News
France’s Elengy hits LNG reload milestone
French LNG terminal operator Elengy said it has recently reloaded its 50th cargo of liquefied natural gas (LNG). Elengy started offering reloading services back in April of 2012 with first reload taking place at the Montoir-de-Bretagne LNG terminal located on the French Atlantic coast. The latest ca
VIDEOS: Armada LNG Mediterrana Enters Maltese Waters
Armada LNG Mediterrana, the Floating Storage Unit (FSU) owned by Malaysia-based offshore oil & gas services provider Bumi Armada, arrived in Malta on October 10, 2016, where she will provide storage facility and supply gas to the country’s Delimara power station. The 1985-built vessel, former Wakaba
Oil eases off four-month high as speculators doubt deal to cut output
By Karolin Schaps LONDON (Reuters) – Oil eased off four-month highs on Monday as doubts that oil producers can reach a meaningful output cut deal prompted some speculators to unwind bullish bets. Global benchmark Brent crude futures <LCOc1> were down 9 cents at $51.84 a barrel at 1029 GMT, around 2
Saudi Arabia’s Falih says OPEC should not crimp supply too tightly
ISTANBUL (Reuters) – Saudi Arabia’s Energy Minister Khalid al-Falih said on Monday that OPEC should not crimp oil supply too tightly and said he was optimistic a global production deal to limit supplies could be reached by November. Speaking at the World Energy Congress in Istanbul, Falih said OPEC,
BIMCO: UK Seaborne Coal Import Down by 64 Pct
The main exporters of thermal coal for coal-fired power plants to the United Kingdom have experienced a heavy decline in seaborne cargo volumes in 2016 as a result of the UK close to doubling its Carbon Price Floor (CPF), according to BIMCO. Russia, Colombia and the United States have been the top c
Super Puma flight ban stays in UK and Norway
A ban on all flights of Airbus Helicopters’ Super Puma EC225LP and AS332L2 remains in place in Norway and UK despite a lift of the temporary suspension by the European Aviation Safety Agency (EASA). To remind, the EASA informed on Friday it was lifting the temporary ban on the Super Puma EC225 LP an
Spotted: Hawk Swoops Up Transocean Winner
Transocean Winner, the oil rig that grounded near Scottish Carloway in August and that was subsequently towed to Broad Bay, was loaded onto the semi-submersible heavy lift ship Hawk on October 7, 2016, ready to depart the UK. The UK Maritime and Coastguard Agency (MCA) verification aircraft was on s
Novatek’s gas production edges down
Novatek, the Russian operator of the Yamal liquefied natural gas project, reported a slight decrease in natural gas and liquids production during the first nine months of 2016.
Jun Yang 1
In August 2016, after successful completion of sea trials, Trailing Suction Hopper Dredger (TSHD), Jun Yang 1, was handed over to her new owners. Built at the Royal IHC’s shipyards in Kinderdijk, the Netherlands, the TSHD was developed for CCCC Guangzhou Dredging Company Ltd (GDC), which is based in
DW: Average spend for new upstream projects falls by 40 pct
Recently, OPEC announced production cuts as a strategy to reduce over-supply in the market and give a much-needed boost to oil prices. Without higher oil prices, many new projects are thought to be uneconomic. Or are they? According to its report on Monday, Douglas-Westwood has recently reviewed ove
Airborne Oil & Gas gets $25M in funding. Saudi Aramco joins shareholders
Airborne Oil & Gas (AOG), a manufacturer of thermoplastic composite pipes (TCP) for oil & gas applications, has raised €23 million ($25.7 million) in a Series C investment round from both new and existing shareholders. AOG said on Monday that Saudi Aramco Energy Ventures (SAEV) joined the shareholde
Statoil farms into UK North Sea blocks. Drilling slated for 2017
Jersey Oil & Gas, an oil and gas company focused on the UK Continental Shelf , is set to complete a farm-out of its North Sea assets. The farm-out agreed with Norway’s Statoil in August is expected to be completed soon. “Following receipt of funds by all parties, which is expected imminently, JOG w
Popular news, October 3 – 9, 2016
Popular news, October 3 – 9, 2016
Top news of the week October 3-8
Mozambique, Eni ink LNG supply deal with BP Italy’s Eni and Mozambique have signed a 20-year deal with UK-based BP for the supply of liquefied natural gas from the Coral FLNG project, moving the project further forward. Shell to fuel Carnival’s LNG cruise ships The Hague-based Shell signed an agreem