By LNG World News International Gas Union’s 2016 World LNG Report released on Tuesday reveals the global liquefied natural gas industry is set to grow along with playing a key role in expanding access to natural gas in the world’s future energy mix. LNG trade in total reached 244.8 million tons in 2015, up 4.7…
By LNG World News Woodside’s CEO Peter Coleman said on Tuesday that future LNG developments need to be phased, more innovative, and potentially smaller in order for the LNG industry to grow to its full potential in the world’s future energy mix. “I think we need to be learning from our past, understanding the LNG…
By Offshore Energy Today National Oilwell Varco, a US-based provider of oilfield equipment and services, expects a drop in revenue in the first quarter, and will cut dividend to preserve cash, in response to market conditions “which continued to deteriorate through the first quarter of 2016.” Clay Williams, Chairman, President and CEO, said: “We believe…
By LNG World News The Port of Prince Rupert instructed protesters that set-up camp on the proposed Pacific NorthWest LNG plant site on Lelu Island to stop unauthorized occupation and construction activities in the area. In its statement on Monday, the port authority said it has “permitted neither occupation nor construction by the individuals who…
By Offshore Energy Today.. UK-based offshore drilling contractor Ensco has initiated arbitration proceedings against Brazilian oil company Petrobras and South Korean shipbuilder Samsung Heavy Industries in connection with a drilling contract for Ensco’s drillship DS-5. In January 2016, Petrobras cancelled its contract with Ensco for the drillship DS-5 over corruption charges. Petrobras asserted that the…
By Offshore Energy Today World Wildlife Fund Canada, the environment conservation organization, has taken legal action challenging validity of some Shell’s offshore exploration permits in Canada. WWF-Canada is aiming to have Shell’s Lancaster Sound oil and gas exploration permits declared expired. The conservation group claims that the permits issued more than four decades ago, are…
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By LNG World News The LNG industry needs to continue to innovate to drive down capital costs across the LNG value chain to make gas competitive with other sources of energy such as coal and renewables, Ben van Beurden, CEO of LNG giant Shell said on Tuesday. “The most important areas to focus are design…
By Offshore Energy Today.. Proserv, an energy services company, has been awarded a multi-million pound contract with Statoil for the provision of production control equipment in Norway. Proserv will supply five wellhead hydraulic power units (HPUs) for Statoil’s Gullfaks oil and gas field in the Norwegian sector of the North Sea which is undergoing an…
By Offshore Energy Today.. ABS, a provider of classification and technical services to the global offshore industry, has granted approval in principle (AIP) to a Hyundai Heavy Industries (HHI) floating liquefied natural gas (FLNG) hull design. Specifically conceptualized for near-shore operations, the vessel was designed with a length of 1,050 ft (320 m), a breadth…