Houston-based LNG player Cheniere reported on Friday a net loss of $297.8 million for the third quarter, compared to a net loss of $89.6 million in the same period in 2014. Cheniere posted revenue of $66.1 million in the third quarter, almost the same as in 2014. For the first nine months of this ye
DEME Group will organize a series of offshore wind supply chain events in the UK between November and December 2015. The company said it is aiming to facilitate collaboration with local companies, and will hold the events at 13 nationwide locations. With new projects and contracts in the pipeline fo
The ConocoPhillips-operated Australia Pacific LNG project is expected to produce its first LNG within the next month and ship the first cargo shortly after. According to Origin Energy, which has a 37.5 percent in the LNG project on Curtis Island, the upstream part was 99 percent complete while the d
VBMS has been awarded two contracts with a total value of approximately €200 million for the Galloper Offshore Wind Farm. VBMS has signed a contract for the export cabling scope in a consortium with nkt cables, for the supply and installation of two 45km long export cables, including route preparati
VBMS has been awarded two contracts with a total value of approximately €200 million for the Galloper Offshore Wind Farm. VBMS has signed a contract for the export cabling scope in a consortium with nkt cables, for the supply and installation of two 45km long export cables, including route preparati
The keel for Royal Caribbean International’s fourth Oasis class ship was officially laid at the STX shipyard in St. Nazaire, France, on October 29. The keel laying marks a milestone in the development of the ship, signifying the beginning of its physical construction. During the ceremony, a 1,000-to
The keel for Royal Caribbean International’s fourth Oasis class ship was officially laid at the STX shipyard in St. Nazaire, France, on October 29. The keel laying marks a milestone in the development of the ship, signifying the beginning of its physical construction. During the ceremony, a 1,000-to
UK-based LNG player BG Group said its third-quarter earnings of $280 million were down 63 percent when compared to 2014. Revenue and other operating income decreased 9 percent to $4.15 billion, reflecting a significant fall in realised sales prices impacting both the Upstream and LNG Shipping & Mark
The oil sector is slipping into the red after years of fat profits as the steep slump in oil prices shows little sign of ending, with this quarter shaping up to be the worst since the downturn started.
BG Group, a UK-based energy giant, has reported a net income of $280 million for the third quarter of 2015. This is a 63% drop from $759 million earned in the same quarter a year ago. Revenue and other operating income decreased 9% to $4.1 billion, reflecting a sharp fall in realised sales prices im
70 percent of the earth’s surface is covered by water, and still little is known about the treasures hidden in the deep sea. One of the first known deep sea minerals, polymetallic nodules, were first discovered in 1868 in the arctic ocean off Siberia. During the scientific expedition of the H.M.S. C
LNG shipping freight rates continue to be under pressure from weak Asian demand and a growing fleet, shipping consultancy Drewry said in a report. Shipowners are now pinning hopes on a revival in European demand. However, European LNG demand growth will not be sufficient to raise freight rates, acco
Centrica Energy Norway has awarded Aibel a frame agreement for Field Development projects on the Norwegian Continental Shelf. The duration of the agreement is five years plus options for an additional five years. All project phases are included in the agreement, from various study phases and pre-eng
The plunge in oil prices almost halved third-quarter profits at Texas-based energy giant ExxonMobil. The oil and gas company posted third-quarter earnings of $4.2 billion, down 47 percent as compared to $8.1 billion a year earlier. “We maintain a relentless focus on business fundamentals, including
