Oil and gas giant Chevron said its second-quarter profit was at $571 million, down 90 percent as compared to 2014. Sales and other operating revenues in second quarter 2015 were $37 billion, compared to $56 billion in the year-ago period. “Second quarter financial results were weak, reflecting a cru
The U.S. Senate Energy Committee passed a bill aimed at lifting the ban on exporting domestic crude oil production. The bill was approved by a vote of 12-10 and is heading for the Senate floor after the August break. The bill contains provisions aimed at unlocking crude oil exports and further facil
The U.S. Senate Energy Committee passed a bill aimed at lifting the ban on exporting domestic crude oil production. The bill was approved by a vote of 12-10 and is heading for the Senate floor after the August break. The bill contains provisions aimed at unlocking crude oil exports and further facil
Following the commencement of Block Island offshore wind farm construction, the developer was struck by a hazard. Namely, one of the barges being used during the construction hit the installed jacket foundation making a dent in one of four legs, writes The Providence Journal. “This is the kind of th
Following the commencement of Block Island offshore wind farm construction, the developer was struck by a hazard. Namely, one of the barges being used during the construction hit the installed jacket foundation making a dent in one of four legs, writes The Providence Journal. “This is the kind of th
Total of France said its LNG sales in the second quarter of this year dropped 21 percent to 2.34 million tonnes, as compared to the same quarter in 2014. The company sold 5.11 million tonnes of LNG in the second half of 2015, a drop of 16 percent as compared to a year ago. Total’s […]
Total of France said its LNG sales in the second quarter of this year dropped 21 percent to 2.34 million tonnes, as compared to the same quarter in 2014. The company sold 5.11 million tonnes of LNG in the second half of 2015, a drop of 16 percent as compared to a year ago. Total’s […]
Singapore-based Cosco Corporation Limited, an investment holding company engaged in ship building, marine engineering and dry bulk shipping, reported USD 4.8 million net loss in the second quarter of 2015, due to a slide in shipyard and shipping revenues. Turnover from shipyard operations decreased
Singapore-based Cosco Corporation Limited, an investment holding company engaged in ship building, marine engineering and dry bulk shipping, reported USD 4.8 million net loss in the second quarter of 2015, due to a slide in shipyard and shipping revenues. Turnover from shipyard operations decreased
The Offshore Installations (Offshore Safety Directive) (Safety Case etc.) Regulations 2015 (SCR 2015) came into force on July 19, 2015. They are the UK’s response to the EU’s Offshore Directive which was adopted in June 2013. Britain’s Health and Safety Executive (HSE) published a new guide to help
Stena Line considers the European Commission’s tacit approval of public financing of the Fehmarn Belt fixed rail-road link between Denmark and Germany discriminatory and not in line with EU State aid rules. Consequently, Stena Line will await the publication of the full decision and consider to appe
Offshore WIND’s photo of the day: Westermeerwind wind farm components arrive in port of Amsterdam. SC Astrea, cargo ship, sailed from Esbjerg, Denmark on Monday carrying components for the installation at Westermeerwind. The vessel was loaded with towers, blades and hubs for the 144 MW project being
The Center for Liquefied Natural Gas (CLNG) commended the Senate Energy and Natural Resources Committee for supporting a provision in the proposed Energy Policy Modernization Act that will offer greater certainty to the United States’ natural gas industry. Under the terms of the legislation, the Dep
The Center for Liquefied Natural Gas (CLNG) commended the Senate Energy and Natural Resources Committee for supporting a provision in the proposed Energy Policy Modernization Act that will offer greater certainty to the United States’ natural gas industry. Under the terms of the legislation, the Dep
