Liquefied Natural Gas

Halcón Posts Loss on Restructuring, Impairment Charges

Oil and natural gas producer Halcón Resources Corp posted a first-quarter loss on Wednesday due to restructuring and impairment charges. The company posted a net loss of $77.9 million, or 19 cents per share, compared with a net income of $5.5 million, or a penny per share, in the year-ago period. Halcón said production rose 41 percent to 36…

Viper Energy Files to Go Public

Viper Energy Partners LP filed with U.S. regulators on Wednesday to raise up to $100 million in an initial public offering of common stock. The Texas-based oil and natural gas company told the U.S Securities and Exchange Commission in a preliminary prospectus that Barclays was underwriting the IPO. The amount of money a…

Japan Trading Houses: Keep the Faith in U.S. Shale

Japan trading houses to push on with N.America shale investments; confident in sector's long-term prospects. Japan utilities looking to diversify fuel sources in wake of Fukushima. Japanese trading houses say they will push on with investments in North American shale oil and gas fields, despite writedowns in the sector on low gas prices and reduced reserve estimates.

Coast Guard Searching for Missing Man in Lake Michigan

U.S. Coast Guard crews are searching for a man who went missing from his boat in Lake Michigan, Monday night. The search commenced at 7 p.m. after a watchstander at Coast Guard Station Ludington, Michigan, received a phone call from the man’s friend reporting that the man had not reached his destination. The missing man left Whitehall Marina in Whitehall, Michigan, at 1 p.m.
From Left: Alex Ciaputa (DLPG Corporate Secretary), John Lisee (DLPG Controller), Marina Hadjipateras (DLPG Corp Comm), Alex Hadjipateras (DLPG EVP Business Development), Ted Young (DLPG CFO), John Hadjipateras (DLPG Chairman/CEO), John Lycouris (DLPG (USA) President), Oivind Lorentzen (DLPG Director, Seacor CEO), Peter Hadjipateras (DLPG, Corporate Development Manager), Nigel Widdowson (DLPG, Director)

Dorian Rings Opening Bell Following NYSE Listing

Dorian LPG Ltd. opened the New York Stock Exchange (NYSE) on Friday, May 9, 2014. The company’s senior management members and directors stood on the NYSE balcony as Dorian CEO, John Hadjipateras rang the bell. The bell ceremony followed the company’s New York Stock Exchange pricing on Wednesday and first day of trading Thursday.

Samsung Wins $410 mln LNG Order

Samsung Heavy Industries Co said on Friday it won a 419.5 billion won ($410 million) order to build two liquefied natural gas carriers for an unidentified European client. The South Korean firm plans to deliver the vessels by end-August 2017, it said in a filing to the stock exchange.
RIL logo

RIL, BP and NIKO issue Notice of Arbitration to Indian Government

Guideline 2014” notified on January 10, 2014. The continuing delay on part of the Government of India in notifying the price in accordance with the approved formula for the Gas to be sold has left the Parties with no other option but to pursue this course of action. Without this clarity, the Parties are unable to sanction planned investments of close to $4 billion this year.

Few Funds Ready To Follow Stanford's Lead On Fossil Fuel Stocks

Few if any of the big U.S. pension or college endowment funds appear ready to follow in Stanford University's footsteps and pull their money out of shares of coal miners or other fossil fuel producers. Officials from the pension systems for California's public employees and schoolteachers and New York public employees, the three largest U.S.

Japan's JX to Develop Offshore Malaysia Gas Field

JX Nippon Oil & Gas Exploration Corp said on Monday it had decided to develop Layang gas field off the coast of the Malaysian state of Sarawak on Borneo island for an undisclosed sum, aiming to start production in April-June 2016. Layang field, which is located about 8 km (5 miles) east of Helan gas field, now under production…
Oil condition sensors detect the condition of fluids in real time (Courtesy of Walter Stauffenberg GmbH & Co. KG)

Stauff Sensors Offer Real-time Oil Monitoring

The demand for effective solutions to monitor hydraulic and lubricant systems is constantly increasing. Oil condition – or the result of the natural aging of the substance, decomposition of additives and contamination by foreign particles – is therefore the significant factor in determining the optimal point in time for an oil change.
Image credit: British Antarctic Survey

Scientists Say Antarctic Glaciers in 'Irreversible' Thaw

Vast glaciers in West Antarctica seem to be locked in an irreversible thaw linked to global warming that may push up sea levels for centuries, scientists said on Monday. Six glaciers, eaten away from below by a warming of sea waters around the frozen continent, were flowing fast into the Amundsen Sea, according to the report based partly on satellite radar measurements from 1992 to 2011.

Russia's Gazprom Plans Singapore Bourse Listing

Russia's Gazprom is planning to list on Singapore's stock exchange in July, Interfax agency quoted a company source as saying on Thursday. Interfax reported that state-controlled Gazprom, the country's top natural gas producer, was talking to the exchange and preparing paperwork. Gazprom, which is negotiating a deal to supply natural gas to China, declined to comment.

Ukraine: Russia's Turn to Give Ground on Gas Talks

It is down to Russia to give ground to resolve the row with Ukraine over natural gas supplies, Ukrainian Finance Minister Oleksandr Shlapak said on Thursday. "We believe Ukraine has already made many concessions in the gas area, it is now time for Russia to make concessions," Shlapak said at the EBRD's annual meeting in the Polish capital.
The delegation of the Government of Ukraine came to Brussels to attend the plenary session together with a delegation of the Board of the European Commission (Photo: official site of Arseniy Yatsenyuk)

Ukraine's PM tells Moscow Not to Wield Gas as a Weapon

Ukrainian Prime Minister Arseniy Yatsenyuk urged Moscow on Tuesday not to use natural gas as a new type of weapon against Ukraine. "We are ready for a market-based approach and Russia is to stop using natural gas as another, or a new type of Russian weapon," Yatsenyuk told a news conference with European Commission President Jose Manuel Barroso.

Body of Missing Boater Found in Lake Michigan

The search for a missing man in Lake Michigan ended Tuesday afternoon as search crews from the Muskegon County Sheriff’s Office and Michigan State Police located the body of the man on the shore of Lake Michigan in northern Muskegon County, the U.S. Coast Guard (USCG) said in a press announcement this afternoon. The search…

Kuwait signs $3 bln LNG Deal with BP

Kuwait's state oil group said it signed a five-year liquefied natural gas (LNG) supply deal with BP on Tuesday, worth an estimated $3 billion, the Gulf state's second energy import deal this week. Kuwait Petroleum Corp (KPC) signed a $12 billion LNG supply deal with Royal Dutch Shell on Sunday. Kuwait expects to import…
Sand resources for coastal resilience and restoration planning

BOEM and New Jersey Pact to Identify Sand Resources

As a part of President Obama's continuing commitment to help coastal communities recover from Hurricane Sandy and promote resilient coastal systems, the Bureau of Ocean Energy Management (BOEM) and the State of New Jersey signed a two-year cooperative agreement totaling $400,000 to identify sand resources for coastal resilience and restoration planning.

Russia's Gazprom Says Low Risk to Europe Supplies

Russia's Gazprom said on Wednesday it saw only an "insignificant" risk of interruption to gas transit to Europe during spring and summer this year due to a decline in seasonal demand. "At the moment due to the worsening political situation in Ukraine it is necessary to note an increase in the risk associated with the transit of gas through the territory of that country.
U.S. Senators Patty Murray and Maria Cantwell

Senators Murray, Cantwell Secure Wins for Ports of Seattle, Tacoma

U.S. Senators Patty Murray (D-WA) and Maria Cantwell (D-WA) yesterday announced that a critical provision they authored to reform the Harbor Maintenance Trust Fund (HMTF) and significantly benefit the Ports of Seattle and Tacoma was included in the bipartisan, bicameral deal on the Water Resources Reform and Development Act (WRRDA) released in the afternoon.
Deep diving animals & Michael Tift: Photo credit NMFS permit #14636 SIO

Non-Smoking Seals Have More CO, Dive Deep

Carbon monoxide (symbol CO) a potential new treatment for human diseases, has been found in elephant seals at levels on a par with chronic cigarette smokers, according to resarch by scientists at Scripps Institution of Oceanography at UC San Diego. With its imperceptible features, carbon monoxide is widely known as the “silent killer” due to its risks at lethal concentrations.