zoomImage courtesy of Wison Wison Offshore & Marine and Western LNG signed a technical service agreement (TSA) for the new floating liquefied natural gas (LNG) project that Western is developing in British Columbia, Canada. Pursuant to the TSA, Wison will develop the basis of design (BOD) and carry out front-end
zoomImage courtesy of BP UK-based major BP has agreed to purchase BHP Billiton’s interest in the Eagle Ford, Haynesville, Permian and Fayetteville onshore US oil and gas assets for $10.8 billion. Under the terms of the agreement, BP America Production Company will acquire from BHP Billiton Petroleum (North America) 100 percent of
zoomImage courtesy of European Commission The European Commission’s president Jean-Claude Juncker held talks with the United States president Donald Trump during a visit to the White House. The two leaders agreed to strengthen the strategic cooperation with respect to energy, a joint statement reads. “The European Union wants to import more
zoomImage courtesy of GasLog Partners GasLog Partners, the New York-listed spinoff of LNG shipper GasLog saw its profits impacted by dry-dockings and expiration of one vessel’s time charter deal. According to the company’s monthly report, the IFRS net profit for the second quarter on slipped 18 percent from $29.2 million
zoomImage courtesy of Total French energy giant and LNG player Total saw its second-quarter adjusted net profit soar on the back of increasing oil prices. The company reported a 44 percent jump in adjusted net income for the second quarter of 2018, reaching $3.6 billion compared to $2.7 billion in
Image courtesy of Statoil Norwegian energy giant and LNG operator, Equinor posted a slight drop in its net profit for the second quarter of 2018, despite higher prices and high international production. Equinor’s IFRS net income was at $1.2 billion, down from $1.4 billion in the corresponding quarter of 2017, with the company
The Hague-based LNG giant Shell reported an increase in profit for the second quarter and the first half of the year as Integrated Gas and Upstream businesses’ contributions rise. The company’s profit for the second quarter jumped 30 percent to $4.7 billion from $3.7 billion with the first six months
The Gorgon LNG plant on Barrow Island (Image courtesy of Chevron) Engineering giant TechnipFMC has been awarded a subsea installation contract by Chevron’s Australian unit for the Gorgon Stage Two development. The project is located offshore Western Australia in water depths ranging from 250 to 1,340 meters. The contract covers
Image courtesy of Total Total has signed an agreement with KKR-Energas to acquire its two gas-fired combined cycle power plants (CCGT) in the North and East of France, with 825 megawatts (MW) power production capacity. Through its 73 percent stake in Direct Energie, Total also has 800 MW of capacity in
Image courtesy of BP UK-based major BP said that Helge Lund and Pamela Daley have joined its board as non-executive directors. Earlier in April, BP informed that Helge Lund would join the board as a non-executive director on September 1, becoming chairman on January 1, 2019, when Carl-Henric Svanberg steps down.