Hibiscus Petroleum’s subsidiary has completed its acquisition of a 50% participating interest in the 2011 North Sabah PSC and the joint operating agreement in relation to the PSC.
Qatar Petroleum said that limits to foreign company ownership in the world leading LNG exporter’s energy sector, as well as shareholder ownership limits, have been increased.
Discussions between Dubai-based Gulf Navigation (GulfNav) and Singapore-based Atlantic Navigation for the sale of equity stake in Atlantic have come to naught.
Following successful sea trials, Multratug 32 was recently delivered to her owners Novatug, which will lease her to Multraship. Mutratug 32 is the first tug to be designed around the Carrousel system, taking full advantage of its dynamic towing point. Both Novatug and Multraship are divisions of the
Here are the most read stories of the past week.
Inpex pushes back Ichthys LNG start, again The production start on the Inpex-led Ichthys liquefied natural gas project (LNG) in Australia has been delayed once more. Arctic carrier Vladimir Rusanov loads its first Yamal LNG cargo The ice-breaking LNG carrier Vladimir Rusanov, jointly owned by MOL an
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An official keel laying ceremony for GeoSea’s vessel Orion was held today, marking the start of the construction of the next-generation offshore installation vessel that will feature a 5,000-tonne crane.
Policies put in place by the Trump administration have brought energy to the top of U.S. exports in the coming years, energy secretary Rick Perry said.
Belgium’s Exmar, the Nicolas Savery-led shipowner, reported a $28 million net profit for the year 2017, on IFRS, compared to $40.4 million in 2016.
European oil giants Statoil and Shell won four offshore blocks each in Brazil’s deep-water bid round held on Thursday.
Japan’s exploration and production giant Inpex is set to start pre-FEED work for the Abadi onshore LNG facility and the Masela Block in the Arafura Sea in Indonesia.
Revenues at Oman LNG, the operator of the country’s sole LNG export plant in Qalhat, increased 14 percent to $2.19 billion in 2017. This is the first time in four years that Oman LNG reported a rise in its yearly revenue when compared to the year before. The increase was partly attributed to additio
China Energy Reserve and Chemicals Group has tied up with Canada’s FortisBC to export liquefied natural gas (LNG) to China.
