News
Chinese banks provide €780 mln for Yamal LNG in July
Chinese banks provided €780 million during the month of July for the Novatek-operated Yamal LNG project, Reuters reports, citing the project’s accounting data.
Portugal awaits Algerian LNG cargo
REN’s Sines LNG terminal located on Portugal’s Atlantic coast is scheduled to receive a cargo of the chilled fuel from Algeria.
Oil falls as investors assess chances of output freeze
Oil fell for the first time in a week on Wednesday, but remained in sight of six-week highs, as investors weighed up how successful potential talks among producers to rein in ballooning oversupply would be.
Spotted: LCT Welcomes 1st Neopanamax Boxship in Tilbury
London Container Terminal (LCT) in Tilbury, along with the Port of London Authority (PLA), welcomed on August 14 the inaugural call of MSC Sofia Celeste, a 8,819 TEU Neopanamax vessel, following its transit of the newly enlarged Panama Canal. Operated by the Mediterranean Shipping Company (MSC), the
Linde, Praxair confirm merger talks
Linde AG of Germany and U.S. rival Praxair confirmed they are in preliminary merger talks for a deal that would create the world’s largest industrial gas supplier.
Petrobras cans another vessel deal with Havila
Brazilian oil company Petrobras has terminated yet another vessel contract with the Norwegian offshore vessel operator, Havila Shipping. The shipping company said on Wednesday that the oil company terminated the contract for the vessel Havila Favour. The vessel’s contract was blocked by local tonnag
Masdar to Invest in 1.5GW of European Offshore Wind Projects?
8.2 Consulting today informed that it had carried out due diligence services for Masdar, which is considering an investment in a 1.5GW portfolio of different offshore projects in the European market. “8.2 Consulting is very glad to have supported Masdar with its expert team during the assessment of
Masdar to Invest in 1.5GW of European Offshore Wind Projects?
8.2 Consulting today informed that it had carried out due diligence services for Masdar, which is considering an investment in a 1.5GW portfolio of different offshore projects in the European market. “8.2 Consulting is very glad to have supported Masdar with its expert team during the assessment of
Otto Marine launches arbitration against Mexico’s Grupo Evya
Singapore’s offshore vessel builder and charterer Otto Marine has started arbitration against its Mexican client over unpaid charter fees for the Oranda 1 offshore vessel. Otto Marine said the arbitration proceedings were initiated by its subsidiary Karp Marine against the charterer Grupo Evya. The
Spotted: Record Number of Cruise Ships Meet at Port of Tyne
The Port of Tyne in North East England is having the busiest day ever as five passenger ships arrived at its International Passenger Terminal in North Shields, including Koningsdam, the biggest cruise ship ever to visit the port. Owned by US-based cruise company Holland America Lines, ms Koningsdam
Abis Duisburg Marks 200 Safe Transfers at Wikinger
Offshore Windforce’s personnel aboard the multipurpose vessel Abis Duisburg, working on the Wikinger offshore wind farm, have had more than 200 safe transfers from the vessel to wind farm structures since the Abis Duisburg was equipped with a new gangway. Dutch company SMST recently completed the M
Norway sees largest monthly oil output in 5 years due to Goliat input
Norway’s government agency in charge of managing the oil and gas resources, the Norwegian Petroleum Directorate (NPD), has reported that the country’s oil production in July 2016 increased 10 pct when compared to the same period last year due to contribution from Eni Norge’s Goliat field in the Bare
Nord Stream 2 participants hit road block in Poland
Nord Stream 2 partners have withdrawn the application with the Polish competition authority to create a joint venture that would construct the Nord Stream 2 gas pipeline.
Russia’s Novatek extends gas supply deal with NLMK
Russia’s Novatek, operator of the giant Yamal LNG project on Tuesday said it has extended its gas supply deal with steel producer NLMK Group until 2025. Novatek agreed last year to supply NLMK with 2.8 billion cubic meters of natural gas per annum for 5 years starting from the beginning of 2016. The