News
Keppel refutes latest bribery allegations in Brazil
Singapore’s offshore rig builder Keppel has refuted bribery allegations in connection with an ongoing corruption investigation against oil company Petrobras in Brazil. In a filing to Singapore exchange (SGX) on Sunday, Keppel denied the company’s involvement in a massive corruption scandal involving
IMB: Maritime Crimes Hit Lowest Levels in Decades
Piracy and armed robbery at sea have fallen to their lowest levels since 1995, despite a surge in kidnappings off West Africa, according to a report from the International Chamber of Commerce’s International Maritime Bureau (IMB). IMB’s global piracy report shows 98 incidents in the first half of 20
Report: GAIL seeking LNG contract revision with Gazprom
India’s utility GAIL is reportedly looking to renegotiate its 20-year gas purchase agreement with Gazprom of Russia due to low spot prices and weak local demand.
Pirates Attack Cable Layer in Red Sea
Pirates have attacked a cable laying vessel during operations in the Red Sea on Friday, International Chamber of Commerce (ICC) informed. Sixteen pirates in two skiffs armed with AK47 and an RPG reportedly approached and fired upon a cable laying vessel. The master of the vessel activated ship secur
Shell cuts Gulf of Mexico jobs
Oil major Royal Dutch Shell is implementing structural changes and reducing its workforce in the deep water Gulf of Mexico offshore organization. Specifically, Shell said that the new organization will require approximately 25% fewer offshore employee and contractor positions. Shell has about 770 pe
Drewry: Brexit to Prompt Change in UK’s Imports-Exports Mix
The UK’s decision to leave the European Union would probably lead to a change in the mix, as the UK could switch some of the countries from which to imports and to which it exports, depending on the new trade agreements it negotiates with EU and non-EU countries, according to shipping consultancy Dr
DoE approves Eagle LNG’s export application
The United States Department of Energy recently approved Eagle LNG Partners’ application to export liquefied natural gas from its facility in Jacksonville, Florida.
South Korea’s KOMIPO launches LNG cargo tender
Korea Midland Power (KOMIPO), the South Korean power company launched an international tender to purchase one cargo of liquefied natural gas. KOMIPO is seeking a 2.20-2.33 TBtu LNG cargo on DES basis for delivery between August 26-28, according to a notice on the utility’s website. The deadline for
Oil prices dip on ongoing oversupply, economic headwinds
By Henning Gloystein and Osamu Tsukimori SINGAPORE/TOKYO (Reuters) – Oil prices held near two-month lows on Monday amid worries that a global crude and refined product glut would weigh on markets for some time to come. International Brent crude oil futures <LCOc1> were trading at $45.51 per barrel a
Venture Global’s Plaquemines LNG project granted FTA export permit
Venture Global LNG has been granted a 25-year authorization by the U.S. Department of Energy to export approximately 1,240 Bcf per year of natural gas from its Plaquemines LNG project in Louisiana to free trade agreement countries.
Eni cancels vessel deal with Viking Supply Ships
Viking Supply Ships (VSS) has received an early termination notice of the contract for the Ice-class 1A AHTS Njord Viking from Eni Norge in the Barents Sea. Besides working for Eni Norge, the 2011-built vessel has also been part of the extended towing -preparedness in the area on behalf of the Norwe
Japan’s LNG imports decline in June
Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan dropped 5.6 percent in June as compared to the same month a year ago. Japan imported 6.26 million mt of LNG in June, provisional data from Japan’s Ministry of Finance showed on Monday. The country’s coal im
Indian Oil eyeing GSPC’s stake in Mundra LNG project
Indian Oil Corporation has reportedly started talks with Gujarat State Petroleum Corporation (GSPC) to buy its share in the 5 mtpa Mundra LNG import terminal currently being built in Gujarat.
Subsea Industries Launches Ecofix
Subsea Industries, based in Antwerp, has introduced a filler coating, Ecofix, for use with its Ecoshield hard coat system. Boud Van Rompay, executive director of Subsea Industries, said: “We are seeing an increasing number of propulsion and steering equipment suppliers apply tough hard coatings to t