News
Jiangsu Hantong Cuts Steel for Wind Farm Installation Vessel
Chinese shipbuilder Jiangsu Hantong Ship Heavy Industry has held a steel cutting ceremony for a jack-up wind farm installation vessel being built for Nantong Ocean Water Construction.
Steelhead LNG names new CFO
Steelhead LNG, a Vancouver-based energy company developing LNG projects in British Columbia, named Kerri Fox, former head of BBVA Securities’ project finance North America business, as a chief financial advisor.
Woodside CEO Coleman gets pay cut
Australian LNG player Woodside revealed on Tuesday that its Chief Executive Peter Coleman has taken a nearly $850,000 pay cut despite the fact that the company posted a jump in its profit last year. Coleman, who has been at the helm of Woodside since 2011, received $6.71 million in total compensatio
Venture Global files formal application for Plaquemines LNG project
Venture Global LNG filed a formal application with the US Federal Energy Regulatory Commission requesting authorization to site, construct and operate the Plaquemines LNG export terminal.
Cobalt gets NYSE warning
Houston-based oil company Cobalt International Energy is in violation of the listing standard at The New York Stock Exchange (NYSE) with a six month deadline to regain compliance. Cobalt announced that on February 27, 2017, it was notified by NYSE that the company is no longer in compliance with cer
Sempra logs higher profit
San Diego-based energy company and LNG operator Sempra Energy on Tuesday reported a 4 percent rise in its fourth-quarter profit. Sempra Energy’s fourth-quarter adjusted earnings rose to $383 million, or $1.52 per diluted share, compared with $367 million, or $1.46 per diluted share, in the fourth qu
Tamarind gains control of Tui
Australian oil and gas company AWE has completed the sale of its 57.5% interest in the Tui Area Oil Project off New Zealand, including the transfer of operatorship, to Malaysia’s Tamarind Management. AWE said on Wednesday that the 57.5 percent interest in Tui was for a cash consideration of $1.5 mil
ECSA: EU Shipping Policy Needs Global Focus
To achieve further growth, the EU shipping policy needs to be globally oriented and aimed at improving the region’s competitiveness as a location for international shipping, a study by Monitor Deloitte says. The study was commissioned by the European Community Shipowners’ Association (ECSA) as an in
Ireland looks to LNG, France supply line in ‘post-Brexit era’ – minister
By Alissa de Carbonnel BRUSSELS (Reuters) – Plans to ease Ireland’s near total dependence on energy imports via Britain have shot to the top of the agenda, the nation’s energy minister said on Monday, as it grapples with the risk of how Brexit could alter ties with its key partner. Two projects long
Chevron-led consortium inks exploration deal for Mexico deepwater block
An international consortium led by Chevron has signed an exploration contract with Mexico’s National Hydrocarbons Commission (CNH) for Block 3 in the deepwater Gulf of Mexico. The consortium consisting of Chevron’s subsidiary Chevron Energía de Mexico, S de R.L. de C.V as operator and Pemex Explorac
Knot Offshore adds Tordis Knutsen to shuttle tanker fleet
Knot Offshore Partners has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Tordis Knutsen. In a transaction that involves several companies, Knot Shuttle Tankers AS, a subsidiary of Knot Offshore Partners, has entered into a purchase agre
Cargo Ship Grounds off Ecuador
General cargo ship Isla Bartolomé ran aground Thursday on a sandbar at the coast of Puna Island in Ecuador while en route to Galapagos Island and listed on its side partially sinking. It has been reported that the grounding occurred shortly after the ship departed the port of Guayaquil, leaving the
MSI: Boxship Sector Entering Calmer Waters
The containership sector has started 2017 in a positive mood, with each of the industry’s drivers – demand, supply and earnings – in a healthy shape. Maritime Strategies International (MSI) expects the sector to move into the next quarter with a reinforcement of this encouraging trend. In terms of d
BP geared up for growth, CEO says
The UK-based energy giant and LNG player, BP said the company expects to see the growth of its major operating segments over the next five years.