Daily Archives: August 30, 2017

Golar LNG’s net loss deepens in second quarter

Rate this article By LNG World News Bermuda-based Golar LNG on Wednesday reported a net loss of $73.8 million for the second quarter of this year. The company’s operating revenues, however, shown a slight increase from $25.1 million in the first quarter to $28.4 million during the quarter under review. The shipping market remained relatively…

Israel’s Delek sees double in second quarter profit

Rate this article By Offshore Energy Today.. Israel’s energy company Delek Group more than doubled its profit in the second quarter of 2017 compared to the same period last year, owing to the exploration & production segment. In its financial report on Wednesday, the company said it had recorded net income for the second quarter…

Trinidad’s LNG production down 9 pct in H1

Rate this article By LNG World News An operator overlooks the Atlantic LNG facility in Point Fortin, Trinidad (Image courtesy of BP)Trinidad and Tobago’s liquefied natural gas (LNG) production declined almost 9 percent in the first half of this year due to ongoing gas supply shortfalls in the twin-island country. LNG production at Atlantic LNG’s…

Baker Hughes bags more Coral South FLNG work

Rate this article By Offshore Energy Today.. Baker Hughes, a GE company, has announced a second “major contract” for Eni’s Coral South FLNG development, offshore Mozambique. The company said on Wednesday that the contract was awarded in 2Q this year by a joint venture formed by TechnipFMC and JGC Corporation, the lead partner in a…

Kupfec doubles Gina Krog stake

Rate this article By Offshore Energy Today.. Kupfec’s subsidiary Kupfec Norway has reached agreement to acquire a 15% interest in the Gina Krog field in the North Sea off Norway from Total for a consideration of $317 million with effective date of January 1, 2017. Kupfec said on Wednesday that, at closing, it will add…

Nigeria to supply stranded industries by LNG tanker trucks

Rate this article By LNG World News Nigeria has stepped up its efforts to deliver natural gas to areas not connected to the national gas pipeline network by creating a virtual LNG pipeline. Under the gas sale and aggregation agreement (GSSA), the state-run NNPC together with Total and Gas Aggregation Company of Nigeria (GACN) will…

Baker Hughes secures another Coral South FLNG contract

Rate this article By LNG World News Eni’s Chief Executive Claudio Descalzi announcing the Coral South final investment decision (Image: Eni)Baker Hughes, a GE company, has won more work for Eni’s multi-billion Coral South FLNG development off Mozambique. The new contract was awarded by a joint venture formed by TechnipFMC and JGC Corporation, the lead…

Israeli gov’t approves Energean’s Karish & Tanin development plan

Rate this article By Offshore Energy Today.. Greek oil company Energean Oil & Gas has received approval from the Israeli Petroleum Commissioner for its Field Development Plan (FDP) for the development of the Karish and Tanin natural gas fields, offshore Israel. Energean’s subsidiary, Energean Israel, holds 100% of Karish and Tanin, which combined have 2.7…