Tagged Global

Global oil discoveries dropped to record low in 2016, IEA says

Rate this article By Offshore Energy Today.. Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could continue this year. Oil…

Berlin LNG Filling Station Opens

Rate this article By NGV Global Liqvis, the LNG fuel supply subsidiary of German energy company Uniper, together with the food industry service provider Meyer Logistik have opened the first publicly accessible fueling station for liquefied natural gas in Berlin. Located in Grünheide on the east Berlin Ring (A10), on Meyer Logistik company property. It…

TechnipFMC reports rise in profit

Rate this article By LNG World News LNG engineer TechnipFMC reported a net income of US$190.8 million for the first quarter of 2017, up from $147.4 million in the corresponding quarter last year. Doug Pferdehirt, CEO of TechnipFMC said, “although the global energy market remains challenged, we benefit from the recovery of the short-cycle North…

Nakilat’s Q1 net profit drops 20.4 pct

Rate this article By LNG World News Image courtesy of NakilatQatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipper, saw its first-quarter net profit fall 20.4 percent. Nakilat reported a first-quarter net profit of 191 million riyals ($50.92m), compared with 240 million riyals in the same period last year. The Doha-based LNG shipping giant…

Canadian E&C giant to take over UK rival

Rate this article By Offshore Energy Today Global engineering and construction firm SNC-Lavalin is set to take over its UK rival WS Atkins. Canada-based SNC-Lavalin has offered to buy WS Atkins for a total amount of around £2.1 billion (C$3.6 billion), or £20.80-a-share. The Atkins directors have endorsed the offer, deeming it “fair and reasonable,”…

Oil prices to revolve around $60–70 in next three years, McKinsey says

Rate this article By Offshore Energy Today.. McKinsey Energy Insights (MEI), a specialist energy data and analytics unit within McKinsey consulting firm, has released its latest Global Oil Supply and Demand Outlook, which claims that oil prices will revolve around $60–70/bbl over the next three years. The report identifies five potential supply and demand scenarios….