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Shell Launches $25 Bln Buyback Plan, Q2 Profits Misses
Royal Dutch Shell said on Thursday it would launch a long-anticipated $25 billion share buyback program after profits soared and debt pile eased in the second quarter. Shell's net income attributable to shareholders in the quarter, based on…
Equinor Q2 Core Earnings Lag Forecasts
Norwegian oil and gas firm Equinor said on Thursday second-quarter adjusted operating income rose from a year ago but missed forecasts due to higher maintenance costs at its Norwegian fields. The company formerly known as Statoil also said it was too early to follow peers…
ConocoPhillips Raises FY18 Capex, Output Target
Oil and gas producer ConocoPhillips topped Wall Street estimates for quarterly profit on Thursday and raised its capital budget and annual production target for 2018, as it seeks to take advantage of higher crude prices. Houston-based ConocoPhillips…
Floating Liquefaction and Regasification Report And Online Database
- Annual reports -- Our new 150-page report is the first professional effort to systematically look at the universe of FLNG and FSRU projects in the planning stage – and categorize the likelihood of each making the development investment hurdle.
- Online database -- The online database is updated every day – with information direct from primary sources. The database is fully searchable. Customized charts and spreadsheets can be directly produced from the database.
- Customer support -- We are available to assist with technical questions about information in the database and reports -- and assist with any questions about using the database search tools.
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Request Free TrialExxon Expects More Oil from Guyana's Offshore Block
Exxon Mobil Corp and its partners now expect the large Stabroek oil block offshore Guyana to contain about 25 percent more recoverable resources than estimated, they said on Monday. Exxon and U.S.-based partner Hess Corp said more than 4 billion…
Plans for Another South Australia LNG Import Plant in the Works
A private firm is looking to import liquefied natural gas (LNG) to South Australia starting in 2020, around the same time as two other proposed import projects, looking to fill a supply gap as domestic gas gets sucked into LNG exports. Venice Energy…
Keppel Wins FPSO, FSRU Contracts
In Brazil, Keppel FELS Brasil Ltda (Keppel FELS Brasil) has been engaged by MODEC Offshore Production Systems (Singapore) Pte Ltd., part of the MODEC, Inc. group, to undertake the topside module fabrication and integration of the FPSO Carioca MV30…
Petrobras to Start Up Four New Platforms in Q4
Brazil's state-controlled oil company Petrobras will start pumping pre-salt oil from four new platforms between October and December, the company's director for production and technology development Hugo Repsold said on Wednesday. Speaking to reporters at an oil industry event…
MODEC Secures FPSO FEED Contract
MODEC, Inc. subsidiary MODEC International Inc. has been awarded a contract by ConocoPhillips Australia, as operator of the Barossa joint venture, for the Front End Engineering Design (FEED) of a floating production storage and offloading (FPSO) vessel for Australian waters.
Royston Completes FPSO Engine Overhaul
An engineering team from power specialist Royston has completed the overhaul of engines on a floating production storage and offloading (FPSO) vessel, operated by Bluewater Services. Engineers undertook the 16,000-hour service on the Wartsila W6L46 diesel engines onboard the 252m…
M2 Subsea Wins Premier Oil Contract
Remotely operated vehicle (ROV) services provider M2 Subsea has said it has secured a contract to provide inspection services for Premier Oil’s Balmoral Floating Production Vessel (FPV). M2 Subsea, which has bases in Aberdeen and Houston, will carry out the 2018 inspection of the vessel’s hull…
Petrobras Output in Campos Drops to Lowest Level in 17 Years
Oil production by Brazilian state-led Petroleo Brasileiro SA in the Campos basin fell 1.4 percent in June over the previous month to 1.042 million barrels a day, its lowest level since 2001, as mature fields decline, according to company data.
For the Global LNG Industry, is the FSRU Honeymoon Over?
A giant vessel docked at the port of Moheshkhali in Bangladesh two months ago, propelling the populous but poor nation into the fast-expanding club of liquefied natural gas (LNG) buyers. The Excellence is the latest floating storage and regasification unit (FSRU)…
ABS to Class FSRU for Turkey's BOTAS
Classification society ABS said it was selected to class a floating storage and regasification unit (FSRU) for Turkey’s oil and gas pipeline operator BOTAS. “As demand for gas has increased over the last decade, the supply chain has had to adapt…
EDF Trading, JERA Form LNG Joint Venture
On July 3, 2018 JERA Co., Inc and EDF Trading Limited (EDFT) announced their intention to form an LNG optimization and trading joint venture, JERA Trading Pte. Ltd. (JERAT). In addition to this transaction, EDF Trading North America (EDFT NA) and JERA Energy America (JERA EA)…
Inpex to Ship First Ichthys LNG Cargo by End of September
Inpex said it expects to ship first cargo from its Ichthys liquefied natural gas (LNG) project in Australia by the end of September after safety issues have been resolved, maintaining an earlier schedule. Australian regulators had discovered…
Fall from Grace: Batista Gets 30-Years for Corruption
Eike Batista, the former mining and oil magnate who was once Brazil's richest man, was convicted and sentenced to 30 years in prison for bribing Rio de Janeiro state's disgraced ex-governor, according to a court document published on Tuesday.
BMT Supports the Installation of Appomattox FPS
BMT has completed a project for Heerema Marine Contractors (HMC) providing marine simulation studies which have supported the installation of Shell’s Appomattox Floating Production System. The topside and hull of Appomattox, Shell's largest floating platform in the Gulf of Mexico…
East China Sea Dispute: Japan Protests China Drilling Vessel
Japan has protested to China for allowing a gas drilling vessel to operate in disputed waters in the East China Sea, the government said on Friday. Japan and China agreed to jointly develop gas fields in the area in 2008 but talks have since stopped.
Nippon Foundation Addresses Global Ocean Threats
Nippon Foundation is a philanthropic organization active globally with a simple mission, social innovation. While its activities today cross many activities and borders, when founded in 1962 its efforts focused largely on the maritime and shipping fields.
EnerMech Obtains $24m Service Contract
EnerMech Get $24m Contract Lift. EnerMech has secured a cranes and lifting services contract with an international Operator in the North Sea along with an extension of many existing contracts worth just over $24m. The company will provide crane…
Trelleborg Solutions to FSRU-Based LNG Terminal
Trelleborg’s marine systems operation has supplied a suite of products to H-Energy’s Floating Storage Re-gasification Unit (FSRU) based LNG terminal at JSW Infrastructure’s Jaigarh Port in Ratnagiri District, Maharashtra. Developed in accordance…