Global liquefied natural gas (LNG) trade in 2016 reached a record 258 million tonnes – an increase of 5% from the year before, and the largest ever year for LNG trade, according to the International Gas Union. This increase is particularly noticeable when compared with the average 0.5% growth rate o
The Hague-based LNG giant Shell has entered into a deal to sell its liquefied petroleum gas (LPG) business in Hong Kong and Macau to DCC Energy. The conditional sale is worth about of $150.3 million. “This sale supports Shell’s strategic commitment to focus downstream activities on areas where we ca
Russian giant Gazprom has awarded an engineering, procurement and construction (EPC) contract to China Petroleum Engineering & Construction Corporation for the Amur gas processing plant.
Australian oil and gas explorer, Beach Energy, completed its four‐well Permian gas exploration and appraisal campaign in the ex PEL 106 and ex PEL 91 in the Cooper Basin, hitting gas at Mohakami-1 well.
Craig International has signed a five-year procurement contract for all Premier Oil’s maintenance and repair operations in the UK North Sea. The contract could be with worth up to £5 million. Jill MacDonald, joint managing director of Craig International, said: “We’ve built a strong relationship wit
Seaway Heavy Lifting (SHL) installed the first cluster of foundation piles at the Beatrice offshore wind farm site on 2 April, according to the Beatrice Offshore Wind Limited’s (BOWL) social media pages.
Blake International Rigs has secured a contract for its Blake Rig 651. The rig will mobilize to Energy XXI’s South Pass 77 “C” platform in the U.S. Gulf of Mexico. The initial contract term is for one well, which is scheduled to start in late April following a 30 day make ready period at Blake’s [&h
An explosion has occurred on board a vessel at Terem Shiprepair Yard in Varna, Bulgaria, according to a statement issued by Varna Municipality. The incident was reported on April 3, while the ship arrived at the shiprepair yard a day earlier. There were no injuries reported, Varna Municipality’s pre
Uljanik Plovidba, Croatian shipping company has set up Uljanik Plovidba LNG, a joint venture with the Cypriot ETCA Caspian Limited.
EU Naval Force (EU NAVFOR) has confirmed that an Indian-flagged cargo dhow was seized by suspected pirates on April 1 and is now in the vicinity of Hobyo, Somalia. “An EU Naval Force maritime patrol aircraft has confirmed the exact location of the dhow and has attempted to establish radio communicat
Finnish shipping company Containerships has secured funding for its liquefied natural gas (LNG) project by the European Union and the Nordic Environment Finance Corporation (NEFCO).
Jan De Nul’s heavy-lift jack up vessel Vole au vent will now be mobilised for work on the Tahkoluoto offshore wind farm in Finland, after completing turbine installation at the Nobelwind wind farm off the coast of Belgium.
Japan OTC Exchange, a unit of Tokyo Commodity Exchange, has launched the new liquefied natural gas (LNG) contracts on its new OTC trading platform. “The newly launched contracts include physical and cash settled swap contracts to be settled against the DES Japan/Korea Marker (JKM), assessed and publ
UK-based oil company Tullow Oil and the Australian oil company Pancontinental Oil & Gas don’t see eye to eye when it comes to a decision about drilling an exploration well in PEL 37 offshore Namibia. Tullow farmed into Pancontinental’s PEL 37 license in September 2013 taking 65% interest as well as
