By Mirza Duran U.S. energy regulators on Thursday approved construction and operation of Alaska Gasline Development Corp’s proposed $43.4 billion liquefied natural gas export project. Image courtesy of AGDC The Federal Energy Regulatory Commission granted a Section 3 Natural Gas Act authorization, with conditions, to the Alaska state-owned AGDC. The Alaska LNG project will consist…
By Mirza Duran South Korea’s Daewoo Shipbuilding & Marine Engineering (DSME) said Thursday it has won a contract to build a floating storage and regasification unit. Image courtesy of DSME DSME said in a regulatory filing it will build the LNG FSRU for a company based in Central America for 411 billion won ($340 million)….
By Nermina Kulovic International Maritime Industries (IMI) has cut the first steel on the first of two newbuild rig orders from ARO Drilling. The post First steel cut for ARO Drilling’s new jack-up rig appeared… … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic The Covid-19 pandemic and the price crisis it has brought upon the oil and gas sector have hit the profitability of exploration and production (E&P) companies hard. The post Royalty exemptions… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic Tulsa-headquartered Matrix Service Company’s unit Matrix Service secured an EPC deal for an LNG plant in the western United States. Courtesy of Matrix Service Company The engineering, procurement, and construction deal for the LNG facility was executed with a confidential utility, Matrix said in its statement. The facility includes an LNG storage…
By Nermina Kulovic Energean has completed near-shore operations for the Karish gas pipeline and is now ready for offshore installation. The post Energean set to lay Karish offshore pipeline appeared first on Offshore… … Read Full Article Here For more great articles: Offshore Energy Today
By Jasmina Ovcina Seven Japanese companies have joined forces with the goal of establishing new ocean shipping infrastructure services through various initiatives to develop, realize, and commercialize zero-emission electric vessels. The e5 Consortium is comprised of Asahi Tanker, Idemitsu Kosan, Exeno Yamamizu Corporation, Mitsui O.S.K. Lines, Tokio Marine & Nichido Fire Insurance, Tokyo Electric Power…
By Nermina Kulovic Halliburton has decided to cut its dividend amid uncertainties related to the duration of the market downturn. The post Halliburton cuts dividend due to market conditions appeared first on Offshore… … Read Full Article Here For more great articles: Offshore Energy Today
By Naida Hakirevic South Korean shipbuilding giant Hyundai Heavy Industries (HHI) Group has received an order for the construction of two 300,000-ton very large crude carriers (VLCCs). The post Hyundai Heavy secures… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic Teekay LNG Partners, one of the world’s largest owners of LNG carriers, reported a slump in profit for the first three months of the year. Courtesy of Teekay The company reported a $33 million net loss, down from $21.6 million profit in the first quarter of 2019. The results were impacted mostly…