Daily Archives: May 5, 2016

U.S.-EU Energy Council discusses energy security, LNG

By LNG World News The United States-European Union Energy Council met on Wednesday in Washington discussing energy security in Europe and the United States. Among topics discussed by delegations was third-party access to gas transmission and storage facilities, access to LNG, as well as energy efficiency measures, that will be critical to meeting the EU’s…

Centrica unveils surprise share sale to protect credit rating, dividend

By Offshore Energy Today.. By Karolin Schaps LONDON (Reuters) – Britain’s largest energy supplier Centrica announced a surprise share sale on Thursday to pay off debt, showing its determination to protect its credit rating after being hit hard by weak energy prices and tough retail market competition. The British Gas owner said it intended to…

TransCanada’s Coastal GasLink pipeline secures remaining BC permits

By LNG World News TransCanada Corporation said on Thursday it has received the last two of ten pipeline and facilities permits required from the BC Oil and Gas Commission for the Coastal GasLink pipeline project. The project now has approval for construction and operation of the proposed pipeline and related facilities, according to TransCanada. “This…

Primeline enters second phase of exploration in East China Sea block

By Offshore Energy Today.. Primeline Energy has agreed with China National Offshore Oil Corp. (CNOOC) that it will enter the next and second phase of exploration commitment under the petroleum contract for Block 33/07, in the East China Sea. Block 33/07 is located about 390 kilometers of Shanghai in the East China Sea, with water…

LNG, methanol leading marine decarbonisation fuels, report says

By LNG World News A report by European Commission’s Joint Research Centre reveals that LNG as fuel, together with methanol, is the fuel best suited for the decarbonisation of the shipping sector. Alternative fuels have already entered the market with shipbuilders, engine manufacturers and classification societies introducing ships running on “cleaner” fuels. “Shipping is more…

Harkand enters into administration, over 170 jobs lost

By Offshore Energy Today.. Harkand Group, a provider of subsea capabilities and services to the energy industry, has entered into administration following losses as a result of a prolonged low oil price environment. Following several reports that Harkand Group was in administration, Offshore Energy Today has learned through the company’s answer machine message from the…