News
Three Dead, 12 Missing in Collision off Indonesia
Three people were reported deceased while 12 were missing after two vessels collided off the coast of Indonesia’s East Java province, according to Indonesian National Search and Rescue Agency (Basarnas). The vessels which took part in the collision are the local fishing boat Mulya Sejati, which sank
ConocoPhillips selling Kenai LNG export plant
Houston-based energy giant and LNG player ConocoPhillips said it is in the initial stages of marketing the liquefied natural gas export facility on the Kenai Peninsula in Alaska.
Iran crucial for OPEC production cut deal, secretary says
OPEC Secretary General, Mohammad Sanusi Barkindo, met with Iran’s Minister of Petroleum, Bijan Namdar Zanganeh, during a closed-door session on November 19 in Tehran. The visit comes ahead of the much-awaited OPEC meeting in Vienna on November 30, where OPEC members will decide whether to cut oil pr
Petrobras ordered to stop sale of two offshore fields to Karoon
Australian energy company Karoon Gas has hit an obstacle in its efforts to buy stakes in two fields offshore Brazil from the state-owned oil giant Petrobras as the latter was ordered by the court to stop the sale process. Petrobras revealed back in October this year it was in talks with the Australi
Japan boosts October LNG imports
Japan, the world’s largest LNG consumer, raised its imports in October by 3.7 percent year-on-year. The East Asian island country imported 6.28 million mt of LNG in October, as compared to 6.06 million mt last year, according to the provisional data released by Japan’s Ministry of Finance. The data
Operational and performance tests progress at Dunkirk LNG terminal
Operational and performance tests, part of the Dunkirk LNG commissioning, are 60 and 30 percent complete, respectively.
Advertorial: Markel International Launch New Subsea Insurance Product
By Markel International Specialist insurer Markel International is now offering insurance cover specifically designed for the diverse and constantly evolving marine equipment market. Andy Lane and David Stallard, who have recently joined the company with a combined 45 years of experience, have produ
India’s LNG imports continue to rise
India’s imports of liquefied natural gas (LNG) increased 18.6 percent in October as compared to the same month a year ago, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). The country imported 2,262 million metric standard cubic metres (mmscm) of LNG in October,
Obama administration removes Arctic from offshore lease sale plan
The outgoing Obama Administration has removed the Arctic from the proposed 2017-2022 offshore oil and gas lease sale program. Presenting the plan on Friday, Department of Interior’s secretary, Sally Jewell, said there would be no lease sales in the Beaufort and Chukchi Seas, offshore Alaska. During
Sovcomflot profit down 36 pct YoY
Russia’s largest shipping company Sovcomflot posted a 36.2 percent drop in its third-quarter net profit in a”challenging” tanker market. Sovcomflot reported a net income of US$52.1 million as compared to $81.6 million in the same period last year. “Despite the tanker market conditions being challeng
Shearman & Sterling advises Golar Power on Sergipe LNG-to-power project
New York headquartered law firm Shearman & Sterling said it is serving as Golar Power’s advisor in connection with the development of Porto de Sergipe LNG-to-power project in Brazil.
Wärtsilä to deliver natural gas-fired power plant to Argentina
Wärtsilä of Finland has been contracted to supply a 101-MW power generation plant to Pampa Energía in Argentina, featuring multi-fuel engines running on natural gas and heavy-fuel oil.
UK: New industry group set to maximize Southern North Sea gas reserves after members revealed
A steering group of offshore companies working together to explore opportunities to maximize remaining gas reserves in the Southern North Sea (SNS) has been appointed. According to UK’s Oil & Gas Authority (OGA), a mix of operators, duty holders, service businesses and supply chain organisations wil
Popular news, November 14 – 20, 2016
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