News
Port of Melbourne Has Victoria Covered Until 2055
Australia’s state of Victoria will not need a second major container port until capacity at the Port of Melbourne reaches approximately 8 million TEU, which is likely to be around 2055, according to Infrastructure Victoria. The estimate follows a request from the Special Minister of State in May 201
Equatorial Guinea joins OPEC
The Organization of the Petroleum Exporting Countries (OPEC) has expanded its membership and now comprises 14 countries. During its meeting in Vienna on Thursday, where it was decided that the previously announced production cuts would continue for nine more months, OPEC also approved Equatorial Gui
EIA: Sabine Pass ships three LNG cargoes, Henry Hub down
Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported three cargoes of the fuel in the week ending May 24, according to the Energy Information Administration. Three vessels with a total LNG-carrying capacity of 10.
Santos names new non-executive director
Australian LNG player Santos named Vanessa Guthrie to the company board as an independent non-executive director with effect on 1 July 2017.
PGS, TGS in Canada seismic shoot
Norway’s seismic data specialists Petroleum Geo-Services and TGS have started the fourth 3D seismic project offshore Eastern Canada for 2017. Long Range 3D will comprise approximately 9,100 square kilometers of 3D GeoStreamer® data in the Eastern Newfoundland region. The survey covers open acreage w
Eni agrees oil and gas cooperation with Oman Oil Company
Italian energy giant and LNG player Eni signed a memorandum of understanding with Oman Oil Company (OOC) to explore cooperation opportunities in the oil and gas sector.
Canada to Protect Large Ocean Area Offshore British Columbia
The Government of Canada is moving forward on its plan to reach its domestic and international targets of protecting 5% of Canada’s marine and coastal areas by 2017 and 10% by 2020 to ensure a healthy environment and economy for current and future generations. The Parliamentary secretary to the mini
Indian, Japanese JV to build LNG terminal in Sri Lanka
India and Japan have reportedly joined forces to set up a US$250 million LNG import terminal in Sri Lanka as a response to growing Chinese influence in the country.
Interview: Jones Act decision is not only disappointing – it is alarming, OMSA CEO says
U.S. Customs and Border Protection recently withdrew its proposed changes to the Jones Act that would have deemed foreign flagged vessels banned from operation in the U.S. waters. The Jones Act, passed in 1920, prevents foreign-flagged ships from shipping merchandise between points in the United Sta
Eni, Snam to develop CNG, LNG stations in Italy
Eni and Snam signed on Thursday a framework agreement for the development of compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations in Italy, as part of a wider set of initiatives to promote sustainable mobility. The duo aims at developing CNG and LNG plants within Eni’s natio
Eni teams up with OOC to enter Oman’s offshore oil & gas sector
Italian oil giant Eni and Oman Oil Company S.A.O.C. (OOC) have finalized a memorandum of understanding (MoU) to explore oil and gas cooperation opportunities in the Middle Eastern country. Eni said on Thursday that the deal was signed in Milan by Isam bin Saud Al Zadjali, CEO of OOC, and Claudio Des
Venture Global LNG brings in more cash for its projects
Venture Global LNG garnered $81.4 million, in its sixth round of equity investment to fund the development activities for its proposed LNG export facilities in Louisiana.
Statoil sells shares in International Petroleum Corporation
Statoil has sold its share in the International Petroleum Corporation for C$109 million. IPC is a recently formed company into which Swedish oil operator Lundin Petroleum spun off its non-Norwegian producing assets, as part of the company restructuring. Lundin then said it would distribute all of th
Mech-Tool Engineering Delivers for Dudgeon
Mech-Tool Engineering, a Teesside based product manufacturer and supplier of fire, blast and radiant heat protection systems has delivered a contract for Statoil’s GBP 1.5 billion Dudgeon offshore wind farm project.