Top News of the Week, 30 April – 06 May
Top News of the Week, 30 April – 06 May
Oslo-listed company Noreco has lost its case against insurers related to the financial claim sought due to the damage to the Siri platform in the Danish North Sea, discovered in 2009. Noreco was in 2016, with its partners, awarded damages of $470 million, including interest, of which Noreco itself w
Monaco-based LNG shipper GasLog’s profit in the first quarter more than doubled during the first quarter of 2018 compared to the first quarter of 2017.
US LNG export player Cheniere reported a jump in its quarterly net income and revenue as production continued to rise at its Sabine Pass facility in Louisiana. Cheniere posted net income of $357 million, or $1.52 per share, compared to net income of $54 million, or $0.23 per share for the comparable
The Offshore Energy Opening Gala Dinner & Awards show will be back on Monday 22 October. Prior to the opening of the exhibition floor on 23 and 24 October. The event will be taking place at the National Maritime Museum (Scheepvaartmuseum) in Amsterdam and includes not only a dinner and entertainment
Spirit Energy has received consent from the PSA for manned underwater operations in the North Sea.
Greek state-run DEPA signed a deal with the compatriot utility Gastrade to participate in the market test to be carried out in the coming months for the LNG terminal project in Northern Greece.
US energy giant ExxonMobil is reportedly moving forward with the Far East LNG project with its partner Rosneft, with a final investment decision planned for 2019.
Asian spot prices for liquefied natural gas (LNG) reportedly remained firm over the past week, supported by strong oil and coal markets. Asian LNG prices for delivery in June LNG-AS were at $8.1 per million British thermal units (mmBtu), up 15 cents from last week’s value and more than 15 percent ab
Bureau Veritas has awarded approval in principle for a new vessel concept design.
LNG carrier repair specialist Malaysia Marine and Heavy Engineering’s (MHB) pre-tax loss deepened in the first quarter of 2018, despite early signs of pick up in upstream and offshore activities.
Australia’s Cooper Energy has obtained an offshore exploration permit located in the Gippsland Basin, offshore Victoria.
Finnish technology group Wärtsilä said that its €210 million ($250.4 million) acquisition of Transas, a global marine navigation company headquartered in the U.K., has been finalized.
