Daily Archives: May 5, 2020

W-Industries secures Mozambique LNG gig

Rate this article By Mirza Duran Houston-based W-Industries said it has won a contract for the Total-led $20 billion Mozambique liquefied natural gas export project. Image courtesy of Total The deal has been awarded by Total E&P Mozambique Area 1, a unit of the French energy giant. The contract includes engineering, manufacturing, integration, automation and…

Awilco LNG swings to Q1 profit

Rate this article By Adnan Bajic Norwegian LNG transportation provider Awilco returned to profit in the first quarter of the year. The company reported a $2.7 million profit for the quarter under review. This compares to a $4.7 million loss reported in the previous quarter. Freight income for the quarter was $14.0, down from $17.2…

Total’s profit slips as oil prices tumble

Rate this article By Nermina Kulovic Total recorded a 35 per cent decrease in its first quarter profit as oil prices tumbled during the period. The post Total’s profit slips as oil prices tumble appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Repsol hits two oil discoveries offshore Mexico

Rate this article By Nermina Kulovic Repsol has made two significant offshore oil discoveries in Mexico’s deepwater with its Polok-1 and Chinwol-1 exploration wells in Block 29 in the Salina Basin. The post Repsol hits two oil… … Read Full Article Here For more great articles: Offshore Energy Today

Sempra delays Port Arthur LNG FID to 2021

Rate this article By Adnan Bajic San Diego-based energy company and LNG operator Sempra Energy has pushed back its decision on the Port Arthur LNG project. Image courtesy of Sempra Energy To remind, in March this year, Sempra Energy tagged the contractor Bechtel for a turn-key EPC deal. As a result of the deal, Bechtel…

Shell sells U.S. shale gas assets

Rate this article By Mirza Duran The Hague-based LNG giant Shell has reached an agreement with U.S. firm National Fuel […] The post Shell sells U.S. shale gas assets appeared first on Offshore Energy. … Read Full Article Here For more great articles: Offshore Energy Today

Tellurian posts $40.7 million loss

Rate this article By Mirza Duran US LNG export project developer Tellurian saw net losses widen in the first quarter of this year to $40.7 million. This compares to a net loss of $34.1 million in the January-March period of 2019. Tellurian said that the widening of the company’s net loss was mainly due to…