The short-term impact of the coronavirus has been seen almost entirely on demand, reducing China’s need for oil and LNG supplies.
Hungarian oil firm Mol Group has confirmed today that it will buy up Chevron's mid-stream interests in Azerbaijan for more than £1.2 billion.
Australia’s Transborders Energy has signed up to a joint study agreement with Mitsui OSK Lines (MOL) on floating LNG (FLNG).
Novatek has signed deals with Mitsui OSK Lines (MOL) and the Japan Bank for International Co-operation (JBIC) on its LNG transhipment projects.
Braemar Shipping Services has completed the delivery of a 180,000m3 Liquid Natural Gas Carrier (LNGC) to South Korea.
Modec, Mitsui, Mitsui OSK Lines, Marubeni and Mitsui E&S will collaborate on an ultra-deepwater Brazilian FPSO charter project.
Gulf Keystone has revealed that Hungarian oil and gas firm MOL has relinquished the licence covering the Akri-Bijeel block in Iraq,.
MOL Group has signed a deal to acquire Eni's business in Hungary. The company said the move would contribute to MOL's growing retail presence within the supply radius of its refineries.
A global decline in the oil price since last year may have hindered upstream business in regions such as the UKCS. But for Hungary's MOL Group, the lower oil price has prompted an unexpected boost in its downstream operations. David Pullan, group downstream development senior vice president for the company, told delegates at the Central Eastern Europe and Turkey Refinery Summit in Budapest his side of the business had seen "very good" results. In the third part of our week long series from MOL's headquarters in Hungary, we look to its successes in its downstream business.
MOL Group's Brian Glover said the company does not see any "great future" for itself in Central Africa as it eyes further success in the Middle East. In the second part of Energy Voice's week-long series looking at the Hungarian company's operations, the exploration and business development senior vice president spoke about ongoing operations. MOL has had a 40% working interest in the Ngosso Block in Cameroon since 2007.
The industry's built-in desire to deliver over-engineered solutions has to end if the North Sea is to enjoy a long and profitable future, a leading industry figure has claimed.