Golar LNG, the owner and operator of LNG carriers on Friday informed that its framework agreement with Schlumberger is unaffected by the latter’s withdrawal from the Fortuna/Ophir development.
The Chevron-led $10 billion Angola LNG project is expected to ship its first cargo of chilled gas in May after a two-year shutdown, Chevron’s CEO John Watson said on Friday. The Angola LNG project was closed in April 2014 after a major rupture on a flare line. The LNG project started recommissioning
Texas-based energy giant ExxonMobil posted a 63 percent drop in its first-quarter profit on low oil and gas prices and weaker refining margins.
Billionaire investor and a major Cheniere Energy shareholder, Carl Icahn, in a recent interview with CNBC confirmed he was the reason and the driving force behind the ousting of Cheniere’s former CEO Charif Souki.
Northbound convoys in the Suez Canal have been suspended following grounding of a 153,514 DWT containership on April 28, according to GAC Egypt. The vessel ran into trouble due to engine problems and is still grounded at the same position. According to GAC, the ship was the tenth vessel in the South
A CHC-operated helicopter carrying offshore workers crashed near Bergen, offshore Norway on Friday. According to Joint Rescue Coordination Centre Norway, eleven bodies have been found. The helicopter was on its way from Statoil’s Gullfaks B platform when it crashed. The production at Gullfaks B has
American multinational energy corporation Chevron on Friday reported a loss of $725 million for the first quarter 2016, compared with earnings of $2.6 billion in the same period last year, after suffering an impact of low oil price. According to Chevron’s 1Q report on Friday, foreign currency effect
By Apeksha Nair and Arpan Varghese (Reuters) – Analysts are growing increasingly confident that a near-two-year rout in oil has ended, and raised their price forecasts for a second month running, as healthier demand and a drop in U.S. shale output balance the market by 2017. The inability of OPEC an
U.S.-based oil major ExxonMobil on Friday posted its first quarter 2016 earnings totalling $1.8 billion, a decrease of 63% compared with $4.9 billion a year earlier. The company’s capex was down 33%. In its 1Q report on Friday, the company said that the impacts of sharply lower commodity prices and
LNG giant Golar LNG and oilfield services behemoth Schlumberger have reassured the market that today’s break-up in talks between Schlumberger and Ophir Energy over Fortuna FLNG deal, will not affect the framework agreement which has been signed between Golar and Schlumberger. To remind, oil and gas
After its partner Sterling Energy decided to exit the Ambilobe block, offshore Madagascar, Pura Vida Energy has to weigh its options. Namely, Pura Vida has 30 days to decide whether to assume, at no cost, a 100% ownership interest and operatorship of the Ambilobe block, located in the Ambilobe deep
Novatek-operated giant Yamal LNG project in Russia has secured a loan from Chinese banks worth more than US$12 billion.
State-owned Enarsa has reportedly cancelled its tender seeking nine cargoes of LNG on DES basis for delivery between June and August.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has granted its approval to the oil giant Shell to use two subsea wells on the Draugen field, offshore Norway. Shell is the operator of the Draugen oil field at Haltenbanken located in block 6407/12 in the Norwegian Sea, aroun
