News
Report: lawmakers put NLNG Train 7 project at risk
Nigeria LNG Train 7 project could be at risk if the state lawmakers amend the 1989 law that enabled the creation of the NLNG partnership.
Royal IHC axes 425 jobs and COO role due to ‘poor market conditions’
As a direct consequence of persistently poor market conditions, Royal IHC, a supplier of maritime equipment, has decided to reduce its workforce by 425 positions and lay off its COO. Royal IHC said on Friday it is increasingly outsourcing production activities in order to remain distinctive and cost
Port of Los Angeles Sees Slight Rise in September Volumes
US Port of Los Angeles recorded an increase of 2.4 percent in its September container throughput, handling 747,707 TEUs against 730,306 TEUs during the same month in 2015. The port’s exports were particularly strong, with an increase of 16.7 percent. Exports stood at 145,096 TEUs in September 2016,
Armada Olombendo FPSO Ready for Eni’s East Hub Project
Eni informed that the naming ceremony of the “Armada Olombendo” floating production, storage and offloading (FPSO) vessel was held in Singapore on Friday. The FPSO will operate in Block 15/06, offshore Angola, for the East Hub Development Project. The vessel will soon be ready to sail to its final d
Report: Kogas issues four LNG cargo tender
South Korea’s Kogas, the world’s second-largest buyer of LNG, has reportedly issued a tender to buy up to four liquefied natural gas cargoes.
USA: Henry Hub price up, Sabine Pass exports cargo
Natural gas spot prices in the United States increased almost everywhere in the week ending October 12 with the Henry Hub price rising 31¢ from last Wednesday, according to the weekly report by the Energy Information Administration. “Despite the high levels of natural gas storage stocks, prices seem
Canada’s LNG industry has its market place, report says
Prices of liquefied natural gas prices are expected to remain weak until the end of the decade, however, Canadian LNG projects could find their place on the market in the long term.
Pieridae reaches labor agreements for Goldboro LNG
Pieridae Energy, the developer of the Goldboro LNG project, reached tentative project labor agreements with Nova Scotia trades and construction union for the proposed project.
Tokyo Gas buys stake in New York gas-fired power plant
Tokyo Gas’ unit Tokyo Gas America acquired a 25 percent interest in a 635 MW Empire natural gas power plant, through a joint venture company TTK Power.
VIDEO: Kreuz Subsea’s new DSV heading to Norway
Singapore-based Kreuz Subsea, a provider of integrated offshore subsea services, shared a video of its new diving support vessel (DSV), the Kreuz Challenger, starting its voyage from the construction yard in Tulcea, Romania to Vard’s shipyard in Søviknes, Norway. The vessel is scheduled for delivery
UK’s Marine Robots Mission Complete
A fleet of ten marine robots has completed two-week mission off northwest Scotland. The mission comprised the largest simultaneous deployment of marine robots in UK waters, with seven submarine gliders and three surface Wave Gliders operating in waters around the Outer Hebrides, National Oceanograph
Report: India targets 50 mtpa LNG import capacity
India will reportedly be importing over 50 million tons a year in the future, more than doubling its current import capacity.
Eidesvik and CGG Scrap Viking Vision Contract
Norwegian vessel owner Eidesvik and French seismic player CGG have agreed to terminate the contract for Viking Vision seismic vessel. The contract termination has an immediate effect despite its due term at end July 2017. Nevertheless, the Oslo-listed Eidesvik confirmed that payment of the charter r
CGG cans seismic vessel deal with Eidesvik
Norwegian offshore vessel provider Eidesvik Offshore and French geophysical company CGG have agreed to terminate with immediate effect the contract for the seismic vessel Viking Vision. According to Eidesvik’s statement on Thursday, the contract was due to expire at the end of July 2017. The shippin