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Saudi Aramco and Dubai Electricity & Water Authority sign MoU

Saudi Aramco and Dubai Electricity & Water Authority sign MoU

January 21, 2019 No Comments

Saudi Aramco today signed a Memorandum of Understanding (MoU) with Dubai Electricity & Water Authority (DEWA) to foster collaboration in power supply and demand management. The MoU will also provide a framework to assess potential collaborations and ventures in new energy and smart grid applications, digital transformation, and operational excellence. “We look forward to our […]

Rental Equipment for Oil, Gas and Energy Industry | Patriot International

Rental Equipment for Oil, Gas and Energy Industry | Patriot International

January 21, 2019 No Comments

Patriot International offers a wide variety of rental equipment and services for the oil, gas and energy industry on a global scale. All our rental equipment has been specifically chosen for their user friendliness and reliability so you can do your job fast and safe. We do not limit ourselves to a brand or manufacture […]

DEA awarded nine new licences in Norway

DEA awarded nine new licences in Norway

January 15, 2019 No Comments

The Norwegian Ministry of Petroleum and Energy has awarded nine new licenses on the Norwegian Continental Shelf (NCS) to DEA in this year’s Awards in Predefined Areas (APA). Four of the awarded licences are located in the Norwegian Sea, three in the North Sea and two in the Barents Sea. DEA will be operator in […]

Economy Energy collapse

Economy Energy collapse

January 8, 2019 No Comments

Coventry-based Economy Energy has ceased to trade. Economy Energy, a gas and electricity supplier had circa 235,000 customers in the UK. Ofgem, the UK energy regulator, is appointing a new supplier for its customers and advises that existing customers need not worry as their supplies are secure and credit balances are protected. Ofgem’s advice is […]

Offshore Energy UK Limited Announces Launch of New Website

Offshore Energy UK Limited Announces Launch of New Website

January 7, 2019 No Comments

Offshore Energy UK Limited, (https://www.oel-uk.com) a leading provider of project management, engineering and lifting management to the oil & gas, subsea telecommunications and renewables industries announced today the launch of its newly designed website . “We are pleased to debut the newly designed company website, which is part of a strategy to improve our digital […]

New policy for U.S. LNG exporters

New policy for U.S. LNG exporters

December 20, 2018 No Comments

The U.S. Department of Energy (DOE) announced that it would now only require U.S. LNG exporters to report the country or countries of LNG deliveries, not country of end-use, to satisfy the DOE’s destination reporting requirement. Further, DOE announced additional efforts to streamline the reporting requirements for LNG export supply sales and contracts. “With the […]

African Energy Chamber Applauds Angola’s Membership in GECF

African Energy Chamber Applauds Angola’s Membership in GECF

November 15, 2018 No Comments

The Gas Exporting Countries Forum has been at the forefront of promoting the use of natural gas as an affordable and sustainable fuel of choice for sustainable development. African countries rallying around the drive of Equatorial Guinea’s Mines and Hydrocarbon Minister, Gabriel Mbaga Obiang Lima’s drive to monetize gas and engage with OPEC and GECF […]

Oil Price Manipulation must stop!!

Oil Price Manipulation must stop!!

November 13, 2018 No Comments

The headlines across the world today read….’Oil prices rise as Saudi Arabia signals production cut’, ”Oil price rises as Saudi Arabia pledges supply cut” , ” Saudi Arabia is reducing oil supply and OPEC may cut too” ”Saudi Arabia’s Call for an Output Cut Pushes Oil Prices Higher” They want to reduce oil supply by […]

The ongoing refinancing efforts of Fred. Olsen Energy ASA (“FOE”)

The ongoing refinancing efforts of Fred. Olsen Energy ASA (“FOE”)

November 6, 2018 No Comments

As part of the refinancing process, FOE has presented to its stakeholders a new refinancing proposal for FOE, comprising the following key elements: 1. The sale of the company’s drilling unit Bolette Dolphin. 2. The issuance of new equity in the amount of approximately 130-140 MUSD in consideration of approximately 89% of FOE’s share capital, […]

Cenovus Announce third-quarter Results

Cenovus Announce third-quarter Results

October 31, 2018 No Comments

Cenovus Energy Inc. (TSX: CVE) (NYSE: CVE) generated more than $700 million of free funds flow and nearly $1 billion in adjusted funds flow in the third quarter, driven by exceptional operating performance in its oil sands and refining and marketing businesses. Oil sands production exceeded 376,000 barrels per day (bbls/d) with record-low operating costs […]

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