News
Singapore launches 1st standard for LNG bunkering
Singapore has launched its first bunkering standard for liquefied natural gas (LNG). The first Singapore Technical Reference (TR) 56 for LNG bunkering was launched on Friday by the Maritime and Port Authority of Singapore, SPRING Singapore and the Standards Development Organisation @ Singapore Chemi
Popular news, April 24 – 30, 2017
The most popular articles of the week.
Trio moves towards Guangzhou LNG terminal JV
Pacific Oil & Gas (PO&G) signed a letter of intent with Guangzhou Gas Group and Guangzhou Port for the development of the Guangzhou LNG peak-shaving terminal joint venture.
Top news of the week April 24-29
Höegh LNG takes delivery of seventh FSRU Norway-based floating LNG giant Höegh LNG took delivery of its seventh floating storage and regasification unit (FSRU) from Hyundai Heavy Industries. Ichthys LNG’s CPF sets sail for Australia, production start revised Ichthys Explorer, the central processing
Chevron swings to profit
US energy major Chevron, reported a $2.8 billion income during the first three months of 2017, compared with a loss of $725 million in 2016.
Oil rebounds from one-month low on hopes for output cut extension
By Karolin Schaps LONDON (Reuters) – Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output cuts. Optimism is rising about the prospect of a year-long productio
OPEC: Oil output cuts only two percent off target in March
The Joint Ministerial Monitoring Committee (JMMC) reported on Friday that OPEC and non-OPEC countries have continued their high level of conformity with their voluntary adjustments in production. JMMC’s statement was based on the report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for the mo
Celebrating 10 years Offshore Energy Exhibition and Conference
Did you know 2017 will hail the tenth edition of Offshore Energy? This milestone will be celebrated in the run up to OEEC 2017 as well as during the event itself. The very first Offshore Energy took place in 2008 in the Hague, before moving to Den Helder and finally settling in Amsterdam. Over the [
Ichthys LNG’s CPF sets sail for Australia, production start revised
Ichthys Explorer, the central processing facility (CPF) for the Inpex-led Ichthys LNG project sailed away from the Samsung Heavy Industries (SHI) yard in South Korea.
EIA: Henry Hub price down, Cheniere ships 3 Sabine Pass cargoes
Natural gas spot prices in the United States fell at most locations in the week ending April 26 with the Henry Hub price dropping 10¢ from last Wednesday. According to the weekly report by the Energy Information Administration released on Thursday, the Henry Hub spot price slid from $3.12/MMBtu last
Global oil discoveries dropped to record low in 2016, IEA says
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could continue this year. Oil discover
Trio forms Gulf of Mexico subsea alliance
Halliburton, one of the world’s largest oilfield service providers, has teamed up with two companies to form an alliance to provide Gulf of Mexico customers with integrated offshore well intervention packages. Halliburton said on Thursday that the alliance was formed with Trendsetter Engineering, a
BW Catcher FPSO Named at Keppel Shipyard
Keppel Offshore & Marine (Keppel O&M) has held a naming ceremony for the BW Offshore’s new floating production storage and offloading (FPSO) vessel, the BW Catcher. Upon its completion, BW Catcher will be on a 7-year fixed term and 18 years of options contract with Premier Oil and will be deployed t
GasLog Partners posts higher profit
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog reported a rise in profit for the first quarter of this year.