News
Spanish April LNG imports down YoY
Spain’s imports of liquefied natural gas (LNG) dropped 14 percent in April as compared to the same month in the year before. LNG imports reached 10.38 terawatt hours (TWh) in April, as compared to 12.07 TWh the year before, according to the data provided by the Spanish LNG terminal operator, Enagás.
Gas Natural Fenosa reports drop in profit
Spanish LNG operator Gas Natural Fenosa reported a first-quarter profit of €298 million (US$328.3), a 9.4 percent drop compared to the corresponding quarter in 2016.
GasLog Partners cash in $139 million through shares sale
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, raked in US$138.61 million through a public offering of 5,750,000 shares.
Wood Group to prepare Brent Bravo platform for removal
Offshore services provider Wood Group has been awarded a contract to support Shell in the decommissioning of the Brent Bravo platform in the North Sea. Wood Group will prepare the platform for removal via single lift methodology. This includes conductor removal, structural strengthening and installa
Offshore safety body completes Martin Linge probe report
Following an order to Total to fix faults and deficiencies on the Martin Linge platform being constructed in South Korea, the Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has released the full audit report. It is common practice for the PSA to release the audit report be
Exmar to meet with investors on bond issue
Belgium’s Exmar, the Nicolas Savery-led shipowner is organizing investor meetings to gather support for a bond offering. The Antwerp-based company said Tuesday it has mandated DNB Markets, Pareto Securities, Nordea Bank Norge and Skandinaviska Enskilda Banken to organize a series of fixed income inv
Spain Approves New Port Reform Plan
The Spanish Council of Ministers passed on May 12 a new royal decree in another attempt to reform the port system in the country. The decree will now require a majority approval in the Spanish Parliament, which is expected to discuss the decree on May 18. Although the details of this decree have not
SHL Piles 9 WTG and 2 OTM Locations at Beatrice
On 11 May, Seaway Heavy Lifting (SHL) installed the 11th set of jacket foundation piles at the Beatrice offshore wind farm in Outer Moray Firth.
Premier Oil lifts Catcher plateau production expectations
UK North Sea Catcher field, Premier Oil’s crown jewel set to start oil production in 2017, might achieve higher plateau output rate than initially anticipated. According to Premier Oil, ten wells have been drilled to date at the project. The drilling results have led the operator to be optimistic th
TMC wins second FSRU deal for Höegh LNG
TMC Compressors (TMC) has been awarded a contract by Samsung Heavy Industries (SHI) to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean yard is building for Höegh LNG.
Statoil gains nod to tweak Heidrun for Dvalin gas
Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA) to modify the Heidrun tension leg platform off Norway to be able to receive gas from DEA Norge’s Dvalin development. Statoil has now received consent to modify parts of the production plant at the Heidrun TL
Picture of the day: Yamal LNG Tran 2 modules delivery
Russian independent natural gas producer, Novatek is developing the giant Yamal LNG project on the Yamal Peninsula.
Saudi Arabia, Russia agree oil output cuts until March 2018
By Chen Aizhu BEIJING (Reuters) – Saudi Arabia and Russia, the world’s two top oil producers, agreed on Monday to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. The timing of the announcement ahead of OPEC’s next official meeting
China Sparks World Container Traffic Boom
Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic surged by 10% year-on-year in the first quarter of 2017, fuelled mainly by spikes in imports and exports from China. The CTS numbers point to intra-regional trade as the primary driver of growth w