RenewableUK, the wind, wave and tidal energy trade association, says figures from the International Monetary Fund show that fossil fuels are still getting billions of pounds in subsidies every year from the UK Government while it is cutting financial support for renewable energy. The IMF figures inc
Monaco-based LNG shipper GasLog said its profit for the second quarter of this year rose to $16.7 million, as compared to $3.5 million in 2014. The company’s profit rose mainly due to “the increase in operating days and the increase in gain on swaps,” GasLog said on Thursday. Revenues were $104.4 mi
Monaco-based LNG shipper GasLog said its profit for the second quarter of this year rose to $16.7 million, as compared to $3.5 million in 2014. The company’s profit rose mainly due to “the increase in operating days and the increase in gain on swaps,” GasLog said on Thursday. Revenues were $104.4 mi
An offshore worker has died on the Shell-operated floating, production, storage and offloading (FPSO) vessel Anasuria in the North Sea. According to Herald Scotland, William Nichol, 61, fell ill Tuesday while working on the FPSO. Nichol was employed by IKM Testing UK Limited. Despite the best effort
Seismic explorer SeaBird Exploration has made a decision to stack the Munin Explorer survey vessel, pressing ahead with its cost cutting steps amid weak demand for seismic services caused by a drop in oil prices. Stacking of vessels or drilling rigs in the oil industry is a common thing when there i
Sustainable Marine Energy Ltd (SME) is looking to employ six new people in its Isle of Wight base and one in Orkney. “SME is recruiting suitably experienced, high calibre individuals who wish to be part of an ambitious and dynamic organisation,” the company said. SME is recruiting for the following
Hokkaido Gas has reportedly signed a deal to purchase about 100,000 tonnes of liquefied natural gas per annum between 2016 and 2018. According to a report by Reuters, the supply will be sourced from an undisclosed resource company that procures gas from multiple overseas gas fields. The non-binding
Hokkaido Gas has reportedly signed a deal to purchase about 100,000 tonnes of liquefied natural gas per annum between 2016 and 2018. According to a report by Reuters, the supply will be sourced from an undisclosed resource company that procures gas from multiple overseas gas fields. The non-binding
Mid-year trade report from the U.S. Commerce Department shows the oil and natural gas industry continues to drive U.S. economic gains in 2015, American Petroleum Institute’s (API) said in a statement Wednesday. API’s Chief Economist, John Felmy has said that such trend could accelerate under free tr
Klaipedos Nafta, the operator of Lithuania’s LNG terminal, said that it has earned EUR 5.4 million from gas sales from the terminal in the port of Klaipeda in July. This is equal to the one-twelfth of the sum of necessary LNG terminal operation costs and return on investments into LNG infrastructure
Klaipedos Nafta, the operator of Lithuania’s LNG terminal, said that it has earned EUR 5.4 million from gas sales from the terminal in the port of Klaipeda in July. This is equal to the one-twelfth of the sum of necessary LNG terminal operation costs and return on investments into LNG infrastructure
Anglo/Dutch oil giant Shell has reached an agreement to sell a batch of its North Sea oil fields to a pair of Malaysian oil and gas companies. The companies Ping Petroleum Limited and Hibiscus Petroleum Berhad will each acquire 50% of the entire interests of Shell UK Ltd, Shell EP Offshore Ventures
Clean Energy Fuels informed that its revenue dropped 11 percent $86.9 million in the second quarter of this year. Approximately $5.6 million of the decrease was the result of lower fuel prices which were driven by lower commodity costs in 2015 compared to 2014, the company said in a report. Gallons
Clean Energy Fuels informed that its revenue dropped 11 percent $86.9 million in the second quarter of this year. Approximately $5.6 million of the decrease was the result of lower fuel prices which were driven by lower commodity costs in 2015 compared to 2014, the company said in a report. Gallons
