U.S. offshore drilling contractor Hercules Offshore has reported a deeper net loss and lower revenues for the third quarter of 2015 compared to those posted same time last year. The offshore drilling contractor posted on Thursday a net loss of $95.4 million, compared to a net loss of $88.6 million i
Italian oil company Eni has discovered more gas offshore Congo, in the prospect named Nkala Marine. The discovery, located in the Marine XII block, is expected to have a potential of 250-350 million barrels of oil equivalent in place, Eni said in a statement on Thursday. During the production test,
Norway’s Electromagnetic Geoservices ASA (EMGS) on Thursday recorded a net loss and reduced revenues for the third quarter of 2015 as opposed to the third quarter of 2014, due to negative effects of extraordinary costs related to its cost reduction program. EMGS’ revenues for the quarter amounted to
Chief Executive of the Maritime and Port Authority of Singapore Andrew Tan said that Asia is still behind other parts of the world when it comes to LNG bunkering, calling for global hub port cooperation.
LNG trucking business in the Netherlands seems to be enjoying the low LNG price environment as local companies are increasing truck loadings at the Gate terminal in Rotterdam. Rolande LNG and Titan LNG, both part of the Iveco Schouten Group said in a statement on Wednesday they loaded their 200th LN
Louisiana-based Keystone Engineering Inc. has been named the winner of this year’s Be Inspired Award for offshore innovation for its role in the Block Island Wind Farm. The award honors the work of organizations advancing infrastructure design, construction, and operations throughout the world. This
SeaBird Exploration, a provider of seismic services to the oil and gas industry, has tightened its net loss in the 3Q 2015 when compared to the same period last year, as the company focused on reducing costs and increasing financial flexibility. Namely, SeaBird reported a net loss of $1.7 million fo
The offshore wind industry sector is really setting the pace on the Humber and companies looking at this potential local supply chain are being encouraged to become involved. Green Port Hull offers these companies a programme of support that has been set up by two local government councils, the East
Paris-based gas and power company Engie posted a drop in its profits in the first nine months of this year due to lower oil and gas prices.
Prosafe, the owner and operator of semi-submersible accommodation vessels, has posted a drop in profit for the third quarter of 2015 when compared to the corresponding period last year. Namely, the company’s net profit equalled $53.2 million in the 3Q 2015, versus $67.4 million in 3Q 2014. However,
Team Humber Marine Alliance and Offshoreenergy.dk have signed a Memorandum of Understanding (MoU), aiming to develop closer offshore wind industry links between Denmark and the UK. The two business development organisations said they want to harness the potential of supply chain companies and wind f
Team Humber Marine Alliance and Offshoreenergy.dk have signed a Memorandum of Understanding (MoU), aiming to develop closer offshore wind industry links between Denmark and the UK. The two business development organisations said they want to harness the potential of supply chain companies and wind f
Teekay LNG, one of the world’s largest owners and operators of liquefied natural gas carriers, reported a distributable cash flow of $61.1 million in the third quarter, compared to $64.2 million in the same period of the prior year.
Maersk Line and Dutch technology company Philips have signed a five-year Carbon Pact agreement to cut carbon dioxide (CO2) emissions for every Philips container moved by Maersk’s boxships by 20%. The agreement integrates both companies’ ongoing commitments to reduce CO2 emissions within their value
