Contrary to recent media reports that Petronas is looking to ditch the Pacific NorthWest LNG project, the Malaysian giant said it is moving towards the financial investment decision.
Faced with a lack of training of maritime workers in oil exploration projects in India, the National Union of Seafarers of India (NUSI) has asked the Indian Ministry of Shipping for financial help. The National Shipping Board for training and maritime workforce at NUSI Offshore Training Institute (N
Japan’s price of spot liquefied natural gas contracted in February averaged US$6.5 per mmBtu on DES basis.
Sembcorp Marine has acquired an additional 44% equity stake in Gravifloat for $38 million. This will bring the company’s stake in Gravifloat to 56%. Under the agreement, the company will eventually increase its stake by a further 44% to 100% through an equity purchase at the same price. Gravifloat d
First liquefied natural gas cargo after a two-year shutdown could be shipped within two weeks from the $10 billion Angola LNG project, Chevron’s CEO John Watson said on Tuesday.
Texas-based LNG player Excelerate Energy said it reduced the size of its commercial trading and chartering team as part of a reorganization. The reorganization, made due to the near full commitment of Excelerate’s fleet to long-term projects, resulted in the elimination of six positions, a spokeswom
US oil and gas giant Chevron said Tuesday it would slash its capital spending budget in the next two years to preserve cash in a low oil price environment. Chevron informed in a statement it plans to spend between $17 billion to $22 billion per year in 2017 and 2018. The energy giant previously said
South Korean shipping company SK Shipping Co. is reported to be under investigation by the country’s National Tax Service, the Korea Herald informs. Namely, the company is linked to alleged tax evasion practices as the investigation is being conducted by the NTS’s division in charge of large compani
Oil & Gas UK on Tuesday, March 8, set out its proposals for tax changes in the forthcoming Budget to boost the industry’s competitiveness and investors’ confidence in the UK continental shelf. In the proposal, Oil & Gas UK called for a permanent cut of 20 percentage points. The calls for urgent tax
Thirty years ago, the film ‘Back to the Future II’ made some amazingly accurate predictions about everyday technology, including video conferencing, biometrics and wearable tech. Around that same time, the US was also experiencing a major oil price collapse, which is an appropriate analogue for toda
Oil and gas giant Chevron said on Monday it started producing liquefied natural gas at its Gorgon project on Barrow Island off the northwest coast of Australia.
Shizuoka Gas’s Sodeshi LNG terminal is close to starting liquefied natural gas reloading operations, company’s deputy general manager, feedstock department, Hirotaka Kaneda said.
Following an internal audit of test processes in its facilities, Wärtsilä encountered deviations in certain fuel consumption measurement tests conducted for marine engines in Wärtsilä Delivery Centre Trieste in Italy.
Egyptian Natural Gas Holding Company (EGAS) began with payments to LNG suppliers under the extended 90-day payment terms.
