New Zealand’s Energy and Resources Minister Simon Bridges has launched the 2016 Block Offer petroleum tender. Block Offer 2016 announced Monday includes four offshore release areas, in the Reinga-Northland Basin, Taranaki Basin, Pegasus and East Coast Basins, and Great South-Canterbury Basin. There
China, the third-largest LNG importer in the world, boosted its imports of the chilled fuel in February by 12.1 percent, as compared to the same month a year before. The world’s largest energy consumer imported 1.85 million mt of liquefied natural gas in February, according to the General Administra
Van Oord has appointed two new Area Directors as part of the company’s Management Committee, which consists of the Executive Board and the Area and Staff Directors. Ronald Schinagl, the present Area Director America & Africa, will assume the position of the new Area Director Netherlands from 1 Septe
Van Oord has appointed two new Area Directors as part of the company’s Management Committee, which consists of the Executive Board and the Area and Staff Directors. Ronald Schinagl, the present Area Director America & Africa, will assume the position of the new Area Director Netherlands from 1 Septe
Italian oil company Eni has set a $7 billion divestment target for the period between 2016 and 2019, slashed the breakeven oil price and said the industry needs to understand that the low oil prices are actually not low, but normal. The company’s CEO Claudio Descalzi said that in 2015, Eni achieved
Workers at one of Petrobras’ offshore production units are reportedly experiencing problems with the on-board comm systems. According to the Brazilian oil workers’ union Sindipetro-NF, workers aboard the Petrobras-operated P-35 unit in the Campos Basin, are facing problems with the on-board communic
The Victorian government has launched the tender for the expression of interest for the 50-year lease of the Port of Melbourne in less than two weeks after the passage of the Port of Melbourne Lease Transaction Bill 2015. Expressions of interest for the 50-year lease is the first step in shortlistin
Chevron’s first shipment of liquefied natural gas (LNG) from the Gorgon Project, offshore W. Australia, has been dispatched to Japan to Chubu Electric Power. “Departure of the first cargo from the Gorgon Project is a key milestone in our commitment to be a reliable LNG provider for customers across
Lundin Petroleum, a Swedish independent oil and gas company, has entered into a committed short term revolving credit facility (RCF) of $300 million and received additional commitments of $135 million under the reserve-based lending (RBL) facility accordion. With this additional commitment under the
Bourbon Offshore, a France-based owner of offshore vessels, has taken delivery of the new anchor handler, the Bourbon Arctic. According to the shipowner, the Bourbon Arctic AHTS was delivered from the Vard Brattvåg shipyard in Norway and completed its first anchor handling operation. The vessel was
Prices of spot LNG for April delivery to Asia averaged $4.46 per MMBtu, according to latest Platts Japan/Korea Marker data for month-ahead delivery. At $4.46/MMBtu, the April JKM was 38.7 percent below prices for the same delivery month in 2015. Platts adds in its report that the latest marker for A
The minister of environment and climate change, Catherine McKenna extended the decision deadline for the Petronas-led Pacific NorthWest LNG project on Lelu Island.
India’s government on Monday said it will revive nine stranded gas-based power plants following the conclusion of the repeated gas subsidy auction process.
Woodfibre LNG on Friday said it has been granted environmental approval from the federal government.
