News
ITF, Maritime Employers Hammer Out Wage Increase for Seafarers
ITF sealed today a new framework agreement for seafarers with the Joint Negotiating Group.
TechnipFMC profit slides
LNG engineer TechnipFMC reported a plunge in net profit for the year 2017 reaching $113.3 million, 70 percent below the $378.2 million reported in 2016.
Cyprus president: Turkish actions unfounded and unjustified
Cyprus President Nicos Anastasiades has slammed Turkey’s interference with Cyprus’ offshore exploration efforts as unfounded and unjustified.
Russia’s Novatek posts 39.3 pct drop in 2017 profit
Russia’s largest independent natural gas producer and LNG operator, Novatek said on Wednesday its 2017 net profit declined by 39.3 percent, affected by a stake sale in its Yamal LNG project the year before. Novatek reported a net profit of 156.4 billion roubles ($2.76 billion) as compared to 257.8 b
Offshore WIND Expertise Hub Video: 8.2 Consulting
Watch our Expertise Hub video interview with Philipp Stukenbrock, Head of Sales & marketing at 8.2 Consulting.
Offshore WIND Expertise Hub Video: 8.2 Consulting
Watch our Expertise Hub video interview with Philipp Stukenbrock, Head of Sales & marketing at 8.2 Consulting.
IOG fully funded to Blythe FID. Names new CEO
IOG is now fully funded to Final Investment Decision on its UK Southern North Sea dual gas hub development project
Portugal’s Galp expects flat 2018 earnings, plans to splash about 1 billion euros
Portuguese oil and gas company Galp Energia, the owner of a 10 percent stake in Eni’ Coral South FLNG project in Mozambique, said Tuesday it expects almost flat pre-tax earnings this year after a 32 percent increase in 2017. The company expects earnings before interest, taxes, depreciation and amort
2040 according to BP: Global energy mix the most diverse ever
By 2040 the world could be powered by the most diverse fuel mix ever, with oil, gas, coal, and renewables each accounting for a quarter of the world energy.
Gazprom considering LNG supplies to Pakistan
Russian giant Gazprom is considering the potential of delivering liquefied natural gas (LNG) supplies to Pakistan.
German car giant BMW testing LNG-powered trucks
German car giant BMW has completed a pilot project aimed at testing trucks powered by liquefied natural gas (LNG). The two-week test was commisioned by BMW’s plant in Regensburg, Germany and implemented together with the Italian truck manufacturer Iveco and Spedition Duvenbeck. As part of the test,
Bilbao Port Cargo Volumes Highest Since 2006
Spanish Port of Bilbao recorded a 7% cargo volume growth by handling 34.2 million tons in 2017, a 2.2 million-ton increase over 2016.
Boxship Allides with Kiel Canal Gate
A containership allided with the southern gate of Kiel-Holtenau lock at a speed of more than 20 km/h on late February 19.
Enagas profit climbs 17.6 pct in 2017
Spanish LNG terminal operator, Enagás reported a net profit of 490.8 million euros ($606.6 million) in 2017, a rise of 17.6 percent year-on-year. This figure includes the accounting impact produced by the full consolidation of GNL Quintero, the Chilean regasification plant, since January 2017, the S