Italian oil and gas company Eni on Friday reported a second-quarter net loss, hurt by low oil and gas prices. Eni posted a net loss of 290 million euros ($322.2m) in the second quarter of this year, as compared to a net profit of 505 million euros the previous year. In the second quarter of 2016, [&
Evol LNG, an Australian provider of liquefied natural gas said it has been given approval by Freemantle Ports to bunker LNG to liquefied natural gas-powered marine vessels visiting the port.
U.S.-based energy giant ExxonMobil reported a second quarter 2016 earning of US$1.7 billion, a 59 percent plunge compared to the same quarter in 2015, due to lower oil and gas prices and weaker refining margins.
Houston-based LNG engineer KBR reported a net income of US$47 million during the second quarter, a 24.1 percent drop compared to the $62 million in the second quarter of 2015.
Perth-based Liquefied Natural Gas Limited on Friday informed its founder and former managing director and CEO, Maurice Brand, will step down as an executive director with the company effective August 1, 2016.
Wilson Sons Ultratug Offshore, a joint venture (JV) between the Brazilian shipbuilding company, Wilson Sons and Chilean services provider Ultramar, has taken delivery of the Damen platform supply vessel (PSV) 5000. Damen said on Friday that the vessel was built at the Wilson Sons shipyard in Guaruja
Over the past decade, stripper wells, known as marginal wells have on aggregate provided 11 to 15 percent of total U.S. oil and natural gas production, according to the U.S. Energy Information Agency.
Houston-based energy giant ConocoPhillips reported a second-quarter net loss of $1.1 billion, compared with a net loss of $179 million a year earlier. The world’s largest independent exploration and production company also slashed its capital guidance, again, to manage through the period of low oil
GasLog Partners, a master limited partnership formed by GasLog, on Thursday reported a US$17.4 profit on IFRS basis for the second quarter of this year, a 10 percent increase compared to the same period last year.
SeaState Aviation has conducted an inspection of the helideck on A2SEA’s jack-up vessel Sea Challenger, making sure it fulfills UK offshore helideck requirements before starting operations on the 402MW Dudgeon offshore wind farm for Statoil later this year. The scope of work comprised an inspection
SeaState Aviation has conducted an inspection of the helideck on A2SEA’s jack-up vessel Sea Challenger, making sure it fulfills UK offshore helideck requirements before starting operations on the 402MW Dudgeon offshore wind farm for Statoil later this year. The scope of work comprised an inspection
Oil giant Shell on Thursday announced a new exploration discovery in the deep water U.S. Gulf of Mexico. The initial estimated recoverable resources for the Fort Sumter well are more than 125 million barrels of oil equivalent (boe), the oil company said on Thursday. Shell also added that further app
Dutch shipbuilder Damen Shipyards has made a move in decommissioning market by announcing its latest vessel concept, the Damen Decommissioning Series. Damen said on Thursday that the design is based on an in-house research carried out at Damen by one of its undergraduate interns. The new vessels wil
Shipowners will need to order an additional 65 vessels by 2020 to meet LNG shipping demand as new supplies are coming on-stream, according to the shipping consultancy Drewry. Despite the current weakness in LNG shipping rates, Drewry “maintains its bullish long-term outlook” for LNG shipping and bel
