The large car and truck carrier (LCTC) Siem Cicero, only ten days old, briefly scraped the ground in the river Ems, northwestern Germany, in the early morning hours of July 13, the country’s water police informed. Before the incident, the Liberia-flagged vessel departed the Port of Emden and was en
Premier Oil, a London-listed oil and gas company, has reiterated its expected final investment decision date for the Tolmount gas field in the North Sea will be the first half of next year. The independent oil and gas producer and explorer said on Thursday that offshore and onshore FEED on the Premi
Novatek Gas & Power, a unit of Yamal LNG project developer Novatek, joined the Society for Gas as a Marine Fuel and the SEALNG association to help promote LNG as a marine fuel.
Liquefied natural gas (LNG) imports into South Korea, the world’s second-largest buyer of the fuel, rose by 39.6 percent in June year-on-year. The country imported 3.46 million mt of LNG in June as compared to 2.48 million mt in the corresponding month the year before, according to the customs data.
Tidewater, one of the world’s largest offshore vessel owners, has had its reorganization plan, which would eliminate $1.6 billion in debt, confirmed by the court. According to Tidewater, the United States Bankruptcy Court for the District of Delaware has confirmed the company’s reorganization plan a
The yearly average sulfur content of tested residual fuel oils increased to 2.58% in 2016, up by 0.13% from 2.45% in 2015, according to data provided by the International Bunker Industry Association (IBIA) to the International Maritime Organization (IMO). Of the 143,141 samples tested by four provid
Spot LNG market in Asia dropped to $5.4 per million British thermal units during this week, pressured by concerns of oversupply.
U.S. Secretary of the Interior Ryan Zinke on Thursday said Department would offer 75.9 million acres offshore Texas, Louisiana, Mississippi, Alabama, and Florida for oil and gas exploration and development. The region-wide lease sale scheduled for August 16, 2017 would include all available unleased
Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported more cargoes of the fuel in the week ending July 12 as compared to the week before. Four vessels with a combined LNG-carrying capacity of 15.2 Bcf departed Sabi
Negotiations between Bangladesh and Qatar on the long-term LNG supply contract has entered final stages with the importer eyeing lower volumes in favor of spot supplies.
The US Bureau of Ocean Energy Management (BOEM) has conditionally approved a Beaufort Sea exploration plan (EP) it received from the Italian oil major Eni. BOEM said on Wednesday that the approval came after a comprehensive review and consideration of comments received from the public, stakeholders,
Oregon State University has just received a grant of $121.88 million from the National Science Foundation to spearhead the construction of a new class of research vessels for the United States Academic Research Fleet. This grant will fund the construction of the first of three planned vessels approv
US-based energy giant and LNG player ExxonMobil has along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 offshore Suriname with state-owned Staatsolie Maatschappij Suriname. The block adds significant acreage to ExxonMobil’s operated portfolio in the Guyana-Sur
U.S. oil major Exxon Mobil has confirmed it has, with its partners Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname. To remind, Staatsolie informed of the upcoming signing of the PSC two weeks ago, bu
