LNG equipment provider Chart Industries posted a third-quarter net income of $4.8 million, compared to $22.9 million for the third quarter of 2014. The company’s net sales for the third quarter decreased 10 percent to $264 million as compared to a year ago, Chart said in a statement on Thursday. “Ou
GTT, the French designer of LNG containment systems, informed it has launched a new boil-off gas (BOG) monitoring system, LNG Advisor. LNG Advisor will provide on-board crews and onshore teams with “real-time data” on the energy performance of the LNG ship, GTT said in a statement on Thursday. “The
Bass Strait Oil Company Limited has been given more time by the National Offshore Petroleum Titles Administrator (NOPTA) to mature the prospect before drilling its operated Vic/P41 permit, located in the Gippsland Basin, offshore Australia. The work program has been varied to delay the required dril
Italian oil company Eni has discovered more gas in the Abu Madi West licence, in the Nooros field, offshore Egypt. The company on Thursday said its well Nidoco NW3, the appraisal well of Nidoco NW 2 Dir discovery, encountered a 65 meters thick gas bearing sandstone layer of Messianian age with excel
Houston-based oil and gas giant ConocoPhillips reported on Thursday a third-quarter net loss of $1.1 billion, compared with third-quarter 2014 earnings of $2.7 billion.
Oceaneering International, Inc., a Houston-based subsea engineering company, has almost halved its third quarter 2015 profit when compared to the same period last year due to low demand. Namely, the company generated net income of $68.5 million in 3Q 2015, compared to $124 million in 3Q 2014. Furthe
The naming ceremony for the first of the two Damen Shoalbusters 3009 being built for SMIT Amandla Marine at Damen Shipyards Cape Town (DSCT), was held today. Jenny Coltman, Spouse of the Chairman of De Beers Group Services, named the vessel Aukwatowa. The Shoalbuster series of multi-purpose, shallow
The Cayman Islands Prime Minister Alden McLaughlin confirmed on Wednesday that his Cabinet has given the green light for a USD 150 million cruise berthing facility in George Town Harbour to allow for bigger cruise ships to visit the islands. “I am pleased to confirm that yesterday Cabinet formally a
The Cayman Islands Prime Minister Alden McLaughlin confirmed on Wednesday that his Cabinet has given the green light for a USD 150 million cruise berthing facility in George Town Harbour to allow for bigger cruise ships to visit the islands. “I am pleased to confirm that yesterday Cabinet formally a
U.S. oil company ConocoPhillips saw its 3Q profit swing to a $1.1 billion net loss, versus a gain of $2.7 billion a year ago. The company on Wednesday said it would reduce its capital investments further. The company’s result was affected by the termination of a rig contract for a Gulf of Mexico dee
KBR, a U.S. engineering firm, has won a contract for detailed design engineering and follow-on services of the topsides facilities for Maersk Oil’s Culzean project in the UK North Sea. The company has been hired by SMOE PTE LTD in Singapore for the job. Specifically, KBR will deliver the living quar
The Australian Government has provided the first look at Australia’s new icebreaker that will offer scientists an extended access to the Southern Ocean and Antarctica. The new, custom built icebreaker will be uniquely tailored to meet Australia’s needs. It will be faster, larger, stronger and offer
Construction is moving forward on the Novatek-operated Yamal LNG project in the Russian Arctic, LNG engineer Technip said on Thursday. The first pipe rack module for the initial LNG train was shipped and installed onto its foundations for the LNG project on Yamal Peninsula, while electrical substati
Over 70 organisations, including SMEs and research institutions, gathered in Glasgow earlier this week for the ‘Cross Catapult’ networking meeting. They learned about how they could benefit from Innovate UK’s drive to support innovation in high-growth industries, including offshore renewable energy,
