News
EIA: Cheniere ships four Sabine Pass LNG cargoes, Henry Hub down
Natural gas spot prices in the U.S. fell in most locations in the week ending April 12 with the Henry Hub price dropping 22¢ from last Wednesday. The Henry Hub spot price dropped from $3.21/MMBtu last Wednesday to $2.99/MMBtu two days ago, according to the weekly report by the Energy Information Adm
Husky Energy expands South China Sea portfolio
Chinese oil company CNOOC has signed a production sharing contract with Canada’s Husky Energy for a block in the South China Sea. The Block 16/25 is located in the Pearl River Mouth Basin about 150 kilometers southeast of the Hong Kong Special Administrative Region. The block covers a total area of
Petrobras’ oil and gas production declines in March
Brazil’s state-owned energy giant Petrobras reported a 2.8 percent drop in oil and natural gas production to 2.74 million barrels of oil equivalent per day in March, from 2.82 million boed in February.
Euronav’s Tanker Runs Aground, Crew Safe
Euronav’s crude oil tanker M/T Alex ran aground on Wednesday, April 12th on a soft mud bottom while sailing between Borneo and Sumatra on its way to Ningbo, China. According to the ship’s managers, Euronav Ship Management, the 299,446 DWT vessel was laden when it got grounded. “No injuries or pollut
BP’s onshore compression project in Trinidad and Tobago starts up
UK-based energy giant and LNG player BP said its Trinidad and Tobago unit started up the Trinidad onshore compression (TROC) project providing additional volumes for Atlantic LNG plant.
Prysmian to Produce 33kV, 66kV Subsea Cable Cores in Wrexham
Prysmian has enabled its UK production facility in Wrexham, UK, to manufacture both 33 kV and 66 kV submarine cable cores used for the inter-array cable connections in offshore wind farms.
Prysmian to Produce 33kV, 66kV Subsea Cable Cores in Wrexham
Prysmian has enabled its UK production facility in Wrexham, UK, to manufacture both 33 kV and 66 kV submarine cable cores used for the inter-array cable connections in offshore wind farms.
Dominion requests permit to export Cove Point LNG commissioning cargoes
Dominion requested permission to export commissioning cargoes from its Cove Point liquefaction project being built at its existing LNG terminal in Calvert County, Maryland.
OEEC: Transformation through collaboration
Each year sees a topical focus presented during the Offshore Energy Exhibition & Conference. This year’s theme is ‘Transformation through collaboration’ which will focus on the transformation happening both in oil, gas and in renewables as a consequence of a lower for longer price environment. Both
Australia raises LNG export forecast
The Australian government has raised its forecast for LNG exports for fiscal 2016-2017 to 53.1 million mt, according to the latest quarterly report by the Department of Industry, Innovation and Science. In its previous report named Resources and Energy Quarterly, the department said that Australia’s
BP starts up Trinidad compression project ahead of Juniper
BP Trinidad and Tobago has announced the start-up of the Trinidad Onshore Compression (TROC) project – one of seven upstream projects the British oil giant plans to bring online in 2017. Full start-up will take place over the next few months. When fully on stream, the onshore compression facility wi
Report: low demand pushes Asian spot LNG prices down
Spot LNG prices in Asia have been pushed down to US$5.40 per mmBtu over the week as the demand for May cargoes declined.
Swissco selling anchor handler to reduce debt. Seeks to avoid shareholder vote
Singapore’s debt-laden offshore vessel owner Swissco is set to sell its anchor handling vessel the Coral Knight. The company, currently managed by Interim Judicial Managers, said on Thursday it had agreed to sell the vessel to Australian Maritime Systems Asset holdings. The vessel, built in 2014, is
KBR scores Chevron contract
Houston-based LNG engineer KBR has signed a deal with Chevron to provide services for the energy giant in multiple global locations. Under the ten-year master contract, KBR’s engineering offices in various global locations could provide Chevron with engineering and procurement services across all ph