News
GasLog Partners post higher profit in Q2
GasLog Partners, a master limited partnership formed by GasLog, on Thursday reported a US$17.4 profit on IFRS basis for the second quarter of this year, a 10 percent increase compared to the same period last year.
SeaState Aviation Checks Sea Challenger’s Helideck Ahead of Dudgeon Work
SeaState Aviation has conducted an inspection of the helideck on A2SEA’s jack-up vessel Sea Challenger, making sure it fulfills UK offshore helideck requirements before starting operations on the 402MW Dudgeon offshore wind farm for Statoil later this year. The scope of work comprised an inspection
SeaState Aviation Checks Sea Challenger’s Helideck Ahead of Dudgeon Work
SeaState Aviation has conducted an inspection of the helideck on A2SEA’s jack-up vessel Sea Challenger, making sure it fulfills UK offshore helideck requirements before starting operations on the 402MW Dudgeon offshore wind farm for Statoil later this year. The scope of work comprised an inspection
Shell in new discovery in Gulf of Mexico
Oil giant Shell on Thursday announced a new exploration discovery in the deep water U.S. Gulf of Mexico. The initial estimated recoverable resources for the Fort Sumter well are more than 125 million barrels of oil equivalent (boe), the oil company said on Thursday. Shell also added that further app
Damen targets decom market with new vessel concept (Gallery)
Dutch shipbuilder Damen Shipyards has made a move in decommissioning market by announcing its latest vessel concept, the Damen Decommissioning Series. Damen said on Thursday that the design is based on an in-house research carried out at Damen by one of its undergraduate interns. The new vessels wil
Drewry says 65 more LNG tanker orders needed by 2020
Shipowners will need to order an additional 65 vessels by 2020 to meet LNG shipping demand as new supplies are coming on-stream, according to the shipping consultancy Drewry. Despite the current weakness in LNG shipping rates, Drewry “maintains its bullish long-term outlook” for LNG shipping and bel
Damietta Port’s Total Volume Up by 22 Pct
Egypt’s Damietta Port recorded an increase in its total cargo volumes by 22 percent in the first half of 2016, compared with the same period last year. Volumes of handled cargo reached 16.5 million tons in the first half of the year, compared to 13.5 million tons during the same period in 2015. Furt
Gazprom considers small-scale LNG exports to China
Gazprom Export, the exporting arm of Russian gas giant Gazprom may build small-scale LNG plants in the country’s remote Far East for exports to the world’s largest energy consumer, China. Gazprom Export, which has already established its presence in the European small-scale LNG market and has been e
Total’s profit down, LNG sales up
French gas and oil giant Total reported on Thursday a drop of 30% in its adjusted net income in the second quarter of this year. Total’s adjusted net profit stood at $2.2 billion, as compared to $3.1 billion in the same quarter a year before, Total said in a statement. “Although still volatile, the
First Nordergründe Nacelles Reach Base
The first nine of eighteen nacelles built by Senvion for the 111MW Nordergründe offshore wind farm have arrived at the south end of the Bremerhaven Container Terminal, Eurogate, the operator of the terminal, reports. Weighing 340 tonnes each, the nacelles were transported from the Senvion factory in
Lake Charles LNG FID delayed
Lake Charles LNG project in Louisiana in which Shell has a 100 percent capacity interest has been delayed, the LNG giant informed in its recent financial report.
Interview: LNG Could Solve Emissions Issue in EU Ports
A new regulation requiring the gross mass of a container to be verified before it is loaded onto a ship, which entered into force on July 1, will assist in ensuring that the millions of containers carried on ships each year are optimally stowed, thereby helping to prevent container stacks collapsing
Shell Q2 profit nosedives
Hague-based LNG giant Shell posted on Thursday its second-quarter results revealing a sharp decline in its net income on low oil, gas and LNG prices. Shell’s second quarter earnings on a current cost of supplies (CCS) basis plunged 93 percent to just $239 million. The company’s adjusted earnings, ex
Technip’s revenue dips in Q2
Paris-based LNG engineer Technip on Thursday posted a 9.2 percent lower second-quarter revenue due to the oil and gas industry downturn.