China National Offshore Oil Corp (CNOOC) on Wednesday appointed Yang Hua as company’s CEO and re-designated executive director while remaining chairman of the company.
Karoon Gas Australia on Tuesday said it had issued a default notice to Pacific Exploration and Production Corp., its joint venture partner in Brazil, in respect of an overdue payment. A day later, on Wednesday, Karoon said the issue has been resolved, as Pacific made the overdue payment. Karoon has
Energy World Corporation made a Php1.5 billion (approx. US$32 million) drawdown of funds for its Pagbilao LNG hub in the Philippines, under the agreement signed at the end of May.
Rapido Gee, a 42 meters long steel monohull utility vessel, built by Strategic Marine, has been delivered. Designed by Incat Crowther, Rapido Gee is currently in transit to the Middle East, where it will be operated by Rashied Marine Services in the service of offshore platforms. “In response to cal
Monaco-based LNG shipper completed the issuance of NOK750 million (approx. US$90 million) new unsecured bonds in the Norwegian market.
Spanish oil company Repsol in May 2015 bought Canada’s Talisman for $8.3 billion. In an update on Wednesday, June 15, 2016, Repsol said that the synergies created with the integration of Talisman have grown from an estimated 220 million dollars annually when the acquisition was announced to 400 mill
GE Oil & Gas and Technip have this week signed a Memorandum of Understanding for a joint project to explore areas to co-develop digital solutions for the LNG industry, with a particular focus on the design and build phase of new Liquefied Natural Gas (LNG) projects. The two companies will work toget
The Egyptian Natural Gas Holding Company (EGAS) has reportedly won the case against the Damietta LNG plant at the International Court of Arbitration in Paris.
Flex LNG, the company controlled by billionaire John Fredriksen, informed that Jostein Ueland and Trym Tveitnes have resigned from their positions as chief financial officer and chief technical officer. Both Ueland and Tveitnes are co-founders of Flex LNG, which was established in August 2006. They
The movement of containerized cargo through Latin American and Caribbean ports grew 1.7 percent during 2015, according to Economic Commission for Latin America and the Caribbean’s (ECLAC) ranking of container port throughput. ECLAC said these figures confirm two trends observed during the last years
Mermaid Maritime is responding to an anticipated continuing demand for subsea services in both Indonesia and the rest of the South East Asian region by re-chartering a DP2 dive support vessel (DSV), the Mermaid Nusantara. Namely, Mermaid Maritime’s Indonesian business unit, PT Seascape Surveys Indon
GE Oil & Gas signed a memorandum of understanding with Technip aimed at exploring co-development of digital solutions for the liquefied natural gas industry.
A regular container service connecting Korean Incheon Port directly to the Middle East has been launched, with three 5,100 TEU and four 6,500 TEU boxships to be put in operation, the Incheon Port Authority (IPA) said. The service has been named HDM Loof. IPA further said that among the 5,100 TEU shi
Unexpected outages in OPEC and non-OPEC countries have cut global oil supply by nearly 0.8 mbpd in May, dampening global production forecasts, said the International Energy Agency (IEA) on Tuesday, in its monthly Oil Market Report (OMR), a publication which provides a view of the state of the intern
