Oslo-based Höegh LNG said its third-quarter profit after tax was at US$2.5 million, down from US$6 million in the previous quarter. In the third quarter, Höegh LNG reported total income of $58.7 million, up from $54.6 million in the second quarter, and an EBITDA of $26.5 million up from $22.6 millio
Klaipedos Nafta informed on Monday that the National Commission for Energy Control and Prices adopted decisions on setting LNG terminal supplement tariff for 2016.
DNV GL on Monday delivered the study to Lysne Committee revealing cyber security vulnerabilities for companies operating offshore Norway.
Oil & Gas UK announced a number of appointments of member company representatives to its Board on November 30. The representative organisation for the UK offshore oil and gas industry appointed Elisabeth Proust, managing director of Total, to the Board as a representative of the operator community w
Tidal Energy Today has compiled the top news from tidal and wave energy industry from November 23 – 29, 2015. Eastern Scheldt tidal project starts producing power Tidal power plant in the Dutch Eastern Scheldt surge barrier consisting of 5 tidal turbines has been put into service. The official openi
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Iran targeting launch of five LNG projects Iran plans to increase its share in the global gas trade by launching five LNG projects over the next 3 years managing director of the National Iranian Gas Company (NIGC) Hamidreza Araqi said. KBR wins G2 LNG FEED contract KBR on Tuesday said it has been aw
Five crew members, including the captain, of a Polish cargo ship have been kidnapped by pirates off the coast of Nigeria, according to Polish Foreign Minister Witold Waszczykowski. “The rest of the crew, 11 people, are still on the ship and they are safe… The ship suffered some damages,” Waszczykows
Island Offshore, a Norway-based offshore shipowner, will lay up another platform supply vessel. At least it will, according to a Norwegian energy website, Offshore.no. The news website has cited Island Offshore’s CEO Håvard Ulstein who reportedly said that the PSV market has developed negatively dur
Olympic Ship AS, an owner and operator of offshore vessels based in Norway, has decided to lay up three of its vessels due to low rates. In its third quarter report on Friday, Olympic said it has laid up two of its anchor handling tug and supply (AHTS) vessels because of low rates and weak prospects
UK renewables and wind expert David Still lives in a country with huge onshore and offshore wind resource and additional major potential for exploiting waves and sea current energy. Still firmly believes in a sustainable future energy supply based upon renewables and provided as an essential public
BW Offshore’s Cidade de São Mateus FPSO, hit by an explosion offshore Brazil in February in which nine workers died, is still moored at the field, and the recovery project is still ongoing. This was revealed by the Norwegian FPSO owner this week in its quarterly update. According to BW Offshore’s th
No injuries were reported after two general cargo vessels, the Dutch-flagged Eendracht and the Gibraltar-flagged Transcapricorn, collided off Hamburg, in the Oste estuary, Elbe, Germany, in the early hours of November 26. Eendracht was on its way from Hamburg to Harlingen when it changed its course
Falling demand in Lithuania has urged the country to try and renegotiate its LNG deal with Statoil of Norway, according to Lietuvos Energija’s CEO Dalius Misiunas.
