News
Petrobras strikes pre-salt oil in Marlim Sul area
Brazilian oil company Petrobras has made an oil discovery in the Campos Basin’s pre-salt layer, in the area of Marlim Sul field. This is the first commercial discovery of oil in the pre-salt layer of the Marlim Sul area. The discovery occurred during drilling of Poraquê Alto well, at final depth of
Woodside plans to shut down Enfield
Australian energy giant Woodside plans to stop production from its Enfield oil field in production license WA-28-L off Australia and remove the Nganhurra FPSO from the field. The Enfield oil field is located approximately 52 km north-west of Exmouth in Western Australia. The field has been developed
Volumes Continue Growing at Port of Los Angeles
The Port of Los Angeles’ container volumes climbed by 9.5 percent during the first seven months of the calendar year 2017, compared to the same period a year earlier. Through July, total 2017 cargo volumes stood at 5.3 million TEUs, a change of 457,884 TEUs when compared to 4.8 million TEUs recorded
PTT eyes project investment to secure LNG supply
Thailand’s PTT is aiming to secure smaller stakes in Australian liquefied natural gas projects to triple its LNG imports by 2022 as the domestic natural gas production diminish.
AmBank takes legal action against Nam Cheong over $16M debt
Nam Cheong, a cash strapped Malaysian offshore vessel builder, has been hit with a claim by AmBank. The OSV player on August 9, 2017 received a writ of summons and statement of claim dated August 7, 2017 filed by AmBank in the High Court of Malaya at Kuala Lumpur, Malaysia. AmBank is seeking a loan
SBM Offshore, Repsol set to split Yme insurance cash
SBM Offshore has executed a settlement contract with an extended group of primary layer insurers for the Yme platform that was recently removed from the Norwegian sector of the North Sea amid structural stability concerns. The execution follows SBM’s announcement in July, regarding the reaching of H
US LNG exports down on week
The Sabine Pass LNG export terminal exported fewer cargoes in the week ending August 9 as compared to the week before, according to the Energy Information Administration. Three vessels with a total LNG-carrying capacity of 9.9 billion cubic feet (Bcf) departed Sabine Pass from Thursday to Wednesday,
Petronet’s LNG terminals record highest throughput
India’s largest importer of liquefied natural gas, Petronet LNG, a net profit of 4.4 billion rupees ($68.3 million) for the second quarter of 2017.
South Korea’s Kogas posts decline in July domestic sales
South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, reported a 2.4 percent decrease in its domestic natural gas sales in July. Kogas said in a filing to the stock exchange on Thursday it sold 2.13 million mt of LNG equivalent last month, as compared to 2.18 million mt in July 201
Petronas focuses on expanding presence in Indian LNG market
Malaysian energy giant Petronas is aiming to grab a larger share in India’s liquefied natural gas sector, the company’s president and CEO Wan Zulkiflee Wan Ariffin said on Thursday.
Bibby Wavemaster 1 Completes Sea Trials
Bibby Wavemaster 1, Bibby Marine Services’ service operation vessel (SOV), has completed her sea trials in the Black Sea and is getting ready to set sail to the Galloper offshore wind farm in the UK.
Bibby Wavemaster 1 Completes Sea Trials
Bibby Wavemaster 1, Bibby Marine Services’ service operation vessel (SOV), has completed her sea trials in the Black Sea and is getting ready to set sail to the Galloper offshore wind farm in the UK.
Damaged US Navy Warship to Be Moved to US for Repairs
The US Navy’s severely damaged guided missile destroyer USS Fitzgerald is to be moved back to the US months after it collided with the containership ACX Crystal in Japan. The warship “will be returning to the US for repairs,” the spokesperson for the US Navy 7th Fleet confirmed, adding that the deal
Ten Turbines to Go at Nordsee One Offshore Wind Farm
MPI Offshore’s wind turbine installation vessel MPI Enterprise has installed 44 out of 54 Senvion 6.2M126 wind turbines at the 332MW Nordsee One offshore wind farm in the German North Sea, Canada’s Northland Power reports.