News
Awilco LNG reduces net loss
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, posted a lower net loss in the fourth quarter of 2016 as compared to the same quarter a year ago. Awilco LNG reduced its net loss to $2.5 million in the fourth quarter, as compared to $12.6 million in 2015. Awilco LNG’s freight income
Origin submits Beetaloo shale results to Northern Territory
Origin Energy of Australia has submitted a report to the Northern Territory government indicating the existence of a material shale gas resource within the onshore Beetaloo Basin. The submission follows the completion of extended production testing at the Amungee NW-1H exploration well in the Basin.
Vos Logistics expanding LNG truck fleet
Vos Logistics, the European logistics services provider, said it plans to add more liquefied natural gas (LNG) trucks to its fleet to further reduce greenhouse gas emissions.
Update: Fire onboard APL Austria Contained
The fire that broke out on the giant Liberian flagged boxship APL Austria while sailing off South Africa has been contained, but its situation is still being closely monitored, the South African Maritime Safety Authority (SAMSA) informed in an update. The fire broke out on Sunday afternoon in one of
Interview: Optimists hoping for $60 a barrel, not $115
DNV GL has recently launched a report providing the 2017 outlook for the oil and gas industry. The company has interviewed 723 representatives from the industry hoping to get a better picture when it comes to what to expect in the year ahead. Offshore Energy Today has, in turn, interviewed Senior Vi
Oil rises as OPEC-led output cuts trim oversupply
By Christopher Johnson LONDON (Reuters) – Oil strengthened slightly on Tuesday, supported by an OPEC-led effort to cut output while rising production elsewhere kept prices within the narrow ranges that have contained them so far this year. Brent crude <LCOc1> was 55 cents higher at $56.14 a barrel b
Enagás’ 2016 profit edges up
Spanish LNG terminal operator, Enagás reported a net profit of €417.2 million (Approx: US$443 million) in 2016, 1,1 percent up on the year before.
Minister: Shell, Pavilion to start Singapore LNG supplies later this year
Shell and Pavilion are expected to start supplying Singapore with liquefied natural gas (LNG) later this year, according to the country’s trade and industry minister, S. Iswaran. Shell Eastern Petroleum, a unit of the Hague-based LNG giant Shell, and Pavilion Gas, a subsidiary of privately held Sing
Eni completes Shorouk concession stake sale to BP
Italian oil and gas company Eni completed the sale of a 10 percent stake in the Shorouk concession, offshore Egypt to BP.
Origin hires Woodside’s Tremaine as CFO
Origin Energy, the owner of a 37.5 percent stake in the Australia Pacific LNG project, has appointed Lawrie Tremaine as its new chief financial officer. Lawrie joins Origin from Australian LNG player Woodside where he is executive vice president and chief financial officer. He will be a member of th
Golar looking to cash in through $350 mln offering
Golar LNG intends to offer US$350 million senior notes due 2022 to fund the operations and cost of the initial capped call transactions.
Eni completes Zohr stake sale to BP
Italian oil company Eni has completed the sale of its 10% interest in the Shorouk concession, which contains the giant Zohr gas discovery off Egypt, to the British oil major BP. Eni reported on Monday that its CEO, Claudio Descalzi, CEO of BP, Bob Dudley, and the Egyptian Minister of Petroleum, Tare
Gazprom, Linde talk oil and gas cooperation
Russian giant Gazprom and Linde discussed the cooperation in the oil and gas sector during a meeting at the Gazprom headquarters.
APL Austria Hit by Major Fire off South Africa
A Liberian flagged cargo vessel identified as APL Austria has suffered a major fire offshore South Africa, the South African Maritime Safety Authority (SAMSA) said on Monday. The fire broke out on Sunday afternoon while the containership with 21 crew onboard was 30 nautical miles South-West of Cape