South Korea’s Kogas, the world’s largest corporate buyer of LNG, informed its sales volume totaled 2.09 million mt for the month of April, down 14.5 pct on the same month the previous year. According to the company’s filing to the stock exchange, gas sales into the power sector reached 876,000mt, a
Following its LNG supply deal with Fortis of Canada, Hawaiian Electric Companies requested Hawai’i Public Utilities Commission to review and approve the agreement to import LNG for electricity generation O’ahu, Hawai’i Island and Maui.
Plains All-American could have prevented last year pipeline release in Santa Barbara County, California, but it “failed on multiple levels to prevent, detect and respond to this incident,” The U.S. Department of Transportation said on Thursday. The pipeline ruptured a year ago, on May 19, and releas
MPI Offshore has been awarded a contract to install wind turbines on the 332MW Nordsee One offshore wind farm in the German part of the North Sea. The contract was signed by representatives from Senvion and MPI in a short ceremony held earlier this week in Hamburg, MPI’s wind turbine installation ve
Downeast LNG, that is proposing to build an LNG export terminal in Robbinston, Maine, said that its board and shareholders have decided to put the company up for sale as of July 1. Downeast LNG’s majority shareholder is private equity manager Yorktown Partners, which manages approximately $7 billion
Australia’s Oil Search has tabled a bid to acquire a 100 percent of InterOil, a company with assets in Papua New Guinea. The combination of the companies will increase Oil Search’s exposure to the “world-class” Papua LNG Project, which, the company says, is expected to be the next major LNG developm
U.S. Senator, Lisa Murkowski, has introduced the Foreign Spill Protection Act of 2016 which will hold foreign entities accountable for oil spills in US waters. On Wednesday, May 18, office of Senator Murkowski stated that, through this Act, American taxpayers will not be stuck with the bill if oil f
Marine seismic data provider MultiClient Geophysical (MCG) expects the low demand for seismic data to continue throughout 2016 despite the increase in oil price since mid-February 2016. In its quarterly report on Friday, MCG said that the oil companies would continue its cost discipline in 2016 refl
Origin Energy, that holds a 37.5 pct stake in the Australia Pacific LNG project, said it had entered into a deal with SEA Gas (Mortlake) Partnership for the sale of Mortlake pipeline for about A$245 million (US$177m). Mortlake pipeline, which is currently operated by a related party of SEA Gas Mortl
According to a report by Norway’s government agency in charge of managing the oil and gas resources in Norway, the Norwegian Petroleum Directorate (NPD), the oil production in April was higher when compared to the same period last year, and above NPD’s prognosis for the month. As the oil production
Australian ship designer Incat Crowther has informed that the construction of a second Incat-designed fast crew boat for Caspian Marine Services is well underway at Austal’s Western Australia shipyard. The second 70 meters long Catamaran Crew boat is sister ship to the ‘Muslim Magomayev‘ which was d
The research vessel (R/V) Sally Ride has been re-floated following the installation of the scientific instrumentation onboard the vessel. The installation required the drydock of the vessel in order to work on sensors mounted on the hull beneath the waterline. Before being re-floated on Tuesday, the
On Wednesday and Thursday this week, Hamburg has been the place to be if you want to hear about the latest technology behind the Mono Bucket foundation at the Universal Foundation Workshop 2016. Over 100 delegates representing over 50 companies involved in designing, building, buying and installing
Environmentalists are fuming over latest offshore leases awards in Norway, covering acreage in the Barents Sea. Following the licensing round in which thirteen companies were offered offshore acreage in the area, Greenpeace has slammed the move as a “clear violation of the Paris Climate Change Agree
