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Excelerate Energy Commissions Bangladesh’s First LNG Import Terminal

Aug 23, 2018

Excelerate Energy Bangladesh completed the commissioning of its Moheshkhali Floating LNG (MLNG) terminal – Bangladesh’s first liquefied natural gas (LNG) import facility – signifying the official commencement of operations for the project.This…

Siccar Point Energy Confirms Cambo Well Test Success

Aug 23, 2018

Siccar Point Energy has successfully concluded well testing operations on the 204/10a-5 appraisal well in the Cambo field, north-west of Shetland.A vertical pilot hole was initially drilled confirming over 100ft of oil column and a higher than anticipated net pay of 58ft…

Kongsberg to help outfit Awilco Rig

Aug 23, 2018

Kongsberg Maritime has been selected by global offshore and marine group Keppel Offshore & Marine to provide an extensive and integrated technology delivery for a new semi-submersible drilling rig ordered by UK-based drilling contractor Awilco Drilling PLC…

Fire Breaks Out at Shell Chemical Plant in UK, Nearby Essar Refinery Unaffected

Aug 22, 2018

A fire which broke out at a Shell-owned chemical plant on the same site as Essar Oil UK's Stanlow refinery in northwestern England on Wednesday has been extinguished.Essar said that operations at its refinery were unaffected by the fire, the cause of which is currently unclear…

MMT Inks 10 New Contracts over 2 Months

Aug 22, 2018

Swedish based marine surveyor MMT has during the past two months received 10 new subsea survey and inspection projects within the offshore wind, renewable energy and oil and gas industries.MMT said the contracts, some of which are in joint collaboration with MMT’s Norwegian partner Reach Subsea…

Sinopec, Zhejiang to Build LNG Terminal in China

Aug 22, 2018

China's Sinopec Corp has teamed with Zhejiang Energy Group Co Ltd on a 3 million tonne-per-year liquefied natural gas (LNG) terminal in east China, with the first phase set for operation at end-2021, the state oil giant said on Wednesday.The project…

U.S. Sanctions Russian Firms, Vessels Over N. Korea Oil Transfers

Aug 21, 2018

The United States on Tuesday announced sanctions on two Russian shipping companies and six vessels it said were involved in the transfer of refined petroleum products to North Korean vessels in violation of U.N. restrictions.The U.S. Treasury…

Trump Administration Proposes Rolling Back Obama's Clean Power Plan

Aug 21, 2018

The Trump administration on Tuesday proposed replacing the Clean Power Plan, the centerpiece of former President Barack Obama's regulatory efforts to combat climate change.The proposal released by the Environmental Protection Agency is now open for a public comment period…

India's Small Renewables Firms Fighting Consolidation Wave

Aug 21, 2018

Small to mid-sized renewable energy companies in India are starting to look like attractive takeover targets as lenders and investors withhold funds, worried by the stiff competition, weak bond markets, low tariffs and high debt besetting the sector…

Bangladesh's First FSRU Starts Operations

Aug 20, 2018

Bangladesh started operations at the country's first liquefied natural gas (LNG) terminal on Saturday after ironing out teething issues related to technical problems and bad weather, two sources familiar with the matter told Reuters on Monday…

China Shifts to Iranian Tankers to Keep Oil Flowing Amid US Sanctions

Aug 20, 2018

Chinese buyers of Iranian oil are starting to shift their cargoes to vessels owned by National Iranian Tanker Co (NITC) for nearly all of their imports to keep supply flowing amid the re-imposition of economic sanctions by the United States…

ConocoPhillips Signs $2 Bln Settlement with PDVSA

Aug 20, 2018

U.S. oil producer ConocoPhillips said on Monday it has settled with Venezuela's state-run oil company, PDVSA, to recover about $2 billion in arbitration payment.The International Chamber of Commerce awarded ConocoPhillips that amount in April…

Stena Blue Sky Delivers First LNG Cargo in China

Aug 17, 2018

The LNG carrier Stena Blue Sky was historical when it delivered its cargo to the first privately-owned LNG terminal in China.Chinese gas distributor, ENN invited the LNG carrier to become the first vessel to unload at the new Xin’ao Terminal in Zhoushan…

Mitsubishi to Acquire 25% Take in Bangladesh LNG Terminal

Aug 17, 2018

Japan’s Mitsubishi Corp has agreed to take a 25% interest in Summit's Bangladesh LNG import terminal project - which will be the country's second such terminal.The other 75% of the Summit LNG terminal will remain with Summit Corp.Mitsubishi…

Seabed Geosolutions Wins GoM Extensions

Aug 16, 2018

Seabed Geosolutions, a joint venture between Fugro and CGG, has secured an extension to a recently awarded 4D ocean bottom node (OBN) seismic monitoring surveys over multiple oil and gas fields in the U.S. Gulf of Mexico.Seabed Geosolutions…

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