Norwegian marine geophysical company Petroleum Geo-Services (PGS) saw its net loss deepen in the first quarter of 2016 while its revenues dropped compared to the same period last year. The geophysical company posted a net loss of $57.1 million in the first quarter 2016, compared to $19.5 million in
Woodlands-based Anadarko on Tuesday said the company’s losses narrowed in the first three months of the year as its reduced costs amid low oil and gas prices. Anadarko posted a net loss of $1.03 billion, compared with a net loss of $3.27 billion in the same quarter a year ago. The company said earli
Costs of liquefied natural gas imports from Qatar have dropped below $5 per MMBtu due to the revised long-term deal Petronet LNG signed with RasGas, according to India’s minister for petroleum and natural gas, Dharmendra Pradhan. India’s largest LNG importer, Petronet and RasGas of Qatar signed the
The Australian Competition and Consumer Commission (ACCC) has discontinued its review of Halliburton’s proposed acquisition of Baker Hughes after their announcement that they had abandoned the deal. The world’s second and third biggest oilfield services providers, Halliburton and Baker Hughes, decid
Anadarko, a US-based oil and gas company, posted a net loss of $1.03 billion for the first quarter of 2016. The result is still better than the one achieved in the first quarter 2015, when the company reported a loss of $3.26 billion. “During the first quarter, we maintained strong operating perform
Norwegian energy giant Statoil said it has agreed to divest its operated Marcellus properties in the US state of West Virginia to EQT Corporation for US$407 million. EQT will acquire 62,500 net acres, and current natural gas production of 50 MMcfe per day from Statoil USA Onshore Properties, a unit
By Geert De Clercq PARIS (Reuters) – France’s competition authority said on Monday it had ordered energy company Engie to ensure its prices for natural gas sales to companies better reflect its costs. The antitrust body said that it had ruled today that Engie had set tariffs for individual price off
Cheniere’s unit, Sabine Pass has on Friday submitted a request with the U.S. FERC to place the first liquefaction train at the Lousiana export facility into service. Houston-based Cheniere started exporting LNG from the Sabine Pass facility, the first of its kind to ship U.S. shale gas overseas, in
An amateur video has started circling the internet following the fatal oil rig helicopter crash, in Turoy, near Bergen on Friday. The video above apparently shows the rotor and propellers of the aircraft spinning in the air, after detaching from the CHC-operated helicopter, right before the crash. T
Liebherr’s offshore crane division installed a board offshore crane, type BOS 35000, on the Giant 7 heavy lift barge, which installed the first foundations at the Wikinger offshore wind farm at the end of the last month. The crane was specially developed for the use on Giant 7, and the entire projec
Liebherr’s offshore crane division installed a board offshore crane, type BOS 35000, on the Giant 7 heavy lift barge, which installed the first foundations at the Wikinger offshore wind farm at the end of the last month. The crane was specially developed for the use on Giant 7, and the entire projec
Japan, the world’s buyer of liquefied natural gas is aiming to establish an international LNG trading hub by the by the early 2020s, according to a statement by Japan’s Ministry of Economy, Trade and Industry.
openWEC has been created to give wave energy researchers and students an easy, free to use, all-in-one WEC simulation tool.
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. After being contacted by Offshore WIND, wpd, the developer of the offshore wind project, confirmed the
