A total of 51 vessels were sold for demolition during October 2016, with the majority of them destined for the Indian subcontinent, VesselsValue data shows. India was the favorite destination for demolition sales, with Bangladesh as the second country where most of the ships were delivered. Bulkers,
South Korean Kogas reported a steep drop in net income and operating profit for the first nine months of 2016.
Maritime Craft Services reported that the latest addition to its fleet, MCS SWATH 1, has outperformed all other crew transfer vessels (CTVs) at the wind farm they are working on, which the company left unnamed. According to the vessel’s AIS, MCS SWATH 1 is currently deployed at the Gode Wind offshor
India’s Minister of Shipping, Road Transport and Highways, Nitin Gadkari, has released a report on modernization of port systems calling for use of information technology (IT) to improve the efficiency of the country’s ports. The minister said that India’s port authorities need to take more active r
South Korea’s Kogas, the world’s second-largest buyer of LNG, said its sales volume rose 1o percent in October as compared to the corresponding month a year ago. Kogas sold 2.43 million mt of LNG in October, it said in a filing to the stock exchange on Thursday. Sales into the power sector were at 1
By Christopher Johnson LONDON (Reuters) – Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump’s surprise victory, although traders said that crude fundamentals remained weak. Trump’s election initially stunned
The average price of spot LNG for delivery into Japan that was contracted in October was at US$6.1 per mmBtu. This is an increase of 7 percent compared to September when the contract-based price of spot LNG reached $5.7/mmBtu, Japanese Ministry of Economy, Trade and Industry (METI) said in its month
French utility and LNG player Engie on Thursday said its nine-month revenues dropped 11.1% year-on-year to 47.5 billion euros. Engie attributed the drop mainly to lower commodity prices which impacted exploration and production, retail businesses, gas and LNG activities and power generation business
Schiedam-based Mammoet said the longest module for the Yamal LNG liquefaction project has been set on its foundation at the begining of the month.
Ophir Energy and OneLNG, a joint venture between Golar LNG and Schlumberger, signed a shareholders agreement to establish a joint operating company to develop the Fortuna FLNG project off Equatorial Guinea.
Trinidad and Tobago’s sole LNG producing company, Atlantic LNG expects 2017 to be the worst year yet in terms of production due to ongoing gas supply shortages in the country. LNG production at Atlantic’s 14.8 mtpa facility in Point Fortin has been declining for almost two years due to the shortages
Cheniere’s Sabine Pass liquefaction project has been authorized to introduce feed gas and refrigerants into Train 3 and stage 2 OSBL facilities for commissioning.
Canadian offshore oil & gas regulator, the Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB), has announced the results of its 2016 call for bids for acreage in the off Eastern Newfoundland region and Jeanne d’Arc basin. The oil major BP came out as the biggest winner scooping acre
Former CEO of Cheniere and now the CEO of new LNG player Tellurian Investments, Charif Souki expects the newly elected US president Donald Trump not to get in the way of business.
