San Diego-based Sempra Energy on Wednesday revealed its earning for the first quarter 2016 dropped to US$319 million from $437 million during the corresponding quarter in 2015.
Noble Energy, a U.S.-based independent oil and gas company, has seen its loss deepen during the first quarter of the year. In addition, the company expects to spend less than it had budgeted for the year. Noble Energy’s results for the first quarter of 2016 include an adjusted net loss of $228 milli
Hong Kong-based commodity trading house, Noble Group, has reportedly appointed former Total SA LNG trader Idoia Monje Norte to its liquefied natural gas desk in London.
The United States Federal Maritime Commission (FMC) has launched an initiative comprising representatives from 34 companies to come up with solutions aimed at supply chain improvements that would help alleviate the US port congestion problems. FMC’s Supply Chain Innovation Team Initiative, led by Co
GE has been selected by Hornbeck Offshore Services (HOS) to equip its two Jones Act-qualified multipurpose supply vessels (MPSV), constructed at Eastern Shipbuilding. GE’s scope includes the supply of MKII MV3000 active front end (AFE) drive for both vessels. In addition, GE has also provided its Se
LNG giant Royal Dutch Shell on Wednesday posted it first results since the multi-billion takeover of BG, revealing a sharp decline in its first-quarter profit on low oil, gas and LNG prices.
Reliance Power’s 750 MW LNG-based power project and FSRU liquefied natural gas terminal in Bangladesh has received government’s approval-in-principle.
Danish oil and gas company Maersk Oil posted a net loss for the first quarter of 2016 mainly due to low oil price. The company on Wednesday reported a loss of $29 million in the first quarter of 2016, compared to a profit of $208 million in the same period last year. The oil company’s […]
The Gulf of Guinea pirates have been yielding ransom payments of up to USD 400,000 for kidnapped seafarers in 2015, according to a maritime piracy report released by Oceans Beyond Piracy (OBP). While piracy in the region started 2015 with a series of violent incidents, kidnapping for ransom was the
China National Offshore Oil Corp (CNOOC) has reportedly started constructing two additional storage tanks at its Fujian LNG terminal in the city of Putian in southeast China.
The United Nations Security Council has launched an inspection mechanism of commercial shipments to Yemen based in Djibouti, following a request by the Government of Yemen. The inspection mechanism will replace the one previously conducted by the Saudi-led coalition forces, which proved to be very s
French LNG player Engie informed that it has created a new executive management team as part of its ongoing transformation plan.
Oil major Royal Dutch Shell on Wednesday posted a sharp drop in its first quarter 2016 earnings over low oil prices and weaker refining industry conditions. The company is planning to reduce its spending in 2016 to $30 billion. The results are the first that Shell has posted after the acquisition of
Venture Global LNG on Tuesday closed the fourth round of equity investment raising additional US$55 million for its proposed liquefied natural gas export projects in Louisiana.
