Europe will resume its role as a global gas sink from 2018-2020, absorbing surplus volumes of global LNG as supply growth outstrips demand.
That is the view of oil and gas analysts at BMI Research, who stated in a recent report that the region’s ‘large and liquidly traded’ gas hubs, strong pipeline interconnectivity, extensive regasification capacity, substantial volumes of flexible supply and price responsive demand will enable Europe to adopt this position.
SEOUL, Jan 8 (Reuters) - A tanker carrying Iranian oil that collided with a Chinese freight ship in the East China Sea over the weekend was still ablaze on Monday morning, a South Korean coast guard official told Reuters.
(Bloomberg) -- For Big Oil, the U.S. tax overhaul is turning out to be a mixed bag, especially for companies that drill overseas.
Two weeks after President Donald Trump and congressional Republicans passed a sweeping rewrite of the tax code that cuts corporate rates, drillers are finding other changes that are less of a boon.
BAGHDAD, Jan 8 (Reuters) - Iraq's parliament voted on Monday to ban Kurdish engineering firm Kar Group from operating Kirkuk's oilfields, following Iraq's recapture of the Kurdish-held oil region in October.
The UK’s Oil & Gas Technology Centre (OGTC) is investing $1.8 million (GBP 1.3 million) in four well plugging and abandonment (P&A) projects, which are expected to help drive an industry commitment to reduce decommissioning costs by a minimum of 35 percent.
LONDON, Jan 8 (Reuters) - A oil rig flanges gulf coast production issue affecting the Chevron-led Angola liquefied natural gas (LNG) gulf coast oil rig export facility has prompted the cancellation of a tender to sell a spot cargo that was due to load this week, buy Wellhead market sources said.
The UK’s Oil & Gas Technology Centre (OGTC) is investing $1.8 million (GBP 1.3 million) in four well plugging and abandonment (P&A) projects, which are expected to help drive an industry commitment to reduce decommissioning costs by a minimum of 35 percent.
Sidetrack Well in Canada's Rainbow Area Exceeds Expectations | Gulf Coast Oil Rig Equipment & Repair
The results of Cabot Energy plc’s 10-32 sidetrack well in Canada’s Rainbow area have ‘exceeded expectations’, according to the company’s CEO Keith Bush.
Drilled in December 2017, the well produced at a daily rate of 408 barrels of fluid per day during a recent flow test, of which 344 barrels were oil, Cabot Energy revealed.
- San Leon Energy Discussions with Potential Offerors CGUP, Geron Terminated | Gulf Coast Oil Rig Equipment & Repair
- Oil Shipments From Georgia's Batumi Port Fall By More Than A Third In 2017 | Gulf Coast Oil Rig Equipment & Repair
- Saudi Arabia Converts Aramco Into Joint-Stock Company Ahead Of Historic IPO | Gulf Coast Oil Rig Equipment & Repair
- Kemp: US Shale Returns to Growth, Posing Problem for OPEC | Gulf Coast Oil Rig Equipment & Repair