News
South Korea’s LNG imports rise in April YoY
South Korea, the world’s second-largest buyer of liquefied natural gas (LNG), boosted its imports of the chilled fuel by 7.4 percent in April year-on-year. The country imported 2.34 million mt of LNG in April, as compared to 2.17 million mt in the corresponding month the year before, according to th
Conrad Industries’ profit drops on LNG barge losses
U.S. shipbuilder Conrad Shipyard reported a net income of US$119,000 during the first quarter, due to losses on the LNG barge.
Report: Fire Erupts at SHI Geoje Yard
A fire erupted at Samsung Heavy Industries (SHI) shipyard in Geoje, South Korea, on May 17, Yonhap News Agency reports. The fire was brought under control and there were no casualties, Yonhap cited firefighters as saying. The blaze reportedly started in air condition equipment at the shipyard at aro
Qatari LNG cargo bound for Zeebrugge
Fluxys-operated Zeebrugge LNG terminal is scheduled to receive a cargo of liquefied natural gas next month.
Rosneft, Eni enter upstream cooperation agreement
Rosneft CEO, Igor Sechin, and Eni CEO, Claudio Descalzi, have signed a cooperation agreement for cooperation between the two companies in Russia and abroad. Eni said on Wednesday that the agreement relates to exploration and production, refining, trading, logistics and marketing, petrochemicals, and
Pavilions during OEEC
The Offshore Energy Exhibition & Conference (OEEC) provides the platform to meet new prospects and strengthen relationships with other leading industry players. With a strong percentage of stands already sold, this edition is gearing up nicely. OEEC will also be welcoming the following international
Dutch firm takes over Sterling Resource’s UK unit
Canadian energy company Sterling Resources has completed the sale of its UK operating subsidiary to Dutch exploration and production company, Oranje-Nassau Energie B.V. (ONE). To remind, Sterling Resources in early March entered into a definitive agreement with ONE for the sale of its subsidiary, St
BP inks Indonesia LNG supply deal
UK-based energy giant BP has signed a deal to supply LNG to the Indonesian power utility Perusahaan Listrik Negara (PLN). BP is to supply 16 LNG cargoes per year from its Tangguh LNG project in Bintuni Bay to PLN over 2020-2035. The Tangguh LNG facility consists of offshore gas production facilities
Australia offers 21 offshore exploration areas
The Australian government launched the 2017 Offshore Petroleum Exploration Acreage Release making 28 new oil and gas areas available for bidding. The areas sit across eight basins in Commonwealth waters off the Northern Territory, Tasmania, Victoria and Western Australia coasts, and in the Territory
This year’s SPE Offshore Europe to focus on new technology
The Oil & Gas Technology Centre’s Technology Zone at SPE Offshore Europe 2017 exhibition and conference will present a series of technologies used in alternative sectors which, in turn, could encourage the oil and gas industry to adopt new products. The Centre said on Wednesday that technologies suc
VBMS to Interconnect EnBW Hohe See and Albatros
After EnBW recently reached the final investment decision for the 112MW Albatros offshore wind farm and awarded the Tier 1 supply contracts, VBMS – in charge of inter-array cabling – informed that part of the scope is to interconnect Albatros and EnBW Hohe See.
Mainstream Puts Neart na Gaoithe on Fast Track
Following the ruling of the Inner House of the Court of Session, Mainstream Renewable Power plans to speed up the development of its Neart Na Gaoithe offshore wind farm to bring the project to the construction phase, planned to start in 2019.
Mainstream Puts Neart na Gaoithe on Fast Track
Following the ruling of the Inner House of the Court of Session, Mainstream Renewable Power plans to speed up the development of its Neart Na Gaoithe offshore wind farm to bring the project to the construction phase, planned to start in 2019.
Pieridae, Pétrolia to create first Canadian integrated LNG company
Canadian LNG project developer Pieridae Energy has agreed to acquire Pétrolia in a reverse takeover, creating a new publicly traded company Pieridae Energy Limited, to be known as Amalco.