Prices of liquefied natural gas prices are expected to remain weak until the end of the decade, however, Canadian LNG projects could find their place on the market in the long term.
Pieridae Energy, the developer of the Goldboro LNG project, reached tentative project labor agreements with Nova Scotia trades and construction union for the proposed project.
Tokyo Gas’ unit Tokyo Gas America acquired a 25 percent interest in a 635 MW Empire natural gas power plant, through a joint venture company TTK Power.
Singapore-based Kreuz Subsea, a provider of integrated offshore subsea services, shared a video of its new diving support vessel (DSV), the Kreuz Challenger, starting its voyage from the construction yard in Tulcea, Romania to Vard’s shipyard in Søviknes, Norway. The vessel is scheduled for delivery
A fleet of ten marine robots has completed two-week mission off northwest Scotland. The mission comprised the largest simultaneous deployment of marine robots in UK waters, with seven submarine gliders and three surface Wave Gliders operating in waters around the Outer Hebrides, National Oceanograph
India will reportedly be importing over 50 million tons a year in the future, more than doubling its current import capacity.
Norwegian vessel owner Eidesvik and French seismic player CGG have agreed to terminate the contract for Viking Vision seismic vessel. The contract termination has an immediate effect despite its due term at end July 2017. Nevertheless, the Oslo-listed Eidesvik confirmed that payment of the charter r
Norwegian offshore vessel provider Eidesvik Offshore and French geophysical company CGG have agreed to terminate with immediate effect the contract for the seismic vessel Viking Vision. According to Eidesvik’s statement on Thursday, the contract was due to expire at the end of July 2017. The shippin
CGG has won a contract from Instituto Nacional de Petroleo (INP) to acquire seismic data offshore Mozambique.
U.S. oil giant Chevron is looking to divest its assets in Bangladesh, aiming to fulfill its assets sales program set at between $5 and $10 billion in 2016 and 2017. Earlier this year, as part of its previously announced divestment plans, Chevron sold 19 fields in the U.S. Gulf of Mexico to Cox Oil f
Fukushima Gas Power project’s founding shareholders reached a decision to start the construction of a natural gas-fired power plant at Soma Port in Shinchi Town and approved the participation of three new project partners.
EnQuest, an oil company working to develop the Kraken oilfield in the UK North Sea, has managed to further cut the project costs. It has also reached a deal with creditors over debt restructuring. The company has already reduced the Kraken costs estimates several times. In a statement on Thursday, E
Chevron could reportedly start selling condensate produced at the Gorgon gas field located some 65 kilometers off the west coast of Barrow Island in Australia.
Driftwood LNG filed an application with the U.S. Department of Energy for authorization to export up to 26 mtpa of liquefied natural gas from its proposed facility in Louisiana.
