Monaco-based owner and operator of liquefied natural gas (LNG) carriers, reported a third-quarter ended September 30, 2018 loss of $654,000, after reporting a profit in the same period a year earlier.The gas shipping company said that the Q3 results included $2…
Norwegian oil and gas firm Equinor has found more oil near its Johan Castberg field in the Arctic Barents Sea, the company said on Monday.The Skruis exploration well, drilled about 8 kilometers north of the original discovery, indicated a volume of 12-25 million recoverable barrels of oil…
Norwegian Sintef Ocean and ABB Marine will use two 30kW hydrogen fuel cells, set up in laboratory to model the operation and control of a complete marine power system in a megawatt-scale propulsion plant.'ABB and Sintef Ocean are undertaking…
Two Japanese companies have signed agreements to buy liquefied natural gas (LNG) cargoes from the LNG Canada project, Reuters reported.Toho Gas Co signed a basic agreement with a wholly-owned subsidiary of Mitsubishi Corp to buy up to four cargoes or about 0…
Norway expects its gas export price to fall by more than a quarter by 2021 as increasing global liquefied natural gas (LNG) supplies outstrip growth in European demand.Norway's 2019 fiscal budget on Monday showed it expects the average price for Norwegian gas to fall to 2…
A 50/50 joint venture (JV) between Maersk Drilling and Maersk Supply Service will provide decommissioning services to oil and gas operators. After decades of production, an increasing amount of offshore oil and gas fields are approaching the end of their economic life…
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