Lower oil prices hamper Oil Search Q2 revenue

The Papua New Guinea-focused oil and gas producer and PNG LNG stakeholder, Oil Search reported a drop in revenue due to lower oil prices. Courtesy of Oil Search The company saw its total revenue for the second quarter of the year tick down 26 per cent. Quarterly revenue reached $266.2 …
Singapore-based independent Risco Energy has teamed up with US LNG equipment maker Chart Industries to support the growing Indonesian gas-to-power sector. Image: Risco Energy The duo signed the pact in the second quarter of this year. Under the deal, Chart will provide LNG equipment such as storage tanks, ISO containers, …
Australian gas producer and GLNG operator Santos said on Tuesday it will book non-cash impairments of up to $560 million after tax due to the effects of the Covid-19 coronavirus pandemic. GLNG plant (Image courtesy of Santos) Santos expects to record non-cash charge in the range of $490-560 million after …
The European Union is supporting Member States’ shift to greener fuels for transport with new funding commitments. Almost €142 million will be allocated for a total of nineteen environmentally friendly projects, the European Commission said in a statement. As disclosed, a number of projects involve converting vessels so thay may …
The United States Federal Energy Regulatory Commission granted a permit to Kinder Morgan to start exports from another train at its Elba Island LNG plant in Georgia. Courtesy of Kinder Morgan The commission noted in its statement that Kinder Morgan units Elba Liquefaction Company and Souther LNG Company have been …
Dutch gas shipping company Anthony Veder has last week taken the delivery of a 30,000-cbm LNG carrier from China’s Zhejiang Xinle Shipbuilding in Ningbo. Image: Anthony Veder The carrier in question is the dual-fueled Coral Encanto primarily operating on LNG with the option to switch to conventional marine fuels. Anthony …
Cryopeak LNG Solutions Corporation bagged a deal with Island Tug & Barge to deliver LNG bunkering services in Southwest British Columbia, Canada. Courtesy of Island Tug & Barge Cryopeak and ITB have developed a design for a 4,000-cbm articulated tug and barge (ATB) which is planned to be in operation …
Heerema’s Sleipnir, the LNG-powered world’s largest semi-submersible crane vessel, has set a record for the largest single lift jacket removal. Heerema said on Monday that Sleipnir successfully removed the 8,100-tonne Jotun-B jacket in the Norwegian North Sea for client Vår Energi. Source: Heerema The platform was installed in 1998 by …
On 14 July, ship designer and builder Holland Shipyards Group handed over a newbuild hybrid ferry named Gaarden to Schlepp- und Fährgesellschaft Kiel (SFK) in Germany. As informed, the vessel will operate as a cycle- and foot ferry within the waters of the Kieler Fjord. [embedded content] Video: Holland Shipyards …
Okra Energy Alabama (USA) has secured a five-year liquefied natural gas (LNG) supply deal from Enestas Energy & Gas for distribution in Mexico. Courtesy of Okra Energy Enestas Energy & Gas specializes in the distribution of natural gas in Mexico through virtual pipelines mainly focused on mining, industrial parks, transport, …