Alberta’s energy regulator has blocked a deal between Canada’s Pieridae Energy, the developer of the Goldboro LNG export project, and Shell’s Canadian unit citing clean-up concerns. Pieridae closed a deal worth C$190 million ($134.9m) in October last year to buy Shell’s midstream and upstream gas as
In order to mitigate the effects of coronavirus crisis and low oil prices, oilfield services provider Petrofac is taking further action to reduce costs and preserve balance sheet.
Oil and gas company Wintershall Dea has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for production drilling on the Vega field using the West Mira drilling rig.
German shipping major Hapag-Lloyd felt a negative impact of higher bunker prices in the first quarter of this year as it reported lower earnings.
A multi-user, planned transmission system to harness wind power off New England’s coast could result in onshore electric grid cost savings of over $ 1 billion and significantly reduce environmental impacts, a report prepared for transmission developer Anbaric shows. The report, Offshore Transmission
The Export-Import Bank of the United States said Thursday it has amended its previously approved loan for the Total-led $20 billion Mozambique liquefied natural gas export project. The bank approved a loan for up to $5 billion in September last year to support the export of U.S. goods and services r
Upstream Production Solutions has been awarded a contract to provide operations and maintenance to the Northern Endeavour FPSO and associated infrastructure located offshore Australia.
Italian oil major Eni has chosen Claudio Descalzi to be its chief executive officer (CEO) for the third time. The company has also named its new chairwoman and members of board committees.
Pipeshield has strengthened its Baltic Sea operations by establishing a supply base at Mukran Port on the Island of Rügen. The decision follows delivery of several projects from Mukran Port over the last 18 months. Tekmar’s subsea asset protection specialist will utilise the ports transport connecti
The United States exported less liquefied natural gas cargoes in the week ending May 13 when compared to the week before, according to the Energy Information Administration. The agency said in its weekly gas natural gas report that five US terminals dispatched eleven LNG shipments between May 7 and
Russia’s largest shipping company Sovcomflot logged an almost 66 per cent rise in quarterly net profit on the back of a strong performance of its conventional fleet. Sovcomflot reported a net profit of $116.1 million in the first quarter this year compared to $70.1 million a year ago. Revenue increa
Hydrogen has surged up the priority list of many oil and gas organizations, taking a primary position in the sector’s decarbonization efforts, according to a new report by DNV GL.
The Marine Energy Wales Conference has a new scheduled date for January 2021 in North Wales. The annual event will now take place in Venue Cymru, Llandudno over two days: 27 -28 January 2021. The largest marine energy event in the UK will showcase Welsh industry in the wave, tidal and floating offsh
Seadrill has been hit by early termination of a drilling contract for a drillship operating in Southeast Asia.
