Unless seafarer training levels are increased significantly, the growth in demand for seafarers could generate a serious shortage in the total supply of officers as the latest five-year BIMCO/ICS Manpower Report forecasts that an additional 147,500 officers will be required by 2025 to service the wo
Maroš Šefčovič, European Commission’s Vice-President for the Energy Union, will represent the Commission in a ceremony to launch the construction works of the Trans-Adriatic Pipeline (TAP) in Thessaloniki, Greece on Tuesday, May 17. The event is hosted by Greek Prime Minister Alexis Tsipras. TAP wil
Gas Natural Fenosa, a Spanish natural gas supplier, intends to expand its LNG fleet by chartering four new carriers and incorporating one floating regasification unit.
Freeport LNG liquefaction and export project located on Quintana Island in Texas is moving forward with construction activities, especially with the expansion of the original marine basin to accommodate a second ship dock. Freeport LNG, led by Michael Smith, Chairman and CEO of the company, is const
Polish Gas and Oil Company (PGNiG) on Tuesday said it has closed the first part of its tender seeking five LNG cargoes for June-July delivery.
The Republic of Marshall Islands (RMI) Maritime Registry has exceeded 131 gross tons (GT) in March 2016, surpassing the fleet milestone of 100 million GT in 2014. As noted in the January 2016 issue of Clarksons’ Research’s World Fleet Monitor, the registry saw a 12.5 percent increase in GT in 2015,
Oil and gas company Rockhopper Exploration has announced the completion of an independent audit of the Contingent and Prospective Resources of its assets in licences PL032 and PL004 in the North Falkland Basin, offshore the Falkland Islands, confirming it to be a billion barrel basin. The audit was
Bourbon, a French offshore marine services provider, is backing away from its plans to acquire a share in the ethane transportation business. To remind, the company in March said it would acquire Jaccar Holding’s activities in ethane transportation, a market for which Bourbon said was expected to ha
Petronet LNG, India’s largest importer of chilled gas, posted a 20.43 percent drop in profit for the fiscal quarter ended March 31, 2016.
Russian gas giant Gazprom on Monday signed a number of documents to strengthen cooperation with Vietnam Oil and Gas Group (PetroVietnam). The deals were signed between Gazprom’s Alexey Miller and Nguyen Quoc Khanh, Chairman of the Board of Directors of PetroVietnam. The signing ceremony was attended
Pura Vida Energy, an ASX-listed oil explorer focused on Africa, has informed that its directors have agreed to salary cuts as part of company’s cost reduction program. The company said both its executive and non-executive directors agreed to reduce their remuneration, a decision which „demonstrates
The United Stated Department of Energy recently informed that during the first quarter of 2016, Cheniere’s Sabine Pass export facility shipped 11.5 billion cubic feet of domestically produced LNG.
U.S. oil and gas company Chevron is looking to reduce its workforce in Thailand. Reuters on Monday cited a company official who said that the cuts would enable the company to keep doing business in the Southeast Asian country. The San Ramon, California-based oil firm, Reuters writes, has plans to la
Panamanian-flagged bulk carrier New Mykonos, which ran aground on January 29, south of Faux Cap, southern Madagascar, broke into two and sank last week, according to AllAfrica. The ship is reportedly lying in 25 metres of water, almost fully submerged. The 1997-built bulker was carrying a full load
