Tagged Pacific

Petronas takes Pacific drillship for Mexico well

By Nermina Kulovic Offshore drilling contractor Pacific Drilling has secured a contract for a drillship with Malaysian giant Petronas for operations offshore Mexico. The post Petronas takes Pacific drillship for… … Read Full Article Here For more great articles: Offshore Energy Today

GlobalData: APAC LNG projects held up

By Sanja Pekic The COVID-19 lockdown has led to low oil and gas demand and a decline in global energy prices which affected the growth in the Asia-Pacific region. The post GlobalData: APAC LNG projects held up appeared first on Offshore Energy. Read Full Article Here For more great articles: LNG World News

Pacific Drilling to emerge from bankruptcy by year-end

By Nermina Kulovic Pacific Drilling expects to emerge from Chapter 11 bankruptcy by year-end following the confirmation of its prearranged plan of reorganization. The post Pacific Drilling to emerge from bankruptcy… … Read Full Article Here For more great articles: Offshore Energy Today

BHP inks LNG supply deal with Shell

By Adnan Bajic Australian resource company BHP signed the first LNG supply deal for its Newcastlemax bulkers with Shell. FueLNG Bellina The five vessels will transport iron ore between Western Australia and China from 2022. Shell has been awarded the contract to fuel the vessels, which BHP will charter from Eastern Pacific Shipping (EPS) for…

Svanehøj strengthens gas market position

By Adnan Bajic Deepwell pumps specialist Svanehøj has expanded its foothold in the LNG market with the appointment of Hirohide Gohda. Courtesy of Svanehøj Gohda has extensive experience with LNG projects, which he has gained through a long career at Mitsubishi Corporation. Since 1994 he has managed Mitsubishi Corporation’s interests in LNG projects in the…

Sempra reaches FID on ECA LNG export project

By Adnan Bajic Sempra Energy said its unit, ECA Liquefaction (ECA LNG), has reached a final investment decision (FID) for its LNG export project in Baja California, Mexico. Energía Costa Azul regasification terminal in Baja California, Mexico (Courtesy of Sempra Energy) ECA LNG is a joint venture between Sempra LNG and Infraestructura Energética Nova, (IEnova)….

Origin’s revenue plummets on lower prices

By Adnan Bajic Origin Energy saw lower quarterly revenue from the Australia Pacific LNG project hindered by lower realized oil prices. Courtesy of ConocoPhillips Origin Energy, which holds a 37.5 per cent stake in the APLNG project, said the revenue reached $399 million, dropping 39 per cent from the previous quarter. Compared to the third…

EPS, Zhejiang Satellite Petrochemical pen deal for 4 dual-fuel VLECs

By Jasmina Ovcina Image courtesy: EPS Eastern Pacific Shipping (EPS) has won a bid to purchase, build, and operate four 98,000 cubic meter VLECs for China-based Zhejiang Satellite Petrochemical (STL). The vessels will be carrying ethane from the US Gulf Coast to Shenzhen-listed STL’s plant in Lianyungang, China. Under the novation contract with STL, EPS…