Report: investment company plans 20 LNG carriers order at South Korean shipyards An order for 20 liquefied natural gas carriers could be placed at South Korean shipyards from CBI Energy and Chemical, an investment company controlled by Australian and Canadian investors. Video: FSU Armada LNG Mediter
Swiber Holdings, a debt-burdened offshore oilfield services provider, is looking to take part in Vallianz Holdings’ right issue, despite being placed under judicial management. The move has made Vallianz postpone its Extraordinary General Meeting which was expected to be held October 17, where a dec
In a low barrel price environment, everyone is looking at ways to reduce costs. This session looks at best practices in both reducing costs and adding value, focusing on how collaboration up and down the value chain can lead to innovation in technology, processes and business models. The session wil
Norwegian ship designer and shipbuilder Ulstein has shared a photo of the second wind farm service operation vessel (SOV) built for Bernhard Schulte Offshore and chartered out to Siemens Wind Power Service as the vessel is getting ready to be launched. Ulstein did not reveal the exact date of the la
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South Korea’s Kogas, the world’s second-largest buyer of LNG, said its sales volume dropped 0.1 percent in September as compared to the corresponding month a year ago. Kogas sold 1.97 million mt of LNG in September, it said in a filing to the stock exchange on Friday. Sales into the power sector wer
After years of delays and tens of billions U.S. dollars invested, Kashagan, a giant offshore oil field in the Caspian Sea, has shipped the first batch of oil. The field, located in the Kazakh sector of the Caspian Sea, discovered in 2000, has been reopened this month after the replacement of offshor
Dutch shipbuilder and maritime equipment supplier, Royal IHC on Friday said it plans to cut about 425 jobs and lay off its COO, as the company is “fine-tuning” its strategy in “poor market conditions.” IHC said a statement it is increasingly outsourcing production activities in order to remain disti
Nigeria LNG Train 7 project could be at risk if the state lawmakers amend the 1989 law that enabled the creation of the NLNG partnership.
As a direct consequence of persistently poor market conditions, Royal IHC, a supplier of maritime equipment, has decided to reduce its workforce by 425 positions and lay off its COO. Royal IHC said on Friday it is increasingly outsourcing production activities in order to remain distinctive and cost
US Port of Los Angeles recorded an increase of 2.4 percent in its September container throughput, handling 747,707 TEUs against 730,306 TEUs during the same month in 2015. The port’s exports were particularly strong, with an increase of 16.7 percent. Exports stood at 145,096 TEUs in September 2016,
Eni informed that the naming ceremony of the “Armada Olombendo” floating production, storage and offloading (FPSO) vessel was held in Singapore on Friday. The FPSO will operate in Block 15/06, offshore Angola, for the East Hub Development Project. The vessel will soon be ready to sail to its final d
South Korea’s Kogas, the world’s second-largest buyer of LNG, has reportedly issued a tender to buy up to four liquefied natural gas cargoes.
Natural gas spot prices in the United States increased almost everywhere in the week ending October 12 with the Henry Hub price rising 31¢ from last Wednesday, according to the weekly report by the Energy Information Administration. “Despite the high levels of natural gas storage stocks, prices seem
