Bangladesh is reportedly expected to sign a 15-year deal this month with Qatar’s RasGas to import liquefied natural gas (LNG) starting in 2018. The deal will be signed on September 25 in Qatar, Reuters reported on Wednesday citing Mohammad Quamruzzaman, managing director of the Rupantarita Prakritik
Finland’s Meyer Turku shipyard held a steel cutting ceremony on Wednesday for the first of two Costa Cruises ships to be powered by liquefied natural gas (LNG). The ship, named Costa Smeralda, will debut in October 2019 with a sister ship following in 2021. The vessels are a part of seven new ships
Australian oil and gas explorer Far Limited has denied allegations made in a news story recently published by Upstream, an oil and gas news source, related to an alleged dispute with the UK-based Cap Energy. Namely, Upstream recently reported on an alleged spat between Far and Cap over access to 3D
Sentiment among dry bulk ship owners seems to be at a new high as Baltic Dry Index (BDI) hit a 34-month record at 1,332 points, according to a weekly shipping report from Allied Shipping Research. The market increase that has seen some routes on the Capesize Index reach a three-year high has been dr
Oil and gas exploration company Bahamas Petroleum is looking to secure partners for its licenses offshore The Bahamas to secure funds for drilling an exploration well on the acreage. The company in in mid-July completed the raising of $3.5 million through a firm and conditional placing of 280,000,00
Port Canaveral has opened to commercial traffic following a clearance from the United States Coast Guard on Tuesday, September 12. Nevertheless, a restricted commercial vessel traffic is in place, allowing for the arrival of fuel supplies destined for Florida consumers, and receiving of cruise ships
The U.S. Energy Information Administration has revised its forecast for U.S. dry natural gas production and for Henry Hub prices this year. U.S. dry natural gas production was forecast to rise to 73.69 billion cubic feet per day (bcfd) in 2017 from 72.29 bcfd in 2016, according to the agency’s newes
A fire reportedly broke out at Atlantic LNG’s liquefaction facility in Point Fortin – Trinidad and Tobago’s only LNG export plant – on Tuesday, prompting a precautionary evacuation. Several local media have reported citing Atlantic LNG’s statement that the fire occurred at around 2:15 pm local time
The probable cause of the October 2015 sinking of the cargo ship El Faro in the Atlantic Ocean is set to be determined in December 2017, according to the National Transportation Safety Board (NTSB). The decision would be made at a meeting, scheduled to be held on December 12. In addition to determin
Scotland’s Energy Jobs Taskforce has held its final taskforce meeting and is set to transfer its responsibilities to the Oil & Gas Industry Leadership Group. Established by Scottish First Minister Nicola Sturgeon in January 2015, the Energy Jobs Taskforce fulfilled its mandate, which was to ensure a
Representatives of the British and Hong Kong maritime business sectors have signed an agreement to forge a closer working relationship. Under the Memorandum of Understanding, signed on September 12 during London International Shipping Week, Maritime London and the Hong Kong Maritime & Port Board (HK
Cheniere Energy Partners, a limited partnership formed by the US LNG export player Cheniere, increased the size of its previously announced offering of senior secured notes due 2025 to $1.5 billion. The notes will bear interest at a rate of 5.250% per annum and will mature on October 1, 2025, the co
Acta Marine has revealed the name of its newbuild Ulstein SX195 walk to work vessel being built at Crist shipyard in Poland. Acta Marine informed that the vessel will sail under the name Acta Auriga. Upon delivery the Acta Auriga will join Acta Orion, its semi-sister vessel, and as such form the sec
Global law firm Norton Rose Fulbright has advised S-OIL Corp, one of South Korea’s largest refiners, on a 15-year liquefied natural gas (LNG) supply contract with a unit of Malaysian state-owned energy giant Petronas. As part of the agreement, which was signed in August, S-OIL will buy 700,000 tonne
