Russian gas giant Gazprom has signed a 700 million euro ($812.8 million) loan agreement with Italy’s Unicredit bank. The loan signed in November has a five-year maturity, Gazprom said in a statement on Thursday. It will be used for corporate purposes, Gazprom added without revealing any additional i
China Energy Investment Corporation could invest $83.7 billion in West Virginia’s shale gas and chemical manufacturing projects.
Abu Dhabi National Energy Company (Taqa) posted revenue of 4.17 billion dirhams ($1.13 billion) in the third quarter, almost flat compared to the third quarter of last year when it reported revenues of 4,19 billion dirhams ($1.14 billion.) The company’s revenue from oil and gas slightly fell to AED
Boskalis’ fallpipe vessel (FPV) Rockpiper is carrying out scour protection works at the Aberdeen Bay Offshore Wind Farm. According to a notice to mariners, Rockpiper will be working at the project site for three weeks and was scheduled to start on 28 October.
Houston-based energy giant and LNG player ConocoPhillips has set a plan to average annual capital expenditures of $5.5 billion, based on a price of $50 per barrel, for the 2018-2020 period.
Image Courtesy: ABP Southampton ABP Southampton welcomed the 20,568 TEU newbuilding Milan Maersk on November 7, the largest containership to visit this port. In 2016, the largest container vessel calling in Southampton had a capacity for 16,000 containers. So far this year, the terminal welcomed MOL
The Hague-based LNG giant Shell and Dutch shipping company Anthony Veder have signed a contract to modify the liquefied natural gas carrier Coral Methane into an LNG bunker vessel.
On Tuesday, 7 November, the 60th and final monopile built for the Arkona offshore wind farm was lowered into water at the port basin of EEW Special Pipe Constructions GmbH prior to being towed to the installation site some 35 kilometres northeast of the Rügen Island in the German Baltic Sea.
The container shipping industry will have to ride out a bumpy period amid an anticipated seasonal decline in volumes spilling into the first quarter of next year and growing supply of ships. According to BIMCO, handling this will be a recurring seasonal challenge. “Bearing in mind that freight rates
Honeywell said its Amine Guard technology has been removing carbon dioxide from natural gas onboard Petronas’ floating LNG facility, PFLNG Satu that was commissioned in April.
Brazilian oil company Petrobras is putting its deepwater offshore assets in Nigeria up for sale. In a teaser announced on Tuesday, the company said it was selling Petrobras Oil & Gas B.V., a subsidiary owning interest in two deepwater offshore blocks in Nigeria. The blocks contain the producing fiel
Another body of the crew of the sunken cargo ship Bilal Bal has been recovered, bringing the total body count to four, according to the Turkish Coast Guard. The authorities are continuing their search efforts for the remaining six seafarers who were reported missing after the 2,999 dwt ship sank on
The U.S. Energy Information Administration has reduced its forecast for Henry Hub natural gas spot prices this year. In its latest Short-Term Energy Outlook released on Tuesday, the agency said Henry Hub gas prices would average $3.01 per million British thermal units in 2017 and $3.10/MMBtu in 2018
Image Courtesy: Panama Canal Authority On November 7, the Caribbean Princess became the first cruise vessel of the 2017/2018 cruise season to transit the Expanded Panama Canal. As part of its roundtrip itinerary, the Caribbean Princess, operated by Princess Cruises, did a turnaround transit through
