Offshore

Don’t write an obituary for shipping’s dirtiest fuel

High sulfur fuel oil, once the cheap staple diet of the shipping industry, has been usurped by an abundance of low-cost, premium quality bunker fuel. That’s led to seafarers freezing orders for equipment to remove the sulfur from HSFO and maximizing compliant fuels. But don’t write off shipping ...

China reopens its doors to US LPG, but path to recovery may be slow

After an eighteen-month hiatus, Chinese liquefied petroleum gas (LPG) buyers are peering west again, as the country looks to the US to fill its burgeoning import demand. Propane and butane, key feedstocks for plastics and synthetic rubber, were hit hard by the prolonged trade spat between the US an ...

Canadian Natural Resources Limited Announces Quarterly Dividend

CALGARY, Alberta, March 05, 2020 (GLOBE NEWSWIRE) — Canadian Natural Resources Limited announces its Board of Directors has declared a quarterly cash dividend on its common shares of C$0.425 (forty-two and one half cents) per common share. The dividend will be payable April 1, 2020 to shareholde ...

Map: Russia eyes Antarctic oil potential, despite exploration ban

A Russian move to size up offshore oil and gas potential in the Antarctic may not signal the start of a rush to develop the world’s last great wilderness, but it does threaten to unravel a fragile political compromise that has protected the region for the last 60 years. Russia’s state-run geol ...

Suncor Energy files annual disclosure documents

CALGARY, Alberta, Feb. 27, 2020 (GLOBE NEWSWIRE) — Suncor has filed its 2019 Annual Report, 2019 Annual Information Form and 2020 Management Proxy Circular. To view the company’s annual disclosure documents, visit Suncor’s profile on sedar.com or sec.gov or visit Suncor’s website at ...

Africa Oil Announces Q4’19 and FY’19 Financial and Operating Results and 2020 Management Guidance

VANCOUVER, Feb. 25, 2020 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“Africa Oil”, “AOC” or the “Company”) is pleased to announce its financial and operating results for the three months and year ended December 31, 2019. The Company is also releasing to ...

After Petrobras: Brazil’s liberalizing gas market in limbo

In the first of a new series, S&P Global Platts editors weigh in on Brazil’s liberalizing gas market, taking in opportunities and risks for third-party pipeline imports from Bolivia, private LNG imports from the global market, and the growth of domestic competition in both the offshore and onshor ...

Africa Oil Receives First Dividend from its Nigerian Asset

VANCOUVER, Feb. 4, 2020 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce that it has received its first dividend from Prime Oil and Gas B.V. (“POGBV”, previously known as Petrobras Oil and Gas B.V.), a ...

Commodity Tracker: 7 charts to watch this week

This week’s pick of energy and commodity market trends kicks off with EU biofuels demand prospects and a window of opportunity for Australian crude oil grades. US and European gas market dynamics and Brazilian corn prices are also in the sights of S&P Global Platts news editors this week. 1. Ren ...

Africa Oil Announces the Closing of the Acquisition of Producing Assets in Deepwater Nigeria

All dollar amounts in this press release are USD unless otherwise indicated. VANCOUVER, Jan. 14, 2020 /CNW/ – (AOI–TSX, AOI–Nasdaq-Stockholm) – Africa Oil Corp. (“AOI”, “Africa Oil” or “the Company”) is pleased to announce the closing of the acquisition (the “Acquisi ...