-Out

Rate this article November 29, 2017, London – Aspect Enterprise Solutions, the leading provider of energy trade and risk management cloud software, announced today, that AOT Energy has successfully deployed AspectCTRM within its Belgium operations. It’s the first installation of a planned global roll-out to cover AOT Energy’s crude oil, gasoline and products business units.AspectCTRM…

Philly Shipyard delivers last LNG-ready tanker to APT

Rate this article By LNG World News Image courtesy of Philly ShipyardPhilly Shipyard, the U.S. unit of Philly Shipyard ASA delivered the American Pride, the last of four LNG-ready to American Petroleum Tankers, a Kinder Morgan unit. The 50,000-dwt product tanker is based on a Hyundai Mipo Dockyards (HMD) design that incorporates flexible cargo capability,…

Novatek’s nine-month production drops

Rate this article By LNG World News Russia’s Novatek, the developer of the Yamal LNG project, reported a decrease in total hydrocarbons production by 30.4 million boe, or by 7.5 percent, as compared with the nine months 2016. Novatek’s marketable hydrocarbons production totaled 374.7 million barrels of oil equivalent, including 46.03 billion cubic meters (bcm)…

Sovcomflot to operate Rosneft’s LNG-fueled Aframax tankers

Rate this article By LNG World News Image courtesy of SovcomflotRussia’s largest shipping company Sovcomflot will operate Rosneft’s five LNG-fueled Aframax tankers to be built by Zvezda shipyard. Sovcomflot secured the operatorship through contracts signed between Sovcomflot, Rosneft the State Transport Leasing Company (STLC), and Zvezda Shipbuilding Complex, entailing the construction of large-capacity oil tankers…

Sirius Petroleum agrees Ororo financing with BP

Rate this article By _Offshore_Energy_Today_ Investment company Sirius Petroleum has entered into a $10 million revolving pre-payment facility and commercial offtake agreement for the sales of crude oil produced from Nigeria’s Ororo offshore field with BP. Sirius entered discussions with BP regarding an offtake and pre-payment facility to support the financing of the company’s proposed…

Eni swings to profit as production grows

Rate this article By LNG World News Italian energy giant and LNG player Eni on Friday reported a net profit of €18 million ($21 million) for the second quarter of 2017, compared to a €446 million loss in the corresponding period last year. Net profit for the first half of 2017 was €983 million, a…

Philly Shipyard delivers third LNG-ready tanker to APT

Rate this article By LNG World News Image courtesy of Philly ShipyardPhilly Shipyard, the U.S. unit of Philly Shipyard ASA, delivered the American Liberty, the third of four LNG-ready product tankers it is building for American Petroleum Tankers (APT), a Kinder Morgan unit. The 50,000-dwt product tanker is based on a Hyundai Mipo Dockyards (HMD)…