OLT Offshore LNG Toscana closed its tender for the regasification and storage capacity at the FSRU terminal for June and July.
Danish oil company Maersk Oil has recorded a profit in the first quarter of 2017, stating higher oil prices as one of the main reasons. Maersk Oil said that the company’s underlying profit was $328 million opposed to a loss of $29 million for the 1Q 2016. This is understandable as an average oil pri
Caterpillar Marine unveiled a liquefied natural gas (LNG) test bed for gas-fuelled engines at its facility in Kiel.
Natural gas spot prices in the United States rose at most locations in the week ending May 10 with the Henry Hub price rising 2¢ from last Wednesday. The Henry Hub spot price rose from $3.09/MMBtu last Wednesday to $3.11/MMBtu two days ago, according to the weekly report by the Energy Information Ad
Brazil’s state-controlled oil and gas company Petrobras said Thursday its first-quarter liquefied natural gas (LNG) imports dropped by 78 percent year-on-year. LNG imports into Brazil stood at 16 Mbbl/d (thousand barrels per day) last year as compared to 74 Mbbl/d the year before, Petrobras said in
The average price of spot LNG for delivery into Japan that was contracted in April 2017 was at US$5.7 per mmBtu.
Clean Energy Fuels, the North American provider of LNG and CNG as a transportation fuel, named Frank Meyer as president of its Clean Energy Compression unit.
French energy company Engie has confirmed it has received an offer from Neptune Energy for its stake in its oil and gas exploration and production business. The confirmation follows an earlier report by Reuters which said the deal over Engie’s E&P business was imminent. Neptune, an investment firm e
Rising domestic natural gas production prompted Egypt to start talks with its LNG suppliers to cut down on contracted cargo deliveries.
‘Transformation through collaboration’ is the 2017 Offshore Energy theme which rings true even during the Opening Gala Dinner and Awards Show. Offshore Energy, together with IRO and NOGEPA, will act as host of this event. In doing so, they will promote and celebrate innovations and successes in the
By Alex Lawler LONDON (Reuters) – OPEC on Thursday sharply raised its forecast for oil supply from non-member countries in 2017 as higher prices encourage U.S. shale drillers to pump more, hampering OPEC efforts to clear a glut and support prices by cutting its output. In a monthly report, the Organ
The U.S. Customs and Border Protection has withdrawn its proposal to amend the Jones Act in a way that would have made a bulk of international offshore vessels banned from operating in the U.S. waters. The Jones Act, passed in 1920 prevents foreign-flagged ships from shipping merchandise between poi
Danish offshore shipowner Maersk Supply Service (MSS) has posted a deeper net loss for the first quarter of 2017 due to lower utilization and lower rates. The offshore vessel owner said in its financial report posted on Thursday that revenues decreased to $48 million in 1Q 2017 compared to $110 mill
The state-owned North-West Power Generation Company issued an invitation for pre-qualification for the engineering, procurement, construction and commissioning of a Rupsha 800 MW power plant.
