Woodside’s CEO Peter Coleman said on Tuesday that future LNG developments need to be phased, more innovative, and potentially smaller in order for the LNG industry to grow to its full potential in the world’s future energy mix. “I think we need to be learning from our past, understanding the LNG com
National Oilwell Varco, a US-based provider of oilfield equipment and services, expects a drop in revenue in the first quarter, and will cut dividend to preserve cash, in response to market conditions “which continued to deteriorate through the first quarter of 2016.” Clay Williams, Chairman, Presid
The Port of Prince Rupert instructed protesters that set-up camp on the proposed Pacific NorthWest LNG plant site on Lelu Island to stop unauthorized occupation and construction activities in the area.
World Wildlife Fund Canada, the environment conservation organization, has taken legal action challenging validity of some Shell’s offshore exploration permits in Canada. WWF-Canada is aiming to have Shell’s Lancaster Sound oil and gas exploration permits declared expired. The conservation group cla
Marathon Oil, a global exploration and production company based in Houston, has signed agreements for the sale of certain non-core assets for $950 million, including its 10 percent interest in the Shenandoah discovery in the Gulf of Mexico. According to the oil company, these agreements bring the to
The LNG industry needs to continue to innovate to drive down capital costs across the LNG value chain to make gas competitive with other sources of energy such as coal and renewables, Ben van Beurden, CEO of LNG giant Shell said on Tuesday. “The most important areas to focus are design engineering a
Norwegian offshore shipping company, Atlantic Offshore, has decided to sell most of its operation and subsidiaries. In a statement on Tuesday the company, mainly focused on Emergency Response and Rescue Vessels (ERRV) market, said the sale would secure continued operations and contractual obligation
Global liquefied natural gas trade is expected to grow to 2020, Teekay’s Research Projects Manager, Nicholas Schneider said in the company’s marine market gas update.
Russia’s Novatek, the operator of the giant Yamal LNG project, said it has been awarded an exploration and production license for the Nyakhartinskiy area. The license duration is 27 years and Novatek paid 1.05 billion roubles (US$15.1 million) for the Nyakhartinskiy license located in the Yamal-Nene
Italian Navy’s minesweeper Gaeta has conducted an underwater research on the wreck of the Oriani-class Destroyer Vincenzo Gioberti. The ship sank in August 1943, during the WWII, west of Punta Mesco (La Spezia). It was sunk by a British submarine, the HMS Simoom, which blasted the ship with two torp
LNG18 conference, the 18th in a series of conferences on liquefied natural gas held every three years, has on Monday opened its doors in Perth, Australia. LNG 18 was officially launched by Australian Prime Minister Malcolm Turnbull who welcomed the delegates and kicked off the discussion. This year’
Development of modern technology has ushered in a myriad of changes into the maritime industry. Introduction of complex navigation softwares aboard ships, giant remotely-operated cranes to handle cargo and automated equipment at ports has made navigation and cargo handling operations at ports much e
Petro Media News, a media and communications company with a focus on the oil and gas industry, has reportedly announced bankruptcy in the Stavanger District Court. The company, through its website Petro.no, delivers news from the oil and gas industry on the Norwegian continental shelf including cont
Brazilian state-owned oil company Petrobras has terminated yet another contract with DryShips, this time for one of DryShips’ oil spill recovery vessels (OSRVs). To remind, back in February, Petrobras terminated a contract for the Dryships-owned platform supply vessel, Vega Crusader. DryShips, an in
