Croatian government on Wednesday approved €234 million ($269.1 million) financing for the first stage of the liquefied natural gas (LNG) terminal project on the northern Adriatic island of Krk.
The Hague-based LNG giant Shell reported a 36 percent jump in profit during 2018 on the back of higher realized oil, gas and LNG prices.
Floating liquefied natural gas industry is expected to continue its growth in the future, however, it will be at a slower steadier pace of growth is likely as FLNG competes for capital and buyers in a busy LNG market.
Oil company 3D Oil has submitted a proposal to Australia’s offshore regulator NOPSEMA for the Dorrigo 3D seismic survey.
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, reported a slide in profit during the last quarter of the year, as well as for the whole twelve months.
Japanese gas utility Shizuoka Gas signed an LNG sale and purchase agreement with Clean Energy in China for the delivery of chilled fuel from the Shimizu LNG terminal in ISO containers.
Global Wind Service’s technicians have started assisting MHI Vestas Offshore Wind with the installation and completion of wind turbines on the Norther wind farm in the Belgian North Sea. The Norther wind farm will comprise 44 V164 8.4MW wind turbines installed some 22km from the coast of Zeebrugge.
The Port of Amsterdam launches a Cybersecurity Programme to increase the port community’s digital resilience.
Indian Oil Corporation is reportedly seeking a liquefied natural gas cargo to use for the commissioning purposes of its Ennore LNG terminal at the Kamarajar port.
The outcomes of US-China trade war & Brexit to have significant repercussions on the ocean freight industry.
Finnish engine maker Wärtsilä is set to cut 1,200 jobs to profitability in the coming years, as its profit saw a decrease during the fourth quarter of 2018.
The self-propelled jack-up Seajacks Zaratan is on its way to Vlissingen in the Netherlands to undergo mobilisation in preparation for the Formosa 1 Phase 2 offshore wind project in Taiwan. Seajacks Zaratan will install all 20 Siemens Gamesa SWT-6.0-154 wind turbines on the 120MW wind farm in the Tai
London-based Ophir Energy on Wednesday said that following negotiations with Medco, the companies have reached an agreement on the terms of the potential takeover bid.
Medco and Ophir Energy have agreed to proceed with a proposed deal under which Medco will buy Ophir for 55 pence a share in cash. The acquisition values Ophir at £390.6M (around $511M).
