News
First Sandbank Turbine Up
Vattenfall and Stadtwerke München (SWM) have now erected the first of 72 Siemens SWT- 4.0 130 wind turbines at the 288 MW Sandbank offshore wind farm being built 90 kilometers west of the island of Sylt in the German part of the North Sea. The erection of the towers on the foundations and the instal
Canada to Assess Wreck of 1985-Sunken MV Manolis L
The wreck of the general cargo vessel MV Manolis L, that ran aground and sank in Notre Dame Bay, Newfoundland and Labrador in January 1985, is to be technically assessed this summer as the Canadian Coast Guard (CCG) prepares to remove the ship and recover its cargo comprised of some 462 tons of fuel
DOF Subsea awarded Prelude FLNG contract
Norwegian provider of subsea services to the oil and gas industry, DOF Subsea, has been awarded a contract by Shell to provide full-time underwater services and multi-purpose supply vessel (MPSV) to the Prelude FLNG facility.
Dynagas LNG Partners’ income rises
Dynagas LNG Partners, a partnership formed by Dynagas, on Friday posted an adjusted net income of US$18.8 million and $37.7 million, for the second quarter and first six months of 2016, respectively.
Australia Pacific LNG pushes up production, revenue at Origin Energy
Origin Energy, the owner of a 37.5 percent stake in the Australia Pacific LNG project, said the ConocoPhillips-operated LNG project has boosted its production and revenue. APLNG started exporting the chilled fuel in January and has since then shipped 32 LNG cargoes, with the majority sold under long
Karoon hits Pacific with another default notice
Karoon Gas Australia has once again served default notices to Pacific Exploration and Production, its joint venture partner in the Santos Basin blocks offshore Brazil, related to overdue payment. Karoon Gas Australia has 65% operated interest in five Santos Basin Brazil blocks, S‐M‐1037, 1101, 1102,
Eni posts Q2 loss
Italian oil and gas company Eni on Friday reported a second-quarter net loss, hurt by low oil and gas prices. Eni posted a net loss of 290 million euros ($322.2m) in the second quarter of this year, as compared to a net profit of 505 million euros the previous year. In the second quarter of 2016, [&
Evol LNG to provide bunkering at Freemantle port
Evol LNG, an Australian provider of liquefied natural gas said it has been given approval by Freemantle Ports to bunker LNG to liquefied natural gas-powered marine vessels visiting the port.
ExxonMobil’s second quarter income plunges
U.S.-based energy giant ExxonMobil reported a second quarter 2016 earning of US$1.7 billion, a 59 percent plunge compared to the same quarter in 2015, due to lower oil and gas prices and weaker refining margins.
KBR’s profit drops in second quarter
Houston-based LNG engineer KBR reported a net income of US$47 million during the second quarter, a 24.1 percent drop compared to the $62 million in the second quarter of 2015.
LNG Limited founder Maurice Brand steps down as executive director
Perth-based Liquefied Natural Gas Limited on Friday informed its founder and former managing director and CEO, Maurice Brand, will step down as an executive director with the company effective August 1, 2016.
Wilson Sons takes delivery of Damen PSV 5000 (Gallery)
Wilson Sons Ultratug Offshore, a joint venture (JV) between the Brazilian shipbuilding company, Wilson Sons and Chilean services provider Ultramar, has taken delivery of the Damen platform supply vessel (PSV) 5000. Damen said on Friday that the vessel was built at the Wilson Sons shipyard in Guaruja
EIA: stripper wells chip 11 percent in to total U.S. natural gas production
Over the past decade, stripper wells, known as marginal wells have on aggregate provided 11 to 15 percent of total U.S. oil and natural gas production, according to the U.S. Energy Information Agency.
ConocoPhillips loss grows
Houston-based energy giant ConocoPhillips reported a second-quarter net loss of $1.1 billion, compared with a net loss of $179 million a year earlier. The world’s largest independent exploration and production company also slashed its capital guidance, again, to manage through the period of low oil