News
Petrobras Jan-Sep LNG imports down by 63 pct
Brazil’s state-controlled oil and gas company Petrobras said Friday its liquefied natural gas (LNG) imports dropped by 63% in the January-September period. LNG imports into Brazil stood at 42 Mbbl/d (thousand barrels per day) in the mentioned period, as compared to 112 Mbbl/d the year before, Petrob
ConocoPhillips slashes capex, plans to raise up to $8 billion from asset sales
Houston-based energy giant and LNG player ConocoPhillips plans to further reduce capital expenditure and to sell up to $8 billion in natural gas assets. ConocoPhillips on Thursday revealed a $3 billion share repurchase program and the initiation of a $5 to $8 billion divestiture program, which will
Alarm goes off on Statoil’s Gullfaks A platform
Statoil has been hit by another incident on one of its platforms offshore Norway. According to Aftenbladet, a Norwegian business news website, an alarm went off on a night from Thursday to Friday on the Gullfaks A platform with 194 workers on board. The website also reported that the alarm went off
Gibraltar Port Becomes Part of Marine LNG Society
The Gibraltar Port Authority (GPA) has joined the non-governmental organisation Society for Gas as a Marine Fuel (SGMF), established to promote safety and industry best practice in the use of gas as a marine fuel. During his speech at the opening of the International Bunker Industry Association’s (I
BP recovers body of worker missing from Deepwater Gunashli platform
BP has recovered the body of an offshore worker who went missing from a BP-operated platform in Azerbaijan. BP on Friday confirmed to Offshore Energy Today that the body of the person reported missing on November 8, 2016, has been recovered. “BP, as operator of the Azeri-Chirag- Deepwater Gunashli f
Canada a Step Closer to Removing Cargo Ship Wreck
The Canadian authorities have taken a step toward the permanent removal of the general cargo vessel Kathryn Spirit from the shores of Beauharnois, Quebec as the first phase of the operation is set to begin in December 2016. Namely, Groupe St-Pierre will start work to further secure the vessel, which
Report: Bontang LNG expects output decline in 2017
Indonesia’s Bontang LNG plant is expecting a decrease in output of about 10 percent in 2017, according to Badak LNG CEO Salis Aprilian. Aprilian told Reuters that the facility is expected to export 160 cargoes in 2017, compared to an expected 177 cargoes for the current year. Badak LNG, the operator
GERMANY UPDATE
Since the last time we looked at the status of Germany’s offshore wind industry only two years ago in July 2014, the number of operational offshore wind turbines has jumped from just 141 capable of producing 616MW to 835 grid connected turbines capable of 3,552MW in July 2016 and another 54 installe
Australia: Queensland offers more CSG exploration acreage
The Queensland government on Friday released two prospective areas for petroleum and gas exploration in the Surat and Bowen basins.
China’s Hony Capital buys stake in Santos
Chinese private equity firm Hony Capital has bought a 2.25 percent stake in Australian LNG player Santos. Santos said in a statement on Friday that Hony Capital bought 40 million shares worth A$159.2 million ($121.2 million) after market close on Thursday. The Chinese group now owns about 3.2 percen
Port State Control to Focus on Sulphur Limit Regulations
Port State control authorities across 45 countries and 5 continents – South America, North America, Europe, Asia and Australia – have agreed to carry out a so-called Concentrated Inspection Campaign (CIC) in 2018 focusing on air pollution from ships. The focus on the sulphur limit regulations will b
Gazprom, JBIC talk investment in Sakhalin II’s third LNG train
Japan Bank for International Cooperation could finance the third liquefaction train at Russia’s only LNG export facility, the Sakhalin II.
Gibraltar Port Authority becomes member of SGMF
Gibraltar Port Authority has joined the Society for Gas as a Marine Fuel, said Fabian Picardo, the chief minister of the British overseas territory located on the southern end of the Iberian Peninsula, next to Spain.
Inpex encounters “strong gas indications” off Japan
Japanese LNG terminal developer, Inpex on Friday said it has completed the drilling operations at an exploratory well offshore Shimane and Yamaguchi prefectures.