A liquefied petroleum gas (LPG) tanker was boarded by armed pirates on Thursday, September 7, while underway off Malaysia. As informed by the IMB Piracy Reporting Centre, four persons armed with a gun and knives boarded the LPG carrier while the ship was sailing some 35 nautical miles south-south ea
Growing imports at the US major retail container ports set an all-time monthly record this summer, and 2017 is forecast to reach a new yearly record, according to the monthly Global Port Tracker report published by the National Retail Federation (NRF) and Hackett Associates. However, despite the rec
Baker Hughes, a GE company, secured a contract from Petrobel, a joint venture between a subsidiary of Italy’s Eni and the Egyptian General Petroleum Corp., for work on subsea production systems for the “supergiant” Zohr gas field. The contact is for the second phase of the Zohr gas field situated in
Baron Oil has terminated a farm-in agreement (FIA) with Union Oil & Gas Group (UOGG) for a working interest share in Block Z-34 offshore Peru. Baron said on Monday that the company took back its full 50 percent as a result of the termination. The initial FIA was supposed to increase UOGG’s stake to
Sydney-based Origin Energy, the holder of a 37.5 percent stake in the Australia Pacific LNG project, said it will buy out Benaris’ minority stake in the Otway gas project and exploration ventures for $190 million ahead of the divestment of its Lattice Energy business. Under the terms of the deal, Be
Ireland Reveals Big Offshore Wind Plans Ireland’s state owned electricity company Electricity Supply Board (ESB) is seeking expressions of interest for the provision of renewable energy marine services related to offshore wind farms. World’s First Offshore Wind Farm Disappears from Horizon (Video) D
DNV GL: natural gas to become world’s primary energy source by 2035 Natural gas will become the largest single source of energy from 2034, according to a report by the classification society, DNV GL. Western Australia bans hydraulic fracturing Western Australia, home to several giant liquefied natur
The most popular articles of the week.
Oslo-listed Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, denied a media report that it is planning to raise new equity. Norwegian business newspaper Finansavisen on Friday reported that Flex LNG is in the process of raising new
Russia and Korea are working to bolster their maritime ties, especially as they eye the benefits of shipping through the Northern Sea Route. As Russia strives to build up its own shipbuilding capacity, it turned to Korea for the construction of its gas carrying ships. A Korean company has received a
Russian oil company Rosneft has made plans to build an unspecified number of shuttle tankers to be used for oil transport from its Arctic fields. Namely, Rosneft, its subsidiary Rosnefteflot, and Zvezda Shipbuilding Complex have signed an agreement of intent that envisages placing orders with Zvezda
Japan Bank for International Cooperation (JBIC) is considering whether to provide financing for Novatek’s second LNG export project in the Russian Arctic. JBIC has already provided 200 million euros ($238 million) for Novatek’s giant Yamal LNG project, that is expected to be launched by the end of t
Norwegian oil major Statoil has received consent from the Petroleum Safety Authority (PSA) to change the emergency response vessel solution for the Norne field in the Norwegian Sea. Norne is an oil and gas field located around 80 kilometers north of Heidrun. The field has been developed using a floa
LNG Croatia, the state-owned company developing the liquefied natural gas import terminal on the island of Krk, has invited bidders to take part in the purchase of a FSRU and the construction of the terminal’s jetty and the connecting pipeline. Under the first tender, LNG Croatia invited companies t
