Oil surges on threat to PDVSA, Iran worries
Rate this article Oil prices rose to their highest levels since late 2014, as Brent crude oil futures reached $75.81/bbl. Read Full Article Here For more great articles: Offshore RSS Feed
Tagged Crude Oil
ADNOC dishes out two deals with total value of $3.5 billion
Rate this article By Offshore Energy Today.. UAE’s ADNOC has awarded two contracts to South Korea’s Samsung Engineering with a total value of $3.5 billion, which will allow an ADNOC-owned refinery to process crude oil from the Upper Zakum… … Read Full Article Here For more great articles: Offshore Energy Today
Louisiana Offshore Oil Port loads its first VLCC
Rate this article By Offshore Energy Today Louisiana Offshore Oil Port (LOOP) has completed its first Very Large Crude Carrier (VLCC) crude oil loading operation at its Deepwater Port, 18 miles offshore of Port Fourchon, Louisiana. … Read Full Article Here For more great articles: Offshore Energy Today
IOOC adds two production platforms at Abouzar field offshore Iran
Rate this article Iranian Offshore Oil Co. expects crude oil production from the Abouzar field in the Persian Gulf to increase by 12,000 b/d once two new platforms have become operational. Read Full Article Here For more great articles: Offshore RSS Feed
Petrofac wins $160M deal for work on Iraq’s crude oil export project
Rate this article By Offshore Energy Today.. Oilfield services provider Petrofac has secured an award worth $160 million from Basra Oil Company (BOC), previously known as South Oil Company, for its Iraq Crude Oil Export Expansion Project… … Read Full Article Here For more great articles: Offshore Energy Today
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,…
Russia’s Rosneft enters oil supply deal with Chinese firm
Rate this article By Offshore Energy Today.. Russia’s largest oil producer Rosneft has entered into a five-year crude oil supply deal with CEFC China Energy Company Limited. Read Full Article Here For more great articles: Offshore Energy Today
Oil prices may rise even more on news from Saudi Arabia, experts forecast
Rate this article Brent crude oil prices may reach the level of $70/bbl but fundamental factors support a correction to $60/bbl and lower, experts say. Read Full Article Here For more great articles: Offshore RSS Feed
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)…