LNG supplier, Gasrec informed that it has delivered the first liquefied natural gas from the Isle of Grain terminal into the UK’s filling station network.
Encana Corporation’s unit, Encana Oil & Gas (USA), completed the sale of its Haynesville natural gas assets in northern Louisiana, to GEP Haynesville.
Malaysian oil and gas company Petronas reported a fall in its third quarter profit after tax to 1.4 billion ringgit ($319.5 million), impacted by the prolonged low oil price and the global supply glut. For comparison, the company’s profit in the corresponding period of 2014 was 15.1 billion ringgit
BigRoll Shipping, a heavy marine transportation provider based in the Netherlands, has informed that its vessel, the BigRoll Barentsz, has been launched in China. The BigRoll Barentsz is the first of four BigRoll Shipping’s MC Class vessels under construction. It was launched on October 27, 2015 at
The global fleet of containerships above 500 twenty-foot-equivalent units made idle has breached the 1 million TEU mark amid depressed containership market, according to Alphaliner. Just in the last two weeks, a total of 35 ships of 109,000 TEUs were made idle. The volume of idle capacity doubled si
A £2.5 million complex of offices and warehouses aiming to house offshore wind businesses has opened in Birkenhead, Wirral. Called the Lightbox, the site has been developed by Capital and Centric Plc, and funded with £895,000 from Wirral Council after they secured £5 million from the Government’s Re
Nord Stream AG informed on Thursday that the munitions object, found last week near Nord Stream Line 2 in the Baltic Sea, has been cleared and the gas pipeline has been reopened. According to Nord Stream, the operator of the pipeline carrying Russian gas to Europe trough the Baltic Sea, the Swedish
Norwegian shipbuilder and designer, Ulstein, informed that the ‘Island Venture’ offshore construction vessel has entered the final stage of sea trials. The final works will be completed when the vessel returns to the yard by the end of the week. According to the company, Island Venture is the larges
Norwegian offshore shipbuilder and designer Ulstein, is putting final touches on the Island Venture offshore construction vessel. According to Ulstein’s release on Thursday, the vessel has been tested at sea trial this week. The sea trial is now in the final stage and the Island Venture will return
KrisEnergy, an independent exploration and production company focused on Southeast Asia, has seen a profitable third quarter of 2015 on gains from assets transfer. According to KrisEnergy’s 3Q 2015 report, the company’s net profit for the quarter amounted to $9.4 million, as opposed to a $10 million
Woodlands-based Anadarko Petroleum informed on Wednesday that it has withdrawn its offer to acquire Apache Corporation.
Oil & Gas UK, a body representing offshore oil and gas companies in the UK, has this week published Business Sentiment Index for the third quarter of 2015. According to Oil & Gas UK, the report shows that while the UK oil and gas industry remains very concerned about the future, there has been a [&h
Spanish oil company Repsol reported a net loss for the third quarter of 2015, mainly hit by low oil prices. The oil firm, based in Madrid, saw its 3Q result dive to a net loss of 221 million euros, versus a net gain of 319 million euros a year ago. Adjusted net income was 159 […]
New York-listed Hoegh LNG Partners, a unit of Hoegh LNG, said on Wednesday it is planning to restate more than two years of financial reports as they should not be relied upon.
