Clean Energy Fuels, one of the largest providers of natural gas fuel for transportation in North America, posted a rise in its second-quarter earnings on the back of higher fuel deliveries. The California-based company reported a $1.5 million profit during the period in review compared to a $30 mill
US Port of Virginia plans to extend its gate hours at Virginia International Gateway (VIG) from August 15 until the week ending November 4, 2016, due to the increased seasonal cargo volumes expected to arrive over the next few months. Gate hours at VIG will be extended on Monday and Tuesday each wee
The infographic below, released by VesselsValue, shows the change in ship ordering, selling and scrapping activities in the first half of this year, when compared to the same period in 2015. The findings showed that there was a 52 percent reduction in spending on second hand vessels. In 2015, a tota
The average price of spot LNG cargoes delivered into Japan in July rose 33 percent from June, according to the data from the Ministry of Economy, Trade and Industry (METI). The average price of LNG cargoes delivered into Japan in July reached $6 per mmBtu on DES basis, as compared to $4.5 per mmBtu
The Government of Sarawak, one of two Malaysian states on the island of Borneo, has introduced a moratorium on all new applications for Petronas positions in the state. However, if an applicant is a Sarawakian, the moratorium does not apply, The Borneo Post has informed. The newspaper has quoted the
Houston-based LNG export player Cheniere posted a wider net loss in the second quarter of this year as compared to the same period a year ago. Cheniere reported a net loss of $298.4 million, or $1.31 per share , for the second quarter, compared to a net loss of $118.5 million, or $0.52 per share, fo
Production at the ExxonMobil-operated US$19 billion PNG LNG project is reportedly not affected as landowners are protesting over royalty disagreements. Landowners are protesting over unpaid royalties from the giant LNG project which they claim they did not receive from the government of Papua New Gu
By Alex Lawler LONDON (Reuters) – Oil fell below $45 a barrel on Tuesday after rallying to a two-week high the previous day, as concern about a supply glut outweighed hopes of producer action to prop up prices. In the latest sign of ample supplies, market intelligence firm Genscape reported a rise o
Allseas’ dynamically positioned single-lift installation/decommissioning and pipelay vessel, the Pioneering Spirit, installed the 5500 t test platform topsides on the substructure in the K-13 field in the North Sea on Sunday, August 7. This follows recent completion of commissioning of the topsides
The Crown Estate has appointed Robin Budenberg as its Chairman with immediate effect, following the retirement of Sir Stuart Hampson. Budenberg is currently London Chairman of Centerview Partners and a Non-Executive Director for Charity Bank Ltd and the Big Society Trust. He is the former Chairman a
During the Offshore Energy Exhibition & Conference (OEEC) you can meet companies and find out more on the latest innovations on the exhibition floor, but you can also attend our extensive conference program. With subjects ranging from LNG and Iran to marine energy and offshore wind, it caters to all
Following a recent opening of its US office and multiple tender wins within the wind industry, GEV Group, which comprises four subdivisions (GEV Wind Power, GEV Offshore, Oxifree UK and Subsea Masters), has launched a bespoke 1st4Safety initiative. Since the company’s inception in 2008, GEV Group ha
Ports in Japan and China top the list of ten ports in the world with the highest catastrophe risk, according to analysis released by California-based catastrophe risk management firm RMS. According to the analysis, the port of Nagoya in Japan could cause a USD 2.3 billion cost to insurers from a 1-i
Norwegian energy giant Statoil said it will be drilling a new production well on the Snøhvit (Snow White) gas field offshore Hammerfest in order to maintain the high production and capacity utilisation at the LNG plant on Melkøya island. The Songa Enabler drilling rig has already started drilling a
