News
Petronet LNG: expanded Dahej terminal fully commissioned
India’s largest importer of liquefied natural gas, Petronet LNG, commissioned the second phase of the Dahej LNG terminal’s expansion project.
World Wide Supply puts last two active vessels in layup
Offshore service vessel company World Wide Supply (WWS) is about to see its whole fleet laid up as the company’s last two active vessels are now without contracts. Namely, WWS said on Tuesday that the last two vessels on charter to Petrobras, World Emerald and World Sapphire, have now been redeliver
Gazprom raises 2016 investments
Russian gas giant Gazprom said on Tuesday it has decided to increase its 2016 investment programme by 11 billion roubles (US$175 million). The company’s adjusted investment programme now stands at 853 billion roubles, as compared to 842 billion roubles approved in December 2015. “The adjustments to
Norway: Oil output drops by 11 pct YOY over field shutdowns
September oil production in Norway dropped 11 percent compared to the same period last year due to maintenance activities on several fields and temporary production halt on Eni’s Goliat field, the Norwegian Petroleum Directorate (NPD) reported on Tuesday. According to the agency, preliminary product
PNG LNG production hits record high
The ExxonMobil-operated PNG LNG project achieved the highest quarterly production rate since it came onstream in 2014, co-owner Oil Search said on Tuesday. The US$19 billion LNG project produced at an annualised rate of approximately 8.1 MTPA in the third quarter, 10% higher than in the previous qua
UK: Over 3 billion boe remain in 350 unsanctioned discoveries, OGA says
According to information released by the UK’s Oil and Gas Authority (OGA), more than three billion barrels of oil equivalent (boe) remain in approximately 350 unsanctioned discoveries across the UK Continental Shelf (UKCS). OGA said on Tuesday that the majority of the three billion are in ‘small poo
DOE: Cheniere’s Sabine Pass LNG exports reach 89.44 Bcf
Cheniere’s Sabine Pass export facility shipped eight cargoes of liquefied natural gas in August, bringing the total volumes exported in February-August period to 89.44 billion cubic feet.
Oil Search revenue climbs on higher LNG prices
Oil Search, the owner of a 29 percent stake in the ExxonMobil-operated PNG LNG project, said its third-quarter revenue rose 16 percent on higher LNG prices. Revenue rose to US$309.5 million in the third quarter of this year from $267.7 million in the June quarter. “The average realised oil and conde
Titan LNG opens regasification unit for Eikelenboom Cleaning
Titan LNG, the supplier of liquefied natural gas to marine and industrial markets in northwest Europe, launched the containerized LNG regasification unit in the port of Amsterdam for Eikelenboom Cleaning.
Russia, India to study gas pipeline options
Russian gas giant Gazprom on Saturday signed a memorandum of understanding with Engineers India on conducting joint studies for a gas pipeline that would stretch from Russia to India. Alexey Miller of Gazprom and Sanjay Gupta, Chairman and Managing Director of Engineers India signed the agreement in
Teekay LNG Partners eyes bonds issuance to fund newbuilds
Teekay LNG Partners, a partnership formed by Teekay Corporation, intends to issue new five-year senior unsecured bonds in the Norwegian bond market.
A look back at the development of OWC
As we are gearing up for the Offshore WIND Conference (OWC) we want to take you back a couple of months to how we developed the program together with our OWC advisor and partner Chris Westra. Looking back we asked Westra to reminisce on the initial idea of the program. “Our starting point was to [&h
Gasum’s LNG sales drop in first nine months, 2016
Gasum of Finland, reported a net profit of €67.1 million for the first nine months of 2016, reporting LNG sales of 3.9 TWh, down on €104.3 million and 4.2 TWh, respectively, in 2015.
Unions worried about safety after three incidents offshore Norway
Two Norwegian workers’ unions, Industri Energi and Safe, have warned about an increasing frequency of incidents on the Norwegian Continental Shelf following three separate incidents over the past weekend. All three incidents occurred on Statoil-operated facilities offshore Norway. First, a well cont