News
Works on Hywind Scotland Foundations in Full Swing
Navantia started welding together the first blocks for the first Hywind Scotland floating foundation at the assembly area of its Fene yard in Spain. Each of the five spar-type floating foundations will be made of five blocks, and Navantia currently has around 15 blocks in different fabrication stage
Atlantic Petroleum mulls Orlando options
Faroese oil company Atlantic Petroleum is looking at options for the Orlando field in the UK sector of the North Sea after a deal to sell its stake to Bridge Petroleum fell through last Thursday. Earlier this year, Atlantic Petroleum entered into a sale and purchase agreement with Bridge Petroleum f
Pavilion Energy CEO calls for cooperation for sustainable LNG future
New LNG markets, greater cooperation and the development of new liquefied natural gas ecosystems have the potential support growth in LNG demand and provide a sustainable LNG future, according to Seah Moon Ming, CEO of Pavilion Energy.
Report: JBIC to loan $211 million to Yamal LNG
The Japan Bank for International Cooperation is readying a €200 million (Approx: US$211.5 million) loan for the Novatek-operated Yamal LNG project in Russia.
Woodside CEO: new LNG projects must be underpinned by long-term contracts
The era of 20-year contracts is not over as suppliers cannot fund the massive investment required to build new LNG projects without long-term commitments from buyers, Peter Coleman, CEO of Australian LNG player Woodside said on Thursday. Coleman said this at the LNG Producer-Consumer Conference in T
Ports in Panama Brace for Hurricane Otto
Some ports and terminals in Panama including Port Cristobal and Manzanillo International Terminal (MIT) have ceased operations as Hurricane Otto progresses through Central America, GAC informed. In addition, harbor movements have been suspended in the region. Panamanian national authorities have iss
LIPA, Deepwater Wind to Agree on South Fork OWF by Year End
Deepwater Wind and the Long Island Power Authority (LIPA), who were set to reach an agreement on the 90MW Deepwater ONE – South Fork project in July, are now expected to do so by the end of this year, according to the national media. Namely, LIPA was expected to approve the offshore wind farm off Lo
IEA vows to bring more transparency into LNG market
While the globalization of natural gas has been boosted by the rise of LNG market, the energy security implications of this development have been less scrutinized.
Qatar Port Management Company Moving Container Ops to Hamad Port
Qatar Port Management Company is getting ready to transfer all container terminal operations from the Port of Doha to the new Port of Hamad, German shipping major Hapag-Lloyd informed. The Port of Hamad is expected to commence vessel operations, discharging and loading activities from December 1, 20
UK: Hammond gives no further support to oil & gas sector
The UK Chancellor of the Exchequer Philip Hammond on Wednesday presented his first and last Autumn Statement reaffirming the government’s commitments to UK’s oil and gas sector without adding any new significant commitments. Namely, the Chancellor said in his speech on Wednesday: “We will deliver th
Po Valley lands preliminary production concession for gas field off Italy
Australian oil & gas exploration, development, and production company Po Valley Energy has been awarded a preliminary production concession for the company’s 47 billion cubic feet (bcf) offshore Teodorico gas field in the northern Adriatic Sea. Po Valley said on Thursday that the offshore production
FERC denies Sierra Club’s rehearing request of Magnolia LNG order
Perth-based Liquefied Natural Gas Limited on Thursday informed that the US Federal Energy Regulatory Commission denied a request for rehearing of its authorization of the Magnolia LNG project.
Fatigue crack forces OMV to shut in Maari platform
OMV has ceased oil production and is de-manning the Maari wellhead platform (WHP) offshore New Zealand. The Maari field is located 80 km off the Taranaki coast in water depths of about 100m. It is operated by OMV New Zealand Ltd (69%) on behalf of the Maari JV which includes Todd Maari Ltd (16%), Ho
Technip, FMC merger given EU clearance
LNG-engineer Technip and Houston-based FMC Technologies on Wednesday said they have cleared another hurdle for their proposed combination by receiving the clearance from the European Commission.