News
Seadrill extends NADL loan maturity date
Offshore driller Seadrill has given its subsidiary North Atlantic Drilling Limited some headroom, extending the revolving credit facility provided to NADL, to mature on September 12, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at bot
ILWU Members Support Contract Extension with PMA
A majority of US West Coast longshore workers at 29 ports in California, Oregon and Washington have agreed to a three-year extension of their collective bargaining agreement with the Pacific Maritime Association (PMA). With voting by workers complete, early returns indicate the contract extension wi
Enagás: Spain’s demand for natural gas grows
The demand for natural gas in Spain grew by 17 percent in July in relation to the same period last year, according to the data provided by the LNG terminal operator, Enagás.
China’s LNG imports continue to go up
China’s imports of liquefied natural gas (LNG) are continuing to rise and they were up 38 percent in June year-on-year as the country is pursuing its plan to cut addiction to coal to reduce pollution. The world’s largest energy consumer imported 3.04 million mt of the chilled fuel last month as comp
Will Singapore weather the offshore storm?
Victims of the slump in oil prices are spread throughout the world and Singapore’s offshore oil and gas industry is no exception.
Kathleen McAllister joins Höegh LNG Partners board
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s Höegh LNG named Kathleen McAllister to the company’s board following the resignation of Claibourne Harris.
Shell to axe 400 jobs
The Hague-based LNG giant Shell could cut approximately 400 jobs as it continues its restructuring to cope with lower oil prices.
ExxonMobil’s profit doubles in Q2
US energy giant and LNG player ExxonMobil said Friday second-quarter profit doubled on higher oil and gas prices. The Irving, Texas-based company earned $3.4 billion, or 78 cents a share in the second quarter, compared with $1.7 billion, or 41 cents a share, in the year-ago period. According to Reut
First Blyth Gravity-Based Foundation Installed, Second Up Next
The first gravity-based foundation (GBF) built for the Blyth Offshore Demonstrator Project has been installed onto the seabed. The second of the total of five GBFs has also arrived at the site and is ready to be installed.
Talos completes Zama-1 well, off Mexico
Talos has completed the drilling of the Zama-1 exploration well off Mexico, in which it recently found what is believed to be a billion barrel oil discovery. According to Premier Oil, a partner in the project, the well drilling has been completed, reaching a total depth of 4,108 metres (13,478 feet)
Origin production boosted by APLNG ramp-up
Australia’s Origine Energy posted rising production for the June quarter as well year on year, on the back of Australia Pacific LNG production ramp up.
Norway PM Solberg visits Johan Sverdrup project at Aibel
Prime Minister of Norway Erna Solberg on Monday got a tour of Aibel’s yard in Haugesund, where a drilling platform for the Johan Sverdrup offshore project is being built. Statoil-operated Johan Sverdrup is one of the five largest oil fields on the Norwegian continental shelf, with expected resources
Hess kicks off gas production at North Malay Basin project
U.S. oil company Hess has informed that production has kicked off from its North Malay Basin development, offshore Malaysia. According to Hess, hook-up of the topsides for the central processing platform was completed in the second quarter and first production of natural gas started in mid-July with
Anadarko inks Mozambique LNG marine concessions
Anadarko Petroleum signed marine concessions, two agreements with the government of Mozambique, allowing it to design, build and operate the marine facilities for its LNG project in northern Mozambique.