The Abu Dhabi National Oil Company (ADNOC) is in advanced discussions with more than a dozen potential partners who have expressed a significant interest in the offshore concession, currently operated by the Abu Dhabi Marine Operating Company (ADMA-OPCO), that expires next March. The potential partn
Australian services company, SRG Limited has been contracted by Hyundai Engineering and Construction to provide specialist contracting services for eight new LNG tanks in Kuwait.
The most popular articles of the week July 31 – August 6, 2017.
Gas shipping giant BW said its FSRU BW Singapore that is currently operating in Egypt has reached a ship-to-ship transfer milestone. BW LNG’s first floating storage and regasification unit (FSRU) has completed its 100th STS transfer on 22 July 2017, the company said in a brief statement through its
Doha-based Qatar Navigation (Milaha) saw its profit halved for the first six months of 2017, due to difficult shipping market conditions.
Starting from August 16, 2017, all ships from international waters will be required to provide a ballast water sample and report when calling at Saudi Aramco ports and terminals, Inchcape Shipping Services (ISS) informed. As explained, the aim of this initiative is to ensure all ships comply with Ba
The most popular articles of the week July 24 – 30, 2017.
Despite falling freight rates for floating storage regasification units (FSRUs), investment returns at current asset prices and charter rates are higher compared with standard LNG vessels, according to Drewry’s LNG Forecaster report. The global FSRU fleet has grown at a CAGR of 21% over the last fiv
The stranded Indian crew members of MV Sharjah Moon have finally returned home, India’s Consulate General in Dubai informed. ” With our persistent efforts, 5 Indian sailors of Sharjah Moon stuck for many months returning home tonight. We had intervened earlier to send back captain of the ship Jaipra
Oil majors, such as Exxon and Shell, among others, are set to reveal their second quarter financial and operational reports this week, with BP expected next week. Wood Mackenzie, an energy intelligence group, has posted a podcast taking a look into what to expect when it comes to the 2Q results seas
Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipper, reported an 18.3 percent drop in net profit for the first half of 2017, compared to the first six months last year.
World’s total energy investment in 2016 fell to $1.7 trillion, a 12 percent drop versus $1.9 in 2015, dragged down by the oil companies’ lack of spending which was slashed by a quarter. According to a report released by the International Energy Agency (IEA), while the world experienced a 9% increase
Topaz Energy and Marine has shared the photos of its latest newbuild, the Topaz Tiamat, undergoing sea trials in Norway. The UAE-based owner of offshore support vessels ordered the Topaz Tiamat from Vard Brattvag in Norway back in September 2015. Topaz Tiamat was ordered together with its sister ves
South Hook liquefied natural gas terminal in the United Kingdom is scheduled to receive a cargo from Qatar at the end of the week.
