News
Connect LNG selects Indonesian and Australian representatives
Connect LNG headquartered in Oslo on Thursday said it has selected two representatives in Jakarta and Melbourne to cover the market in the two regions.
CB&I’s profit down
The LNG engineer Chicago Bridge & Iron on Wednesday reported a second quarter net income of US$123.8 million, 26.9 percent decrease compared to the $169.5 million in the corresponding quarter of 2015.
Venari ups Shenandoah field interest
Venari Resources, a deepwater oil exploration and production company, has acquired an additional seven percent working interest in the Shenandoah field on Walker Ridge Blocks 51, 52 and 53, in the U.S. Gulf of Mexico. The company also reported successful results from the Shenandoah #5 appraisal well
Panamax Bulker Runs Aground near Campana Port, Argentina
The navigation through the Parana River, Argentina, was briefly obstructed as a Panama-flagged bulk carrier Amadeus ran aground in the area near the Campana Port in the early morning hours of July 26, according to Maritime Agency NABSA. At the time of the incident the 81,700 dwt vessel was heading u
Oil falls close to three-month low as oversupply weighs
By Karolin Schaps LONDON (Reuters) – Oil prices fell close to three-month lows on Wednesday after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging down prices. Global benchmark Brent crude <LCOc1> was on track for t
ExxonMobil, Statoil, Total, Eni show interest in blocks offshore Cyprus
Cyprus has received expressions of interest from Statoil, ExxonMobil, Eni, Qatar Petroleum, Cairn Energy and Total for offshore blocks offered in Cyprus’ third licensing round, the energy ministry said on Wednesday. The country’s third offshore licensing round for offshore exploration in blocks 6, 8
Chevron to ship third Gorgon LNG cargo
Chevron’s US$54 billion Gorgon LNG project in Western Australia, one of the largest natural gas projects in the world, is expected to ship soon its third ever cargo of LNG from the giant facility located on Barrow Island. The 171,800-cbm LNG newbuild Beidou Star, owned by Japanese shipping giant MOL
Statoil’s Q2 profit dips
Norwegian energy giant and LNG operator Statoil posted a near 70 percent drop in its adjusted operating profit in the second quarter due to low oil and gas prices. Statoil’s adjusted operating profit stood at $913 million in the second quarter as compared to $2.9 billion a year ago. Net operating in
UK offers 1200 blocks in 29th offshore licensing round
UK’s Oil and Gas Authority (OGA) has launched the 29th Offshore Licensing Round with more than 1200 blocks on offer to support its objective of maximizing economic recovery (MER) of the UK Continental Shelf (UKCS). OGA said on Wednesday that companies can now apply for new licenses to drill for offs
Novatek’s profit boosted by Yamal LNG stake sale
Novatek of Russia on Wednesday informed its profit for the second quarter and the first half of 2016 jumped 9.6 percent and 121.7 percent, respectively, compared to the same period in 2015.
ILO: MLC Changes to Protect Seafarers against Desertion
International Labour Organization (ILO) member states have confirmed the amendments to the Maritime Labour Convention ensuring better protection to seafarers and their families in case of abandonment, death, and long-term disability. The Amendments to the Code of the Maritime Labour Convention (MLC,
Anadarko posts Q2 loss, Mozambique LNG moving forward
Woodlands-based Anadarko posted better-than-expected results for the second quarter of this year as the company reduced costs amid low oil and gas prices. Anadarko reported a net loss of $692 million, or $1.36 per share, in the second quarter, compared with a profit of $61 million, or 12 cents per s
ALE Loads Out First Wikinger Substation Jacket
Heavy transportation and lifting contractor ALE loaded-out the first of two 3,000-tonne jackets built for the Wikinger offshore substations, in Cadiz, Spain, last week. The jacket was built by Navantia shipyard in Puerto Real for Iberdrola’s 350MW Wikinger offshore wind farm currently under construc
Peru dispatches LNG cargo to China
Peru’s only natural gas liquefaction and export facility at Pampa Melchorita shipped a cargo to China.