LNG shipper MISC of Malaysia reported RM571 million profit for the first quarter of 2016, up 17 percent from the RM486.31 million during the corresponding quarter in 2015.
GasLog, the owner and operator of liquefied natural gas carriers posted a US$15.9 million loss compared to the $4.3 million profit for the corresponding period the previous year.
Saudi Arabia, the world’s largest crude oil exporter, on Saturday appointed Khalid al-Falih, chairman of the state oil giant Saudi Aramco, as its new energy minister, replacing Ali al-Naimi, who had held the post since 1995.
The end of March saw a resolution reached between Kuwait and Saudi Arabia for the resumption of production from the Khafji field – located in the Arabian Gulf, Douglas Westwood writes in its Monday report. The project was shut-in by the Saudis in October 2014 due to environmental regulation breaches
LNG equipment provider Air Products on Friday said it has entered a definitive agreement to sell its performance materials division of its material technologies segment to Evonik Industries for US$3.8 billion.
Gazprom Marketing & Trading on Monday informed it has completed the sale of its German unit, Gazprom Marketing & Trading Retail Germania (GM&TRG) to goldgas, a VNG company.
Australian subsea services provider Neptune has signed a one-year vessel charter for the 34 meters long DP1 MV Offshore Guardian, with Guardian Offshore AU Pty Ltd. Built in 2015, the MV Offshore Guardian is a shallow draft survey, AUV, dive and ROV support vessel and will be based in Exmouth, Weste
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Two seafarers have reportedly died while 17 are still missing after two vessels collided off the coast of Ningbo in the East China Sea in the early morning hours of May 7, according to local media. The vessels which collided were the fishing vessel Lu Rong Yu 58398, which started listing and sank fo
Construction Starts at Nordergründe Offshore Wind Site Offshore construction of the Nordergründe wind farm is kicking off this week, with the MPI Enterprise vessel already loading monopiles and transition pieces in Cuxhaven, according to German media. Liebherr Installs Custom-Made Offshore Crane on
Shell to slash jobs in Australia LNG giant Royal Dutch Shell said it would cut jobs in Australia following the recent merger with the BG Group. Gazprom, Shell talk Sakhalin 2 expansion progress Gazprom’s Chairman Alexey Miller discussed the ongoing FEED process for the Sakhalin 2 project’s third liq
Tidal Energy Today has compiled the top news from tidal and wave energy industry from May 2 – 8, 2016.
Australian offshore vessel owner MMA Offshore has launched their newbuild vessel, MMA Pinnacle. The marine service provider in the Asia Pacific region, announced via social media on Tuesday that the vessel had been launched in Batam shipyard in Indonesia on April 23. The 2016 newbuild ROV support an
The overcapacity in the container shipping sector seems to have finally struck a nerve as owners abstained from ordering new boxship capacity for the first time in years. According to BIMCO, the first quarter of this year was the first time since the second quarter of 2009 that three months have pas
