News
Singapore slices port dues for LNG-powered ships
The Maritime Port Authority of Singapore has added incentives for vessels powered by liquefied natural gas to its Maritime Green Initiatives launched in 2011.
OPEC oil output hits record high in June on Nigerian rebound
By Alex Lawler LONDON (Reuters) – OPEC’s oil output has risen in June to its highest in recent history, a Reuters survey found on Thursday, as Nigeria’s oil industry partially recovers from militant attacks and Iran and Gulf members boost supplies. Higher supply from major Middle East producers exce
Oil falls below $50 on higher supply outlook, economic worries
By Alex Lawler and Dmitry Zhdannikov LONDON (Reuters) – Oil fell below $50 a barrel on Thursday, pressured by higher Nigerian output and concern about the economic outlook following Britain’s vote to leave the European Union last week. Returning Nigerian supply will put pressure on prices, Goldman S
Siemens Freezing New UK Investments and Turbine Exports
Uncertainty triggered by the UK’s decision to leave the European Union has made Siemens, one of the biggest offshore wind players, rethink its strategy and put all new wind energy investments in the country on ice, according to The Guardian. The wind turbine maker is also halting long-term export pl
InterOil receives unsolicited takeover bid
InterOil Corporation received an unsolicited, conditional, non-binding proposal from an unnamed third party to acquire 100 percent of the outstanding company shares.
Update: Chile’s 3rd LNG import terminal given environmental nod
Octopus LNG’s Penco-Lirquén liquefied natural gas terminal project in Chile, in which Cheniere Energy owns a 50 percent stake, has been approved by the Evaluation Commission of the Biobio region.
Tanker Pierces Bow after Hitting Sailboats off Maine
Panama-flagged tanker Chem Venus allided with three moored sailboats on June 29 at the mouth of the Piscataqua River near Portsmouth, New Hampshire and Kittery, Maine, the US Coast Guard said. The USCG boarded the Chem Venus and determined that the 2004-built vessel sustained damage to its bow, caus
Offshore pay settlement talks underway in Norway
A mediation on the offshore pay settlement for the Norwegian continental shelf (NCS) workers started on Thursday, June 30, 2016. According to the Norwegian Oil and Gas Association (Norsk olje og gass), Thursday and Friday, July 1, have been allocated for this process, with a deadline of midnight on
LPG Carrier Explodes in Gulf of Thailand, Four Injured
Four people out of a crew of ten were hospitalized after the LPG carrier Pattarawadee 12 exploded in the Gulf of Thailand on Wednesday, local media reported. The 1,000 dwt vessel was underway after it discharged its cargo at Bangpakong, central Thailand. One of the four crewmembers was in critical c
Fred. Olsen Windcarrier to Set Up Borkum Riffgrund 2 Turbines
Fred. Olsen Windcarrier will transport and install 56 MHI Vestas 8MW turbines at the Borkum Riffgrund 2 wind farm. The turbine installation is set to start in the second quarter of 2018. “This is our second contract signed with DONG Energy and our first project installing the Vestas 8MW turbines, it
Novatek secures new license areas on Gydan Peninsula
Russia’s Novatek, the oprator of the giant Yamal LNG project, said it has obtained the right to explore and appraise new licenses in the central part of the Gydan Peninsula in the Arctic. The license duration is seven years for the West-Solpatinskiy, North-Tanamskiy and Nyavuyahskiy license areas lo
Enagas increases stake in two LNG facilities
Spanish LNG terminal operator Enagas on Thursday said it has agreed to up its stake in the Sagunto regasification plant in Spain and the GNL Quintero facility in Chile.
Armed Pirates Board Tanker in Indonesian Waters
Ten armed pirates boarded a tanker while it was underway some 26 nautical miles off the Indonesian Mangkai Island on June 28, according to data released by International Maritime Bureau’s Piracy Reporting Centre (IMB PRC). The pirates entered the bridge as the second officer was altering course and
China’s May LNG imports climb YoY
Liquefied natural gas imports into China, the world’s largest energy consumer, rose 27.3 percent in May as compared to the same month a year ago, according to the General Administration of Customs data. China imported 1.43 million mt of the chilled fuel in May, as compared to 1.12 million mt a year