Houston-based oil and gas company Vaalco Energy received notification on August 9, 2016, from the New York Stock Exchange (NYSE) that the price of the company’s common stock has fallen below the NYSE’s continued listing standard. The NYSE requires that the average closing price of a listed company’s
Platform supply vessel MMA Plover was officially named at a ceremony held on Sunday in Australia. The vessel is the first of two custom-built platform supply vessels which will support the giant gas field development offshore Australia – the Ichthys. According to Inpex, the Japanese company operatio
KrisEnergy, an exploration and production company focused on operations in Asia, increased its production in the second quarter of 2016 to 16.611 boepd. This is an increase of 119 pct when compared to the same period of 2015, boosted by the contribution from Nong Yao and Wassana oil fields in the Gu
Cargo container volumes at two Californian ports, the Port of Long Beach and the Port of Los Angeles, decreased in July, compared to the same month last year. Volumes at the Port of Long Beach were down 7.7 percent in July, compared to the same month in 2015, when the port handled a record amount of
In mid-May 2016, Arklow Valiant left the harbour of Delfzijl, in The Netherlands, for her sea trials. In that same week, immediately after successful completion of the sea trials, she was handed over to her new owners, Arklow Shipping. Only seven weeks prior to the handover, on Friday the first of A
Austrian crane specialist Palfinger Marine has decided not to complete the planned acquisition of the Norwegian cranes and offshore access systems provider TTS Group. The pair announced in June this year that Palfinger would offer NOK 5.60 in cash for one TTS share in the event of a positive due dil
Australian LNG operator Santos on Monday said it is writing down the value of its GLNG project in Queensland due to low oil and gas prices. Santos expects to recognise an impairment charge against the carrying value for its GLNG project of about US$1.05 billion after tax ($1.5 billion before tax) in
Russia’s Rosneft on Monday said its second-quarter net profit dropped by 33.6 percent as compared to the corresponding period a year ago. Rosneft’s net income fell to 89 billion roubles ($1.38 billion) from 134 billion rubles a year earlier due to lower oil prices. Revenue declined by 6.1 percent to
Petrofac, the international oil and gas facilities service provider, on Monday informed its CFO Tim Weller will leave the company to take up the role of chief financial officer of G4S, the integrated security group.
Parker Bestobell Marine received a new order from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea to supply cryogenic valves for three new vessels.
Worldwide natural gas production is expected to increase from 342 billion cubic feet per day in 2015 to 554 Bcf/d by 2040 according to the U.S. Energy Information Administration.
DONG Energy Bins AMEP Offshore Wind Hub Project DONG Energy has decided not to invest in a GBP 450 million offshore wind hub at the Able Marine Energy Park (AMEP) in the Humber after a recent report showed that UK east coast ports have the capability to support the pipeline of offshore wind projects
Popular news, August 8 – 14, 2016
Report: ExxonMobil buys stake in Eni’s Mozambique LNG development Italian oil and gas company Eni has reportedly sold a multi-billion dollar stake in its planned Mozambique LNG development to U.S.-based energy giant ExxonMobil. Sempra: FID on Cameron LNG expansion project could be postponed San Dieg
