News
Port of Broome Closes as Cyclone Could Hit WA’s North
Western Australia’s Port of Broome has closed to shipping in anticipation of cyclonic impact.
VLCCs, Boxships to Benefit from Extended Suez Canal Cuts
Suez Canal Authority decided to extend the toll benefits for VLCCs and containerships.
EIA slashes Henry Hub price estimates, expects US LNG exports to nearly triple in H2 2019
The U.S. Energy Information Administration has reduced its forecast for Henry Hub natural gas spot prices this year. In its latest Short-Term Energy Outlook released on Tuesday, the agency said Henry Hub gas prices would average $2.88 per million British thermal units in 2018 and $2.92/MMBtu in 2019
Tellurian raises additional funds for Driftwood LNG
The Houston-based LNG export project developer, Tellurian, secured additional funds for detailed engineering of its proposed Driftwood LNG terminal and associated pipeline in Southwest Louisiana.
Update 3: No Large Oil Spill from Sanchi that Continues Burning off China
The fears of a major oil spill from Sanchi abate as around 1 pct of the condensate was found on the water surface.
IMB: Piracy against Ships Drops to 22-Year Low in 2017
A total of 180 incidents of piracy and armed robbery against ships were reported to IMB in 2017.
Tullow grabs Peruvian offshore blocks
UK-based oil and gas company Tullow Oil has agreed terms to add six new licenses covering 28,000 sq km offshore Peru to its portfolio.
Capuano takes post as U.S. EIA’s administrator
The U.S. Energy Information Administration (EIA) will be lead in the future by Linda Capuano, the ninth administrator to take responsibility in directing USA’s energy statistical and analytical agency.
PGNiG natural gas deliveries to Ukraine jump
Polish Oil and Gas Company (PGNiG) delivered over 1 billion cubic meters of natural gas to the Ukrainian market in the August 2016-December 2017 period.
GasLog Partners selling shares to fund new acquisitions
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog is looking to secure funds for future acquisitions from its parent company through shares offering.
Engie gets notice of order following Gjøa gas leak investigation
The PSA has given a notice of order to Engie E&P Norge following an investigation of a condensate leak on the Gjøa field off Norway.
Qatari delegation heads to China for energy cooperation talks
Qatar and China are engaging in negotiations regarding cooperation in the energy field as a Qatari delegation left for China.
Teekay, Wärtsilä develop dual-fuel shuttle tanker. Emissions cut by 40%
The concept offers a new level of economic and ecological performance, and is expected to reduce CO2 emissions by more than 40 percent,
Value of 15-Year-Old Handysize Bulkers to Rise by 33 Pct in 2019
Three second-hand vessel types are expected to see a considerable increase in value over the coming year.