The Japan Bank for International Cooperation recently said it signed an agreement to provide funds for the acquisition of a liquefied natural gas carrier on order at Imabari Shipbuilding.
Former InterOil CEO Phil Mulacek on Monday issued a comment on the recent ExxonMobil’s US$2.5 billion offer to acquire InterOil, claiming the shareholders will forego billions of dollars of value.
Send out tests at France’s fourth LNG import terminal in the port of Dunkirk (Dunkerque) have been stopped due to an incident which led to the evacuation of the terminal’s workers. “The Dunkirk LNG terminal, currently in test phase, was put into safe conditions this night, because of LNG presence in
Hundreds of oil workers employed by Wood Group on Shell’s platforms in the North Sea are participating in a strike action in a dispute over proposed cuts of up to 30 per cent on pay and allowances. The strike action follows a ban on overtime working that started on Monday morning. Over 400 members o
Energia Argentina S.A. (Enarsa) has reportedly acquired six cargoes for delivery to Bahia Blanca and Escobar LNG receiving terminals.
Switzerland-based MET International, the natural gas trading arm of MET Group, said it has completed its first liquefied natural gas (LNG) import transaction. MET International has purchased a cargo into Italy on a DES basis in mid-July to cover its downstream demand, according to the company’s stat
UK-based energy giant BP reported a 45 percent drop in its second-quarter profit due to lower oil and gas prices and refining margins. Profit for the second quarter was $720 million on an underlying replacement cost basis, compared with $1.3 billion for the second quarter of 2015, BP said in a state
The construction of America’s first offshore wind farm – the 30MW Block Island – has entered the final stage with the majority of the turbine components already delivered to the Port of Providence and ready to be installed, Gina Raimondo, Governor of Rhode Island, heard during her visit to the port
Cheniere’s second liquefaction and export project, Corpus Christi, located on the U.S. Gulf Coast has reached 36.6 completion, according to the latest construction update. Houston-based LNG export player Cheniere is currently constructing two liquefaction trains at the Corpus Christi site located on
The United States Geological Survey, together with the government of India and the government of Japan made a discovery of large, highly enriched accumulations of natural gas hydrate in the Bay of Bengal.
GTT Training, a unit of French GTT dedicated to training LNG professionals and to the development of associated simulation tools, has obtained two approvals for G-Sim training software from classification society DNVGL. This standard specifies the requirements of simulators that are to be used to de
A newbuild emergency response rescue vessel (ERRV) has been delivered to offshore vessel operator Sentinel Marine by China’s Cosco Shipyard, a 51% owned subsidiary of Cosco Corporation, in Singapore. Cosco said on Tuesday that Cosco Dalian Shipyard delivered the vessel to the buyer and that the deli
The American Geophysical Union (AGU) awarded the Maurice Ewing Medal to MBARI marine chemist Peter Brewer. This medal is given annually to recognize “significant original contributions to the ocean sciences,” including “the advancement of oceanographic engineering, technology, and instrumentation, a
Following a failure by the Wood Group to come up with any solutions in talks over pay reductions, proposed cuts and changes to working conditions on Shell’s North Sea oil and gas platforms, action scheduled to start on Tuesday morning will go ahead, UK’s RMT union said on Monday. A ban on overtime w
