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The South Australian Government’s decision to incentivise natural gas development is a positive initiative that should help bring more gas to market and benefit local consumers. APPEA Director South Australia / Northern Territory Matthew Doman said the $24 million incentive scheme announced today was another example of the state government’s

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Adding another shock to the already volatile market in contradiction of analyst expectations, the American Petroleum Institute (API) is reporting a significant increase today in its weekly U.S. crude inventory report of 2.09 million barrels, following a volatile day of trading. Markets will also be responding to the API’s report of

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Company News

Wärtsilä and Finland based Gasum have signed a joint cooperation agreement aimed at developing the use, distribution, and service solutions for natural gas in marine and onshore applications. The agreement was signed in Helsinki today, 29 August 2016. Wärtsilä provides the gas value chain technology know-how, while Gasum has the

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Company News

The massive 3,500 ton offshore platform is a milestone for Saudi Aramco’s strategy to develop its offshore oil resources and for the IKTVA program. Saudi Aramco’s In-Kingdom Total Value Add Program (IKTVA) continues to go from strength to strength with the announcement of the completion of the largest offshore tie-in

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Oil, Gas & Energy News

Sinopec Fuel Oil Sales Co., Ltd. (“Sinopec Fuel Oil”) and BP announced the establishment of a 50:50 marine fuels joint venture in Singapore on May 19. The JV, BP Sinopec Marine Fuels Pte Ltd. represents an important continuity of the long­standing partnership between Sinopec and BP, which have cooperated in

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