News
Top news of the week Jan 30 – Feb 4
Marubeni, Sojitz ink deal for Indonesia LNG power project Japanese trading houses Marubeni and Sojitz entered into a long-term power purchase deal with the Indonesian state-owned utility PLN for a gas-to-power project that includes the provision of a floating storage and regasification unit. Shell s
Portugal to get US LNG cargo
Portugal is set to receive a cargo from Cheniere’s Sabine Pass LNG export terminal in Louisiana, at least that is what the ship-tracking data currently shows. This would be the second U.S. LNG cargo produced from shale gas to reach Portugal. According to the shipping data by the port of Sines, the 1
Lithuania: ESO plans LNG regasification facility in Druskininkai
Energijos Skirstymo Operatorius a Lithuanian power and gas distributor issued a public call for tenders for the installation of LNG regasification facility in the town of Druskininkai.
Shell appoints new Australian head
The Hague-based LNG giant Shell said that its unit, Shell Australia named Zoe Yujnovich as a successor to Andrew Smith as chairman of the Shell companies in Australia from April 1, 2017.
Statoil strikes gas in North Sea
Norwegian energy giant and LNG player Statoil has made a gas discovery at the Valemon field in the North Sea, two years after Valemon came on stream. The discovery is estimated to contain between 20 and 50 million barrels of oil equivalent, Statoil said on Friday. The well was drilled 160 kilometres
Euskalforging Wins Flanges Supply Contracts for EOWDC, Rentel
Euskalforging has won contracts for the delivery of foundation flanges for the Aberdeen Offshore Wind Farm in the UK and Belgian Rentel offshore wind project.
Timelapse: Zeebrugge fifth LNG tank construction advances
Construction on the fifth LNG storage tank at the Fluxys-operated Zeebrugge terminal in Belgium is moving forward. The work on the 180,000-cbm storage tank officially began in June 2015. Once completed, it will be the largest tank at the Zeebrugge LNG terminal, with a diameter of 95 metres and a tot
In Photos: Subsea Expo 2017 – Day 2
It is day two of the Subsea Expo 12th annual event at the Aberdeen Exhibition and Conference Centre. Here are some of the photo highlights from the exhibition floor Subsea World News took on Thursday. We spoke to several industry players during the event and you will soon be able to read their stori
Poland’s PGNiG opens LNG trading office in London
Polish Gas and Oil Company (PGNiG) on Wednesday opened a trading office for liquefied natural gas (LNG) in London. The office, that is being opened at times when the UK is leaving the European Union, is being run by PGNiG Supply and Trading GmbH, a Germany-based subsidiary of PGNiG. PGNiG said earli
EY: Upstream deal value fell in 2016. No match for Shell-BG merger from 2015
Global oil and gas deal activity in 2016 recovered from a slow start to the year with help from the announcements of midstream and oilfield services (OFS) megadeals. Upstream deal value, however, fell, as no 2016 deal could match Shell’s acquisition of BG in 2015. According to the EY Global oil and
UK’s subsea exports to pick up in 2017, survey reveals
British subsea companies are expecting to increase overseas activity in the next 12 months, according to a survey conducted by industry body, Subsea UK. Subsea UK on Thursday revealed findings from its export survey at the Subsea Expo, the world’s largest subsea exhibition and conference, currently
Shell’s Q4 profit down, LNG sales up
The Hague-based LNG giant Shell on Thursday said its fourth-quarter profit dropped 44 percent year-on-year. Shell’s 2016 fourth-quarter earnings on a current cost of supplies (CCS) basis were at $1 billion compared with $1.8 billion in the same quarter of 2015. “Earnings were impacted by charges of
MSC Cruises, ARTA develop new LNG bunkering system
MSC Cruises, the Swiss-based cruise line, has partnered up with ARTA to develop an LNG bunkering system for MSC Cruises fleet.
Russian shipping company names Sakhalin-bound ice-breaking supplier
Russia’s shipping company Sovcomflot (SCF) named its newbuild ice-breaking supply vessel, built for the Sakhalin-2 project, on January 30, 2017. SCF said on Tuesday that the vessel, named after a famous explorer Gennadiy Nevelskoy, was under a long-term agreement with Sakhalin Energy. Sovcomflot and