News
Cheniere posts losses, Sabine Pass passes 200 LNG cargoes mark
The US LNG export player, Cheniere, reported a net loss of $289 million for the third quarter of 2017, compared to $101 million net loss in the corresponding period a year ago.
India’s GAIL closes LNG cargo tender
India’s gas utility GAIL has reportedly closed a tender seeking two cargoes of liquefied natural gas (LNG) for delivery between November and January. The tender is valid until November 15, Reuters reported on Tuesday citing traders. The discharge period for the cargoes is between November 20-Decembe
South Korean companies fined over LNG job bids rigging
The Seoul Central District Court dished out a total of over 3.5 trillion won ($3.1 billion) to ten construction companies rigging the tender bids for LNG storage tank construction jobs.
IEA: Too early to write obituary for oil
Oil shouldn’t be written off too early, despite the expected sharp rise in gas and renewables over the next 25 years. This is according to the International Energy Agency which forecasts that over the next 25 years, the growing energy needs will be met by renewables and gas first. In its World Energ
Tanker Earnings to Remain Low in 2018 amid Oversupply
The recovery of the tanker market forecast to start next year and give the much-needed boost to company earnings seems to be far-off due to the lingering effect of tonnage oversupply. According to Fitch Ratings, a glut of new vessel deliveries and limited scrapping of older ships means the global ta
FERC permits commissioning cargo exports from Cove Point LNG
The United States Federal Energy Regulatory Commission granted permission to Dominion to export commissioning volumes produced at its Cove Point liquefaction project near Lusby, Maryland.
Eni enters block offshore Oman, Qatar Petroleum takes part
The Government of the Sultanate of Oman, OOCEP, and Eni have entered into an exploration and production sharing agreement for Block 52 off Oman.
AGDC, PetroVietnam Gas ink LNG deal
Alaska Gasline Development Corporation (AGDC) and PetroVietnam Gas (PVGAS) signed a memorandum of understanding for potential LNG supply to Vietnam.
First Unmanned Vessel Joins UK Ship Register
The UK Ship Register has signed its first-ever unmanned vessel to the flag. As explained, the move shows how the register “is adapting to the changes of the maritime industry.” ASV’s C-Worker 7 will be used for work such as subsea positioning, surveying and environmental monitoring. It can be used u
Partners to pump up Upper Zakum output to one million barrels per day
ADNOC, ExxonMobil and Japan’s Inpex have made an agreement to increase production capacity from the Upper Zakum oil field to one million barrels per day by 2024.
IEA: natural gas, renewables leading global energy transformation
Over the following 25 years, the world’s growing energy needs will be met first by renewables and natural gas, with global energy demand to jump by 30 percent by 2040.
OOS Energy Aims at Offshore Wind with Two New Jack-Ups
OOS Energy has unveiled a new vessel design that will serve the offshore wind sector, in addition to oil & gas. The company will build two units of the vessel and is now in final talks with shipyards for the construction with an expected delivery in 2020/ 2021.
Spectrum builds on Argentinian program with new seismic survey
Seismic data specialist Spectrum has begun its multi-client 2D seismic survey covering the Austral and Malvinas basins offshore southern Argentina.
Piriou delivers another FPSV to Jana Marine
French shipbuilder Piriou has delivered another fast personnel and supply vessel (FPSV) to Jana Marine, a Saudi Arabian provider of marine services to the offshore o&g industry. The FPSV named Jana 18 was delivered six months after the delivery of its sister vessel, the Jana 17 which was delivered t