News
Iveco, BNP Paribas join forces to boost LNG, CNG truck fleets in Europe
Italian truck maker Iveco and BNP Paribas Leasing Solutions, a unit of the French banking group, said they have joined forces to help transport operators to renew their fleets with more “environmentally-friendly” commercial vehicles. Under the deal, the purchasers of Iveco vehicles featuring its Nat
IMO, EBRD Partner Up to Promote Green Shipping
IMO and EBRD will jointly work with the aim to support sustainable shipping.
Nordic American Offshore takes three platform suppliers out of lay-up
Nordic American Offshore (NAO) is bringing three of its platform suppliers back from lay-up in a spur of confidence in the recovery of the North Sea market.
Faults found during barrier management audit at Eldfisk B
The PSA has found faults during an audit of ConocoPhillips’ management of technical barriers on Eldfisk B platform off Norway.
Ice Traps Russian Ferry Carrying 127 Passengers
Igor Farkhutdinov, carrying 127 passengers and 42 shipping containers, stuck in thick ice off the coast of Japan.
IEA boss: You can’t find oil if you don’t explore
Fatih Birol, the head of the International Energy Agency hopes the oil investments will start picking up, after several years of decline.
Eni says hits “Zohr like” gas discovery off Cyprus
Italian energy company Eni has made a lean gas discovery in Block 6 offshore Cyprus. Eni said in a statement on Thursday the find looked geologically similar to the giant Zohr gas field off Egypt. “Calypso 1 is a promising gas discovery and confirms the extension of the “Zohr like” play in the Cypru
Guy Platten New Secretary-General of ICS
Guy Platten is to take on the role of Secretary-General at the International Chamber of Shipping (ICS).
Allseas’ next vessel to dwarf the giant Pioneering Spirit
Once, and if built, the sister vessel will dwarf its older brother both in size and in lifting capacity.
Ineos to restart Forties pipeline after another shutdown
UK-based Ineos is working to restart its Forties pipeline, which carries the North Sea oil and gas to shore, following an automatic shutdown.
Total’s profit, LNG sales rise
French energy giant and LNG player Total reported a rise of 28 percent to $10.6 billion in its adjusted net income during the last year, boosted by higher oil and gas prices and an increase in production. For the fourth quarter, Total’s adjusted net income stood at $2.9 billion rising 19 percent on
TGS optimistic about long-term prospects. Boosts 4Q profit
At some stage oil companies need to increase exploration efforts in order to meet the continued growth in demand
Gas Natural Fenosa’s net income up 1 pct
Spanish LNG operator Gas Natural Fenosa reported a net profit of 1.36 billion euros ($1.67 bln) in 2017, a rise of 1 percent as compared to the year before, boosted by higher prices and demand. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached 3.9 billion euros, down 16
Vessel of the Year award goes to ‘Maersk Master’
Maersk Master, Maersk Supply Service’s first AHTS Starfish-class vessel, has been awarded the Vessel of the Year award.