By Naveen Thukral SINGAPORE (Reuters) – Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains. The benchmark for global oil market, Brent futures gained
Woodlands-based Anadarko, the developer of the giant Mozambique LNG project, narrowed its loss in the first quarter than a year ago, boosted by higher oil prices. Anadarko on Tuesday reported a net loss attributable to common stockholders of $318 million, or $0.58 per share, as compared to $1.03 bil
Vard has secured a contract for the design and construction of one research expedition vessel (REV) for Rosellinis Four-10. Rosellinis Four-10 is wholly-owned by the Norwegian industrialist Kjell Inge Røkke and his family. Developed by Vard Design in collaboration with the customer and the designer
French oil major Total is entering into the oil and gas exploration and production sector in Senegal with two agreements signed this week. The company and the Republic of Senegal have signed two agreements enabling Total “to contribute to the exploration activities in Senegal’s deep and ultra-deep o
Qatargas said it has delivered the commissioning cargo of liquefied natural gas (LNG) to China National Oil Corporation’s (CNOOC) Yuedong LNG terminal.
Shell’s Brent Delta platform topside has reached a UK yard where it will be decommissioned. To remind, the topside was lifted off its offshore location last week by Allseas’ Pioneering Spirit vessel, in an effort that has been described as the world record in lifting. The topside weighs around 24,00
Danish Maritime Authority (DMA) and German Federal Ministry of Transport and Digital Infrastructure (BMVI) signed a common agreement on safety standards for the transport of passengers in the Flensborg Fjord on April 28. The agreement defines the scope of safety standards to be met by passenger vess
US LNG export player NextDecade named Societe Generale and Macquarie Capital to act as joint financial advisors for the construction of its Rio Grande LNG and Rio Bravo Pipeline projects.
U.S. offshore vessel owner Harvey Gulf has expanded its offshore supply vessel fleet with another LNG-powered vessel. The M/V Harvey Freedom, built at Gulf Coast Shipyard Group in Gulfport, MS is 310’ x 64’ x 24.5’, U.S. Flagged Subchapter I and L, SOLAS compliant and capable of carrying 253,000 USG
Video Courtesy: Unimedien The video shows Princess Cruises’ Regal Princess with a new bow painting sailing on the river Elbe in Germany on April 28. From April 17 to 28, the cruise ship was at Blohm+Voss shipyard in Hamburg for retrofit. Following its drydocking, the Royal-class vessel left Hamburg
From 1 May 2017 it will be possible to send in nominations for the second edition of the Offshore Energy Awards, which will take place during the Offshore Energy Opening Gala Dinner. Nominations will be open for the following awards: Offshore Energy Young Engineer Award, Offshore Energy Public Outre
VIENNA (Reuters) – Volkswagen is in talks with Exxon Mobil Corp and Gazprom to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria’s ORF radio. Europe’s biggest carmaker is working on a shift towards electric cars and fuel-saving technologies as it
Total of France said it will acquire the Dutch LNG supplier and alternative fuel stations operator, PitPoint.
Finnish technology group Wärtsilä has been awarded certification of emissions compliance from the United States EPA for its 34DF dual-fuel engine family.
