Production News

 

Congo’s First LNG Cargo to Set Sail in Coming Days

Feb 27, 2024

The first LNG cargo from Eni's Congo LNG project is currently being loaded and will sail to Piombino’s regasification terminal in Italy in the coming days.With the first cargo, the Republic of the Congo enters the group of LNG exporting countries, opening up opportunities for economic growth while contributing to global energy balance.The Congo LNG project, sanctioned in December 2022, came on stream after just one year…

Exxon Mobil Continues to Ramp Up LNG Portfolio

Mar 22, 2024

Exxon Mobil is ahead of schedule with its plan to double the size of its liquefied natural gas (LNG) portfolio to 40 million tons per annum (mtpa) by 2030 and will focus on selling its own gas rather than trading that of third parties, said Peter Clarke…

Biden Pauses New LNG Export Projects

Jan 26, 2024

President Joe Biden paused pending approvals of exports from new liquefied natural gas (LNG) projects on Friday, a move cheered by climate activists that could delay decisions on new plants until after the November 5 election.The Department…

Exxon Considers Selling Stake in LNG Terminal Offshore Italy

Mar 16, 2023

Exxon Mobil Corp is considering selling its majority stake in Italy's main regasification terminal as part of a wider strategy to divest from non-core assets, the company said in a statement on Wednesday. The Rovigo liquefied natural gas (LNG)…

Gastrade Sees Decision On Second LNG Terminal This Year

Feb 23, 2023

Greece’s Gastrade said on Thursday it expects to take a final investment decision on developing a second gas floating storage and regasification unit (FSRU) off the country’s northern port of Alexandroupolis by the end of the year.With Europe…

Guyana's Shore Base Project Could Cut Shipping Costs by About 12%

Feb 16, 2023

Companies working on a $300 million logistics facility in Guyana that will support offshore oil operations said on Wednesday the shore base will help reduce shipping costs for supplies by as much as 12% by allowing larger supply vessels to dock…

OPINION: Professor Richey says Biden Administration Needs to Work with Oil & Gas Industry

Jun 09, 2022

Glenn Richey, the Raymond J. Harbert Eminent Scholar and chair of the Department of Supply Chain Management in Auburn University’s Harbert College of Business, comments on record gas prices and how the Biden administration needs to work with…

Cruise Line Azamara Adds New Vessel to Its Fleet

May 03, 2022

Cruise line Azamara has officially added Azamara Onward vessel to its now four-ship fleet on Tuesday, following a festive naming ceremony in Monte Carlo. The christening ceremony was led by the President of Azamara, Carol Cabezas, and Azamara Onward Godmother…

Exxon Proposing to Build Supply Base for Guyana Project

Dec 13, 2021

Exxon Mobil Corp outlined a major new investment in Guyana amid government calls for delivering economic benefits to residents from deepwater oil and gas discoveries helping turn the South American nation into an oil powerhouse.A coming onshore…

Energy Firms Face Another Storm in US Gulf

Sep 13, 2021

Royal Dutch Shell on Monday began evacuating staff from a U.S. Gulf of Mexico oil platform, and other energy companies began preparing for hurricane-force winds from a second Gulf Coast storm in as many weeks.Tropical Storm Nicholas was about 105 miles (115 km) south of Port O'Connor…

UK Union Plans July Strike at Oil and Gas Terminal

Jun 22, 2021

UK's Unite union's Scotland unit on Tuesday said talks to prevent industrial action at Sullom Voe Terminal have ended with no movement on the part of Shetland Islands Council (SIC) to resolve the dispute over a long service award.Unless the Council accepts liability…

Oil Rises to 11-month High

Jan 12, 2021

Oil hit an 11-month high just below $57 a barrel on Tuesday, bolstered by Saudi Arabia's plans to limit supply, offsetting worries that rising coronavirus cases globally would curtail fuel demand.Brent crude settled up 92 cents, or 1.7%, at $56…

Digitizing Risk-based Integrity Management of FPSOs

Oct 23, 2020

Industries are adapting to an increasingly digitalized landscape. The floating production, storage and offloading (FPSO) industry is no different. As concerted efforts are made to improve project economics Matt Tremblay, ABS Senior Vice President…

Offshore Oil Wells, Ports Shut as Hurricane Sally Advances on U.S. Gulf

Sep 14, 2020

Energy companies, ports and refiners raced on Monday to shut down as Hurricane Sally grew stronger while lumbering toward the central U.S. Gulf Coast, the second significant hurricane to shutter oil and gas activity over the last month.The hurricane…

Webinar: Floating Production Forecasts & Analysis

Jul 24, 2020

A free webinar will deliver latest forecasts and market intelligence for the global floating production industry, offering insider access to business and investment opportunities in the deepwater sector.Floating Production Systems: 2020 Forecasts & Analysis…

Logistics News

Prysmian Cements Partnership with Port of Middlesbrough with New Long-Term Deal

Prysmian Cements Partnership with Port of Middlesbrough with New Long-Term Deal

Five Inducted into the International Maritime Hall of Fame in NYC

Five Inducted into the International Maritime Hall of Fame in NYC

Over $77 Million in Projects Underway at Lake Michigan Port

Over $77 Million in Projects Underway at Lake Michigan Port

Women in Maritime Day: Shaping the Future of Maritime Safety

Women in Maritime Day: Shaping the Future of Maritime Safety

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