Offshore
LNG production to double
Australia’s Woodside Petroleum expects global production of liquefied natural gas to comfortably more than double during the next decade, and believes the nation’s output could be as large as market leader Qatar’s within the same timeframe. ...
2009-05-04 07:06:50
Exmar takes a hit from LPG market weakness
Exmar reported lower operating results Thursday as it took a hit from weakness in the LPG carrier market. The Belgian gasship owner posted $9.2m, or $0.28 per share, in first-quarter earnings before interest and taxes (Ebit), a 33.8% drop from $13...
2009-05-01 07:38:36
Zeebrugge in a regasification move
Zeebrugge could become the first liquefied natural gas terminal in the world capable of accepting both conventional tonnage and the more novel regasification vessels following an agreement between gas shipping specialist Exmar and terminal operator F...
2009-05-01 07:27:34
Jurong Shipyard terminates rig deal
Sembcorp Marine's wholly-owned subsidiary, Jurong Shipyard Pte Ltd (JSPL), has completed the construction of the semi-submersible rig, Petrorig I. Petrorig I was ready for delivery to Petrorig I Pte Ltd, a wholly-owned subsidiary of PetroMENA ASA...
2009-04-30 11:44:15
Skeie jack-up rigs delayed
Skeie Drilling & Production (SKDP) has delayed the delivery of three jack-up rigs due to a downturn in the offshore market. The Norwegian company says the rigs will be delayed by four to six months under a deal agreed with builders KeppelFELS. “...
2009-04-30 07:51:40
LNG fleet overcapacity to bottom out this year
The oversupply of LNG vessels is set to bottom out this year and reduce significantly by 2012 as delayed liquefaction projects come onstream. The utilisation of the global LNG carrier fleet has dropped to between 60% and 65% as increasing numbers...
2009-04-30 07:43:05
China Shipping strengthens LNG business
China Shipping (Group) plans to restructure China Shipping Group Gas Investment to make the company a wholly-owned subsidiary of China Shipping Development as part of a wider plan to strengthen its liquefied natural gas business. Under the plan, the ...
2009-04-29 11:10:02
VLGC rates revival depends on Middle East
Owners of very large gas carriers are waiting for Middle East producers to increase liquefied petroleum gas exports in May to halt the latest slide in charter rates. Freight rates for VLGCs have dropped 20% since the middle of April to $4,000 per ...
2009-04-29 11:05:40
Tokyo Gas builds world’s largest LNG tank
Tokyo Gas has unveiled plans to construct the world’s largest liquefied natural gas storage tank at a cost of ¥20bn ($207m). Japan’s largest gas utility is investing heavily in the future of its LNG operations just weeks after disclosing t...
2009-04-29 11:00:13
Petrobras ‘Comfortable’ Starting
Petroleo Brasileiro SA, Brazil’s state-controlled oil company, is “comfortable” starting production at the country’s pre-salt oil fields at current oil prices, the refining unit head said. The “break-even” oil price for developing th...
2009-04-29 10:42:42
Start  Prev  801  802  803  804  805  806  807  808  809  810  Next  End