News
Vitol, Hascol, form LNG joint venture in Pakistan
Pakistan’s distributor of petroleum products, Hascol Petroleum has set up a separate company to explore the business opportunities in the LNG sector.
GasLog offering $250 million in senior notes
Monaco-based LNG shipper GasLog said Monday it intends to offer $250 million senior secured notes due 2024. The company plans to use the net proceeds from the offering for repayment of debt and general corporate purposes, including working capital. Stifel, Nicolaus & Company, Incorporated and DNB Ma
Ezra hit with $194.5 million claim over vessel charter
Emas Offshore, a subsidiary of Ezra Holdings, has received a notice of charter termination for the pipelay construction vessel Lewek Champion by Hai Jiang 1401, the vessel-owning unit of ICBC Financial Leasing Co. Ltd. Both Emas Offshore and parent company Ezra said on Sunday that they received the
Klaipedos Nafta: LNG reloading station tanks moving into position
Klaipedos Nafta said the first LNG storage tank for its liquefied natural gas reloading facility is set to be transported to the site at its oil terminal in the Port of Klaipeda.
Dutch offshore wind experience shows Japan way forward
By Kjeld Duits The remarkable success of offshore wind development in the Netherlands has caught the attention of the Japan Wind Power Association (JWPA). The Japanese organization believes the small European country is a much better model for Japan than the far larger markets of Germany and the UK.
LNG Blue Corridors project beats targets
The LNG Blue Corridors project, four years after it started, has already surpassed a number of targets set initially.
Norway nominates 102 offshore blocks with spotlight on Barents Sea
After the Norwegian government invited oil companies to nominate blocks for the 24th licensing round in August last year, it has now proposed a total of 102 nominated blocks for public consultation. The Norwegian government said on Monday that 93 blocks are in the Barents Sea while the remaining nin
Spotted: Giant Boxship Arrives at Suez Canal Container Terminal
On March 8, Egypt’s Port Said East welcomed the 18,300 TEU containership Mette Maersk, which became the second Triple-E class vessel to call an Egyptian port and the first with a commercial stop at the port’s Suez Canal Container Terminal (SCCT). Owned by Danish container shipping giant Maersk Line,
Investment in digitalization set to rise as senior professionals see path to profitability
By DNV GL New research by DNV GL, the technical advisor to the oil and gas industry, shows the digitalization of the sector has been increasing steadily in 2016, with significant progress in digital technologies, including artificial intelligence, automation, predictive analytics and machine-to-mach
LNG shipping giant Nakilat sees bright future despite “volatile” market conditions
Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipper, held its annual general meeting on Sunday in Doha to review last year’s results. The LNG shipping giant sees a bright future for the industry despite the current economic challenges, low oil and gas prices and overcapacity in
Wood Group makes $2.7B takeover offer for Amec Foster Wheeler
UK-based energy services company Wood Group has made an offer to acquire its compatriot consultancy, engineering and project management company, Amec Foster Wheeler. The two companies said on Monday they have agreed the terms of a recommended all-share offer by Wood Group to acquire the entire issue
Bangladesh-Flagged Ship Detained in Singapore
General cargo vessel Banga Barta has been arrested in Singapore waters, according to data provided by Supreme Court of Singapore. The 7,900 dwt ship, owned by Bangladesh-based HRC Shipping, was detained for undisclosed reasons in the evening hours of March 9. Focal Investigation & Security Agency ha
Subsea 7 buys Seaway Heavy Lifting
Subsea engineering, construction and services company Subsea 7 has announced the acquisition from K&S Baltic Offshore of its 50% shareholding in Seaway Heavy Lifting. In addition to 50% interest already owned by Subsea 7, the company made an offer to acquire the other half in Seaway Heavy Lifting, a
TGS to start new seismic shoot in Barents Sea
TGS, a marine seismic data acquisition specialist, will begin a new multi-client acquisition project in the Barents Sea soon. TGS said on Monday that the project, named Carlsen 3D (CAR17 3D), is a 5,490-square kilometer multi-client survey in open acreage located in the Southwest Barents Sea between