News
EIA slashes 2017 Henry Hub price estimate
The U.S. Energy Information Administration has cut its forecast for 2017 Henry Hub natural gas spot prices. In its latest Short-Term Energy Outlook, the agency said Henry Hub gas prices would average $3.43/MMBtu in 2017 and $3.70/MMBtu in 2018. These estimates are down 12 cents and 3 cents, respecti
Unique Group targets Kazakhstan market through new partnership
Provider of integrated subsea and offshore solutions Unique Group has entered into the Kazakhstan market through a partnership with Kazakh firm Caspian InterIndustrial Company (CIC). Unique said on Wednesday that the agreement would cover the territory of Kazakhstan and result in the establishment o
Sea Emperor’s Seafarers Left without Pay and Warm Clothing
Seafarers on board the chemical tanker, Sea Emperor that was held at Fawley Port, the UK, were found to be without warm clothing for days and their wages unpaid for three months, according to Catholic charity Apostleship of the Sea (AoS). The Marshall Islands-flagged ship, built in 2008, was detaine
Klaipedos Nafta LNG terminal revenue drops in January
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal reported a 4.9 percent drop in sales revenue from the facility during January 2017.
Photo of the Day: MPI Enterprise Shows Her Vroon Colours ahead of Nordsee One Work
MPI Offshore’s jack-up vessel MPI Enterprise has recently undergone her periodic drydocking in Hamburg prior to heading out to install Senvion wind turbines on the 322MW Nordsee One offshore wind farm. During her stay in dock, she was painted in Vroon red and labelled with Vroon’s white letter V. In
New oil prospects unlocked on Cairn’s Senegal acreage
New 3D seismic data interpretation has unlocked “numerous, highly attractive, oil prospects” on the Cairn Energy-operated acreage offshore Senegal. Cairn’s partners in three blocks offshore Senegal – Sangomar Deep, Sangomar Offshore, Rufisque Offshore – are ConocoPhillips with 35% working interest,
InterOil enters $470 million credit facility
Papua New Guinea-focused player InterOil has entered into a new $470 million senior secured credit facility. Once the conditions precedent are satisfied, the new facility will refinance and replace the existing US$400 million secured capital expenditure facility, InterOil said on Tuesday. InterOil i
Gasum puts focus on growing Nordic gas market as profit drops
Gasum of Finland is turning its focus on expanding the Nordic gas market based on biogas, natural gas and LNG after selling its heat and natural gas retail business.
Indonesia’s Bontang LNG to have up to 32 uncommitted cargoes available in 2017
Indonesia’s Bontang LNG export plant expects there will be up to 32 uncommitted cargoes from the facility in 2017. The number of uncommitted cargoes is one-fifth of the plant’s estimated production of around 160 cargoes this year. The uncommitted LNG will be sold in spot market, Reuters cited Bontan
EY: Shift to long-term strategy vital for UK’s oilfield services suppliers
As the UK’s oil and gas sector begins to show signs of recovery from the toughest year on record, it is vital that the oilfield services (OFS) industry makes a permanent shift in strategy from short-term survival to long-term success, according to analysis published by EY on Tuesday. EY’s the ‘Revie
Industry majors join forces on Pakistan FSRU project
Höegh LNG, together with Qatar Petroleum, Total, Mitsubishi and ExxonMobil formed a consortium to advance an LNG import project in Pakistan.
Qatar Petroleum eyes international expansion
Qatar Petroleum is exploring oil and gas in Morocco and Cyprus as it aims to expand its international business, including liquefied natural gas (LNG). State-owned QP, the world’s largest LNG producer, has been pursuing deals in Cyprus where it “won a bid for 40 percent of a plot for exploration” and
Video: operations process at Dunkirk LNG terminal
Madrid Spirit, Teekay’s 135,243-cbm LNG carrier, delivered the first cargo to France’s fourth liquefied natural gas regasification terminal in July last year.
Ezra faces wind-up threat as Forland seeks its cash
Offshore vessel owner Forland Subsea no longer wants to wait and has served Singapore’s Ezra Holdings a statutory demand seeking payments owed for a vessel charter. To remind, Ezra’s subsidiary EMAS AMC missed the payment for the charter hired for Forland’s Lewek Inspector vessel for October 2016. A