News
IEA boss: You can’t find oil if you don’t explore
Fatih Birol, the head of the International Energy Agency hopes the oil investments will start picking up, after several years of decline.
Eni says hits “Zohr like” gas discovery off Cyprus
Italian energy company Eni has made a lean gas discovery in Block 6 offshore Cyprus. Eni said in a statement on Thursday the find looked geologically similar to the giant Zohr gas field off Egypt. “Calypso 1 is a promising gas discovery and confirms the extension of the “Zohr like” play in the Cypru
Port: Fujairah Oil Spill Not Caused by Ship-to-Ship Transfer
The recent oil spill off the Port of Fujairah was not the result of a ship-to-ship transfer.
Chile’s Quintero LNG terminal in truck loading milestone
GNL Quintero, the Chilean regasification facility, said it had loaded the 50,000th truck with liquefied natural gas (LNG) at its truck loading station. The truck loading station has been operating since 2011 and consists of four independent loading bays. Trucks deliver LNG to markets throughout the
Guy Platten New Secretary-General of ICS
Guy Platten is to take on the role of Secretary-General at the International Chamber of Shipping (ICS).
Allseas’ next vessel to dwarf the giant Pioneering Spirit
Once, and if built, the sister vessel will dwarf its older brother both in size and in lifting capacity.
Ineos to restart Forties pipeline after another shutdown
UK-based Ineos is working to restart its Forties pipeline, which carries the North Sea oil and gas to shore, following an automatic shutdown.
Total’s profit, LNG sales rise
French energy giant and LNG player Total reported a rise of 28 percent to $10.6 billion in its adjusted net income during the last year, boosted by higher oil and gas prices and an increase in production. For the fourth quarter, Total’s adjusted net income stood at $2.9 billion rising 19 percent on
Developing a small-scale LNG terminal
By Wärtsilä Energy Solutions So you are interested in one of the coolest fuels on earth and would like help how to go from an idea to a successful project? We have compiled the things that need to be considered, common stumbling blocks and pointers that will guide you towards your ultimate goal: a s
TGS optimistic about long-term prospects. Boosts 4Q profit
At some stage oil companies need to increase exploration efforts in order to meet the continued growth in demand
Australia’s Origin flags $416 million impairment hit
Australia’s Origin Energy, the owner of a 37.5 percent stake in the Australia Pacific LNG project, expects to book a post-tax impairment charge of A$533 million ($416.4 million) for its half-year results. The aggregate charge includes a non-cash writedown of A$360 million for the company’s Ironbark
Gas Natural Fenosa’s net income up 1 pct
Spanish LNG operator Gas Natural Fenosa reported a net profit of 1.36 billion euros ($1.67 bln) in 2017, a rise of 1 percent as compared to the year before, boosted by higher prices and demand. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached 3.9 billion euros, down 16
Searcher Seismic builds up Argentinian seismic database ahead of bidding round
Searcher Seismic has expanded its Argentinian multi-client library by offering over 97,000 km of seismic data.
Vessel of the Year award goes to ‘Maersk Master’
Maersk Master, Maersk Supply Service’s first AHTS Starfish-class vessel, has been awarded the Vessel of the Year award.