A record number of 650,000 passengers onboard 270 cruise ships is expected to visit Swedish Ports of Stockholm during 2017 cruise season. The forecast will result in 160,000 more guests and 40 more ships than in 2016 when the port welcomed a total of 490,000 passengers onboard 230 cruise vessels. Th
An analysis conducted by a North Sea operator has shown that unmanned aerial vehicle (UAV) inspections and surveys conducted by Cyberhawk Innovations are twenty times faster and half the cost of traditional inspection methods. According to Cyberhawk, the North Sea E&P company analyzed inspection dat
US-based energy giant and LNG player ExxonMobil said Friday first-quarter profit more than doubled on higher oil and gas prices and cost cutting. Net income surged to $4.01 billion, or 95 cents per share, from $1.81 billion, or 43 cents per share, in the year-ago quarter. Capital and exploration exp
South Korea, the world’s second-largest LNG importer, is to increase its domestic natural gas prices to reflect higher LNG import costs. The country will increase retail natural gas prices for households and industry by an average of 3.1 percent from May 1, the Ministry of Trade, Industry and Energy
Liquefied natural gas (LNG) throughput volumes in the UK’s Port of Milford Haven, home of the South Hook and the Dragon LNG terminal, dropped 26 percent in 2016 and the trend is continuing into this year. LNG volumes at the Port of Milford Haven, the largest port in Wales, were at 6,516,361 tonnes l
Singapore has launched its first bunkering standard for liquefied natural gas (LNG). The first Singapore Technical Reference (TR) 56 for LNG bunkering was launched on Friday by the Maritime and Port Authority of Singapore, SPRING Singapore and the Standards Development Organisation @ Singapore Chemi
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Pacific Oil & Gas (PO&G) signed a letter of intent with Guangzhou Gas Group and Guangzhou Port for the development of the Guangzhou LNG peak-shaving terminal joint venture.
Höegh LNG takes delivery of seventh FSRU Norway-based floating LNG giant Höegh LNG took delivery of its seventh floating storage and regasification unit (FSRU) from Hyundai Heavy Industries. Ichthys LNG’s CPF sets sail for Australia, production start revised Ichthys Explorer, the central processing
US energy major Chevron, reported a $2.8 billion income during the first three months of 2017, compared with a loss of $725 million in 2016.
By Karolin Schaps LONDON (Reuters) – Oil prices rebounded on Friday after dropping to a one-month low the previous day, prompting investors to buy at cheaper levels ahead of a May OPEC meeting at which producers could extend output cuts. Optimism is rising about the prospect of a year-long productio
The Joint Ministerial Monitoring Committee (JMMC) reported on Friday that OPEC and non-OPEC countries have continued their high level of conformity with their voluntary adjustments in production. JMMC’s statement was based on the report of the Joint OPEC-Non-OPEC Technical Committee (JTC) for the mo
Did you know 2017 will hail the tenth edition of Offshore Energy? This milestone will be celebrated in the run up to OEEC 2017 as well as during the event itself. The very first Offshore Energy took place in 2008 in the Hague, before moving to Den Helder and finally settling in Amsterdam. Over the [
Ichthys Explorer, the central processing facility (CPF) for the Inpex-led Ichthys LNG project sailed away from the Samsung Heavy Industries (SHI) yard in South Korea.
