South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, reported a 1.6 percent decrease in its natural gas sales in June year-on-year. Kogas said in a filing to the stock exchange on Tuesday it sold 1.93 million mt of LNG equivalent last month, as compared to 1.96 million mt in June
Australia’s Quadrant Energy has transferred operatorship of the Stag oil field, offshore Australia, to Jadestone Energy, formerly known as Mitra Energy. In addition, the registered title has passed to Jadestone from Quadrant and Santos, Jadestone said on Monday. The company previously completed its
DeepOcean has been awarded an EPCI contract for performing remote hyperbaric tie-in of the oil export pipeline on the Johan Sverdrup field in the North Sea. The award covers project management, engineering, procurement and installation of the 36 inch oil export spool and remote hyperbaric tie-in of
Flex LNG, the shipping company controlled by billionaire John Fredriksen, aims to move its listing up to the Oslo Børs main list. The LNG shipper said in a statement on Tuesday it had submitted an application to the Oslo Børs to transfer of listing of the company’s shares from the Oslo Axess board.
The first of the five gravity based foundations built at the Neptune dry dock in Newcastle by the Royal BAM Group for the 41.5MW Blyth Offshore Demonstrator Project has begun its journey down the River Tyne, EDF Energy Renewables said.
The first of the five gravity based foundations built at the Neptune dry dock in Newcastle by the Royal BAM Group for the 41.5MW Blyth Offshore Demonstrator Project has begun its journey down the River Tyne, EDF Energy Renewables said.
South California’s Port of Long Beach (POLB) recorded a 5.1 percent container volume increase in the first half of this year, compared to the same period of 2016. The port handled 3.5 million TEU during the six-month period. Of those, 1.8 million were inbound containers, a gain of 5.1 percent year-o
This year might be a turning point when it comes to the number of expected final investment decisions for upstream projects, according to Wood Mackenzie, an energy intelligence firm. According to a recent Wood Mackenzie report “A big year for FIDs: 2017 marks a turning point”, the number of upstream
The average price of spot LNG arriving in Japan during the month of June was at $5.6 per mmBtu, reaching a 10-month low.
Norwegian oil company Statoil on Saturday, July 8, 2017 installed the first of eight topside modules at the Mariner field, offshore the UK. The 10 000 tonne utility module was lifted into place by Saipem 7000. Seven more modules and a flare will be installed, building the more than 38 000 tonne heav
London-based Ophir Energy, the developer of the Fortuna FLNG project in Equatorial Guinea, said Monday its current chief operating officer William Higgs will be stepping down due to the company’s cost reduction measures. The company has no plans to appoint another chief operating officer or executiv
Norwegian oil company Statoil said on Tuesday it planned to recruit more than 50 skilled workers annually “in the years ahead.” Statoil said the move was to ensure that the company has the right competence and capacity on the Norwegian continental shelf. “We believe it will be possible to maintain p
Norway’s oil production in June 2017 was about 8 percent above the oil production in June last year, according to a report by the Norwegian Petroleum Directorate (NPD). The NPD’s production figures showed an average daily production of 1,884,000 barrels of oil, NGL and condensate, which is a decreas
July and August should be two of the busiest months ever seen for imports at US major retail container ports, possibly setting a new record, the latest Global Port Tracker report released by the US National Retail Federation and Hackett Associates says. The forecast is made as merchants enter the ba
