Daily Archives: November 14, 2016

Pakistan to build 1,200 MW LNG power plant

Rate this article By LNG World News The government of Pakistan, through the Private Power and Infrastructure Board invited bids for the development of a 1,200 MW LNG-fueled power plant at the existing Muzaffargarj thermal power station. The PPIB invited bids from interested private sector companies for the development of the project. According to the…

Iranian official: Total deal an icebreaker. More to come soon

Rate this article By Offshore Energy Today Last week’s contract with the French oil and gas giant Total could open Iran for more foreign investments, or at least that’s what the Middle Eastern country is hoping for. In an interview given to Financial Times, Iran’s deputy oil minister for international affairs Amir-Hossein Zamaninia said that…

DW: Non-OPEC NOCs best positioned for OPEC meeting outcome

Rate this article By _Offshore_Energy_Today_ The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing said Douglas-Westwood, an energy intelligence group, in its DW Monday report….

Caspian Marine Services buys two offshore vessels

Rate this article By _Offshore_Energy_Today_ Nordcapital Investment Gmbh, a shipping, real estate, private equity and energy investment group, has sold two platform supply vessels (PSVs) to the Azeri offshore marine support vessels operator Caspian Marine Services Ltd. According to information provided by VesselsValue, the vessels were sold for a price of $6 million each. The…

Jamaica eyes regional LNG hub status

Rate this article By LNG World News Jamaica could become a hub for the purchase and redistribution of LNG in the region, according to the country’s minister of science, energy and technology, Andrew Wheatley. Speaking at the commissioning of Jamaica Public Service (JPS)’s LNG-fueled Bogue 120-megawatt power plant in St. James on Friday, Wheatley said…

LNG Japan grabs insurance for Tangguh LNG expansion project

Rate this article By LNG World News Nippon Export and Investment Insurance said it will provide insurance for LNG Japan Corporation’s debt guarantees for the Tangguh LNG expansion project in Indonesia. Together with other Japanese partners, Japan LNG holds 46 percent interest in the project, NEXI said in its statement on Monday. About 25 percent…

Oil pinned near three-month lows as gloom grows over OPEC

Rate this article By _Offshore_Energy_Today_ By Amanda Cooper LONDON (Reuters) – Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U.S. presidential election has boosted…