Marine services provider MMA Offshore has informed that its two vessels MMA Prestige and MMA Pinnacle have been delivered and started their first scopes of work. The MMA Prestige and the MMA Pinnacle were launched at the company’s Batam shipyard in November 2015 and April 2016, respectively. Accordi
Energy World USA is aiming to build a mid-scale liquefied natural gas (LNG) production and export facility at Port Fourchon, LA. Energy World USA is part of the Energy World International group of companies that has a controlling interest in the Australian LNG terminal developer Energy World Corpora
By Henning Gloystein SINGAPORE (Reuters) – Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices. Brent crude futures <LCOc1>, the international benchmark for oil prices, wer
The Members of the European Parliament (MEPs) have voted to call for a ban on the use of heavy fuel oil (HFO), the dirtiest of all fuel types, by ships when operating in the Arctic. The decision by the European Parliament’s environment committee, which was backed by almost all of the political group
Woodlands-based Anadarko, the developer of the giant Mozambique LNG project, narrowed its loss in the fourth quarter of 2016 than a year ago, when it posted one-time charges of $954 million. Anadarko on Tuesday reported a net loss attributable to common stockholders of $515 million, or $0.94 per sha
The U.S. Senate Committee on Energy and Natural Resources on Tuesday voted and approved President Trump’s nominees for Secretary of the Interior, Rep. Ryan Zinke from Montana, and Secretary of Energy, former Texas Gov. Rick Perry, who will now head for a full senate vote. Zinke was reported favorabl
Despite a massive scrapping spree of classic Panamax containerships, the sector remains under pressure as up to one hundred further Panamaxes will need to be scrapped before the segment can regain its footing again, according to Alphaliner. A total of 130 Panamax units of 4,000 – 5,100 TEU were remo
Following reports that Sweden’s municipalities Karlshamn and Slite might not allow the use of their respective ports for pipe storage during the execution phase of the Nord Stream 2 project, Karlshamn has approved the use of its port. The Nord Stream 2 pipeline will carry natural gas through the Bal
Following the initial rejection of the logistics support by Sweden to Wassco for the Nord Stream 2 pipeline project, things have seemingly changed. To remind, reports in 2016 said that the authorities of the Swedish Region Gotland and the municipality Karlshamn had decided not to sign an agreement f
Eagle LNG Partners filed its formal application with the U.S. Federal Energy Regulatory Commission seeking a permit to site, construct and operate natural gas liquefaction and export facilities located at a site on the St. Johns River in Jacksonville, Florida.
Australian LNG player Santos submitted the State Significant Development Application and associated Environmental Impact Statement for its Narrabri gas project to the NSW Department of Planning and Environment.
India’s Mercator Limited has informed that the sale of the floating production unit (FPU) Virini Prem to Oriental Energy Resources has been delayed due to process reasons. The sale of the FPU Virini Prem was agreed on December 9, 2016, at which time Oriental agreed to pay $76 million for the FPU. Th
US-based energy giant and LNG player ExxonMobil said Tuesday its earnings dropped 40 percent in the fourth quarter of 2016 as compared to the year before. ExxonMobil’s earnings came in at $1.68 billion, or $0.41 per share, as compared to $2.78 billion, or $0.67 per share, in last year’s fourth quart
Swan Energy on Monday said that Indian Farmers Fertiliser Cooperatives (IFFCO) are looking to invest in its FSRU project being developed in Jafrabad, Gujarat.
