Hague-based energy giant Shell said Tuesday it reduced capital spending plan for next year as it prepares to finalize the combination with BG in a low oil price environment. Shell and BG shareholder meetings to approve the proposed merger are expected to take place on January 27 and 28. According to
Canadian Environmental Assessment Agency on Monday said it has continued the environmental assessment of the proposed Pacific NorthWest LNG project.
A 51%-owned subsidiary of COSCO Corporation (Singapore), Cosco Shipyard Group Co., Ltd, is currently exploring expansion of its sources of funding and optimising its asset structure, the company’s parent said in a stock exchange filing. “The process is still at a very preliminary stage and there is
Three days after the ferry Marina Baru sank in the waters off southern Sulawesi, Indonesia, two survivors were found yesterday, while more than 70 people are still missing, according to Reuters. One of these two survivors was the captain of the ferry, who will be interviewed regarding the sinking as
Tellus Petroleum, a 100% subsidiary of Sequa Petroleum, has cancelled a deal to buy interest in the four fields on the Norwegian continental shelf from Wintershall due to the current market environment. Wintershall, a 100% BASF subsidiary, had originally planned to divest assets in the four non-oper
Bisso Marine, a service provider to the marine and energy industries, has announced its acquisition of the derrick/pipelay barge Global Iroquois. The 400 foot x 100 foot x 30 foot laybarge has performed pipelay operations worldwide and will be renamed Bisso Iroquois, said Bisso Marine. The Bisso Iro
Brazil’s state-owned oil company Petrobras has concluded two formation tests in the 3-SPS-105 well, offshore Brazil, confirming the high productivity of the pre-salt carbonate reservoirs. The 3-SPS-105 well, informally known as Carcará Norte, is located in the area of the Carcará Discovery Evaluatio
Following the completion of the LNG Master Plan project, Port of Antwerp moved closer to setting up the permanent LNG bunkering station for barges.
Despite the fact that forty-seven countries have now ratified the Ballast Water Management (BWM) Convention with Morocco and Ghana bringing the convention ever closer to entry into force, the question still remains on whether the requirement for parties to hold 35% of the world’s tonnage has been me
Japanese utility, Tokyo Electric Power (Tepco) informed its LNG imports in November were at 1.72 million tons, not changing compared to the same month in 2014.
French oil major Total has reportedly been fined for a gas leak that occurred on its Elgin platform, in the UK North Sea, back in 2012. Offshore Energy Today recently reported that Total was due to appear in court as it had been charged for the Elgin gas leak under offshore installations regulations
Energy industry consultancy, Douglas-Westwood (DW), predicts that the trend of growing capital expenditure (Capex) on LNG facilities will continue, reaching US$241 billion between 2016 and 2020.
The Panama Canal Authority (ACP) has announced that the long-awaited expansion project of the canal has reached 96 percent completion. According to ACP CEO/Administrator Jorge L. Quijano, reinforcements of cracked locks detected in August this year are scheduled to be completed mid-January 2016, as
Malaysia’s SapuraKencana posted a rise in its revenue for third quarter 2015 of RM 2.9 billion ($674 million), up from RM 2.4 billion ($557.7 million) a year ago. The company’s net profit was around RM 130 million ($30.2 million), down from 348 million a year ago ($80.86 million). Shahril Shamsuddin
