UGI Corporation announced today that it has acquired Dutch energy marketer DVEP Investeringen BV (“DVEP”). DVEP markets natural gas and electricity, produced mainly from renewable sources, primarily to small and medium enterprises in the Netherlands. One of DVEP’s core businesses is the provision of…
The Western Australian government has joined the growing number of Australian states and territories to place a moratorium on hydraulic fracturing. Premier Mark McGowan announced this week that his government was banning existing and future fracking petroleum titles in the Perth and south-west regions…
A team from Saudi Aramco working offshore Saudi Arabia day and night has de-mothballed the Zuluf Gas-Oil Separation Plant 3 (GOSP-3). This followed several months’ intensive work on the plant’s platforms. A 48-strong team from the Safaniyah Offshore Producing Department (SOfPD) led the campaign,…
Crude oil rose, and gasoline fell to the lowest in more than a week, as Gulf Coast refiners continued their recovery from the devastation of Hurricane Harvey. Gasoline futures in New York have lost 3.7% since the 1st September. Valero Energy Corporation returned two…
Even before North Korea detonated its most powerful nuclear bomb yet, Japan was calling for moves to cut off its oil supply. Afterward, President Donald Trump threatened to halt all trade with any country which does business with Kim Jong Un’s regime. On the…
Lloyd’s Register (LR), a global provider of engineering and technology-centric professional services, has signed a contract between its Risk Management Consulting team and Statoil. The contract will use LR’s expertise to conduct total risk analysis for the riser platform modification project at the Johan…
Oil and gas will be crucial components of the world’s energy future, according to DNV GL’s forecast of the energy transition. While renewable energy will grow its share of the energy mix, oil and gas will account for 44% of world energy supply in…
Total has agreed to sell its remaining 15% interest in the Gina Krog field in the Norwegian North Sea to Kuwait Foreign Petroleum Exploration Company (KUFPEC). It follows last year’s transaction between the two parties concerning various Norwegian North Sea assets, which included 15%…
The UK North Sea is on track for the biggest year of oil and gas field start-ups in a decade, continuing the aging province’s surprising resilience to the crude-market slump. Fourteen projects with combined peak production of 230,000 boed will start in the region…
Hurricane Harvey’s crushing blow to the US energy industry reveals just how dependent Mexico has become on natural gas from its northern neighbour. The storm’s wrath forced cross-border gas pipelines in Texas to shut and prevented tankers from loading cargoes of the fuel. Mexican…
