Ampelmann has completed offshore trials of the first electrical trolley, named CargoLight, on the Esvagt Froude Service Operation Vessel (SOV), which is working for Siemens Wind Power at the Baltic 2 offshore wind farm in Germany.
France’s Engie and AES Corporation have agreed to form a joint venture to sell liquefied natural gas (LNG) to third parties in Central America. The joint venture will utilize the Costa Norte LNG terminal currently under construction in Colón, Panama, which is owned 50/50 by AES and Inversiones Bahía
The Hague-based LNG giant Shell’s units, Shell Energy Europe (SEE) and Shell LNG Marketing and Trading (SMLT) have named new leads for their businesses.
Woodside Chief Executive Peter Coleman said Friday that the company expects first liquefied natural gas (LNG) produced from its Browse field offshore Western Australia in the mid-2020s. Speaking at the company’s annual general meeting, Coleman confirmed that is more likely the natural gas from the B
The U.S. President Donald Trump last week signed a new executive order that asks for a review of the oil and gas drilling bans imposed by the Obama administration.
Malaysian LNG shipper, MISC reported a 9.3 percent rise in LNG revenue in the first quarter of FY2017, reaching RM746.5 million (US$172 million) from RM683 million in the corresponding quarter last year.
ABS, classification and technical services provider to the offshore industry, has approved Diamond Offshore’s new Floating Factory drillship design. ABS said that recent work on the Floating Factory drillship concept was an example of how the company worked with drilling contractors, in this case, a
Natural gas spot prices in the United States rose at most locations in the week ending May 3 with the Henry Hub price increasing 7¢ from last Wednesday. The Henry Hub spot price rose from $3.02/MMBtu last Wednesday to $3.09/MMBtu two days ago, according to the weekly report by the Energy Information
The ten OPEC members’ crude output stayed unchanged in April at 31.85 million barrels per day compared to March, according to an S&P Global Platts survey released today. OPEC is still showing high compliance with its production cut agreement, as increases in Angola and Nigeria were offset by decline
Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move to cut output.
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, widened its net loss in the first quarter of this year due to low activity of its vessels and lower spot rates. Awilco LNG’s net loss rose to $10.4 million in the first quarter, as compared to $4.6 million in the same quarter last yea
Perth-based Liquefied Natural Gas Limited said its Magnolia LNG project received the notice from the United States Federal Energy Regulatory Commission to start initial site preparations in the Port of Lake Charles, Louisiana.
Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report released by Vessels Value. When compared to April 2016, newbuilding orders have decreased by 27.6 percent. Out of 21 orders placed in April 2017, five were for bulkers and sixteen for
“You can say we are very, very good at constructing pipes”, states Jan Bruggenthijs, CEO of steel manufacturer Sif Group based in the Netherlands. The company manufactures foundations for the offshore wind and oil and gas industries.
