News
Report: Engie keeping LNG business, sheds oil, coal
Contrary to recent reports, Engie of France is not planning to sell its liquefied natural gas business, but it is looking to stop its coal and oil production activities.
Petrobras slashes spending plan by 25 percent
Petrobras, the debt-laden Brazilian national oil company, is going to slash its planned investments by a quarter over the next five years in order to reduce debt. Revealing its 2017-2021 strategic plan on Tuesday, its first such plan under the new CEO Pedro Parente, Petrobras said it would spend som
Japan’s Aug LNG imports rise 9.4 pct YoY
Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan increased 9.4 percent in August as compared to the same month a year ago. Japan imported 7.72 million mt of LNG in August, according to the provisional data released by Japan’s Ministry of Finance. The data
Interest in Norwegian offshore acreage dips as 33 oil firms apply
Thirty-three oil companies have applied for exploration acreage offshore Norway as part of this year’s licensing round, the APA 2016, comprising the predefined areas with blocks in the North Sea, the Norwegian Sea, and the Barents Sea. This year’s oil and gas exploration licensing round, expanded by
Report: Petronas eyes further job cuts as low oil price bites
Malaysian oil and gas company Petronas is reportedly planning to reduce its workforce further due to a prolonged market downturn. The Wall Street Journal reported, citing sources familiar with the matter, that Petronas is looking to ax several hundred more jobs as the national oil company continues
Semco Maritime to Build, Install Seajacks Scylla’s Sea Fastening Kit
Semco Maritime has won a contract to fabricate and install a sea fastening system on Seajacks Scylla, the world’s largest wind turbine installation vessel. Semco Maritime is to construct a special module, which will render it possible to adapt Seajacks Scylla’s freight deck to accommodate different
Oil service workers go on strike in Norway
Over 300 oil service workers in Norway went on strike on Wednesday morning after mediation between the Norwegian Oil and Gas Association and the Norwegian Union of Industri Energi failed. To remind, mediation over the collective oil service agreement between the employers’ organization in Norway and
RGU to help develop training framework for Indian subsea sector
Robert Gordon University (RGU) in Aberdeen has been awarded funding from the UK Government to establish a sustainable training framework for the energy sector in India with a focus on accelerating skills development in deep-water subsea operations. The University welcomed the Indian Minister for Pet
Subsea UK to unlock Mexican market for UK companies
UK subsea companies will be heading to Mexico City next week on a showcase trade mission to increase business and trade opportunities in Latin America’s most promising energy hubs. The event has been organized by the Department for International Trade (DIT) in association with Subsea UK, along with
ECA Delivers Underwater MCM Systems to Two Navies
ECA Group has delivered several underwater mine counter measure (MCM) systems to two navies, Kazakhstan being one of them. The system is entirely based on specialized robots, and mines are detected using sonar fitted either on autonomous underwater vehicles or on surface drones, while avoiding the m
Cheniere shuts down Sabine Pass export plant for maintenance
Planned maintenance has begun at Cheniere’s Sabine Pass LNG export plant on the U.S. Gulf Coast, a Cheniere spokesperson confirmed to LNG World News on Tuesday. Cheniere had said earlier this month that the four-week outage would include repair works to improve the performance of the flare systems a
Alaska Railroad to begin LNG transport tests
The Alaska Railroad said it is preparing for the first transport of liquefied natural gas (LNG) by rail in the U.S. state of Alaska. The chilled fuel will be transported in intermodal LNG ISO containers from southcentral to interior Alaska during a month-long operational performance project that wil
Panama Accedes to Hong Kong Ship Recycling Convention
Panama, the world’s largest flag state, has acceded to the Hong Kong International Convention for the Safe and Environmentally Sound Recycling of Ships (HKC). The convention covers the design, construction, operation and preparation of ships so as to facilitate safe and environmentally sound recycli
India: IOC, GAIL eye stake in Adani’s LNG project
Indian Oil Corporation and the state-owned gas utility GAIL are about to sign an agreement to secure a 49 percent stake in Adani Group’s Dhamra LNG project in Odisha.