Ratings agency Moody’s said it has completed the assessment of LNG producers RasGas 2 and RasGas 3, as well as LNG shipping giant Nakilat as part of its review initiated in March. Moody’s has confirmed the Aa3 guaranteed senior secured debt ratings of RasGas 2 and RasGas 3, and the agency has also c
French energy behemoth Total has officially inaugurated the Laggan-Tormore project in the Shetland Islands, UK. The inauguration ceremony was held on Monday, at the Shetland Gas Plant in the presence of government and industry partners including Amber Rudd MP, the UK Government Secretary of State fo
Unaoil, a Monaco-based oil services company involved in a global bribery scandal implicating energy industry majors like Halliburton, National Oilwell Varco, Keppel and Kvaerner, has said it has been ‘the victim of a four-month extortion attempt by criminals’. To remind, The Huffington Post and its
By Henning Gloystein and Dmitry Zhdannikov SINGAPORE/LONDON (Reuters) – Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flippe
(Reuters) – Goldman Sachs <GS.N>, one of the most bearish forecasters on oil for about a year, on Monday raised its short-term price outlook for U.S. crude projecting steeper near-term cuts in global output. “Pulling forward” its forecast, the bank now sees West Texas Intermediate (WTI) prices avera
In its response to the European Commission’s LNG strategy, the Council of European Energy Regulators argues that current LNG infrastructure is sufficient to satisfy demand in most regions across Europe.
The container shipping fleet could break through the 20 million TEU barrier shortly and, with an estimated net addition of 0.68 million TEU of capacity for the full year, the milestone could be reached in June, according to BIMCO. Over the last decade, the fleet size in TEU increased by 240% and rea
Climate activists have continued their protest against coal shipments over the weekend targeting Indonesia, the world’s second biggest exporter of coal. Namely, on Sunday, Greenpeace Indonesia activists climbed the cranes of two grab-type ship unloaders, blocking the supply of coal for the Cirebon C
Singapore’s offshore vessel owner Atlantic Navigation has secured work for ten of its offshore supply vessels in the Middle East. The company on Friday said the combined value of the vessel charters was $236 million. The vessels will work for an undisclosed national oil company. According to Atlanti
The U.S. Coast Guard has shared the above image, showing the oil spill response efforts following a discharge from Shell’s Glider field in the Gulf of Mexico last week. The image shows two 210-foot and two 95-foot vessels conduct skimming operations on May 14, 2016, in response to an estimated 88,20
Accident Investigation Board Norway has issued a preliminary report of the investigation into the crash of the CHC-operated Super Puma helicopter in Norway, on April 29, in which 13 people died. The AIBN said the report is published to disseminate information obtained during the earliest stages of t
Pharos Offshore Group reported that it is preparing for 2016/2017 offshore works by mobilising the DP2 vessel Deepsea Worker. The vessel, for which the company entered discussions with the vessel owners in early February, comprises Aleron Subsea’s Work Class ROV, an Observation Class ROV and a subse
Pharos Offshore is mobilizing the DP2 vessel ‘Deepsea Worker’ with a work class ROV, an observation class ROV and a subsea excavation spread, for 2016/2017 operations. Aleron Subsea will be Pharos Offshore’s ROV partner during the period, providing the vehicle support package, whilst Pharos operates
Horizon Geosciences has recently launched nearshore survey boat, the Horizon Echo. The Horizon Echo, weighing about four tons, is set to start work on its first project in Abu Dhabi, the company informed. According to Horizon Geosciences, the vessel is equipped to carry out geophysical shallow water
