News
EU Court Slashes Spain’s Fine for Port Reform Delays
The European Union’s Court of Justice has fined Spain with EUR 3 million (USD 3.4 million) for failing to liberalize its stevedoring sector in line with the EU regulations. However, the fine has been slashed, as the European Commission initially sought from Spain to pay EUR 134, 107 for every day of
ConocoPhillips proposes Barrosa field development, ditches FLNG option
ConocoPhillips has discarded the possibility to develop the Barrosa gas field in the Bonaparte Basin via an FLNG facility in its offshore project proposal, deeming it uneconomic due to its high capital cost.
Indonesia’s rising output cuts need for LNG imports
Indonesia might not need to import liquefied natural gas (LNG) until 2020 as local production turns out to be better than expected.
PROFEPA: Oil Still Leaking from Grounded Los Llanitos Bulker
Small traces of hydrocarbons were found in the water surrounding the grounded bulk carrier Los Llanitos in Punta Graham, Mexico’s environmental protection agency (PROFEPA) said. The oil sheen was detected during a monitoring tour to the site on Tuesday. Namely, having boarded the wreck, inspectors f
US LNG changing the international gas market, IEA says
The global natural gas market is undergoing a major transformation driven by new supplies coming from the United States to meet growing demand in developing economies and as industry surpasses the power sector as the largest source of gas demand growth, according to the International Energy Agency.
Bulker Zhen Bang Arrested in Singapore
A Panamax bulk carrier has been detained in Singapore waters, Supreme Court of Singapore’s data shows. The 79,400 dwt Zhen Bang, operated by Grand China Logistics, was arrested at around 11:00 A.M on July 12, 2017. The reason for the bulker’s detention was not disclosed. Focal Investigation & Securi
Shipping Industry Cautioned as Giant Antarctic Iceberg Breaks Off
Ships venturing into the Antarctic waters could be faced with navigational hazards on the heels of the breaking off of a one trillion tonne iceberg – one of the biggest ever recorded – which has calved away from the Larsen C Ice Shelf in Antarctica, the Swansea University said on Wednesday. The calv
Woodfibre LNG’s EAC amendment approved
Woodfibre LNG said its application to amend the environmental assessment certificate (EAC) for the construction and operation of the LNG export project in Squamish, British Columbia, has been approved.
SCPA Posts Record Annual Volumes
South Carolina Ports Authority (SCPA) moved a record 2.14 million TEU units in fiscal year 2017, an increase of 10 percent over the previous year’s container volumes. As explained, highest-ever June volumes of 183,237 TEUs gave SCPA a strong finish to its fiscal year, which runs July through June. T
UK oil & gas regulator awards 12 new offshore licenses
UK’s oil & gas industry regulator, the Oil and Gas Authority (OGA), has offered for award 12 licenses to 11 companies in the 2016 Supplementary Offshore Licensing Round, which closed for applications in March 2017. Fourteen blocks were originally on offer in this Supplementary Round, offered last De
Okra Energy buys Peruvian LNG company Cryogas
New York-based Okra Energy has acquired Cryogas, a Peruvian company specializing in the transportation and storage of liquefied natural gas (LNG), as well as the installation of satellite regasification plants. As a unit of Okra Energy, Cryogas will administer all aspects of LNG distribution, logist
Solstad Farstad delivers anchor handler to new owner
Farstad Supply, a subsidiary of Norway’s newly-formed OSV provider Solstad Farstad, has sold and delivered one of its AHTS vessels to its new owner. The delivery of the anchor handling tug and supply vessel Far Shogun to the new owner took place on Thursday, July 13. Now that the delivery has been m
ConocoPhillips adds new board member
Houston-based energy giant and LNG player ConocoPhillips has elected Sharmila Mulligan, founder and chief executive officer of ClearStory Data Inc., to serve as a board member. Mulligan spent her career building innovative software companies, most recently founding ClearStory Data Inc. in 2011. She
Ireland: Providence gets more time on Barryroe license
Providence Resources, an Irish oil and gas exploration company, has been granted an extension for its Standard Exploration Licence (SEL) 1/11, offshore Ireland. The license which contains the Barryroe oil accumulation is operated by Providence’s wholly owned subsidiary Exola DAC that holds 80 percen