By Offshore Energy Today Iran’s energy sector is attracting investments from around the world following the recent lifting of sanctions on crude oil exports. The Singapore-based firm Kim Heng Offshore & Marine on Friday said it signed a memorandum of understanding with the Iran Marine Fund to provide its technical expertise and financing to Iranian…
By Offshore Energy Today Oil prices fell by around one percent on Friday as a stronger dollar weighed and Russia warned that a global crude supply overhang could last into next year. Read Full Article Here For more great articles: Offshore Energy Today
By _Offshore_Energy_Today_ The UK Energy Bill introduced in July 2015 has received royal assent, marking the formal establishment of the Oil and Gas Authority (OGA). The Government said on Wednesday that the Energy Act is designed to help drive forward the government’s energy goals and commitments which further implies greater powers for the Oil and…
By LNG World News Oslo-based LNG shipping company Awilco LNG reported a first quarter freight income of US$8.9 million, down from $12.1 million in the same quarter the previous year. The freight income also dropped in comparison to the previous quarter when the company recorded an income of $9.6 million, the report issued on Friday…
By Offshore Energy Today Singapore’s driller KS Drilling has deferred a newbuild jack-up drilling rig delivery citing challenging drilling market conditions. The company on Thursday said that delivery of the rig built by Cosco Nantong in China, would be delayed from April 30, 2016 until December 31, 2017. This is not the first time the…
By LNG World News Japan’s price of spot liquefied natural gas cargoes arriving in April hit a new low reaching US$5.8 per mmBtu on DES basis. The priced dropped $1 per mmBtu during the previous month, Japan’s Ministry of Economy, Trade and Industry (METI) said in its latest report. This is the lowest price recorded…
By Offshore Energy Today Shell has shut production from its oil platform in the U.S. Gulf of Mexico offshore Louisiana following an oil leak. Federal regulator the Bureau of Safety and Environmental Enforcement (BSEE) on Thursday said it was responding to a two mile by thirteen mile sheen in the Gulf of Mexico, approximately 97…