Daily Archives: March 2, 2016

IADC-SPE: Safety, recruitment remain priorities in oil-price slump

The oil and gas industry needs to maintain a competent, well-trained workforce and emphasize safety to keep up the quality of current operations during the oil-price downturn, various speakers told the IADC/SPE Drilling Conference in Fort Worth on Mar. 1. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Gazprom completes first LNG bunkering at port of Rostock

By LNG World News Gazprom Germania, a German unit of Gazprom Export said on Wednesday it has completed the first LNG bunkering operation at the port of Rostock. The operation was carried out on February 27, when the Greenland, the LNG-powered cement carrier operated by the Norwegian shipping company KG Jebsen Cement, bunkered liquefied natural…

ExxonMobil cuts spending by 25 percent

By LNG World News Oil and gas giant ExxonMobil said Wednesday it will reduce capital spending by 25 percent in 2016. The Irving, Texas company plans to spend $23 billion this year. ExxonMobil in February posted a 58 percent drop in quarterly profit, and a 50 percent decline in 2015 earnings due to plunging oil…

SPT will be Exhibiting at PDAC 2016

Please come and join SPT, who will be celebrating its 20-year anniversary at this year’s PDAC with all industry friends and partners. Read Full Article Here For more great articles: Offshore Technology

Fluor closes acquisition of Stork

By LNG World News U.S. based LNG engineer Fluor on Tuesday said it has completed the acquisition of Stork, a Dutch industrial services company, from Arle Capital Partners. The deal is valued at €695 million ($755 million). Fluor said in its statement that Stork, along with Fluor’s current operations & maintenance organization, will be led…

GAIL delays LNG carrier tender again

By LNG World News India’s GAIL has again postponed the tender seeking to hire nine LNG carriers to carry U.S. liquefied natural gas starting in 2017. According to the tender documents GAIL has set the new date for bid submissions to March 31, 2016. Indian company re-floated its tender in September 2015, but has since…