After receiving a notice of contract termination from Woodside for the FPSO Armada Claire on March 4, the plot has thickened with Bumi Armada serving a counter notice to Woodside. Bumi Armada’s subsidiary Armada Balnaves sent the notice of termination to Woodside on Friday, March 11. The company sta
The Suez Canal is the main route for world trade, and no other alternative can take its place in the field of maritime transport, Admiral Mohab Mamish, Chairman and Managing Director of the Suez Canal Authority said responding to media reports that vessels are changing routes to the Cape of Good Hop
In today’s interactive picture we introduce the giant Valemax-the world’s biggest iron ore carrier, ushered in by the Brazilian mining giant Vale S.A. The 400,000-dwt ship is designed as a specialized very large ore carrier. At 362 meters long, 65 meters wide and 30.4 meters high, the Valemax led to
A US$6 billion could be saved by Japan’s Inpex and Shell if Indonesia opts to build the Masela Abadi LNG facility on land instead of offshore, according to a government official.
Global LNG imports grew by 2.1 percent to 241.2 million tons in 2015, according to the international association for natural gas, Cedigaz.
China National Petroleum Corporation is reportedly next in line in an attempt to rework the LNG import deal terms with Qatar.
Norwegian oil major Statoil has decided not to proceed with the evaluations of a potential business center in Europe. The decision was presented at a meeting with employee representatives on Friday, March 11. According to the company, at the meeting it was agreed that further efficiency improvements
A draft bill for the advancement of naval financing has been presented to the plenary session of the Panamanian National Assembly. The bill was introduced by Álvaro Alemán, presidential minister and Chairman of the Board of Directors of the Panama Maritime Authority (AMP), Jorge Barakat Pitty, Minis
A draft bill for the advancement of naval financing has been presented to the plenary session of the Panamanian National Assembly. The bill was introduced by Álvaro Alemán, presidential minister and Chairman of the Board of Directors of the Panama Maritime Authority (AMP), Jorge Barakat Pitty, Minis
The Indian government has decided to take back the Ratna and R-Series fields located offshore Mumbai, and award them to ONGC. The field was originally developed by ONGC but the government, during 1995-96, issued an award of the contract for development of the field to a consortium of Essar Oil Limit
South Korea’s Kogas, the world’s largest corporate buyer of LNG, said its sales volume totaled 3.49 million mt in February, a rise of 3.4 percent as compared to the same month last year.
American LNG submitted three LNG sale and purchase agreements to the U.S. Department of Energy earlier this week.
TransCanada Corporation said on Thursday it is in talks regarding a potential deal, but did not confirm it is planning to buy U.S. natural gas pipeline operator Columbia Pipeline Group. “While we are in discussions regarding a potential transaction with a third party, no agreement has been reached a
MAKE has published an analysis of global and regional wind power installation forecasts through 2025. Global energy markets are undoubtedly changing, the breadth of divestments in fossil fuel assets is a testament to the fact that the private sector considers investment in these technologies a losin
