Daily Archives: November 4, 2016

Report: GAIL bins LNG newbuilds tender again

By LNG World News India’s gas utility GAIL has reportedly once again canceled its multi-billion dollar tender seeking to hire nine LNG newbuilds to transport US liquefied natural gas to India starting in 2017. According to a report by India’s Financial Express, GAIL has canceled its tender as strict propositions seeking a number of LNG…

A glimmer of hope for Farstad Shipping?

By Offshore Energy Today Norwegian offshore vessel owner Farstad Shipping, looking at ways to weather the storm caused by low oil prices, might have found a solution in Siem Industries. Farstad, the owner of 57 offshore vessels, has been working on various options to enhance its financial position in order to enable long-term operations for…