Brazilian oil giant Petrobras has signed a memorandum of understanding (MoU) with Royal Dutch Shell to establish a long-term mutual collaboration in developing pre-salt fields in Brazil. Petrobras said last Friday that the deal was signed with Shell Exploration Company (West) B.V., a subsidiary of R
Cheniere Energy Partners, a limited partnership formed by the US LNG export player Cheniere, intends to offer $1 billion principal amount of senior secured notes due 2025. The partnership intends to use the net proceeds from the offering to prepay a portion of the outstanding term loan indebtedness
As highlight of Hamburg Cruise Days 2017, the big cruise ship parade was held in the evening hours of September 9. The 2016-built AIDAprima, owned by German cruise line AIDA Cruises which is the premium partner of the event, led the parade. Six cruise ships including AIDAprima, Norwegian Jade, Europ
Chevron-led Angola LNG, the country’s only liquefied natural gas producer, has entered into a supply deal with German utility RWE’s trading subsidiary. This is the second deal this month for the LNG producer following the Vitol supply agreement last week. Under the new deal, Angola LNG cargoes will
Poland has received its twentieth cargo of liquefied natural gas at the country’s first LNG import terminal in Świnoujście. The cargo was delivered during the weekend onboard the 140,000-cbm LNG tanker Arctic Discoverer, Gaz-System, the operator of the Lech Kaczyński LNG terminal said in a statement
The Norwegian government’s state auditor, Riksrevisjonen or the Office of the Auditor General (OAG), has decided to conduct an investigation of the country’s offshore safety watchdog, the Petroleum Safety Authority (PSA). The Petroleum Safety Authority (Petroleumstilsynet) is a Norwegian government
Automation of shipping and ports has been dubbed as a “marketing rush” by the president of the Maritime Union of Australia (MUA) Paddy Crumlin, while speaking in Singapore last week. According to the MUA President, and its General Secretary Stephen Cotton, consequences of automation have not been ca
The Government of the United Kingdom is working to double the size of the UK Ship Register from 16 to 30 million gross tonnage after the country leaves the European Union. As explained, the move would propel the UK from 15th place into the top 10 global maritime nations. The flag of the UK’s Merchan
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Cruise line company Royal Carribean International has sent one of its cruise ships to Sint Maarten port, the Caribbean to take evacuees as part of the Hurricane Irma relief efforts, the US Government said. “In coordination with the US and local governments we are dispatching ships to St. Thomas and
Belgium’s Exmar, the Nicolas Savery-led shipowner has still not found an employment for its Caribbean FLNG currently located at the Wison Offshore & Marine’s yard in Nantong, China. The barge-based floating natural gas liquefaction and storage facility has been in lay-up at the yard since its delive
By DNV GL Project and financing models for decommissioning are moving up oil and gas operators’ agenda worldwide as ‘lower for longer’ oil prices raise questions about how long ageing assets can operate viably beyond their design lives. Large-scale decommissioning has so far featured in the Gulf of
Prices of spot LNG cargoes imported into Japan and contracted in August reached a five-month high, according to the data provided by Japan’s Ministry of Economy, Trade and Industry. The July contract-based price was at $5.8 per million British thermal units (mmBtu) as compared to $5.6 per mmBtu the
Oil and gas operators in the U.S. Gulf of Mexico continue to shut in operations and evacuate personnel from its offshore assets due to Hurricane Irma. Shell said on Friday that, as a precautionary measure, it had suspended some of its well operations and reduced staff at the eastern Gulf of Mexico a
