News
Amec FW returns to 1H profit. Upstream challenges persist
Amec Foster Wheeler, a provider of services to the global energy industry, returned to profit in the first half of the year. The UK-based company on Thursday reported a net profit of 57 million pounds on a 2,3 billion pund revenue. This is compared to a loss of 429 million pounds a year ago and [&he
AGL Energy selects site for Australian LNG import terminal
AGL Energy, Australia’s second-largest power and gas retailer, picked Crib Point (Western Port) in Victoria as the preferred site for a liquefied natural gas (LNG) import terminal.
Harvey Gulf and M² Subsea in Gulf of Mexico ROV pact
ROV services provider M2 Subsea has formed an alliance with offshore vessel operator Harvey Gulf Marine International to provide subsea ROV services in the Gulf of Mexico. M2 Subsea said that the alliance would see the company’s ROVs utilized on board Harvey Gulf’s DP2 survey support vessel, the Har
Boskalis Harbours EOWDC Foundations at Peterhead Port
Boskalis has awarded Peterhead Port Authority with a contract to harbour the suction bucket jacket foundations for the 11-turbine European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay, Scotland.
Boskalis Harbours EOWDC Foundations at Peterhead Port
Boskalis has awarded Peterhead Port Authority with a contract to harbour the suction bucket jacket foundations for the 11-turbine European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay, Scotland.
NRF: Imports at Top US Container Ports to Hit New Monthly, Annual Records
August is expected to be the busiest month on record for imports at the US major retail container ports and 2017 is on track to set a new annual high, according to the new monthly Global Port Tracker report released by the National Retail Federation (NRF) and Hackett Associates. The rise is attribut
Origin to take A$815 million APLNG hit
Australia’s Origin Energy expects to book an impairment charge of approximately A$1.2 billion ($945.3 million) for the second half of FY2017.
CB&I swings to second quarter loss
The LNG engineer Chicago Bridge & Iron (CB&I) reported a net loss of $425 million for the second quarter of 2017, as compared to a profit of $123.8 million in the corresponding quarter last year. Revenue was $1.3 billion in the second quarter of 2017, compared to revenue of $2.2 billion in the secon
USCG: Detained Ship Departs Baltimore after 10 Months
Having been detained for the last ten months, the 5,900 dwt tanker Asphalt Trader departed Baltimore on August 5, the United States Coast Guard (USCG) said. The Greece-flagged Asphalt Trader, previously known as Newlead Granadino, was detained for numerous safety discrepancies found during complianc
King & Spalding advises Summit on Bangladesh LNG terminal
International law firm King & Spalding has been hired to act for Summit Corporation on all aspects of the new FSRU-based LNG import terminal in Bangladesh.
ITF’s Tech Talk event to discuss decom challenges at SPE Offshore
The Industry Technology Facilitator (ITF)’s latest Innovation Network Tech Talk event will bring together technology developers, industry bodies, service companies and operators to discover the opportunities for efficient and cost-effective decommissioning and well abandonment. ITF’s free event will
Zeta launches offer for NZOG
Zeta Energy, a Singapore-based company, has launched a takeover offer for New Zealand Oil & Gas Limited. The offer, of $0.72 per fully paid share, is for a partial takeover, meaning Zeta plans to buy an additional 41.955% of each class of the shares in NZOG not currently held or controlled by Zeta.
Amec Foster Wheeler’s trading profit falls in H1
London-based LNG engineer Amec Foster Wheeler reported an 8 percent fall in its half-year trading profit mainly due to “challenging conditions” in the upstream oil and gas market. Amec Foster Wheeler reported a trading profit of 162 million pounds ($210.2 million) for the period under review compare
SBM Offshore: Industry witnessing recovery
Dutch FPSO specialist SBM Offshore has raised the expected revenue forecast for the full year 2017 on the back of the gradual recovery seen in the oil and gas industry. “As expected, the industry is witnessing a gradual recovery. Although significant decreases in project break-even prices are making