News
Advertorial: TLQ solutions as wind farms venture further offshore
John Verdonk Business Unit Manager Offshore Temporary Living Quarters at Seafox As wind farms go further and further offshore into more challenging waters and harsher environments, the industry is developing a number of solutions to cope with the demands of the wind farm’s initial construction perio
GAC, REV LNG form North American LNG bunkering alliance
GAC Bunker Fuels (GBFL), the GAC group’s bunker trading and brokerage arm, has entered a strategic partnership with REV LNG and REV LNG Marine to deliver LNG bunkering services to ship owners and operators trading in North America.
Coastal Contracts slapped with arbitration notice after contract cancellation
Malaysian marine services and vessel provider Coastal Contracts was recently served with a notice of arbitration from one of its suppliers for an alleged wrongful termination of a shipbuilding contract. The notice was served to one of Coastal Contracts’ subsidiaries for terminating the shipbuilding
Novatek’s gas production edges down
Novatek, the Russian operator of the Yamal liquefied natural gas project, reported a slight decrease in natural gas and liquids production during the first nine months of 2016.
Australia: CIMIC makes bid to buy rival UGL
Australian construction company CIMIC on Monday tabled an offer to buy Australian rival UGL Ltd. for about A$524 million ($398 million). CIMIC, controlled by Germany-based Hochtief AG that is owned by Spanish construction company Grupo ACS, said in a statement it will offer A$3.15 per share for UGL,
Jun Yang 1
In August 2016, after successful completion of sea trials, Trailing Suction Hopper Dredger (TSHD), Jun Yang 1, was handed over to her new owners. Built at the Royal IHC’s shipyards in Kinderdijk, the Netherlands, the TSHD was developed for CCCC Guangzhou Dredging Company Ltd (GDC), which is based in
Applied LNG commissions Midlothian liquefaction plant
Applied LNG completed the commissioning of its new liquefied natural gas plant in Midlothian, Texas with a liquefaction capacity of 86,000 gallons per day and an on-site storage of 300,000 gallons.
DW: Average spend for new upstream projects falls by 40 pct
Recently, OPEC announced production cuts as a strategy to reduce over-supply in the market and give a much-needed boost to oil prices. Without higher oil prices, many new projects are thought to be uneconomic. Or are they? According to its report on Monday, Douglas-Westwood has recently reviewed ove
Minister Pradhan discusses LNG projects with Sri Lankan counterpart
Indian minister of petroleum and natural gas, Dharmendra Pradhan met with his Sri Lankan counterpart Chandima Weerakkody, discussing natural gas cooperation between the two countries.
Airborne Oil & Gas gets $25M in funding. Saudi Aramco joins shareholders
Airborne Oil & Gas (AOG), a manufacturer of thermoplastic composite pipes (TCP) for oil & gas applications, has raised €23 million ($25.7 million) in a Series C investment round from both new and existing shareholders. AOG said on Monday that Saudi Aramco Energy Ventures (SAEV) joined the shareholde
Statoil farms into UK North Sea blocks. Drilling slated for 2017
Jersey Oil & Gas, an oil and gas company focused on the UK Continental Shelf , is set to complete a farm-out of its North Sea assets. The farm-out agreed with Norway’s Statoil in August is expected to be completed soon. “Following receipt of funds by all parties, which is expected imminently, JOG w
APLNG 2nd train starts production
ConocoPhilips-operated Australia Pacific LNG project said Monday it had produced the equivalent of a cargo of liquefied natural gas from the second train at its facility on Curtis Island near Gladstone. Australia Pacific LNG CEO, Page Maxson, said the second train had produced 150,000 cubic metres o
Popular news, October 3 – 9, 2016
Popular news, October 3 – 9, 2016
Top news of the week October 3-8
Mozambique, Eni ink LNG supply deal with BP Italy’s Eni and Mozambique have signed a 20-year deal with UK-based BP for the supply of liquefied natural gas from the Coral FLNG project, moving the project further forward. Shell to fuel Carnival’s LNG cruise ships The Hague-based Shell signed an agreem