By Mirza Duran Qatar’s Nakilat, the world’s largest LNG shipper, reported a 15.5 percent rise in first-half profit as it reduced administrative costs and purchased stakes in four vessels. Q-Max LNG carrier Mozah (Image: Nakilat) The Qatari LNG shipping giant posted a net profit of 550 million riyals ($151 million) compared to 476 million riyals…
By Nermina Kulovic The COVID-19 pandemic has stymied oil and gas activity, a phenomenon which has now affected the drilling market both in terms of wells drilled and in terms of related demand for drilling equipment…. … Read Full Article Here For more great articles: Offshore Energy Today
By Nermina Kulovic Australian energy giant Woodside saw its quarterly revenues drop despite record-high output in the second quarter of 2020 affected by low oil price environment. The post Woodside’s revenues… … Read Full Article Here For more great articles: Offshore Energy Today
By Bojan Lepic OPEC, Russia, and other oil producers are set to meet on Wednesday to decide on the oil output policy from August onward. The post All eyes on OPEC meeting with production cuts on the agenda… … Read Full Article Here For more great articles: Offshore Energy Today
By Adnan Bajic German logistics services provider Hoyer Group is expanding its liquefied natural gas (LNG) transport business footprint. Courtesy of Hoyer Group The market for alternative energies is growing rapidly worldwide. This trend has prompted the Hoyer Group to take the step further. The company noted in its statement that LNG also shows potential…
By Anela Dokso Aberdeen Renewable Energy Group (AREG) and OGUK have signed a reciprocal membership agreement to […] The post AREG and OGUK support industry efforts to achieve net zero emissions appeared… … Read Full Article Here For more great articles: Offshore Energy Today
By Adrijana Buljan The UK gas network operator SGN has launched a project that will be world-first to employ a direct supply of offshore wind power to produce green hydrogen energy for heating. The project will start with heating around 300 homes in Fife, Scotland, using clean gas produced by an electrolysis plant, powered by…
By Nermina Kulovic Caspian Sunrise has received regulatory and shareholder approvals for the acquisition of the Caspian Explorer drilling vessel. The post Kazakhstan player gets approval to take over Caspian Explorer… … Read Full Article Here For more great articles: Offshore Energy Today
By Mirza Duran BW LPG, a unit of the Singapore gas shipping giant BW, has sold its old carrier Berge Summit to an unidentified owner for continued trading. Image: BW LPG The LPG shipper says the sale would generate about $9 million in liquidity and an expected net book gain of $4 million. BW took…
By Bojan Lepic A total commitment of at least $151 billion from G20 governments in support of fossil fuels has been made available in their energy recovery policies, data from the Energy Policy Tracker shows. The… … Read Full Article Here For more great articles: Offshore Energy Today