Oil and gas service companies have fared better than expected in the first half of the year despite a weak market, thanks to deep-pocketed Middle Eastern customers and stringent cost cuts.
Latvia has reportedly shown interest in buying gas from LIthuania’s LNG terminal in Klaipeda if the price is right.
Lukoil said it has started supplying liquefied natural gas for towing vehicles used at Turkey’s Asyaport harbor.
BW Offshore is still working on assessing and rectifying the damage aboard the Cidade de Sao Mateus FPSO, which blew up in February, killing nine workers in the process. Months after the explosion, the damaged Floating Production Storage and Offloading unit has yet to be disconnected and moved to a
Höegh LNG Partners, a unit of Höegh LNG, reported a net income for the three months ended June 30 of $16.3 million, an increase of $23.6 million from a net loss of $7.3 million in 2014.
A boat carrying around 400 African migrants has reportedly sunk offshore Libya leaving around 200 people dead. As Reuters reports, the Libyan coast guard rescued around 201 people, and others are believed to be trapped in the cargo hold when the boat sunk. The authorities informed that the migrants
Around 200 people are missing and feared dead after an overcrowded boat carrying African migrants across the Mediterranean capsized off the coast of Libya on Thursday, Reuters reports. The boat was carrying around 400 people when it sank off the town of Zurawa, Reuters cited a Libyan security office
Around 200 people are missing and feared dead after an overcrowded boat carrying African migrants across the Mediterranean capsized off the coast of Libya on Thursday, Reuters reports. The boat was carrying around 400 people when it sank off the town of Zurawa, Reuters cited a Libyan security office
The United States Department of Energy issued an order granting Port Arthur LNG a long-term, multi-contract authorization to export liquefied natural gas.
Amec Foster Wheeler has won a three-year Integrated Services Contract (ISC) by Maersk Oil for work in the UK North Sea. The integrated services will start in September 2015 and will run for three years, with the potential for a further two-year extension. Amec Foster Wheeler did not disclose the val
China’s CIMC Raffles on Friday held a naming ceremony for an offshore gas compression unit it built for Coastal Contracts. The naming ceremony was held in Cimc Raffles Longkou Shipyard. The jack-up unit will now sail away to Mexico, where it will work on an eight-year contract for Pemex. The unit is
Lloyd’s Register said it has won a contract to class what it claims to be the world’s largest heavy lift crane vessel (NSCV) for the Netherlands-based Heerema Group. The semi-submersible vessel will be constructed at the newly opened Sembcorp ‘Mega yard’ in Singapore. The dual-fuel LNG and MGO vesse
Independent Oil and Gas plc (IOG), the North Sea focused oil and gas company, has informed that the Skipper and Blythe licences, both located in the UK North Sea, have been extended by the Oil and Gas Authority (OGA). In addition, Alpha Petroleum has agreed to extend the deadline for completion of t
French gas and oil giant Total has signed an agreement to sell all of its interests in the FUKA and SIRGE gas pipelines and the St. Fergus gas terminal to North Sea Midstream Partners for £585 million ($905 million). The Total-operated Frigg UK Pipeline (FUKA) is a 362-kilometer pipeline delivering
