U.S. Trade and Development Agency awarded a US$878,800 grant to the Panama Canal Authority (ACP) to conduct an LNG terminal project feasibility study.
The Center for LNG, a trade association representing liquefied natural gas producers, shippers, terminal operators and developers, on Tuesday named Charlie Riedl as its executive director.
Faroe Petroleum, an independent oil and gas company, has been awarded six new prospective exploration licences, including two operatorships, under the 2015 Norwegian APA (Awards in Pre-defined Areas) Licence Round on the Norwegian Continental Shelf. The oil and gas company was awarded three licences
The Government of Guyana has signed a Petroleum Prospecting License and Production Sharing Agreement with the joint venture team of Tullow Oil and Eco Atlantic for a small concession of 1801sq. km, called the Orinduik Block, located offshore Guyana. In total, the license term of the exploration peri
Britain’s BP Plc aims to double natural gas production in Egypt in the next four years despite weak oil prices as Egypt’s burgeoning energy market offers hope for its battered economy.
The Seamen’s Union in Greece is staging a new 48-hour strike tomorrow, on 20 January, according to the latest report from Inchcape Shipping Services (ISS). The strike is expected to affect the routes of domestic and local ferries, and commercial vessels calling at Piraeus, Aspropyrgos, Eleusis, Pach
UAE’s Mubadala Petroleum, and Mexico’s Petróleos Mexicanos (Pemex) have signed an agreement to provide the basis for discussions between the two companies and their affiliates about potential opportunities in Mexico’s energy sector. The Memorandum of Understanding (MoU) was signed during a ceremony
Norwegian Ministry of Petroleum and Energy has offered 56 exploration licenses on the Norwegian Continental Shelf (NCS) in its latest licencing round. The Awards in Pre-defined Areas 2015 (APA 2015) licensing round opened in April 2015 and a deadline for application was September 2, 2015. The offers
Amec Foster Wheeler, a provider of services for the international energy industry, announced on Tuesday it will reduce rates paid to agencies for Aberdeen-based offshore and onshore contract workers. The company plans to slash the rates for its offshore and onshore contractors by 7.5% by February 8,
Shipping companies are being strongly encouraged to use new ‘Transitional Measures for Shipowners Selling Ships for Recycling’ launched by an inter-industry working group led by the International Chamber of Shipping (ICS). According to ICS, the purpose of the new Transitional Measures is to help shi
As we all know by now, in the past 18 months oil prices fell significantly, due to increased production in the U.S., and OPEC’s decision not to act as the swing producer, from $114 a barrel in June 2014, to below $30 on Monday, a knee-jerk reaction to the lifting of the sanctions against Iran. [&hel
Exceptionally mild temperatures in the early part of the winter in Japan, Europe and the United States – alongside weak economic sentiment in China, Brazil, Russia and other commodity-dependent economies – saw global oil demand growth flip from a near five-year high in the third quarter of last year
China National Offshore Oil Corporation (CNOOC) informed on Monday it will be reducing its capital expenditure for 2016 that will be no more than RMB 60 billion ($9.1B). Of that amount, the capital expenditures for exploration, development and production will account for around 19%, 64% and 13% resp
Genel Energy has informed that Sir Graham Hearne has indicated his intention to retire from the Board of Genel Energy at the 2016 AGM. In addition Genel Energy has today appointed Simon Lockett as an independent non -executive director with immediate effect. He will also become a member of the Remun
