International
Oil Industry and Civil Society Congratulate “Africa Oil Man of the Year” Macky Sall on Taking Bold Steps to Develop Senegal’s Hydrocarbons Industry
The award is a recognition of Macky Sall's work and the efforts of his government to boost the development of Senegal's economy The African and global energy sector is rallying behind Macky Sall's efforts to develop his country's oil & gas industry, which are...
Shipping costs soar as LNG vessels drop out of service
The cost of chartering a liquefied natural gas vessel on the short-term market has jumped the most since at least 2013. The day rate for a standard tanker East of the Suez Canal jumped 57% in the week to Oct. 9, as issues related to U.S. sanctions on units of China’s...
Nigeria, oil majors start talks to end $62 billion dispute
Nigeria began preliminary talks with international oil companies to settle a dispute over revenue. The government, citing a 2018 Supreme Court ruling, says it’s entitled to $62 billion from the companies after they failed to comply with a 1993 law that hands the state...
Algeria passes new energy law, in snub to anti-OPEC protests
Algeria’s cabinet approved a new energy law aimed at boosting investment in the vital hydrocarbon sector, but which has become the latest target for demonstrators demanding the purging of the OPEC member’s old regime. Hours before its passing, hundreds of protesters...
British Airways to become first UK airline to offset carbon emissions on flights within the UK
From January 2020, British Airways will become the first UK airline to offset carbon emissions on all its flights within the UK. All customers flying within the UK next year on flights operated by British Airways will have the carbon emissions from their flights...
Total commits $600 million to expand LNG presence in India
Total SA is spending $600 million to expand its presence in one of the world’s fastest growing natural gas markets. Total agreed to purchase a 37.4% stake in India’s Adani Gas Ltd., a distributor of the fuel that is developing import terminals and a national chain of...
‘Explosion’ on Iranian oil tanker off Saudi coast – reports
An explosion has caused a fire on an Iranian tanker near the coast of Saudi Arabia, Iranian media say. The vessel, from Iran's national oil company (NOIC), was 60 miles (97km) from the Saudi port city of Jeddah when the incident took place, reports said. The ship's...
China transferring crude between ships at sea to evade U.S. sanctions
Chinese oil imports from ship-to-ship transfers surged last month as flows from some traditional suppliers were crimped by the White House’s aggressive trade and foreign policies. Some 910,000 tons of crude, three times as much as in August, was offloaded at Chinese...
U.S. to offer 78 million Gulf of Mexico acres in 2020 lease sale
In support of the Administration’s America-First Offshore Energy Strategy, Department of the Interior’s Acting Assistant Secretary for Land and Minerals Management Casey Hammond and the Bureau of Ocean Energy Management (BOEM) Acting Director Dr. Walter Cruickshank...
Exxon awards contract for Africa’s biggest-ever private project
Exxon Mobil Corp. awarded a JGC Corp.-led group a contract to develop its Mozambique liquefied natural-gas project, which is set to be the biggest-ever private investment in Africa. Japanese company JGC will be joined by Fluor Corp. and TechnipFMC Plc to develop the...
