News
Kogas posts lower sales in May
South Korea’s Kogas, the world’s largest corporate buyer of LNG, reported a decline of 8.6 percent in its sales volume in May. Kogas sold 1.91 million tonnes of LNG in May, compared with 2.09 million tonnes a year ago, the company said in a filing to the stock exchange. Gas sales into the power sect
Egypt targets 120 cargoes in 2017, grabs 11 for June
The Egyptian Natural Gas Holding company (EGAS) could import up to 120 cargoes of liquefied natural gas in 2017.
Bulker Grounds in Mauritius after a Fight between Sailors
A 1998-built bulk carrier MV Benita ran aground on the southeast coast of Mauritius after an incident broke out between the vessel’s crewmembers, local media reported. A fight which broke out between two sailors on Thursday night was reportedly the cause of the vessel’s grounding on the coast of Le
Buyer of Cliff Head oil field stake revealed
Australian oil and gas production and exploration company Triangle Energy has executed a share sale agreement with AWE for the purchase of its 57.5% participating interest in the Cliff Head oil field, located in the offshore Perth Basin, Western Australia. Roc Oil, the operator of the Cliff Head fie
Japan’s May LNG imports down, coal up
Imports of liquefied natural gas (LNG) by world’s largest consumer of the chilled fuel, Japan dropped 4 percent in May when compared to the same month a year ago, provisional data from Japan’s Ministry of Finance showed on Monday. Japan’s imports in May decreased to 5.52 million mt of LNG while the
Shell puts revamped shale arm at heart of growth drive
By Ron Bousso LONDON (Reuters) – Having turned round its North American shale business, Royal Dutch Shell is putting so-called unconventional energy at the heart of its growth plans, and believes lessons from the revamp can be applied across the company. Greg Guidry, head of the Anglo-Dutch group’s
BP steps forward with Atoll gas discovery development
UK-based energy giant BP has sanctioned the development of the Atoll Phase One project, an early production scheme to bring up to 300 million cubic feet a day gross of gas to the Egyptian market starting in the first half of 2018.
First DP2-Classed Feeder Vessel for CFL
On the 20th of April, CFL launched the first out of a series of ‘Joint Runner’ type DP2 Feeder vessels named Joint Runner 1. The first vessel was built in the Netherlands and her sister vessels are presently under construction at BrodoTrogir Shipyard in Croatia. The engineering and construction of t
ALE adds offshore barge transportation to its marine service offering
Global heavylift specialist ALE is expanding into full offshore barge transportation market which also encompasses brokering, chartering and hire, as well as full turnkey marine operations. ALE said on Monday that the services will be provided by the company’s own fleet, that includes 250′, 300′ and
IMCA Makes Change in CMID Concept of Operation
International Marine Contractors Association (IMCA) intends to improve the integrity and quality of its common marine inspection document system (CMID) by adopting a greater degree of oversight of the system. According to IMCA, this will enable greater cooperation with the offshore vessel inspection
Top News of the Week Jun 13 – 19, 2016
Shell Joins Dutch OW Consortium Aiming for EUR 70/MWh by 2030 A consortium of 16 Dutch companies and research institutes will launch an innovation program for offshore wind – GROW – with an aim to bring the cost of offshore wind further down to seven eurocents per kWh by 2030. GE Enters Into Talks t
Top News of the Week Jun 13 – 19, 2016
Shell Joins Dutch OW Consortium Aiming for EUR 70/MWh by 2030 A consortium of 16 Dutch companies and research institutes will launch an innovation program for offshore wind – GROW – with an aim to bring the cost of offshore wind further down to seven eurocents per kWh by 2030. GE Enters Into Talks t
Popular news, June 13 – 19, 2016
Read the most popular news of the week.
Top news of the week June 13-18, 2016
KDB bankrolls U.S. FLNG project Korea Development Bank said it has agreed to provide US$1.5 billion for the proposed Delfin FLNG project, 50 miles off the coastline of Cameron Parish, Louisiana. Flex LNG co-founders call it quits Flex LNG, the company controlled by billionaire John Fredriksen, infor