Daily Archives: July 31, 2017

USA: new bill aiming to expedite LNG project approval process

By LNG World News US congressman Clay Higgins introduced H.R. 336, a bill aiming to enable the United States LNG export players to access the market quicker. Senator Bill Cassidy is sponsoring the License Natural Gas Now Act, which is the Senate version of the bill, a statement by congressman Higgins reads. “The United States…

Pemex begins maintenance on Yuum K’ak’naab FPSO

By _Offshore_Energy_Today_ Mexican company Pemex Exploracion y Produccion has begun scheduled maintenance activities on the floating production storage and offloading (FPSO) vessel Yuum K’ak’naab, located in the Campeche Sound in the southern part of the Gulf of Mexico. Pemex said last week that the maintenance activities on the vessel would be finished on Friday, August…

Seadrill extends NADL loan maturity date

By Offshore Energy Today Offshore driller Seadrill has given its subsidiary North Atlantic Drilling Limited some headroom, extending the revolving credit facility provided to NADL, to mature on September 12, 2017. This interim funding arrangement has been put in place while broader restructuring negotiations continue at both companies, Seadrill said. NADL is a subsidiary of…

Diamond stacks one, plans to sell five semi-sub rigs

By Offshore Energy Today.. Drilling contractor Diamond Offshore has stacked one semi-sub rig and is selling five others, according to its latest fleet status report on Monday. The fleet report on Monday revealed that the semi-sub Ocean Victory has been stacked in the U.S. Gulf of Mexico. The rig previously worked for BP offshore Trinidad…

Enagás: Spain’s demand for natural gas grows

By LNG World News The demand for natural gas in Spain grew by 17 percent in July in relation to the same period last year, according to the data provided by the LNG terminal operator, Enagás. This percentage is the largest monthly increase in the summer months since 2008 and is mainly due to the…

China’s LNG imports continue to go up

By LNG World News China’s imports of liquefied natural gas (LNG) are continuing to rise and they were up 38 percent in June year-on-year as the country is pursuing its plan to cut addiction to coal to reduce pollution. The world’s largest energy consumer imported 3.04 million mt of the chilled fuel last month as…

Will Singapore weather the offshore storm?

By Offshore Energy Today Victims of the slump in oil prices are spread throughout the world and Singapore’s offshore oil and gas industry is no exception. Read Full Article Here For more great articles: Offshore Energy Today

Kathleen McAllister joins Höegh LNG Partners board

By LNG World News Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s Höegh LNG, named Kathleen McAllister to the company’s board following the resignation of Claibourne Harris. Most recently, McAllister served as president, CEO, and director of Transocean Partners from 2014 until its merger with Transocean in December 2016 and as chief financial…

Operator declares force majeure on Deepsea Metro I contract

By Offshore Energy Today Golden Close Maritime Corp, the owner of the Deepsea Metro I drillship, managed by Odfjel Drilling, has received a force majeure notice on the drillship contract. To remind, the rig owner in May said it had secured a contract in South East Asia for the DeepSea Metro I drillship with an…

Diamond Offshore returns to quarterly profit

By Offshore Energy Today.. U.S. deepwater drilling contractor Diamond Offshore returned to profit in the second quarter of the year from a loss in the prior-year period. For the second quarter of 2017, the driller on Monday posted a profit of $15.9 million, which compares to a net loss of $589.9 million in the prior-year…