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Noble Energy, Marathon take the plunge in deepwater Gabon

HOUSTON -- Noble Energy and Marathon have announced the signing of PSCs to explore in deep waters offshore Gabon. Noble Energy has signed a PSC with the Government of Gabon covering Block F15 in the Gabon Coastal Basin. Under the terms of t......【More】

2014-08-12

Kinder Morgan merges oil, gas, pipeline assets in consolidation

HOUSTON (Bloomberg) -- Kinder Morgan Inc. will merge all its oil and natural gas storage and pipeline partnerships under the corporate parent in a $70 billion consolidation that creates the largest energy infrastructure company in North Ame......【More】

2014-08-11

Borealis pushing ahead on US ethane import plan

Borealis, an Austrian petrochemical company controlled by Abu Dhabi, signed a long- term ethane supply contract with Antero Resources as it pushes ahead with a plan to import cheaper US feedstock for its plant in Sweden. Navigator Holdings......【More】

2014-08-08

China to multiply LNG fleet

Beijing will seek to build 50 new LNG tankers by 2020 as part of its quest to secure an energy supply chain, and to boost its ailing shipbuilding sector, Reuters reports. According to the news service, six home-built tankers, constructed by......【More】

2014-08-07

Power Company Can't Unload Its New Coal-To-Gas Facility Fast Enough

Datang International Power Generation Co. Ltd., a listed state-owned enterprise with core business in electricity generation, signed an agreement with a subsidiary of the countrys state-owned assets watchdog on July 7 to separate itself fro......【More】

2014-08-06

Shale gas market to 2019

A recent report by Research and Markets has suggested that the demand for shale gas is constantly increasing as depleting energy reserves have forced the world to focus on unconventional sources of energy. The report indicates that the succ......【More】

2014-08-05

China Expands Offshore Oil Fleet for Contested Waters

China is accelerating the expansion of its offshore oil fleetand adding coast guard vessels to protect itas it ventures farther into the sea for energy resources, threatening more altercations with neighbors. Chinese companies from the gian......【More】

2014-08-04

CNOOC South China Sea Panyu project starts producing

China National Offshore Oil Corporation (CNOOC) launched production at its Panyu 0-2/5/8 project in the South China Sea. Panyu 0-2/5/8 is located in the Pearl River Mouth Basin, off Chinas southeastern coast. Panyu 0-2/5/8 includes three oi......【More】

2014-08-01

ABS to class the first CNG carrier

ABS has been selected to class the worlds first compressed natural gas (CNG) carrier ordered by Pelayaran Bahtera Adhiguna, a subsidiary of Indonesias state-owned power company Perusahaan Listrik Negara (PT PLN). The CNG carrier has been de......【More】

2014-07-31

Athabasca Oil Corp downgraded on PetroChina troubles

Athabasca Oil Corp. was downgraded at Raymond James on growing concerns about its relationship with PetroChina. Analyst Chris Cox lowered his rating on the stock to market perform from outperform and cut his price target to $7.50 from $10,......【More】

2014-07-30