Perth-based LNG Limited on Thursday said its Magnolia LNG project has been granted authorization by the U.S. Department of Energy to export liquefied natural gas to non-FTA countries.
Oil prices shot up 13 percent, smashing trading volume records, after OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned they could remain modest by historical comparison as other producers fill the gap.
Rolls-Royce said on Thursday that around 800 workers will be laid off as the company continues the transformation of its Marine business.
Offshore oil exploration company Hyperdynamics has signed a definitive drilling services contract with Pacific Drilling to engage the Pacific Bora drillship. The company will use the drillship for a drilling campaign offshore the Republic of Guinea, starting in the second calendar quarter of 2017. “
Iveco, Maganetti and Levissima-Sanpellegrino opened the sixth LNG station in Italy in Gera Lario (Como).
Norwegian offshore safety agency the Petroleum Safety Authority (PSA) has found several irregularities during its audit of Statoil’s preparation to use the Oseberg H platform that will be set in the North Sea. The Oseberg Vestflanken 2 is under development, with scheduled production start in 2018. T
With the official opening of Siemens blade factory in Hull set to take place today, DONG Energy informed that the first blades manufactured at the factory will be used at its Race Bank offshore wind farm. Brent Cheshire, DONG Energy’s UK Country Chairman, said: “DONG Energy is absolutely committed t
With the official opening of Siemens blade factory in Hull set to take place today, DONG Energy informed that the first blades manufactured at the factory will be used at its Race Bank offshore wind farm. Brent Cheshire, DONG Energy’s UK Country Chairman, said: “DONG Energy is absolutely committed t
The New York State Energy Research and Development Authority (NYSERDA) has submitted documents and bid deposit for the federal auction of an offshore wind site off New York, scheduled to open on 15 December. The organisation has filed qualifications and bidder’s financial forms to the U.S. Departmen
On November 25, 2016, the European Council extended Operation Atalanta’s mandate to deter, disrupt and repress acts of piracy off the coast of Somalia, until December 31, 2018. The two-year mandate extension comes amidst concerns within European Union Member States that whilst pirate attacks on merc
Three people were killed and another was seriously injured by toxic fumes during maintenance works on board the roll-on/roll-off passenger (RoPax) ship Sansovino which was moored at the Port of Messina, Italy, on November 29, 2016. Six men were cleaning a tank on board the 1989-built vessel owned by
Bermuda-based LNG shipper, Golar LNG on Wednesday reported a third-quarter operating loss of $28.3 million, as compared to a loss of $37.2 million in the quarter before. Golar LNG said that both shipping rates and utilization improved during the quarter with utilization increasing from 31 percent in
By Ahmad Ghaddar, Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept “a big hit” on production and agree to arch-rival Iran freezing output at pre-sanctions levels.
OPEC has reportedly reached an agreement on oil production cut during its meeting in Vienna on Wednesday. While there is no official confirmation as of yet, Reuters has informed, citing unnamed source that OPEC members have agreed to implement the output cuts they’d agreed on in Algiers in September
