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Monthly Archives: January 2019

Survey says US oil and gas firms are ready to spend as confidence grows

Executives in the U.S. oil and gas industry are said to be much more optimistic about growth in the sector, compared to last year. In...

Oil steadies near two-month high as U.S. drilling slows down

Oil steadied near a two-month high in New York amid a pullback in U.S. drilling activity, while ongoing U.S.-China trade talks left an uncertain...

Shell appoints Wael Sawan as new Upstream Director

Royal Dutch Shell plc has officially announced the appointment of Wael Sawan as Upstream Director with effect from 1st July 2019. In his new role,...

IEA says OPEC+ Cuts put floor under Oil Prices

The International Energy Agency (IEA) has said that the OPEC+ cuts that started this month likely put a floor beneath oil prices, but that...

Melbourne becomes first city with all council infrastructure powered by renewables

Melbourne has become the first city in Australia to have all of its council-owned infrastructure powered by renewable energy. The City of Melbourne switched all...

Nigerians consumed 53 million liters/day in 2018-PPPRA

Nigerians consumed an average of 53 million liters/day in 2018, up about 1.5 percent from the previous two years, the Petroleum Products Pricing Regulatory...

New way to measure solar panel degradation

Despite many benefits and relative popularity as a renewable energy source, eventually, the sun does set on even the best solar panels. Over time, solar...

Medco prices potential Ophir bid at $440 mln

Indonesian oil and gas company Medco Energi has informed Ophir Energy of the details on the potential offer. Ophir said in its statement on Friday...

Hawaiian Electric announces Solar-Plus-Storage Contracts

Last week Hawaiian Electric Company sent seven new solar-plus-storage contracts to state regulators. Six come in at record-low prices for the state, under 10...

S&P Ratings: Offshore rig rates to remain low till 2021

Poor’s credit rating agency doesn’t feel the rates for ultra-deepwater rigs will rise significantly over the next two years. In a recent report, S&P said...

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