The Government of Canada is moving forward on its plan to reach its domestic and international targets of protecting 5% of Canada’s marine and coastal areas by 2017 and 10% by 2020 to ensure a healthy environment and economy for current and future generations. The Parliamentary secretary to the mini
India and Japan have reportedly joined forces to set up a US$250 million LNG import terminal in Sri Lanka as a response to growing Chinese influence in the country.
U.S. Customs and Border Protection recently withdrew its proposed changes to the Jones Act that would have deemed foreign flagged vessels banned from operation in the U.S. waters. The Jones Act, passed in 1920, prevents foreign-flagged ships from shipping merchandise between points in the United Sta
Eni and Snam signed on Thursday a framework agreement for the development of compressed natural gas (CNG) and liquefied natural gas (LNG) fueling stations in Italy, as part of a wider set of initiatives to promote sustainable mobility. The duo aims at developing CNG and LNG plants within Eni’s natio
Italian oil giant Eni and Oman Oil Company S.A.O.C. (OOC) have finalized a memorandum of understanding (MoU) to explore oil and gas cooperation opportunities in the Middle Eastern country. Eni said on Thursday that the deal was signed in Milan by Isam bin Saud Al Zadjali, CEO of OOC, and Claudio Des
Venture Global LNG garnered $81.4 million, in its sixth round of equity investment to fund the development activities for its proposed LNG export facilities in Louisiana.
Statoil has sold its share in the International Petroleum Corporation for C$109 million. IPC is a recently formed company into which Swedish oil operator Lundin Petroleum spun off its non-Norwegian producing assets, as part of the company restructuring. Lundin then said it would distribute all of th
Mech-Tool Engineering, a Teesside based product manufacturer and supplier of fire, blast and radiant heat protection systems has delivered a contract for Statoil’s GBP 1.5 billion Dudgeon offshore wind farm project.
Almost 20 percent of piles for jacket foundations at the 588MW Beatrice offshore wind farm have been installed so far, Beatrice Offshore Windfarm Ltd (BOWL) reports.
Almost 20 percent of piles for jacket foundations at the 588MW Beatrice offshore wind farm have been installed so far, Beatrice Offshore Windfarm Ltd (BOWL) reports.
By Rania El Gamal, Ernest Scheyder and Alex Lawler VIENNA (Reuters) – OPEC decided on Thursday to extend cuts in oil output by nine months to March 2018, OPEC delegates said, as the producer group battles a global glut of crude after seeing prices halve and revenues drop sharply in the past three ye
The US is investing in deepening projects to allow for the arrival of ever bigger ships in its ports, according to the FY 2017 Work Plan released by the US Army Corps of Engineers (USACE) on May 24. Namely, Jacksonville Port will receive a total USD 17.5 million to begin construction of the deep dra
OPEC and several non-OPEC members are meeting on Thursday in Vienna to discuss further strategy on oil production. To remind, 13 OPEC members and 11 Non-Opec members (most notably Russia) in December last year agreed to cut oil output by 1.8 million barrels a day in order to stabilize oil prices. Th
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s Höegh LNG, reported a rise in its net income for the first three months of this year. In its quarterly report, the MLP said its net income for the first quarter reached $16.2 million, an increase of $17.2 million from net l
