Swire Seabed has signed a contract with Siem Offshore for up to three years bareboat charter of Siem’s Light Construction Vessel (LCV) Siem Stingray, which will be re-named Seabed Stingray and used in the renewables, IMR, and construction support sectors.
Houston-based LNG engineer KBR on Tuesday reported third-quarter net income of $45 million, after reporting a $63 million loss in the same period a year ago. The company posted a net income of 32 cents per share with earnings, adjusted for non-recurring costs at 35 cents per share. Revenue in the qu
Japanese shipping company Kawasaki Kisen Kaisha (K Line) has posted a profit of JPY 13.1 billion (USD 116.8 million) in the first half of 2018 fiscal year, covering the period from April to September, 2017, recovering from a loss of JPY 50.4 billion from the previous fiscal year. The rebound was mos
LNG engineer Chicago Bridge & Iron (CB&I) reported net income of $10 million for the third quarter of 2017.
Klaipedos Nafta last week officially started up operations at its small-scale LNG reloading facility in the port of Klaipeda.
Origin Energy saw its revenue reach $678.6 million during the quarter ended September 30, on the back of higher Australia Pacific LNG output and higher realized prices.
The Maersk Forza subsea construction vessel, usually used for oil and gas activities, has been hired to help with recovery of a helicopter that went missing on Thursday, offshore Norway. According to Accident Investigation Board Norway (AIBN), on October 26, 2017 helicopter flight CVS312 was en-rout
Norwegian oil company Aker BP has secured additional bank financing for the previously announced acquisition of Hess Norge. The oil company said on Monday it had received an offer from a consortium of five banks for a $1.5 billion bank facility to finance the acquisition. To remind, U.S. energy comp
U.S. major ExxonMobil called it quits on a liquefied natural gas (LNG) import project in Pakistan, following differences with project partners.
Image Courtesy: Central Command for Maritime Emergencies Germany A Panamax bulk carrier ran aground in the German Bight, North Sea, in the morning hours of October 29 and all attempts to refloat the vessel have been unsuccessful so far, Central Command for Maritime Emergencies Germany (Havariekomman
Russian oil company Rosneft has reportedly suspended its license for oil and gas exploration in the Yuzhno-Chernomorsky block in the eastern part of the Black Sea due to the U.S. sanctions.
Image Courtesy: Port of Los Angeles A new world record has been set for a single vessel port call as a total of 24,846 TEUs was loaded off and back on the Maersk Evora at the Port of Los Angeles earlier this month, according to Danish shipping giant Maersk. The 13,492 TEU ship arrived at […]
San Diego-based energy company and LNG operator Sempra Energy reported third-quarter 2017 earnings of $57 million, compared with third-quarter 2016 earnings of $622 million.
Chevron’s Wheatstone liquefied natural gas (LNG) export project in Western Australia is expected to soon ship its first ever cargo of the chilled fuel. Chevron announced the commencement of production at Wheatstone on October 9, adding that the first cargo was scheduled for shipment in the coming we
