Daily Archives: April 24, 2017

Former BP CEO Tony Hayward retires as Genel chairman

Rate this article By _Offshore_Energy_Today_ Tony Hayward, former CEO of the oil major BP, is leaving his chairman position at Genel, an independent oil and gas exploration and production company. Genel said on Monday that Hayward would retire as a director and chairman of the company at the conclusion of the 2017 annual general meeting…

GasLog’s LNG newbuild floated out

Rate this article By LNG World News Image courtesy of GasLogMonaco-based LNG shipper GasLog on Monday said it’s latest newbuild has been floated out at the South Korean shipyard, Hyundai Heavy Industries. What the company calls “Hull 2800” is a liquefied natural gas carrier with the transport capacity of 174,000 cubic meters. It is the…

N. America boosts Halliburton’s 1Q result. Loss narrows

Rate this article By Offshore Energy Today Oilfield services titan Halliburton reported a rise in its first quarter 2017 revenue, when compared to the first quarter of 2016. Net loss also narrowed significantly. The company’s net loss was $32 million for the quarter, on a $4,28 billion in revenue. This time last year, Halliburton’s net…

Five energy majors to provide financing for Nord Stream 2 pipeline

Rate this article By Offshore Energy Today.. Shell and four European companies – Engie, OMV, Uniper and Wintershall – have signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and future operation of the Nord Stream 2 pipeline. The 1,220-kilometer pipeline will be able to transport a total capacity…

Nigeria LNG posts lowest annual revenue since 2009

Rate this article By LNG World News Image courtesy of Nigeria LNGNigeria LNG, the operator of the giant Bonny export plant, reported a 31% drop in its revenue in 2016 due to low oil and gas prices. Low crude prices, that fell more than halved from 2014, hit NLNG’s revenue as most of the company’s…

BP hires Fluor for offshore compression job in Trinidad

Rate this article By Offshore Energy Today Oil major BP has hired Fluor for the front-end engineering and design (FEED) for the Cassia compression project off the east coast of Trinidad and Tobago. Fluor said its scope included the design of a new offshore gas compression platform, new connecting bridge and modifications to the existing…

Baltic sea countries team up on LNG development

Rate this article By LNG World News Small-scale LNG reload at Lithuania’s LNG terminal (Image courtesy of Klaipedos Nafta)Baltic countries have joined forces in establishing a Baltic Sea region LNG cluster and a Competence Centre in Vilnius, aiming to enhance international cooperation in the field of liquefied natural gas (LNG). The LNG cluster will include…

Gaz Métro expands Montreal LNG plant’s production capacity

Rate this article By LNG World News Image courtesy of Gaz MétroGaz Métro said its unit Gaz Métro LNG completed the expansion project tripling the capacity of its Montréal natural gas liquefaction plant. The project increases the annual liquefaction capacity of Gaz Métro’s Montréal plant from 3 billion cubic feet to more than 9 billion…

Report: Trump set to sign executive order on offshore drilling

Rate this article By Offshore Energy Today U.S. President Donald Trump is set to sign a batch of executive orders by Friday, two of them focused on potentially opening more areas in the U.S. for offshore oil and gas exploration. This is according to Politico, which cited sources familiar with the U.S. administration’s plans. In…