News
Port of Rotterdam: Gate LNG throughput down 24 pct in H1
LNG throughput volumes at the Dutch Gate terminal dropped 24 percent in the first half of this year as compared to the same period a year before, according to data released by the Port of Rotterdam on Thursday.
UK Nuclear Submarine Collides with Merchant Vessel off Gibraltar
The UK Royal Navy’s nuclear-powered submarine, HMS Ambush, collided with a merchant vessel off Gibraltar on July 20 at 13:30 local time while conducting a training exercise, the country’s ministry of defense said in a statement. The Royal Navy said the Astute-class submarine was involved “in a glanc
Norway to examine competition conditions in oil industry
Norway’s competition watchdog will look into whether competition rules are being infringed in its oil industry, the industry ministry said on Wednesday.
Oil Search: unplanned shutdown hampers PNG LNG production, 25 cargoes sold
ExxonMobil-operated US$19 billion PNG LNG project’s production in the second quarter was pegged back from record levels in the previous quarter due to routine maintenance in April and an unplanned shutdown in May.
Angola LNG shut down, production to resume late September
The $10 billion Angola LNG project, led by U.S. energy giant Chevron, has been shut down with production to resume again in September.
LIPA Puts Deepwater One Decision On Hold
The Long Island Power Authority (LIPA) has postponed the meeting on Deepwater Wind’s 90MW Deepwater ONE – South Fork project, after receiving a request by its partner agency NYSERDA (New York State Energy and Research Development Authority) to do so. At the meeting, which was scheduled for 20 July,
LIPA Puts Deepwater One Decision On Hold
The Long Island Power Authority (LIPA) has postponed the meeting on Deepwater Wind’s 90MW Deepwater ONE – South Fork project, after receiving a request by its partner agency NYSERDA (New York State Energy and Research Development Authority) to do so. At the meeting, which was scheduled for 20 July,
Oil Search backs out of InterOil bid, clears way for ExxonMobil
Oil Search has pulled out of bidding for Papua New Guinea-focused explorer InterOil, allowing U.S.-based energy giant ExxonMobil to proceed without a battle. ExxonMobil earlier this week made a $2.2 billion offer, challenging an earlier bid from Oil Search, which was backed by the French energy gian
PGS revenues slip, loss narrows in 2Q
Norwegian marine seismic acquisition specialist Petroleum Geo-Services (PGS) has seen a 28 pct decrease in revenues during the second quarter of 2016 compared to the prior-year quarter, mainly impacted by reduction in MultiClient pre-funding revenues. In 2Q 2016, PGS’ revenues decreased by $72.8 mil
Fraunhofer IWES Enables Arkona’s Timely Construction
Fraunhofer Institute for Wind Energy and Energy System Technology IWES Northwest has applied its multi-channel seismic system for surveys that allowed the construction of the Arkona offshore wind project to be on time despite changes to the wind farm design. The modified project plan incorporated 60
FMC Technologies 2Q results hurt by low activity
FMC Technologies, a U.S. based provider of subsea oil & gas production systems, reported a net income of $2.1 million for the second quarter of 2016. This is a drop when compared to the second quarter of 2015, when the company reported a net income of $108 million. FMC Technologies’ revenue for the
Port of Tallinn Issuing Bonds to Buy New Ferries
Estonian state-owned Port of Tallinn and Swedbank have inked an agreement for issuing bonds worth EUR 80 million (USD 88.1 million) which will be used for partial financing of the port’s ferry project. The port did not specify the exact purpose of the loan, but the local media report that the money
NGO Shipbreaking Platform: ECSA Feigns Ignorance about Alang Beaching Method
The European Community Shipowners’ Association (ECSA) has ignored shortcomings of the beaching method at the Alang shipbreaking yards in India, the NGO Shipbreaking Platform said with reference to ECSA’s report on its visit to the yards last April. According to this coalition, the beaching method is
Woodside’s revenue drops, production up
Australia’s largest LNG operator Woodside said its second-quarter sales revenue dropped 8.1 percent to US$825 million due to lower oil and gas prices. On the other hand, Woodside’s production increased 10.4 percent to 22.2 MMboe, as compared to the same period a year before. Production volumes were