Daily Archives: July 29, 2020

Novatek logs 40 percent plunge in quarterly profit

By Mirza Duran Russian independent LNG producer Novatek reported a 40 percent decline in its second-quarter profit due to the effects related to the Covid-19 pandemic. Image: Novatek Net profit reached 41.6 billion roubles ($572.8 million) in the April-June period, compared to 69.1 billion roubles last year. Revenues also dropped 34.1 percent to 143.9 billion…

Tullow delays Suriname well with rig hunt under way

By Nermina Kulovic Tullow Oil has postponed the drilling of its exploration well on a block located offshore Suriname. Meanwhile, Tullow is looking to hire a rig for the well. The post Tullow delays Suriname well… … Read Full Article Here For more great articles: Offshore Energy Today

Hess sinks deeper into the red

By Nermina Kulovic Hess sank deeper into the red during the second quarter of the year compared to the same period last year as its revenues dipped on lower oil and gas prices. The post Hess sinks deeper into the… … Read Full Article Here For more great articles: Offshore Energy Today

Ampelmann to support Ithaca’s project in North Sea

By Nermina Kulovic Ampelmann has secured a contract with Olympic Shipping to support topside commissioning work on Ithaca Energy’s FPF-1 offshore semi-submersible in the North Sea. The post Ampelmann to support… … Read Full Article Here For more great articles: Offshore Energy Today

Renergen completes Virginia gas plant design

By Adnan Bajic South African domestic natural gas and helium producer Renergen has completed the design of the Virginia gas plant. Courtesy of Renergen The company noted the design has been completed 22 days ahead of schedule the company noted in its statement. This achievement marks the completion of the fourth major milestone at the…

Gasum claims another LNG bunkering first

By Adnan Bajic The Nordic energy company Gasum has conducted the first truck-to-ship liquefied natural gas (LNG) bunkering operation in Germany. Courtesy of Gasum Gasum delivered LNG to the world’s first LNG-fueled research vessel ATAIR, the company said on Wednesday. ATAIR is currently under construction at Fassmer shipyard in Berne/Motzen in Germany. The vessel will…

Report: B.C. in the Canadian LNG industry limelight

By Adnan Bajic British Columbia’s liquefied natural gas (LNG) industry could be the stimulus the Canadian economy will need post-COVID-19. Courtesy of LNG Canada Liquefying and exporting natural gas offers an important diversification opportunity, especially when the traditional export market, the United States, is becoming increasingly self-sufficient, a report by the Conference Board of Canada…

Flex takes delivery of its first 2020 LNG newbuild

By Mirza Duran Norway-based shipping company Flex LNG has taken the delivery of its first newbuild carrier for this year and expects additional vessels to follow shortly. Image: Flex LNG South Korea’s Hyundai Samho Heavy Industries delivered the 174,000-cbm Flex Aurora on Wednesday. The LNG shipping company controlled by billionaire John Fredriksen said last month…