Only one third of Africa’s pre-sanction oil and gas projects are economical at less than $50 per barrel ($/bbl), and only three projects are expected to be sanctioned in 2016, Wood Mackenzie says. The energy intelligence firm has said that greater collaboration with the service sector, increased foc
With 130 million tonnes per year of additional LNG supply set to reach the market over the next five years new local floors for spot prices will be tested, unlocking new demand and curtailing supply, with global pricing implications.
A typical working day for seamen consists of 14 long hours. Probably only because the International Labour Organization (ILO) decided this would be the maximum for seafarers, since the work on board never stops. Some decades ago, long working days were appointed as one of the main causes of high str
A typical working day for seamen consists of 14 long hours. Probably only because the International Labour Organization (ILO) decided this would be the maximum for seafarers, since the work on board never stops. Some decades ago, long working days were appointed as one of the main causes of high str
Damen’s shipyard Galati in Romania was the scene of the launching ceremony of the Maersk Connector on 23 July 2015. This shipyard’s history dates back to 1893 and since 1999 the yard has been part of the Damen Shipyards Group. Investments followed resulting in a modern shipyard able to construct ves
Damen’s shipyard Galati in Romania was the scene of the launching ceremony of the Maersk Connector on 23 July 2015. This shipyard’s history dates back to 1893 and since 1999 the yard has been part of the Damen Shipyards Group. Investments followed resulting in a modern shipyard able to construct ves
One person has died and three have been rescued following the collision of the Marshal Islands-flagged oil products tanker MT Elixir with a Nigerian self-propelled barge identified as MT Tank, some 65 nautical miles off the Nigerian coast. The three rescued crew members, of the total of at least 12
One person has died and three have been rescued following the collision of the Marshal Islands-flagged oil products tanker MT Elixir with a Nigerian self-propelled barge identified as MT Tank, some 65 nautical miles off the Nigerian coast. The three rescued crew members, of the total of at least 12
LNG player BG Group remains optimistic about the future of global LNG demand, despite the dramatic slump in oil and gas prices this year, BG’s CEO, Helge Lund said on Tuesday. “BG’s own forecast is for LNG volumes to grow between 4-6% on average each year to 2025. Most of this growth will come from
Based in Antwerp, Scaldis Salvage & Marine Contractors has just celebrated its 20th anniversary as an offshore marine contractor, specialising in transportation and installation works, civil constructions and salvage jobs. Since entering the offshore renewable market in 2007, there has been no looki
TransCanada Corporation said that it has received final permits from the BC Oil and Gas Commission, giving regulatory approval for the construction and operation of the Prince Rupert gas transmission pipeline project.
Leningrad Region authorities informed that the construction of a terminal for production and transhipment of LNG on the territory of the Vysotsk port will begin in February 2016.
Oil and gas giant BP reported a decline in its third-quarter profit due to lower oil and gas prices.
GE, an American multinational corporation, announced on Monday that it will invest up to $1 billion to support Indonesia’s economic growth, including investments in the oil and gas, power, and healthcare sectors. The announcement was made on the sidelines of a meeting between the President of the Re
