OPEC Secretary General, Mohammad Sanusi Barkindo, met with Iran’s Minister of Petroleum, Bijan Namdar Zanganeh, during a closed-door session on November 19 in Tehran. The visit comes ahead of the much-awaited OPEC meeting in Vienna on November 30, where OPEC members will decide whether to cut oil pr
Australian energy company Karoon Gas has hit an obstacle in its efforts to buy stakes in two fields offshore Brazil from the state-owned oil giant Petrobras as the latter was ordered by the court to stop the sale process. Petrobras revealed back in October this year it was in talks with the Australi
Japan, the world’s largest LNG consumer, raised its imports in October by 3.7 percent year-on-year. The East Asian island country imported 6.28 million mt of LNG in October, as compared to 6.06 million mt last year, according to the provisional data released by Japan’s Ministry of Finance. The data
Operational and performance tests, part of the Dunkirk LNG commissioning, are 60 and 30 percent complete, respectively.
By Markel International Specialist insurer Markel International is now offering insurance cover specifically designed for the diverse and constantly evolving marine equipment market. Andy Lane and David Stallard, who have recently joined the company with a combined 45 years of experience, have produ
India’s imports of liquefied natural gas (LNG) increased 18.6 percent in October as compared to the same month a year ago, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). The country imported 2,262 million metric standard cubic metres (mmscm) of LNG in October,
The outgoing Obama Administration has removed the Arctic from the proposed 2017-2022 offshore oil and gas lease sale program. Presenting the plan on Friday, Department of Interior’s secretary, Sally Jewell, said there would be no lease sales in the Beaufort and Chukchi Seas, offshore Alaska. During
Russia’s largest shipping company Sovcomflot posted a 36.2 percent drop in its third-quarter net profit in a”challenging” tanker market. Sovcomflot reported a net income of US$52.1 million as compared to $81.6 million in the same period last year. “Despite the tanker market conditions being challeng
New York headquartered law firm Shearman & Sterling said it is serving as Golar Power’s advisor in connection with the development of Porto de Sergipe LNG-to-power project in Brazil.
Wärtsilä of Finland has been contracted to supply a 101-MW power generation plant to Pampa Energía in Argentina, featuring multi-fuel engines running on natural gas and heavy-fuel oil.
A steering group of offshore companies working together to explore opportunities to maximize remaining gas reserves in the Southern North Sea (SNS) has been appointed. According to UK’s Oil & Gas Authority (OGA), a mix of operators, duty holders, service businesses and supply chain organisations wil
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Novatek CEO: first Yamal LNG cargo on track Novatek’s giant Yamal project in Russia is on track to ship its first cargo of LNG by the end of next year with the project’s plant around 85 percent complete, according to Novatek’s CEO Leonid Mikhelson. EAGC: will we see another Prelude FLNG? Hague-based
Hurricane Energy, a UK-based oil and gas company developing its Lancaster discovery off UK, has been awarded the Halifax P2308 license off the Shetland Isles by the Oil and Gas Authority in an out of round application. Hurricane said on Friday that the license extends northeast from the company’s ex
