BG Group, Keppel (O&M) Wins Contract to supply LNG in Singapore Port Keppel Offshore & Marine Ltd (Keppel O&M), through its subsidiary KS Investments, and BG Group have been selected to supply Liquefied Natural Gas (LNG) bunker to vessels in the Port of Singapore reports Offshore Energy Today The joint bid submitted by Keppel O&M …
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VAALCO Energy quit its Crude Sweetening Project (CSP) Due to Drop in oil price According to Offshore Energy Today VAALCO Energy (VAALCO), an oil production company, is putting off its offshore Gabon Etame Marin Crude Sweetening Project (CSP) until oil prices recover to levels that support positive economic returns. “Although over 15 potential solutions were identified …
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World Bank lowers its Oil Price forecast – Reuters The World Bank has slashed its forecast for crude oil prices by $14 to $37 per barrel for 2016, it said on Tuesday, amid growing supply and weak demand prospects from emerging markets. In its annual Commodity Markets Outlook, the World Bank lowered its price forecast for …
Chevron kicks-off First Gas Production from its Chuandongbei Project China As seen in the company’s site Chevron Corporation announced today that its fully-owned subsidiary Unocal East China Sea, Ltd. began natural gas production from the first stage of the Chuandongbei Project in southwest China. Chuandongbei is one of the largest onshore gas projects developed by …
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