French oilfield services provider Technip has increased its profit and revenues for the fourth quarter 2015 when compared to corresponding period in the year-before. Technip’s net income for the fourth quarter of 2015 increased totalling €102 million ($112.2M), compared to €80 million ($88M) in the
Sempra Energy said it has signed a deal with Woodside’s unit to advance the development of the proposed Port Arthur liquefaction facility in Texas.
A 1999-built container ship MV Olf, which was involved in a hit-and-run incident with two other vessels, was arrested in Malaysian waters on February 23, the Malaysian Maritime Enforcement Agency (MMEA) reported. The incident, which occurred some five days earlier off Batu Ayam in the Singapore Stra
UK’s Department of Energy and Climate Change (DECC) on Thursday released its December 2015 energy statistics according to which production of crude oil & NGLs and gas rose by 12.8% and 8.5%, respectively. According to DECC, primary energy production rose by 9.0 per cent on a year earlier to 123.1 mi
Monaco-based LNG shipper GasLog posted a US$53.7 million profit for the year 2015, 5.7 percent up on US$50.8 million in 2015.
The UK Department of Energy and Climate Change (DECC) today released its December 2015 energy statistics that allow a provisional assessment to be made of trends in energy production and consumption in 2015. Low carbon energy production rose by 13.8%, with growth due to increased nuclear availabilit
Australian icebreaker Aurora Australis remains aground near Mawson research station as attempts to refloat the vessel were hindered by the ongoing blizzard. Australian Antarctic Division said that refloating of the ship will be attempted once the weather conditions ease, which is expected to happen
North Atlantic Drilling (NADL), a provider of harsh environment drilling services formed as a subsidiary of Seadrill, has tightened its quarterly loss, but halved the revenues. NADL on Thursday reported a drop in the company’s total operating revenues for the quarter to $150.4 million, compared to $
The Indian government has approved a USD 150 million credit facility to support the development of Iran’s Chabahar port which lies outside the Persian Gulf, near Iran’s border with Pakistan. According to the government, India is negotiating this project to facilitate the growing trade and investment
Canadian trawler FV Saputi ran into trouble during fishing in the Davis Strait having struck sea ice on Sunday, February 21st. The stern trawler had consequently sprung a leak, and started taking on water into the ship’s cargo space that resulted in the ship’s listing. JRCC Halifax alerted Danish Ar
French utility and LNG player Engie reported on Thursday a net loss of 4.6 billion euros for 2015, after booking 8.7 billion euros in writedowns due to plunging oil and gas prices. These impairments mainly relate to the exploration-production activity, heavily impacted by the major and prolonged dro
South Korean ministry of trade, industry and energy (MOTIE) on Wednesday revealed retail natural gas rates will be cut by an average of 9.5 percent starting March 1.
East Port Said’s side canal was officially inaugurated on Wednesday by the vice admiral Mohab Mameesh, head of Suez Canal Authority, Daily News Egypt reports. The inauguration followed a navigation test of the canal with the successful passage of the first shipping vessel through the channel which w
French LNG player Engie on Thursday said Isabelle Kocher will be named the company’s CEO replacing Gérard Mestrallet.
