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HitecVision’s new oil company now in operation

Norway-based investment fund HitecVision has announced that the merger between its portfolio companies Core Energy, Spike Exploration and Pure E&P has been completed, and the new company Point Resources is formally established and operative....

02/06/2016 Read

Awilco sells two laid-up LNG carriers

As the weak LNG freight market continued in the early part of 2016, the Norwegian liquefied natural gas (LNG) transportation provider Awilco LNG ASA decided to sell two of its 125,000 cbm LNG carriers. Namely, the company signed a&n...

02/06/2016 Read

Oil price forecasts get more bullish as oversupply concerns ease

Analysts are again raising their oil-price forecasts, in a reflection of falling concerns over the glut in crude supply. That helps relieve the pressure on members of the Organization of the Petroleum Exporting Countries—who are set to...

01/06/2016 Read

Despite lay-ups, PSV market still oversupplied

Island Offshore, a provider of offshore vessels for the oil and gas industry, has said that despite vessel lay-ups the platform supply vessel market is still oversupplied.  The company has 29 vessels in operation within the vessel segments PS...

01/06/2016 Read

Höegh LNG partners sinks to loss in Q1

Höegh LNG Partners LP reported a net loss of USD 1 million for the first quarter of this year, a decrease of USD 3.6 million from net income of USD 2.6 million reported in the corresponding period in 2015. The ne...

01/06/2016 Read

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