News
Clean Energy narrows losses
Clean Energy Fuels, one of the largest providers of natural gas fuel for transportation in North America narrowed its losses in the fourth quarter and the year 2016.
Anadarko to splash $770 million on exploration, Mozambique LNG
Woodlands-based Anadarko on Tuesday said it would spend about $770 million this year into its liquefied natural gas (LNG) development in Mozambique and the company’s deepwater and international exploration program. The U.S. oil and gas company expects its initial capital budget for 2017 to be betwee
Spotted: Liverpool2 Container Terminal Welcomes HS Paris
HS Paris, a Post-Panamax containership owned by German-based corporation Hansa Treuhand, berthed at the Liverpool2 deep-water container terminal on March 6, becoming the largest boxship to ever call at the Port of Liverpool following the phase 1 opening of the facility in November 2016. “This is a h
Anadarko to spend over $1B on Gulf of Mexico and international assets in 2017
American oil and gas company Anadarko Petroleum Corporation plans to spend around $1.1 billion on its U.S. Gulf of Mexico and international assets during this year. The oil company on Tuesday announced its 2017 initial capital program of $4.5 to $4.7 billion. Out of this total amount, Anadarko expec
EIA cuts 2017 Henry Hub price estimate
The U.S. Energy Information Administration has slashed its forecast for Henry Hub natural gas spot prices this year due to warmer weather in winter across the country. In its latest Short-Term Energy Outlook released on Tuesday, the agency said Henry Hub gas prices would average $3.03 per million Br
World’s largest independent E&P company teaches poetic strategy at CERAWeek
ConocoPhillips, the world’s largest independent E&P company, on Tuesday provided insights into its seemingly simple yet effective strategy that has enabled the company’s reserve base of 18 billion barrels of resources at less than $40 cost of supply. Matt Fox, Executive Vice President, Strategy, Exp
VIDEO: Pemex, BHP Billiton talk Trion pact at CERAWeek in Houston
Just a few days after the execution of a historic contract between BHP Billiton and Pemex to start work on the Trion discovery in offshore Mexico, the two firms’ execs held a press conference in Houston, presenting the project. Offshore Energy Today’s reporter was there to record the whole presentat
Saudi oil minster: No more ‘free rides’
Saudi Arabia’s oil minister Khalid Al-Falih has made it clear that the times of OPEC cutting production to stabilize oil prices without the contribution of the non-OPEC nations are gone. Speaking at the CERAWeek conference organized by IHS Markit, Al-Falih expressed optimism about the market fundame
Trump’s New EO Gives Headaches to Seafarers
Crew members who are nationals from Iran, Libya, Somalia, Sudan, Syria and Yemen shall be denied entry to US ports unless they hold a valid visa, according to the new executive order issued by US President Trump. The new executive order “Protecting the Nation from Foreign Terrorist Entry into the Un
Walkouts Planned across EU Ports to Back Spanish Dockworkers
As the Spanish government postpones voting on the port reform for another week, international dockworkers unions from neighboring countries are planning to join industrial action in support of their Spanish colleagues. Namely, the bill amending the Ports Act of 2010 was scheduled to be debated and v
Safety probe finds flaws after fire on Statoil’s Statfjord A
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has completed its investigation of the fire which broke out on Statoil’s Statfjord A platform offshore Norway in October 2016 and identified breaches of regulations. Statfjord A is a North Sea production platform that has a con
US FMC Eases Ocean Transportation Rules
The US Federal Maritime Commission (FMC) has voted to amend its rules involving Service Contracts and NVOCC Service Arrangements (NSAs) in order to ease regulatory burdens and make the agency’s rules more consistent with how the ocean shipping business is now practiced. “The Commission examined regu
Chevron says expects first LNG from Gorgon Train 3 in March
US-based energy giant Chevron expects to produce first liquefied natural gas (LNG) from the third liquefaction train of its giant Gorgon facility in Western Australia by the end of this month. “Train 3 construction and commissioning has gone smoothly and we are expecting first LNG before the end of
VIDEO: Kongsberg Maritime Adds New Research Vessel to Its Fleet
Kongsberg Maritime, a Norwegian technology company, has added a new research vessel to its fleet. The new research vessel, named Sølvkrona, is specially designed for testing of autonomous technologies. The Harbor Master from Horten, Bente Levin, christened the new vessel. According to Kongsberg, the