Egypt’s Damietta Port recorded an increase in its total cargo volumes by 22 percent in the first half of 2016, compared with the same period last year. Volumes of handled cargo reached 16.5 million tons in the first half of the year, compared to 13.5 million tons during the same period in 2015. Furt
Gazprom Export, the exporting arm of Russian gas giant Gazprom may build small-scale LNG plants in the country’s remote Far East for exports to the world’s largest energy consumer, China. Gazprom Export, which has already established its presence in the European small-scale LNG market and has been e
French gas and oil giant Total reported on Thursday a drop of 30% in its adjusted net income in the second quarter of this year. Total’s adjusted net profit stood at $2.2 billion, as compared to $3.1 billion in the same quarter a year before, Total said in a statement. “Although still volatile, the
The first nine of eighteen nacelles built by Senvion for the 111MW Nordergründe offshore wind farm have arrived at the south end of the Bremerhaven Container Terminal, Eurogate, the operator of the terminal, reports. Weighing 340 tonnes each, the nacelles were transported from the Senvion factory in
Lake Charles LNG project in Louisiana in which Shell has a 100 percent capacity interest has been delayed, the LNG giant informed in its recent financial report.
A new regulation requiring the gross mass of a container to be verified before it is loaded onto a ship, which entered into force on July 1, will assist in ensuring that the millions of containers carried on ships each year are optimally stowed, thereby helping to prevent container stacks collapsing
Hague-based LNG giant Shell posted on Thursday its second-quarter results revealing a sharp decline in its net income on low oil, gas and LNG prices. Shell’s second quarter earnings on a current cost of supplies (CCS) basis plunged 93 percent to just $239 million. The company’s adjusted earnings, ex
Paris-based LNG engineer Technip on Thursday posted a 9.2 percent lower second-quarter revenue due to the oil and gas industry downturn.
Connect LNG headquartered in Oslo on Thursday said it has selected two representatives in Jakarta and Melbourne to cover the market in the two regions.
The LNG engineer Chicago Bridge & Iron on Wednesday reported a second quarter net income of US$123.8 million, 26.9 percent decrease compared to the $169.5 million in the corresponding quarter of 2015.
Venari Resources, a deepwater oil exploration and production company, has acquired an additional seven percent working interest in the Shenandoah field on Walker Ridge Blocks 51, 52 and 53, in the U.S. Gulf of Mexico. The company also reported successful results from the Shenandoah #5 appraisal well
The navigation through the Parana River, Argentina, was briefly obstructed as a Panama-flagged bulk carrier Amadeus ran aground in the area near the Campana Port in the early morning hours of July 26, according to Maritime Agency NABSA. At the time of the incident the 81,700 dwt vessel was heading u
By Karolin Schaps LONDON (Reuters) – Oil prices fell close to three-month lows on Wednesday after U.S. industry data showed weekly oil stocks declined by less than expected, feeding into concerns over persistent oversupply dragging down prices. Global benchmark Brent crude <LCOc1> was on track for t
Cyprus has received expressions of interest from Statoil, ExxonMobil, Eni, Qatar Petroleum, Cairn Energy and Total for offshore blocks offered in Cyprus’ third licensing round, the energy ministry said on Wednesday. The country’s third offshore licensing round for offshore exploration in blocks 6, 8
