China’s Shenzhen to become international LNG bunkering hub

By Mirza Duran China will build its first liquefied natural gas bunkering center for international vessels in the city of Shenzhen as part of a deal signed on Wednesday. The signing ceremony (Image: Yantian Port Group) The project is a joint effort that includes Yantian Port Group, state-owned energy giant PetroChina, and city gas supplier…

Green light to Ineos for Cavendish field decommissioning plan

By Bojan Lepic UK authorities have approved Ineos’ plan for the removal of the Cavendish platform and associated pipelines located in the UK southern North Sea. The post Green light to Ineos for Cavendish field… … Read Full Article Here For more great articles: Offshore Energy Today Comments comments

Gunvor trading volumes pushed by LNG

By Adnan Bajic Geneva-headquartered commodities trading house Gunvor reported a rise in trading volumes for the year 2019. The post Gunvor trading volumes pushed by LNG appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today Comments comments

Aker BP looking to decrease carbon footprint with new tech deal

By Bojan Lepic Norwegian oil and gas company Aker BP has signed an agreement with compatriot maritime tech company Yxney Maritime for a software solution which would assist with offshore carbon emission cuts. The… … Read Full Article Here For more great articles: Offshore Energy Today Comments comments

Gulf of Mexico operators evacuating workers ahead of storm

By Nermina Kulovic Gulf of Mexico operators are removing workers from its offshore assets and ramping down production due to an incoming tropical storm. The post Gulf of Mexico operators evacuating workers ahead of… … Read Full Article Here For more great articles: Offshore Energy Today Comments comments

Infrastrata acquires UK FSRU project

By Adnan Bajic The London Stock Exchange-listed InfraStrata, a company focused on the development of natural gas storage capacity, has pulled the trigger for the acquisition of Meridian Holdings. To remind, Meridian Holdings is proposing the development of a floating storage and regasification unit (FSRU) project in Barrow-in-Furness, northwest England. InfraStrata has now entered into…

Poland’s PGNiG profit hit by impairments

By Mirza Duran Poland’s dominant gas firm and LNG importer PGNiG reported a 29 per cent lower net profit in the first quarter, hit by impairments. Swinoujscie LNG terminal (Image: PGNiG) Quarterly net profit stood at 779 million Zlotys ($196m) when compared to 1.1 billion Zlotys in the January-March period last year. Revenue also declined…

Drones flying off into brighter offshore future

By Bojan Lepic With COVID-19 still a concern and climate change being a major talking point all around the world, drone operators and innovators are trying to test and push the limits of usefulness of drones in the… … Read Full Article Here For more great articles: Offshore Energy Today Comments comments