Daily Archives: January 12, 2017

Spain’s LNG imports rise over 61 pct in December

Rate this article By LNG World News Image courtesy of EnagásSpain’s imports of liquefied natural gas (LNG) in December rose over 61 percent compared to the same month in 2015. According to the data provided by the Spanish LNG terminal operator, Enagás, LNG imports reached 20.2 terawatt hours (TWh) in December 2016, as compared to…

Hess decides to spend more in 2017. Shelves Equus development

Rate this article By Offshore Energy Today.. Energy company Hess Corporation has increased its annual budget after two consecutive years of reducing it. The company also decided to postpone further development of Equus gas fields off Australia. Hess informed on Thursday that its 2017 E&P capital and exploratory budget will be $2.25 billion, compared to…

Eni ordered to reassess its Goliat plans

Rate this article By Offshore Energy Today Norway’s Petroleum Safety Authority has identified multiple breaches in regulations aboard the Eni-operated Goliat platform in the Barents Sea. The PSA Norway on Thursday released reports tackling different issues identified aboard the giant cylindrical FPSO and has ordered Eni to reassess the ways it manages the operations there….

ExxonMobil in second oil discovery offshore Guyana

Rate this article By Offshore Energy Today.. ExxonMobil on Thursday reported positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The company said that the Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza…

WoodMac: Egypt’s gas market faces more changes

Rate this article By LNG World News Egypt’s FSRU’s in the port of Ain Sokhna (Image courtesy of Höegh LNG)Egypt’s gas market would undergo significant change over the next five years, impacting global LNG market, according to a research by the natural resources consultancy WoodMackenzie. After five years of falling gas production and switching from…

Australia ups 2016-17 LNG export forecast to 52.4 million mt

Rate this article By LNG World News Pluto LNG loading jetty (Image: Woodside)The Australian government has raised its forecast for LNG exports for fiscal 2016-2017 to 52.4 million mt, according to the latest quarterly report by the Department of Industry, Innovation and Science. In its previous report named Resources and Energy Quarterly, the department said…

Aker Solutions slashes 650 jobs

Rate this article By Offshore Energy Today.. Norwegian oilfield services company Aker Solutions is reportedly reducing its workforce, mainly in the UK, Norway, and India. According to a report from BBC, the company’s employees have been told that 650 workers may be affected by this move, with around 100 affected in Aberdeen and London. A…