International

Saudi Aramco seeks tighter portfolio management, says GlobalData’s MEED

Saudi Aramco seeks tighter portfolio management, says GlobalData’s MEED

Oil & Gas


The recent decision to create an integrated corporate development organisation is the next step in the exercise to undertake proficient management of the overall enterprise

With the integration of Saudi Basic Industries Corporation (Sabic) into its fold, …

September 7, 2020 - 12:55 pm Finance, International
Erdogan raises rhetoric in Greece standoff in Mediterranean

Erdogan raises rhetoric in Greece standoff in Mediterranean

AP


Oil & Gas 360 Publishers Note: This is a growing concern in the Mediterranean around energy independence. At the center of this unrest is abundant natural gas fields in the Mediterranean.

ANKARA, Turkey (AP) — Turkish President Recep Tayyip …

September 5, 2020 - 3:31 pm International, Natural Gas News, People
More Nigerian oil likely to move into storage

More Nigerian oil likely to move into storage

Energy Mix


Nigerian light sweet crude and those from other West African producers have been struggling to clear for September and October loading, and are likely to move into storage.

Some oil traders are once again looking to store oil …

September 5, 2020 - 3:19 pm Crude Oil News, International, Storage
Egyptian Petroleum and Mineral Resources Minister Tariq Al-Mulla

Egypt, Cyprus intensify discussions over joint gas pipeline project

Energy Mix


Egyptian and Cypriot officials have intensified discussions over preparations for a joint gas pipeline project aimed at transforming Egypt into a regional energy trade hub, a government source revealed on Monday.

According to the official, the joint scheme …

September 5, 2020 - 3:10 pm International, Natural Gas News, Pipeline News
Why the World Worries About Russia’s Natural Gas Pipeline – and the political unrest

Why the World Worries About Russia’s Natural Gas Pipeline – and the political unrest

Shell


Oil & Gas 360 Publishers Note: This is an excellent summary of some of the natural gas dependencies and geopolitical problems it involves. What the article is missing is the new players to this evolving drama with potentially disastrous

September 5, 2020 - 8:23 am International, Natural Gas News, Pipeline News, Popular 3
BHP Charters Five LNG-fueled Newcastlemax Bulk Carriers in a ‘World’s First’

BHP Charters Five LNG-fueled Newcastlemax Bulk Carriers in a ‘World’s First’

MarineLink


Oil & Gas 360 Publishers Note: Earlier this week we ran a story about BHP exporting  coke coal from Australia to Asia, and not have the fossil fuel count against the BHP Co2 emissions under their goal to carbon

Mexico Natural Gas Production by Private E&Ps Seen Developing Allocation Options

Mexico Natural Gas Production by Private E&Ps Seen Developing Allocation Options

NGI


The natural gas market in Mexico is a new opportunity for private sector producers, as firms begin to analyze alternative possibilities, according to a research note from consultancy Talanza.

“Natural gas has become a worldwide commodity, and particularly in …

September 4, 2020 - 7:00 am Closing Bell Story‎, International, Mexico, Natural Gas News
Aramco reviewing multi-billion Texas LNG terminal investment plan

Aramco reviewing multi-billion Texas LNG terminal investment plan

Bloomberg


Saudi Aramco is shelving multi-billion-dollar petrochemical and gas projects as the state oil giant’s determination to preserve its dividend forces it to cut back on major investments.

The world’s biggest oil company is abandoning plans to build a $20 …

Eni seeks US clearance to transfer Venezuelan oil – from a repurposed tanker that has been tethered for 10 years

Eni seeks US clearance to transfer Venezuelan oil – from a repurposed tanker that has been tethered for 10 years

Argus


Oil & Gas 360 Publishers Note: As this is a decommissioned tanker that has been repurposed for storage, and it is an example of a larger problem that is lurking on the horizon. It is not clear how many

image
Image: Kizonga deepwater project, off northern Angola coast. Source: ExxonMobil

ExxonMobil mulls worldwide job cuts after revealing lay-off plan in Australia

Offshore Energy


U.S. energy giant ExxonMobil is assessing whether to cut jobs worldwide after announcing a voluntary lay-off programme in Australia.

Namely, ExxonMobil said on Wednesday that it started a voluntary redundancy program for its Australian employees.

The company added …

BHP to tap green energy to mine coal in Australian state

BHP to tap green energy to mine coal in Australian state

Economic Times


MELBOURNE: Global miner BHP Group said on Tuesday it has signed an agreement to use more renewable energy at its coal mines in Australia’s Queensland state which it expects will help it cut its indirect emissions such as …

September 2, 2020 - 6:00 am Coal News, International, Renewable Energy
India to divert 100mn t coal to gasification projects

India to divert 100mn t coal to gasification projects

Argus


Oil & Gas 360 Publishers Note: India is very serious about getting power to their citizens, and this is a great example of outside the box thinking. 

India is aiming to convert 100mn t of thermal coal into synthetic …

Source: CNBC

Siemens gets ready to spin off its energy business, emphasizing a need for ‘focus’

CNBC


Siemens has revealed more details of the spin-off its energy business later this month, as it aims to create a firm which CEO Joe Kaeser has previously described as encompassing “the entire scope of the energy market like no …

Sparrows Group appoints Saudi Arabia general manager to drive growth

Sparrows Group appoints Saudi Arabia general manager to drive growth

Oil & Gas


Last year the business secured vendor approval status from Saudi Aramco

Sparrows Group has appointed Ali Hassan Al-Kharari as the company’s first Saudi Arabia general manager in response to growing business demand in the Kingdom.

Al-Kharari brings …

Jizzakh Petroleum announces major step towards construction of a new gas chemical complex in Uzbekistan based on MTO technology

Jizzakh Petroleum announces major step towards construction of a new gas chemical complex in Uzbekistan based on MTO technology

360 News Feed Wire


TASHKENT, Uzbekistan, September 1, 2020 – Further to the May 2019 announcement regarding the launch of a project to build a new state-of-the-art chemical complex in Uzbekistan based on MTO technology (‘The Project’), and in accordance …

OPEC to explore blue hydrogen, new technologies

OPEC to explore blue hydrogen, new technologies

Energy Mix Report


The Organisation of Petroleum Exporting Countries (OPEC) at the weekend said it was going to explore the future of blue hydrogen, digitalisation in the energy sector and cyber security and blockchain technology.

Its Secretary-General Mohammad Barkindo, said …

The Seabrook nucler power station in Massachusetts. Photo courtesy Jim Richmond/ChNPP/Wikipedia

Does Nuclear Fit in the Future Grid? – It should be part of the balanced diet of power

energy central


Oil & Gas 360 Publishers Note: Paul writes an excellent article, and the world needs a balanced diet of solar, wind, nuclear, and fossil fuels to get the lowest kWh to all people around  the world to help

US seizes websites of Iranian companies accused of shipping fuel to Venezuela

US seizes websites of Iranian companies accused of shipping fuel to Venezuela

Offshore Energy


The U.S. Justice Department has seized three websites used by Iranian fuel traders, which are accused of being used as front companies for arranging a multimillion-dollar fuel shipment by the Islamic Revolutionary Guard Corps (IRGC) to Venezuela.

The …

August 31, 2020 - 5:53 am Crude Oil News, International
Saudi Aramco Discovers Two Oil, Gas Fields in North of Kingdom

Saudi Aramco Discovers Two Oil, Gas Fields in North of Kingdom

Bloomberg


Saudi Aramco discovered two oil and gas fields in northern parts of Saudi Arabia, the kingdom’s official news agency reported, citing Energy Minister Prince Abdulaziz bin Salman.

Gas has started flowing from Hadabat Al-Hajara field near the Iraqi border …

PetroChina posts $4.4 billion H1 loss, pledges near-zero emissions by 2050

PetroChina posts $4.4 billion H1 loss, pledges near-zero emissions by 2050

MarketScreener


PetroChina Co pledged on Thursday to cut emissions to near zero by 2050, as it reported a plunge to a first-half net loss of 29.98 billion yuan ($4.36 billion) on lower oil prices and a hit to demand from

August 30, 2020 - 8:17 am China, Climate Change, International
Majid Mufti, former CEO of Saudi Aramco Energy Ventures

CEO of Aramco’s $500 million investment arm reportedly steps down

Oil & Gas


Following a series of changes in its management team, Saudi Aramco has appointed a new CEO for its investment arm, Bloomberg reported, citing anonymous sources.

Mahdi Aladal, who previously headed Aramco’s base oils and lubricants division, …

August 30, 2020 - 8:00 am International, People, Popular 2
Fidelity International chief executive Anne Richards says running companies solely for the benefit of equity owners is no longer an option.

Redefining capitalism for a new ESG world – Austrailia and the US have this in-common

The Sydney Morning Herald


Oil & Gas 360 Publishers Note: ESG is one of the most single important business issue around the globe, inclusive for all markets. I wrote an article last week, “Contrary to the news or public

Source: Reuters

Siemens Energy to close sites after spin-off: source

Reuters


FRANKFURT/DUESSELDORF  – Siemens Energy, the power division being spun off from parent Siemens (SIEGn.DE) next month, plans to close plants in an effort to raise margins, a person close to the company said.

“Production sites will be …

August 28, 2020 - 11:00 am Closing Bell Story‎, Energy News, International
Novatek Ships First LNG Cargo to UAE

Novatek Ships First LNG Cargo to UAE

360 Feed Wire


Russian gas company Novatek has said it has shipped its first LNG Cargo to the United Arab Emirates.

Novatek said Friday that the cargo was shipped from the Yamal LNG project by its subsidiary NOVATEK Gas & …

August 28, 2020 - 6:05 am Energy News, International, LNG, Marine Shipping, Press Releases
Green bank gets $1b fund for new projects – Australia changing fund to include hydro and gas

Green bank gets $1b fund for new projects – Australia changing fund to include hydro and gas

TheAdvocate


The Morrison government says a new fund will encourage investment in power generation, storage and transmission and push down prices.

Energy Minister Angus Taylor on Thursday introduced draft laws allowing the next step for his underwriting new generation investments

Prime Minister Kyriakos Mitsotakis

Greece Plans to Extend its Western Territorial Waters

MarineLink


Oil & Gas 360 Publishers Note: This is only one of the disputes in the Mediterranean involving the abundant natural gas reserves.  The low cost fossil fuel has become a hot bed between countries. Energy independence for countries has

August 27, 2020 - 6:24 am International, Natural Gas News, Politics & Opinions
Exclusive 360 Energy Expert Network Video Interview: Remote Medical International – The Covid-19 Remote Energy Workplace Update

Exclusive 360 Energy Expert Network Video Interview: Remote Medical International – The Covid-19 Remote Energy Workplace Update

Remote Medical International - Can you keep your employee's safe from Covid-19 in harsh, remote, areas of the world?

Dr. Ricky Misiaszek and I were able to sit down and cover a huge issue involving remote energy projects and Covid-19.

Source: Reuters

Saudi’s June oil exports down $8.7 billion year-on-year

Reuters


DUBAI – The value of Saudi Arabia’s June oil exports was down 55% year on year, a drop of $8.7 billion, official data showed on Wednesday.

Compared with May, total exports – including non-oil exports of goods such as …

Indian Prime Minister Narendra Modi (Photo: Prachatai/Flickr)

India to extend Covid-19 lockdown as cases mount – has severe financial and energy implications

Argus


Delhi, 26 August (Argus) — India’s federal government and some state governments plan to extend a five-month Covid-19 lockdown, possibly by another month, with infection rates in the country rising the fastest in the world.

The western state of …

August 26, 2020 - 7:18 am Crude Oil News, International
JAPEX announces Phase 2 for Soma LNG and Fukushima Power Plant

JAPEX announces Phase 2 for Soma LNG and Fukushima Power Plant

LNG Industry


Japan Petroleum Exploration Co., Ltd. (JAPEX) has announced that the No. 2 unit of Fukushima Natural Gas Power Plant has commenced commercial operations.

The power plant has been under construction by Fukushima Gas Power Co Ltd (FGP), which …