News
Petronet LNG’s net profit climbs 55 pct
Petronet LNG, India’s largest importer of the chilled fuel, reported a 55 percent rise in its net profit for the quarter ended June 30.
Excelerate performs 1000th STS LNG transfer
Excelerate Energy on Monday informed it has completed its 1000th commercial ship-to-ship transfer of liquefied natural gas at the GNL Escobar in Argentina at the end of August.
OHT Enters Offshore Wind with Hywind Scotland Contract
Technip has hired Offshore Heavy Transport (OHT) for the provision of transportation services for the 30MW Hywind Scotland Pilot Park. Torgeir Ramstad, CEO of OHT, said: “This marks our entry into the offshore wind business, a market with enormous needs for logistical and transportation services. OH
APPEA: Australian oil and gas exploration in free fall
Australian oil and gas exploration is in free fall, APPEA, the oil and gas industry representative said on Monday, after seeing the latest numbers by the Australian Bureau of Statistics. According to the released statistics, the trend estimate for offshore petroleum exploration expenditure fell 13.2
Awilco LNG freight income down on lower fleet utilization
Oslo-based LNG shipping company, Awilco LNG, posted a second-quarter US$8.3 million freight income, down from $8.9 million in the first quarter due to lower utilization of its LNG carrier WilPride.
Novatek, JBIC pen LNG development MoU
Yamal LNG operator, Novatek, on Monday said it has signed a memorandum of understanding with Japan Bank for International Cooperation (JBIC) to cooperate on liquefied natural gas projects.
Sevan floater for OMV’s Barents Sea field?
Austrian energy firm OMV is looking at options for development of its Barents Sea oil find. The company has awarded Sevan Marine a study to evaluate its cylindrical hull design for application on the Wisting field development. According to Sevan, OMV Norge AS is screening various floating alternativ
New CEO Takes Helm at Swiber
Swiber Holdings informed that Yeo Chee Neng, the president, chief executive officer and an executive director of the company, has resigned from all the positions held within the company. To replace Yeo Chee Neng, Swiber has named John F. Swinden as the president, chief executive officer and an execu
Exmar and Vopak in FSRU talks
Belgium’s Exmar said it has entered into talks to sell its stake in the floating storage and regasification unit (FSRU) business to Dutch terminals operator Vopak. Exmar said in its statement on Friday that the outcome of these discussions is currently unknown. The Nicolas Saverys-led company co-own
7 Turbines Up at Korean Tamra OWF, LOC Hired as Marine Warranty Surveyor
Seven wind turbines have been installed at the Tamra offshore wind farm site, located off the coast of Jeju Island in the Republic of Korea. The Tamra Offshore Wind Farm Project will feature ten 3MW wind turbines, manufactured by Doosan Heavy Industries & Construction. The installation of subsea cab
LR, Hyundai Heavy and Hyundai Mipo to work on STS LNG bunkering study
UK-based Lloyd’s Register, and South Korea’s Hyundai Heavy Industries and Hyundai Mipo Dockyard have signed a joint development project to produce a ship-to-ship LNG bunkering compatibility study. This study will review the design requirements between 6.6K LNG bunkering ships and 14K TEU LNG-fuelled
Zeebrugge schedules another LNG reload
Fluxys-operated Zeebrugge liquefied natural gas terminal in Belgium is set to re-export a cargo of the chilled fuel aboard the 156,000-cbm WilForce. The 2013-built LNG vessel, owned by Awilco LNG, is scheduled to dock at the Zeebrugge terminal’s jetty on September 7. Following the loading of previou
IEC, Tamar partners revise gas supply deal
Delek Group informed that Tamar partners have signed an amendment to the agreement signed previously with Israel Electric Corporation concerning the increase of quantities of gas delivered from the field.
LNG Limited names new chairman
Australia-based LNG Limited, the developer of three LNG export projects, said its chairman Richard Beresford will step down from his position at the company’s annual general meeting in November. Beresford will step down as chairman at the AGM on November 17 and remain on LNG Limited’s board as non-e