US oil and gas giant Chevron said Thursday it would slash its 2016 capital spending budget to $26.6 billion, down 24 percent as compared to the company’s capital and exploratory investment this year. Included in the 2016 program are $4.5 billion of planned expenditures by Chevron’s affiliates. Chevr
Ingeteam’s wind business unit today celebrates its 20th anniversary. The company manufactured its first power converter named INGECON ® WIND in 1995. Ingeteam said that, since then, it has commissioned more than 20,000 wind power converters, accounting for 30GW of installed wind power capacity world
Studies developed under the TEN-T Costa II East – Poseidon Med reveal that Adriatic ports of Koper, Trieste and Rijeka expect a 20,000-ton demand for LNG from 2030 onwards.
Canadian resource company, Teck, began using LNG as fuel for six haul trucks at its Fording River steelmaking coal operation in southeast B.C.
Klaipedos Nafta on Wednesday said it has cut the loan amount agreed with the Nordic Investment Bank in November 2014.
Teekay Corporation has on Wednesday named Alan Semple and Bill Utt as members of the company’s board of directors, effective immediately.
On 1 July the Dutch offshore wind farm Eneco Luchterduinen became fully operational. On 21 September this milestone will be celebrated with an official opening ceremony in IJmuiden, the port town from where the main construction activities have taken place and from where the wind farm will be mainta
Poland is to receive its first ever cargo of liquefied natural gas at the country’s import terminal in Świnoujście. The LNG will be used for the cool-down and commissioning process. The first cargo for commercial purposes is expected in the second quarter next year adding Poland to the club of LNG i
Search and rescue operation is ongoing for twenty-six workers that went missing in two separate offshore accidents in the Caspian Sea, offshore Azerbaijan. The first incident was reported earlier on Friday, December 4, when high waves washed down a living quarter on a platform at the Socar-run Oil R
Following the announcement that MHI Vestas Offshore Wind signed a 10-year contract with Esvagt for a service operation vessel (SOV), Turkish Cemre Shipyard reported that it signed a contract with Esvagt for the delivery of the Havyard-designed SOV. Havyard Design & Solutions will provide the Havyard
About 100 LNG carriers and between 4,000 and 5,200 mariners would be needed to transport the five U.S. facilities’ full capacity of LNG once the five are fully operational, according to the U.S. Government Accountability Office (GAO). The US Department of Energy (DOE) projects that in the next few y
Import cargo volume at the United States’ major retail container ports is expected to be essentially unchanged from last year this month as stores bring in the last round of merchandise for the holiday season, according to the monthly Global Port Tracker report released by the National Retail Federa
UK oil and gas giant BP has expanded its foothold in Egypt by acquiring an additional stake in the West Nile Delta (WND) project from Hamburg-based DEA Deutsche Erdoel AG. BP is the operator of the WND project in which it now owns 82.7% stake. In May 2015, DEA agreed with its joint venture partner i
Norway’s Statoil has reported that the Statfjord satellite fields, in the North Sea, are producing almost 50% more in 2015 than previously expected, and thus pass 10 000 barrels of oil equivalent on average per day in 2015. The Norwegian oil and gas company Statoil is the operator of the field with
