Subsea 7 S.A., a subsea engineering, construction and services company, has reported rise in Q1 2015 profits despite revenue drop. The company reported net income of $151 million in the Q1, 2015 in comparison with $131 million in Q1, 2014. Revenue for the quarter was $1.2 billion, a decrease of $487
The United States Federal Energy Regulatory Commission recently updated the summaries of existing, proposed, potential and approved U.S. LNG import and export terminal.
The United States Federal Energy Regulatory Commission recently updated the summaries of existing, proposed, potential and approved U.S. LNG import and export terminal.
The Energy Information Administration expects the United States to be a net natural gas exporter by 2017, EIA said in its recently released Annual Energy Outlook 2015. After 2017, natural gas trade is driven largely by the availability of natural gas resources and by world energy prices. Increased a
The Energy Information Administration expects the United States to be a net natural gas exporter by 2017, EIA said in its recently released Annual Energy Outlook 2015. After 2017, natural gas trade is driven largely by the availability of natural gas resources and by world energy prices. Increased a
Italian oil company Eni reported its adjusted net profit for the first quarter of 2015 was €0.65 billion, down 46% from the first quarter 2014, due to lower operating profit. The company’s adjusted operating profit was €1.57 billion which down by 55% from the first quarter of 2014, driven by sharply
NYC-based PIRA Energy Group reports that sizable volumes of new production capacity will be coming online in the next 12 months, but the ramp up on contracts tied to this capacity will lag behind by a considerable margin.
NYC-based PIRA Energy Group reports that sizable volumes of new production capacity will be coming online in the next 12 months, but the ramp up on contracts tied to this capacity will lag behind by a considerable margin.
Qatar’s Prime Minister Abdullah bin Nasser bin Khalifa Al Thani officially inaugurated the Jetty Boil-Off Gas Recovery (JBOG) project in Ras Laffan Industrial City on Tuesday. The US$1 billion JBOG project is part of the Common Facilities Projects at RLIC and it is led and operated by Qatargas on be
Qatar’s Prime Minister Abdullah bin Nasser bin Khalifa Al Thani officially inaugurated the Jetty Boil-Off Gas Recovery (JBOG) project in Ras Laffan Industrial City on Tuesday. The US$1 billion JBOG project is part of the Common Facilities Projects at RLIC and it is led and operated by Qatargas on be
India’s Hazira LNG import terminal, owned by Shell and Total, is reportedly planning to raise its capacity by 50 percent to 7.5 million tonnes per annum. The increase in Hazira LNG capacity from 5 to 7.5 million tonnes a year will become available at the end of year 2016/17, Reuters reported citing
India’s Hazira LNG import terminal, owned by Shell and Total, is reportedly planning to raise its capacity by 50 percent to 7.5 million tonnes per annum. The increase in Hazira LNG capacity from 5 to 7.5 million tonnes a year will become available at the end of year 2016/17, Reuters reported citing
The shipping industry voiced its disappointment by the European Parliament’s adoption of a regional EU Regulation on the Monitoring, Reporting and Verification (MRV) of individual ship emissions of CO2 on Tuesday. The International Chamber of Shipping (ICS), BIMCO and Intercargo said in a joint stat
The inauguration of IPP3, the world’s largest internal combustion engine (ICE) power plant, takes place today at the plant site near Amman, Jordan. The plant is powered by 38 Wärtsilä 50DF multi-fuel engines with a combined capacity of 573 MW. In recognition of its world record size, the plant has b
