News
Spain: Still No Deal on Port Reform Model between Dockers and Gov’t
No deal on the port reform model has been reached between Spanish stevedores and the government as the country’s Ministry of Public Works and Transport has not scheduled a meeting for this purpose. Only a technical meeting has been convened between the legal services of port companies’ association A
UPS expanding LNG-fueled fleet
UPS plans to add 50 liquefied natural gas (LNG) vehicles to its fleet as part of a US$90 million investment in natural gas.
Containerships plans additional investment in LNG technology
Finnish shipping company Containerships is aiming to continue its growth through investment in LNG technology during 2017.
BPA: UK Needs Frictionless Trade Deal with EU after Brexit
British Ports Association (BPA) has called for a frictionless trade agreement between the UK and EU following Brexit. According to BPA’s Chief Executive Richard Ballantyne, probably the number one Brexit related concern from the ports sector is facilitation, with potential major challenges on Ro-Ro
Oil jumps off lows, IEA sees H1 deficit after OPEC cuts
By Edmund Blair LONDON (Reuters) – Oil prices climbed more than $1 on Wednesday, lifted by a surprise drawdown in U.S. inventories and data from the International Energy Agency (IEA) suggesting OPEC cuts should create a crude deficit in the first half of 2017. “For those looking for a rebalancing of
Australian PM secures Gladstone LNG projects’ support to domestic gas market
Australia’s prime minister Malcolm Turnbull has secured commitments from two of the three Curtis Island LNG projects to contribute to the domestic gas market.
42 Nobelwind Turbines Installed, 8 to Go
42 out of 50 MHI Vestas V112-3.3MW turbines have been installed at the 165MW Nobelwind offshore wind farm in the Belgian North Sea, Parkwind, the developer and part owner of the wind farm, reports.
Interview: European LNG terminal owners looking for new ways to boost utilization
European liquefied natural gas (LNG) import terminal operators are constantly searching for new ways to improve capacity utilization and make it commercially viable for their customers to bring more of the chilled fuel to the continent, Stefaan Adriaens, Commercial Manager at the Dutch Gate terminal
Trinidad’s LNG production down 9 pct in Jan
Trinidad and Tobago’s liquefied natural gas (LNG) production has dropped again due to ongoing gas supply shortfalls in the country. LNG production at the Point Fortin liquefaction and export facility was down 8.7 percent in January year-on-year to 2.2 million cubic meters, according to the data by T
Laing O’Rourke takes 800 workers off Ichthys LNG project
UK-based LNG engineer Laing O’Rourke has pulled 800 of its workers from the Ichthys LNG storage tank project after not receiving payments for its work for several months.
Over 800 workers abandon Ichthys project site
More than 800 workers have been made redundant from the approx. $34 billion worth Inpex-led Ichthys gas project in Darwin, Australia. The Ichthys LNG project consists of three constituent parts. It incorporates facilities offshore the Western Australian coast, onshore processing facilities in the No
Petrobras oil and gas production drops in February
Brazil’s state-owned energy giant Petrobras said its oil and gas production in February totaled 2.82 million barrels of oil equivalent per day (boed).
Ineos buys Engie’s UK onshore shale acreage
Ineos Shale, part of the Ineos Group, has completed the acquisition of the entire UK onshore petroleum exploration and development license interests of Engie E&P UK.
Eidesvik completes offshore construction vessel sale
Norway-based owner of offshore support and construction vessels Eidesvik Offshore has delivered the Viking Poseidon offshore construction vessels (OCV) to its new owner. To remind, Eidesvik in late February signed a memorandum of understanding for the sale of the Viking Poseidon OCV to an unnamed bu