The most popular news of the week.
Update: Teekay’s LNG tanker attacked off Yemen Teekay’s LNG carrier, the 2004-built Galicia Spirit with the capacity to transport up to 137,814 cubic meters, has come under attack off the coast of Yemen. Picture of the day: Yamal LNG project progresses Novatek-led US$27 billion Yamal LNG project is
The liquefied natural gas (LNG) tanker Galicia Spirit, owned by shipping company Teekay, experienced a suspected piracy attack on October 25 while it was off the coast of Yemen, according to the owner. Crisis management and response consultancy NYA said that the tanker was approached by a small vess
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Tuesday as disagreement flared within producer cartel OPEC on who should cut how much production in a planned coordinated reduction to prop up prices. The dollar, which held near nine-month highs against a basket of major currencies <.D
Offshore Energy Exhibition & Conference, a two-day event being held on October 25 & 26, kicks off on Tuesday in Amsterdam RAI, where companies from the oil & gas and renewable industries will meet for networking, knowledge sharing and business. The past days the organization worked hard to get every
The ‘old Panamax’ sector seems to be slowly fading away, falling from 969 units in 2012 to 796 at the start of October, as the fleet is in a steady and perhaps terminal decline, according to Clarksons Research. Although plenty of ‘old Panamaxes’ are out there battling on, things are only going one w
By Katya Golubkova and Shadia Nasralla VIENNA (Reuters) – A short-term cap in oil output would reduce market volatility, Russian Energy Minister Alexander Novak said on Monday at a meeting with OPEC Secretary-General Mohammed Barkindo, as both are looking at ways to stabilize prices. Russia is the w
A sustained low oil price environment is a challenging one, with ‘survival of the fittest’ being an undeniable reality of the sector, Douglas-Westwood, an energy intelligence group said its DW Monday report. According to Douglas-Westwood, upstream E&P operators, in the past two years, have scurried
The most popular articles of the week
Italy: HIGAS wins governmental approval for Sardinia LNG project HIGAS, a joint venture between Gas and Heat and CPL Concordia, received the final governmental approval for the construction and operation of the small-scale LNG storage facility in Santa Giusta (Oristano), Italy. Nakilat takes over it
Port development and maritime technology will be in focus of the visit of the Netherlands’ Minister of Infrastructure and the Environment Melanie Schultz van Haegen-Maas Geesteranus and a delegation of Dutch companies to Iran from October 23 to 28, 2016. During the visit, the trade delegation will m
Doha-based Qatar Navigation (Milaha) reported a 20.8 percent drop net profit for the first nine months of 2016.
Qatar’s Nakilat, the world’s largest LNG shipper, said its nine-month net profit dropped 1.1 percent as compared to the same period a year ago. The LNG shipping giant reported a net profit of 749 million riyals (US$199.6 m) for the January-September period, compared to 757 million riyals in 2015. Na
The start-up of Qatar’s Barzan gas project has reportedly been delayed due to a leak in a gas pipeline.
