Belgium’s Exmar said on Friday its LNG business earned $13.3 million in the first quarter of this year, a rise of 49 percent as compared to the same period a year before. The company’s net income of $9.3 million was almost flat as compared to $9.4 million a year before, Exmar said in its statement.
The Indian-flagged tanker that was blacklisted by the UN Security Council for carrying ‘illicit’ oil cargo from Libya’s rival government is heading back to Libya after being denied port entrance to Malta, the ship’s AIS data from Marine Traffic show. The Distya Ameya tanker is expected to reach Al Z
Oilfield services company Archer has nearly doubled its net loss in the first quarter of 2016, and reported a 42.1% drop in revenues as low oil prices caused its clients to further cut costs. During the quarter, the company axed around 600 jobs, with more to come in the following period. Archer’s re
U.S. Navy transferred ownership of the research vessel (R/V) Melville to the Philippine Navy, during a ceremony at the Naval Base San Diego. R/V Melville, named after George Melville, an explorer and rear admiral in the United States Navy, was launched from La Jolla, California, in 1968. It was oper
Origin Energy, one of the partners in the ConocoPhilips-operated Australia Pacific LNG project on Curtis Island near Gladstone said the projects has shipped 15 cargoes of LNG since January.
London-based Ophir Energy said on Friday it has terminated discussions with Schlumberger regarding the participation in the Fortuna FLNG project in Equatorial Guinea. The two companies signed in January a non-binding agreement under which Schlumberger would receive a 40% economic interest in the For
Houston-based oil and gas giant ConocoPhillips reported a first-quarter net loss of $1.5 billion, compared with a profit of $272 million a year earlier. The energy giant also slashed its capital guidance, for the second time this year, to manage through this period of low oil and gas prices, ConocoP
Houston-based LNG engineer KBR on Friday said its net income dropped from US$44 million in the first quarter 2015 to $42 million in the quarter ended March 31, 2016.
Premier Oil has announced that following receipt of all necessary approvals, the acquisition of the UK North Sea assets from E.ON has now been completed. Premier agreed to acquire the whole of E.ON’s UK North Sea assets for a net consideration of $120 million plus working capital adjustments in Janu
US-based LNG engineer Chart Industries posted a first quarter net loss of US$4.7 million compared to a $5.2 profit in the same quarter 2015.
Ocean Floor Geophysics (OFG) have appointed Salcon Petroleum Services (SPS) as their agent in Malaysia. The agreement was signed between OFG CEO Matthew Kowalczyk and the CEO of SPS Thomas Sjoberg, in Kuala Lumpur, Malaysia. Under the agreement, SPS will provide marketing support in Malaysia for all
GasLog Partners, the Monaco-based owner and operator of LNG carriers said Thursday its first-quarter net income rose 26 percent as compared to the same period a year before.
Teekay, a marine energy transportation, storage and production company, has decided to slash its workforce by 70 positions over a recent contract loss for the FPSO Petrojarl Varg. Namely, the contract for Teekay’s floating, production, storage and offloading unit operating on the Varg field in the N
French oil services provider, Technip, posted net income of €114.4 million for the first quarter 2016 compared to €86.1 million in the same period last year. Adjusted revenue for the first quarter was €2.76 billion, down 4.2 percent from €2.88 billion a year ago. In addition, the company reported a
