The recent oil spill off the Port of Fujairah was not the result of a ship-to-ship transfer.
GNL Quintero, the Chilean regasification facility, said it had loaded the 50,000th truck with liquefied natural gas (LNG) at its truck loading station. The truck loading station has been operating since 2011 and consists of four independent loading bays. Trucks deliver LNG to markets throughout the
Guy Platten is to take on the role of Secretary-General at the International Chamber of Shipping (ICS).
Once, and if built, the sister vessel will dwarf its older brother both in size and in lifting capacity.
UK-based Ineos is working to restart its Forties pipeline, which carries the North Sea oil and gas to shore, following an automatic shutdown.
French energy giant and LNG player Total reported a rise of 28 percent to $10.6 billion in its adjusted net income during the last year, boosted by higher oil and gas prices and an increase in production. For the fourth quarter, Total’s adjusted net income stood at $2.9 billion rising 19 percent on
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At some stage oil companies need to increase exploration efforts in order to meet the continued growth in demand
Australia’s Origin Energy, the owner of a 37.5 percent stake in the Australia Pacific LNG project, expects to book a post-tax impairment charge of A$533 million ($416.4 million) for its half-year results. The aggregate charge includes a non-cash writedown of A$360 million for the company’s Ironbark
Spanish LNG operator Gas Natural Fenosa reported a net profit of 1.36 billion euros ($1.67 bln) in 2017, a rise of 1 percent as compared to the year before, boosted by higher prices and demand. Earnings before interest, taxes, depreciation and amortization (EBITDA) reached 3.9 billion euros, down 16
Searcher Seismic has expanded its Argentinian multi-client library by offering over 97,000 km of seismic data.
Maersk Master, Maersk Supply Service’s first AHTS Starfish-class vessel, has been awarded the Vessel of the Year award.
The fall in oil price continued to impact the UK oilfield services (OFS) sector in 2016 with turnover falling by 15.5% but the future looks more positive as pressure from external factors ease, according to EY’s Review of the UK Oilfield services industry.
Tullow Oil, a London-listed oil and gas exploration and production company, narrowed its net loss for the year, posting a loss after tax of $189 million, compared to a loss after tax of $597 million in 2016.
