News
BC Ferries’ third LNG-fueled vessel departs Poland
BC Ferries’ Salish Raven, the third and final Salish Class LNG-fueled vessel, is on its way from Remontowa Shipbuilding’s Gdansk, Poland, shipyard to British Columbia.
Port of Veracruz to Get Five New Terminals
Five new port terminals at the Port of Veracruz in Mexico are planned to be constructed until 2018, according to Luxembourg’s Jan De Nul Group. These terminals will be able to handle up to 100 million tons of cargo per year, which is more than the annual tonnage handling of the largest ports in this
Trump seeks to open more areas for offshore drilling
U.S. President Donald J. Trump signed an executive order on offshore energy development on Friday which is looking to open more areas for offshore oil and gas exploration to secure American energy independence. The order aims to expand offshore oil and gas exploration and production in the Outer Con
Origin Energy names new BoD member
Origin Energy on Monday said Teresa Engelhard has joined the company’s board as an independent non-executive director.
KBR revenue climbs in Q1
Houston-based LNG engineer KBR posted a rise of 11 percent in its revenue in the first quarter of this year Consolidated revenue in the first quarter was $1.1 billion compared to $996 million in the first quarter of 2016. KBR’s net income in the quarter under review was $37 million or $0.26 per dilu
APLNG ramp-up boost Origin’s revenue
Australia’s Origin Energy reported a rise in revenue in the quarter ended March 31, 2017, on increased production and higher average realized price.
VIDEO: Aasta Hansteen spar sails away
Norwegian oil major Statoil has posted a video of the substructure of the world’s largest spar platform, Aasta Hansteen, being floated onto a heavy transport vessel before setting sail for Norway. Earlier this month, the substructure started its journey from Hyundai Heavy Industries in South Korea t
EnerMech wins Ichthys LNG plant commissioning job
JKC Australia LNG, the EPC contractor for the Inpex-led Ichthys LNG project’s onshore facilities, awarded the first commissioning subcontract to EnerMech.
Wood Group Changes Executive Leadership Team
Wood Group has announced changes to its executive leadership team. Andrew Stewart has been appointed chief executive officer (CEO) of the Asset Life Cycle Solutions (ALCS) business in the Western region and Michele McNichol has been appointed to the new role of executive president – integration, eff
Ports of Stockholm Set to Break Cruise Passenger Record
A record number of 650,000 passengers onboard 270 cruise ships is expected to visit Swedish Ports of Stockholm during 2017 cruise season. The forecast will result in 160,000 more guests and 40 more ships than in 2016 when the port welcomed a total of 490,000 passengers onboard 230 cruise vessels. Th
Drones halve the cost of inspection, Cyberhawk says
An analysis conducted by a North Sea operator has shown that unmanned aerial vehicle (UAV) inspections and surveys conducted by Cyberhawk Innovations are twenty times faster and half the cost of traditional inspection methods. According to Cyberhawk, the North Sea E&P company analyzed inspection dat
ExxonMobil’s profit more than doubles in Q1
US-based energy giant and LNG player ExxonMobil said Friday first-quarter profit more than doubled on higher oil and gas prices and cost cutting. Net income surged to $4.01 billion, or 95 cents per share, from $1.81 billion, or 43 cents per share, in the year-ago quarter. Capital and exploration exp
South Korea raises natural gas prices
South Korea, the world’s second-largest LNG importer, is to increase its domestic natural gas prices to reflect higher LNG import costs. The country will increase retail natural gas prices for households and industry by an average of 3.1 percent from May 1, the Ministry of Trade, Industry and Energy
UK’s Milford Haven port expects lower LNG volumes in 2017
Liquefied natural gas (LNG) throughput volumes in the UK’s Port of Milford Haven, home of the South Hook and the Dragon LNG terminal, dropped 26 percent in 2016 and the trend is continuing into this year. LNG volumes at the Port of Milford Haven, the largest port in Wales, were at 6,516,361 tonnes l