News
LNG supply shortage expected in mid-2020s, Shell’s Outlook says
The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tons to 293 million tons in 2017, according to Shell’s annual LNG Outlook.
Dockers Secure Lashing Rights under New IBF Deal
Dockers guaranteed right to carry out lashing and other cargo handling services in ports under new IBF deal.
Top News of the Week, 19 – 25 February 2018
Top News of the Week, 19 – 25 February 2018
Top news of the week February 19-24
Anadarko signs Mozambique LNG supply deal with EDF Woodlands-based Anadarko said Mozambique LNG project partners signed an LNG sale and purchase agreement with Électricité de France (EDF) for the supply of 1.2 million tons per year of the chilled fuel. Exmar’s barge-based FSRU on way to Singapore Ex
Siemens Gamesa Lines Up First Beatrice Blades in Hull
Siemens Gamesa has manufactured the first of the blades for the Beatrice offshore wind farm at its facility in Hull.
Gasum granted funds to grow Nordic LNG fueling network
Gasum, the Finnish energy gas company, has been granted an investment subsidy of €9.3 million ($11.4 million) that will enable the expansion of the company’s LNG fueling network.
Novatek to tie up Saudi Aramco as Arctic LNG-2 project partner
Russian LNG export player Novatek is looking to bring Saudi Aramco onboard its second liquefied natural gas export project proposed for the Arctic. Novatek’s chief executive, Leonid Mikhelson, said the company is looking to bring Saudi Aramco onboard the Arctic LNG-2 project proposed for the Gydan p
VIDEO: Installation of Arkona Transition Pieces
Following the installation of all 60 transition pieces at the Arkona offshore wind farm in mid-January, Jumbo posted a video showing the works that were completed ahead of schedule at the offshore wind farm site in Germany.
Greek Parliament Gives Nod to Thessaloniki Port Sale
The Greek Parliament has ratified the concession contract for the privatization of the Port of Thessaloniki.
Schlumberger and Subsea 7 in talks to create joint venture
Schlumberger and Subsea 7 have entered into exclusive negotiations to form a joint venture that builds on the success of Subsea Integration Alliance, which was established in 2015.
Subsea UK Organizes Subsea STEM Challenge for Secondary Pupils
Subsea UK has launched a new initiative aimed at encouraging school pupils to consider a career at sea. The STEM Challenge, led by Subsea UK and supported by The Smallpeice Trust, will see teams of year nine students compete in a design-and-make challenge for the marine industries. The regional comp
OPEC and Non-OPEC oil production cuts reach new highs in January
OPEC and Non-OPEC countries participating in voluntary production cuts have started off 2018 with record-breaking conformity levels.
Spain’s Repsol sells Gas Natural stake to CVC
Spanish energy giant Repsol has agreed to sell its 20 percent stake in compatriot utility Gas Natural Fenosa to CVC Capital Partners investment fund. The deal is worth 3.82 billion euros ($4.69 billion). Repsol will sell the stake to Rioja Bidco Shareholdings, controlled by CVC, for a price equivale
Damage to Kiel Canal Lock Worse than Expected
The extent of the damage to the southern lock-gate at Kiel-Holtenau is worse than originally anticipated.