French oil major Total posted a hefty increase in its adjusted net income for the first quarter of 2017, when compared to the first quarter of 2016. Presenting its results on Thursday, Total said its 1Q adjusted net income was $2.6 billion, a 56 percent increase compared to $1.6 billion a year ago.
U.S. President Donald Trump has signed an executive order to review the previous administrations’ use of the Antiquities Act, that has, among others, locked large swaths of U.S. offshore areas for potential oil and gas exploration. Trump, who signed the executive order at the Department of Interior
MacGregor, part of Cargotec, is looking to sell the majority shares of Woodfield Systems the provider of marine loading arms for LNG transfer.
Russian energy giant Gazprom said Thursday its net profit rose 21 percent last year as it benefited from lower costs and a stronger rouble. Moscow-based Gazprom posted a net profit of 951.64 billion roubles ($16.7 billion) in 2016 as compared to 787.06 billion roubles the year before. Gazprom said i
French gas and oil giant Total reported a 56 percent jump in its adjusted net income during the first three months of 2017.
Yinson Clover (YCL) has secured a contract with Talisman Vietnam (TLV) for the supply, operation and maintenance of a floating production storage and offloading (FPSO) vessel for Ca Rong Do field in the Block 07/03 offshore Vietnam. The FPSO will be chartered on a time charter basis for a firm perio
Following an audit, the Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has issued a notice of order to Total to fix faults and deficiencies on the Martin Linge project ahead of platform’s departure from a shipyard. Total E&P Norge is the operator of the Martin Linge field,
The Australian government is planning to restrict liquefied natural gas (LNG) exports in case there is not enough gas supply to domestic markets. Australia is on its way to becoming the world’s largest exporter of the chilled fuel. The country has currently seven operating LNG export developments an
Belgium’s Exmar said that together with the Dutch terminal operator Vopak, it has decided not to pursue the FSRU business sale.
Panama Canal expects to see nearly doubling of liquefied natural gas (LNG) carrier transits through the waterway by 2020 driven by US exports of natural gas, the Panama Canal Administrator, Jorge L. Quijano, said at Sea Asia this week. “For the first time in canal history, we are handling LNG vessel
LNG-engineer Bechtel on Wednesday said its chief executive officer Brendan Bechtel has been unanimously named chairman of Bechtel Group (BGI).
After several weeks of maintenance, Shell has resumed production from its Bonga field offshore Nigeria. The oil giant confirmed this to Offshore Energy Today in an email on Wednesday, saying the planned turnaround maintenance has completed and the output from the offshore field has resumed. Shell sa
As of 3 April 2017, the idle container shipping fleet stood at 0.97 million TEU, according to Alphaliner’s data, totaling in 4.8 percent of the total fleet. The major plunge from close to 1.6 million TEU at the start of the year is evident across the boxship fleet sizes. Most significantly, the 3,00
ASX-listed oil and gas company Nido Petroleum has informed there has been a fatal accident in Labuan, Malaysia during supply operations related to the company’s Galoc field in the Palawan Basin offshore Philippines. Nido’s subsidiary Galoc Production Company (GPC) reported on Monday that the acciden
