The maintenance period at the Queensland Curtis liquefied natural gas plant has been extended to October 30.
LNG engineer TechnipFMC saw its net profit sliced by 63 percent reporting a net income of $121 million for the third quarter compared to $327 million in the third quarter of 2016.
Norwegian energy giant and LNG operator Statoil on Thursday reported a wider third-quarter loss despite higher oil and gas prices, after booking a number of impairment charges. The company reported a loss for the third quarter of $478 million, compared with a year-earlier loss of $427 million. Accor
Increased consolidation among carriers driven by a continued oversupply of vessels could bring some order to the market, however, the recent mergers and mega alliances may lead to oligopolistic structures, UNCTAD warned in its latest report on maritime transport. “A slower demand than earlier projec
Teekay Offshore has taken delivery of the first Heritage Class shuttle tankers to be used to ship oil from Canada’s Atlantic Ocean offshore oil installations. The vessel Beothuk Spirit will be followed by Norse Spirit tanker slated for delivery in the first half of November 2017, followed by Dorset
Pieridae Energy completed its business combination with Pétrolia positioning itself to develop Canada’s only integrated LNG company.
Norwegian marine seismic player PGS recorded a decrease in revenue for the third quarter of 2017. Revenue fell by $16.5 million, or 7%, compared to $224.1 million Q3 2016. PGS posted a net loss of $189 million, compared to a loss of 29 million a year ago. According to PGS, the revenue decrease is ma
Doha-based Qatar Navigation (Milaha) reported a decline in net profit during the first nine months of the year.
Origin Energy said on Thursday it has bought more gas for domestic markets from the Australia Pacific LNG plant it operates with ConocoPhillips. This is another domestic deal from the east coast LNG producers including Australia Pacific LNG following pressure from the government to help ease domesti
UK oil and gas company EnQuest will enhance its cash liquidity position by $100 million through two deals announced on Thursday. Namely, the oil company has executed a $37.25 million refinancing for its Malaysian Tanjong Baram project as well as an $80 million crude oil prepayment transaction with M
French seismic acquisition specialist CGG has been awarded a contract for onshore and offshore survey in Ivory Coast. Under the contract with Ivory Coast’s Direction Générale des Hydrocarbures (DGH) and PETROCI, the national oil company, CGG will acquire, a multi-client program of gravity, gravity g
Fugro has teamed up with Amplified Geochemical Imaging (AGI) to acquire offshore hydrocarbon seep data in advance of Canada’s 2018 east coast bid round. Bathymetry, backscatter and water column anomaly data will be collected to pull together a comprehensive picture of surficial geological features,
A new insurance solution has been launched by the Swedish Club providing upfront cover for the uninsured losses that are expected to be recovered from a third party following a collision. Following a serious incident at sea, shipowners can find themselves struggling to maintain cash flow, despite ha
Russian LNG export project developer, Novatek reported a 3.4 percent increase in its profit in the third-quarter of this year as compared to the same period the year before. Profit attributable to Novatek shareholders increased to 37.7 billion roubles ($654.8 million), the company said on Wednesday.
