Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd., and its project partner SAPETRO have received notice of a Presidential Decree signed by the President of the Republic of Guinea. The decree is implementing the third amendment to its Production Sharing Contract that was signed on April 12
Europa Oil & Gas, a UK and Ireland focused exploration, development and production company, has received consent from the Irish Government for the transfer of 70 percent interest in and operatorship of Licensing Option 16/19 to Cairn Energy. Europa O&G said on Wednesday that the interest and operato
Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point mark on 27 March 2017, BIMCO expects the sector’s fully-fledged recovery to start taking shape in 2018 and 2019. The BDI going up brought earnings into profitable levels for a couple o
Hiranandani Group’s H-Energy signed an agreement with the French LNG player Engie to charter the FSRU GDF Suez Cape Ann.
The Department of Energy has granted an approval for Qatar Petroleum’s Golden Pass project to export liquefied natural gas (LNG) to countries that do not have a free trade agreement with the United States. Golden Pass has been authorized to export LNG up to the equivalent of 2.21 billion cubic feet
By Dmitry Zhdannikov LONDON (Reuters) – A new pipeline from Russia’s Arctic fields to Germany will boost Moscow’s share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said. Chief Execut
Another crewmember died following an explosion aboard the Marshall Islands-flagged bulk carrier Tamar on April 24, bringing the death toll to two sailors, according to the United Stated Coast Guard. Two more sailors suffered massive burns and are in need of immediate medical attention, the captain o
Italian companies Decal and San Marco Petroli have unveiled plans to build a liquefied natural gas (LNG) storage terminal in Porto Marghera, Venice. The duo said in a statement issued last week that they have completed the feasibility study for the construction of the LNG terminal able to receive fe
Norwegian offshore vessel specialist DOF Subsea has taken full control of Canadian Subsea Shipping Company AS. According to a filing on the Oslo Stock Exchange on Monday afternoon, DOF has bought the remaining shares in Canadian Subsea Shipping. DOF, providing survey, remote intervention and diving
Wagenborg Shipping, a subsidiary of international transport specialist Royal Wagenborg, has reportedly sold one of its offshore supply vessels (OSVs) to an undisclosed buyer. According to information provided by VesselsValue, a website providing intel on the offshore and shipping world, the company
Doha-based Qatar Navigation (Milaha) reported a 33 percent drop in its net profit for the first three months of 2017.
Amec Foster Wheeler, a UK engineering and construction giant, doesn’t expect to see improvement in the oil & gas part of its business in 2017. The company’s revenue in 2016 was £5,44 billion, in line with £5.45 billion reported in 2015. Loss before tax deepened to £542 million, compared to £235 mill
The US Jacksonville Port Authority (JAXPORT) recorded a 13 percent growth in Asian container shipments during the first six months of fiscal year 2017, compared to the same period a year earlier. From October 2016 to March 2017, JAXPORT moved 178,249 TEUs, against 157,689 TEUs seen in the same perio
Norway’s shipowner Havila Shipping has reportedly sold one of its anchor handling tug and supply (AHTS) vessels to an unnamed Vietnamese buyer. According to information provided by VesselsValue, the vessel in question is Havila’s POSH Venture. The vessel, along with the 2008-built POSH Viking, POSH
