News
Shell to shut Glasgow finance office and cut 380 jobs
Global oil and gas giant Shell has informed its employees in the finance operations office in Glasgow that it would lay them off and shut the office there. The decision follows a review of Shell’s global finance operations network, the company said. Shell said that on Wednesday morning, senior manag
EAGC: still too early to feel impacts of U.S. LNG, Cheniere’s Walker says
U.S. LNG exports will have a “fundamental impact” on the market, however, these are still limited as only two liquefaction trains are currently in operation in the lower 48 states, Andrew Walker, Cheniere Marketing’s vice president for strategy said on Wednesday.
Indonesia: Kalla Group to build Bojonegara LNG import terminal
Indonesia’s Kalla Group on Monday said that, through its unit Bumi Sarana Migas, it is ready to build an LNG receiving terminal in Bojonegara, Banten.
POLB’s Container Volumes Still Affected By Hanjin Woes
US Port of Long Beach’s (POLB) container volumes are still hit by the Hanjin Shipping’s bankruptcy as the port recorded a 6.2 percent decrease in its October throughput, compared to the same month last year. A total of 581,808 TEUs were moved through docks in October 2016, against 619,983 TEUs in th
European Shipping Industry Should Not Ignore China’s OBOR Project
The European shipping industry cannot afford to ignore China’s One Belt One Road (OBOR) policy, dubbed the biggest event of the 21st Century, which is set to redefine trade patterns between Asia and Europe with enormous impact on the maritime sector, according to international law firm Ince & Co. Th
South Korea focuses on LNG-fueled vessels to aid shipbuilding industry
South Korea is looking to increase the number of LNG-fueled ships in order to meet the global cap on sulphur content for marine fuels will come into effect from January 2020.
DNV GL advances support for adoption of LNG as fuel
The widespread adoption of LNG as fuel is facing a number of challenges one of which is the varying composition of LNG fuel globally.
IEA: Gas and renewables set for big growth. Fossil fuels far from over
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, according to the latest edition of the World Energy Outlook, the International Energy Agency’s f
IEA: gas and renewables ‘winners’ of the next 25 years
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, the International Energy Agency said in its latest World Energy Outlook.
Golar LNG raising funds through stock offering
Golar LNG on Monday said it has offered 6,500,000 shares of its common stock priced as US$23.50 per share.
Antrim sells Irish subsidiary
Antrim Energy Inc., an international oil and gas exploration company, will sell its Ireland subsidiary to AzEire, making a step towards the dissolution of the corporation, earlier approved by its shareholders. The company said on Wednesday it reached a deal with AzEire to sell its Ireland subsidiary
Oil prices extend rally, shrug off U.S. stock build
By Aaron Sheldrick TOKYO (Reuters) – Oil futures rose on Wednesday, shrugging off an industry report that showed an unexpected build in U.S. crude stocks, and adding to gains of nearly 6 percent from the previous session. Oil prices had surged on Tuesday as members of the Organization of the Petrole
Trump looks to Bush-era for new head of U.S. environmental agency
By Valerie Volcovici WASHINGTON (Reuters) – President-elect Donald Trump’s short-list of contenders to head the U.S. Environmental Protection Agency includes two current energy industry lobbyists who held leading roles there under Republican President George W. Bush, according to two sources with kn
Safety body probes Martin Linge living quarters construction
Norway’s petoleum safety watchdog, the Petroleum Safety Authority (PSA), has found an irregularity during an audit of Total’s management of the construction of the living quarters for the Martin Linge development offshore Norway. PSA said on Wednesday that one non-conformity was identified during th