Tokyo Electric Power (Tepco) revealed its LNG imports in January stood at 1.8 million mt, 21 percent down from 2.28 million mt during the same month 2015.
Houston-based provider of EPCI services McDermott has booked a loss as well as lower revenues in the fourth quarter of 2015 compared to the same period of 2014. The company realized fourth quarter 2015 net loss of $18.7 million, compared to net income of $8.2 million, in the prior-year fourth quarte
Gibdock, a shiprepair and conversion yard from Gibraltar, carried out the afloat mobilisation of Seajacks Scylla, after the vessel had been discharged to Gibraltar waters from the heavy-lift transporter Osprey. The vessel was towed to Gibdock for reactivation works at the yard’s South Mole. Richard
Oil & Gas UK’s 2016 Activity Survey, published on Tuesday, has revealed that while the industry’s drive to improve efficiency, reduce operating costs and increase production has had marked success, exploration remains at an all-time low with no sign of improving. According to Oil & Gas UK, most conc
Cheniere Energy informed in a February filing to the Federal Energy Regulatory Commission that the Corpus Christi liquefaction project in Texas is 30.7 percent complete.
Oil Search of Papua New Guinea swung to a US$39.4 million loss in 2015 as it booked an impairment charge of almost $353 million related to assets in Kurdistan. The company’s core profit in 2015 was $359.9 million, compared to $482.8 million in 2014 as q consequence of plunging prices with the averag
The development and use of clean technologies, and facilitating access to finance for their implementation through the Save as you Sail (SAYS) financial concept has been one of the key projects in 2105, the Sustainable Shipping Initiative (SSI), a coalition of companies from across the global shippi
Helix Energy Solutions Group, an oil and gas services company, has posted a loss for the fourth quarter of 2015 impacted by impairment charges. Helix reported a net loss of $403.9 million for the fourth quarter of 2015 compared to net income of $8.0 million for the same period in 2014. According to
Bladt Industries upended the first transition piece for the Veja Mate offshore wind farm, weighing 293.5 tonnes. As announced last summer, a joint venture between Bladt industries and EEW SPC won the contract for building foundations for the Veja Mate Offshore Wind Farm. Bladt’s scope in the project
Australia’s Beach Energy said its new CEO, Matthew Kay will start work at the company earlier than expected. According to a statement by Beach issued on Tuesday, the appointment of Kay was to take effect from July 17 or such earlier date as mutually agreed. Kay’s commitments have altered and now all
The U.S. Army Corps of Engineers (USACE) has awarded a contract to All American Marine (AAM) for the design and construction of a new hydrofoil supported aluminum catamaran survey vessel. The new vessel will replace the aging survey boat, Shuman, to primarily perform survey missions and dive operati
THE IHS Energy CERAWeek, one of the world’s most eminent energy industry events, has opened its doors to visitors and delegates for the thirty fifth time. The five-day conference held in Houston, Texas, will once again host the top executives from the oil, gas and renewable energy industries, hoping
Global crude oil supply growth is slowing down as a prolonged period of dwindling oil prices takes its toll, the International Energy Agency (IEA) revealed on Monday, in its Medium-Term oil Market Report, a publication in which the IEA is trying to understand how the oil market will look during the
Cobalt International Energy, a Houston-based oil exploration and production company, will reduce its workforce by 50 percent when compared to its pre-Angola sale workforce. According to Cobalt, with the pending transfer of the company’s Angolan assets and its focus on reducing costs, the company is
