The average price of spot LNG for delivery into Japan that was contracted in November was at US$7 per mmBtu.
In today’s spotted we bring you an image of Dijksgracht, the largest vessel to call at the UK’s Port of Ipswich, heading under the Orwell Bridge. This general cargo vessel arrived at Ipswich with a shipment of 10,500 tons of rice from Texas, USA for the Ipswich Grain Terminal. The cargo was discharg
U.S. oil firm Anadarko has reportedly decided to give up some of its offshore blocks in New Zealand. The company will reportedly surrender two exploration permits in Pegasus Basin over an area of 7,085 square-kilometers off the Kaikoura and Wellington Coasts. New Zealand’s Green Party has welcomed t
AWE Limited, the operator of the Waitsia gas project in Western Australia production license L1/L2, informed that the preparations for the Stage 2 of the project are advancing.
The persistent oil price volatility is not a cyclical change, but rather a structural one. This is according to a survey conducted by Sea Asia 2017, where more than two-thirds of respondents said it wasn’t a cycle. The results of the survey come at a time when the maritime industry faces its toughes
STX France has started fabrication works for the offshore substation that will be installed at the Rentel offshore wind farm site in Belgium. The first steel cutting for the substation took place yesterday at STX France’s yard in Saint-Nazaire. Design of both the foundation and the topside has been
STX France has started fabrication works for the offshore substation that will be installed at the Rentel offshore wind farm site in Belgium. The first steel cutting for the substation took place yesterday at STX France’s yard in Saint-Nazaire. Design of both the foundation and the topside has been
Rosneft, Russia’s state-owned oil company, is selling a 19.5 percent stake in the company to a consortium comprising of Glencore and Qatar Investment Authority. According to Glencore, the consortium will pay some 10.2 billion euros for the deal. Russian government’s website, however, shows a price o
Eastern Australia could face natural gas shortages starting in 2018 as Queensland LNG exports move into full swing, the Australian Energy Market Operator said Thursday.
National Grid reported that UK onshore and offshore turbines have set a new record by generating 10,104MW of electricity for the first time between 2 and 2.30pm yesterday. The wind farms were thus providing 23% of Britain’s total electricity demand at that time. RenewableUK’s Executive Director Emma
Australian oil and gas company Santos is targeting a $1.5 billion debt reduction over the next three years through cost cuts and assets sale as part of a new business strategy that the company revealed on Thursday. Speaking at the company’s Investor Day in Sydney, Santos Managing Director and Chief
The Marshall Islands-flagged bulk carrier Anna Smile experienced an engine malfunction around the Kurucesme area while it was transiting the Bosphorus Strait, according to GAC. At the time of the malfunction, the 225-meter long bulker was on its northbound transit in the area with a pilot on board.
Iceni Marine is holding a naming ceremony for its new vessel, Iceni Defender, at Alicat Workboats’ facilities in Great Yarmouth, where also Iceni’s next vessel – Iceni Legend – is being built and is scheduled to be launched in March 2017. South Boats IOW and Alicat Workboats launched the Iceni Defen
The images show M/F Tycho Brahe, one of the two HH Ferries’ vessels that will be converted to emission-free ferries. Swiss-based power and automation technology group ABB will equip the two ferries, M/F Tycho Brahe and M/F Aurora, with 4.16 MW batteries providing further propulsion and Swedish Öresu
