ExxonMobil PNG, a unit of the US-based energy giant and operator of the Papua New Guinea LNG joint venture, said Thursday it has added 2.3 trillion cubic feet (Tcf) to the existing LNG project fields’ resource base. The resource addition follows an independent review by Netherland Sewell Associates.
Although the liquefied petroleum gas (LPG) shipping trade is expected to continue growing on the back of strong Asian demand, the rates could fall further in 2017 due to continued oversupply, according to shipping consultancy Drewry. 2017 is expected to be no different from 2016, when LPG shipping r
An impairment charge of A$1.9 billion deepened Australia’s Origin Energy’s losses to A$1.68 billion (Approx: US$1.3 billion) for the half-year 2017, down from A$254 million in the corresponding period a year before.
Although the bulk carrier markets began 2017 in reasonably robust form, Maritime Strategies International (MSI) has forecast weak forward prospects for the dry bulk sector due to a combination of volatile trade conditions and political policy. Future earnings in the bulker market will partly be infl
Brazilian state-owned oil giant Petrobras has set two new records with oil production at the pre-salt layer. The company’s total oil and natural gas production in January was 2.86 million barrels of oil equivalent per day (boed), of which 2.74 million boed were produced in Brazil and 0.12 million bo
The Norwegian offshore oil and gas safety body PSA Norway has issued a notification of order to Statoil following a poisonous gas leak at the Sture terminal on October 12, 2016. Five persons were exposed the poisonous hydrogen sulphide (H2S) gas, in an accident that could have been fatal. According
Construction on Novatek’s giant Yamal liquefied natural gas (LNG ) project in Russia is moving forward with the project’s plant around 88 percent complete, according to Russian Energy Minister Alexander Novak. “Overall, the project is more than 75 percent complete now and the first stage [the liquef
Eight Iranian seafarers have been released by Somali pirates after being held in captivity since May 2016, according to Tehran Times. The released was reportedly a result of negotiations held between Senegal’s embassy in Somalia and the pirates. An Iranian Member of Parliament, Ali Yar Mohammadi, wa
Oil and gas exploration company Chariot Oil & Gas has been awarded interest and operatorship of the Kenitra offshore exploration permit in Morocco and started a seismic campaign covering Mohammedia and Kenitra permits. Chariot said on Thursday that its wholly owned subsidiary, Chariot Oil & Gas Inve
The Canadian province of British Columbia reached multiple agreements with the Lax Kw’alaams Band and the Metlakatla First Nation securing economic benefits from the proposed Pacific NorthWest LNG project.
Spanish LNG terminal operator Enagás agreed with Jovellanos Centre of the Spanish Maritime Safety Agency to create an international LNG school.
Brazil’s state-owned energy giant Petrobras said its oil and gas production in January reached 2.86 million barrels of oil equivalent per day (boed).
Tritech International has deployed its first full-beach shark detection system in collaboration with Shark Mitigation Systems (SMS). The clever buoy system is currently active at City Beach in Perth, Australia, the company said. Each clever buoy is solar powered and utilizes a PC running the jointly
The Government of Canada has settled the pending lawsuits filed by the Seafarers’ International Union of Canada (SIUC) alleging systematic breaches of the Temporary Foreign Worker Program (TFWP). The SIUC filed 42 lawsuits in 2015 saying that, instead of providing Canadian seafarers with the opportu
