Gazprom, OMV Meet on Establishing Nord Stream JV

  At a Meeting held at the Gazprom headquarters between Alexey Miller, Chairman of the Company's Management Committee and Rainer Seele, Chairman of the Executive Board of OMV,

Volvo Penta Debuts Marine Gas Sterndrive Engines

  Volvo Penta today unveiled its new family of next-generation 5.3L V8 gasoline engines for the marine sterndrive market in a press preview at the company’s Test Center in Suffolk, Va.

Shell Says Gas Supplies to Nigeria LNG Reduced Due to Oil Pipeline Issues

Shell on Friday said gas supplies to Nigeria's LNG export terminal on Bonny Island had been reduced due to the shutdown of a major oil pipeline in the country caused by a leak and theft.

Denmark Predicts Steady Oil & Gas Production

Denmark expects to maintain its current production of oil and gas for the next two and a half years according to new estimates from the Danish Energy Agency on Friday.

Oil Steadies as Equities Rally

Recovering stock markets boost oil prices; U.S. crude on track for first weekly gain in nine weeks. Oil prices steadied on Friday after bouncing back from six-and-a-half-year

Trend-Driven Funds Profit on Oil's Slippery Path

The oil market's 10 percent surge on Thursday offered a visceral reminder that many of its most active participants could not care less about global oil inventories,

Yamal LNG Arctic Project in Doldrums

 The massive $27 billion Yamal LNG liquefied-natural-gas venture in the Arctic Circle, a centerpiece of President Vladimir Putin’s plan for Russia has been squeezed by U.

Egypt's Power Choices Appease Public, Squeeze Industry

Far fewer Egyptians are complaining about the kind of power cuts that fuelled unrest in the past but government energy policies apparently focused on appeasing

N-KOM: New VLCC Size Floating Dock

Nakilat-Keppel Offshore & Marine (N-KOM), the joint-venture shipyard of Keppel Offshore & Marine and Nakilat, continues to see strong interest for its ship repair services in 2015,

Total Sells North Sea Gas Pipelines

French oil major Total has agreed to sell some of its gas pipeline assets in the UK's North Sea to North Sea Midstream Partners, an affiliate of U.S.-based private equity firm ArcLight Capital,

PetroChina H1 Profit Plunges 63 Percent

PetroChina, China's biggest oil and gas producer, reported a 63 percent drop in first-half profits, with earnings upstream and in the marketing segment hit by lower prices,

Oil Jumps 4.5 pct as Equities Rally

Global stock markets rise on Asia, Wall Street rally. Oil prices jumped more than 4.5 percent on Thursday after a rally in equity markets and an unexpected fall in U.

Wärtsilä 34DF Becoming a Trendsetter

  The upgraded version of the Wärtsilä 34DF engine is rapidly becoming established as an industry standard. The three major South Korean shipyards are supporting

Rosneft, EGAS Ink LNG Supply Deal

  Rosneft Trading SA, a company of Rosneft Group, and the Egyptian Natural Gas Holding Company (EGAS) signed a Master LNG Supply and Purchase Agreement. The document

DNV GL Wins Frame Agreement with CLP Hong Kong

  DNV GL, the technical advisor to the oil and gas industry, has been awarded a framework agreement by CLP Hong Kong to deliver risk management advisory services for its Asia Pacific operations.

Demand Rising for Cyrogenic Valves in Marine Sector

UK-based manufacturer of cryogenic valves Bestobell Marine said it has seen a major increase in demand for its cryogenic valves from the marine sector in the U.

GAC Japan Appoints Operations Manager

Kenichi Okamoto joins the GAC team to meet rising demand for ship agency services in the energy sector   GAC Japan is expanding its team, five months after opening an operations office in Tokyo,

Trafigura Replicates Oil Market Tactics with LNG

Growing spot market attracts commodity trade houses; Trafigura traded 1.7 mln tonnes LNG in 2014. Trafigura is blazing a trail for trade houses, adopting highly

Ukraine's Winter Gas Stockpiling Lags

Ukraine's efforts to store natural gas for winter are running 1 billion cubic metres behind their pace last year, Prime Minister Arseny Yatseniuk said on Wednesday.

Sinopec H1 Profit Slips 22 pct

China's Sinopec Corp , Asia's largest refiner, posted a 22 percent fall in first-half profit on a sharp decline in international crude prices that hit upstream earnings.

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