Chevron’s US$54 billion Gorgon LNG project in Western Australia, one of the largest natural gas projects in the world, is expected to ship soon its third ever cargo of LNG from the giant facility located on Barrow Island. The 171,800-cbm LNG newbuild Beidou Star, owned by Japanese shipping giant MOL
Norwegian energy giant and LNG operator Statoil posted a near 70 percent drop in its adjusted operating profit in the second quarter due to low oil and gas prices. Statoil’s adjusted operating profit stood at $913 million in the second quarter as compared to $2.9 billion a year ago. Net operating in
UK’s Oil and Gas Authority (OGA) has launched the 29th Offshore Licensing Round with more than 1200 blocks on offer to support its objective of maximizing economic recovery (MER) of the UK Continental Shelf (UKCS). OGA said on Wednesday that companies can now apply for new licenses to drill for offs
Novatek of Russia on Wednesday informed its profit for the second quarter and the first half of 2016 jumped 9.6 percent and 121.7 percent, respectively, compared to the same period in 2015.
International Labour Organization (ILO) member states have confirmed the amendments to the Maritime Labour Convention ensuring better protection to seafarers and their families in case of abandonment, death, and long-term disability. The Amendments to the Code of the Maritime Labour Convention (MLC,
Woodlands-based Anadarko posted better-than-expected results for the second quarter of this year as the company reduced costs amid low oil and gas prices. Anadarko reported a net loss of $692 million, or $1.36 per share, in the second quarter, compared with a profit of $61 million, or 12 cents per s
Heavy transportation and lifting contractor ALE loaded-out the first of two 3,000-tonne jackets built for the Wikinger offshore substations, in Cadiz, Spain, last week. The jacket was built by Navantia shipyard in Puerto Real for Iberdrola’s 350MW Wikinger offshore wind farm currently under construc
Peru’s only natural gas liquefaction and export facility at Pampa Melchorita shipped a cargo to China.
Spanish LNG operator Gas Natural Fenosa reported a lower net profit of 645 million euros ($709m) in the first half of this year when compared to the same period a year ago. The company’s net profit was 6.5% less in “like-for-like terms, i.e., disregarding the effect of currency depreciation and the
Cyprus received expressions of interest from ENI, Total, Statoil, Exxon Mobil, Qatar Petroleum, and Cairn in a licensing round for offshore hydrocarbon blocks which lapsed last week, its energy ministry said on Wednesday.
Two of Vroon’s newbuild platform supply vessels (PSVs) have left Fujian Southeast Shipyard in China at the start of their maiden voyages. Vroon said on Tuesday that new PSVs, the VOS Princess and VOS Principle, left the shipyard on July 16 and July 23. The Khiam Chuan Marine (KCM) design, 80m platfo
Maersk Oil has celebrated the steel cutting for the Culzean’s floating storage and offloading (FSO) vessel in Singapore. Singapore’s Sembcorp Marine is building the FSO in conjunction with Japanese’ Modec, tasked to supply the internal turret and topside modules The completion of the FSO is expected
During the first half of 2016, some USD 28.4 billion worth of vessels have been delivered to their respective owners, while over USD 43.8 billion worth of ships is left on the orderbook to be delivered by year’s end, according to data provided by VesselsValue. So far this year, a grand total of 905
A research partnership between the Government of India, the Government of Japan, and U.S. scientists has resulted in a discovery of ‘large deposits of potentially producible gas hydrate’ in the Indian Ocean. The international team of scientists was led by the Oil and Natural Gas Corporation (ONGC) o
