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ALL Academy Offers Maritime Resource Management Licences

27 November 2013

An initiative to increase Maritime Resource Management (MRM) training in the maritime industry has been taken by ALL Academy International AB who now offers MRM training licences. “Lack of MRM continues to be a key factor in maritime accidents and there is an urgent need to do something about it. More shipping companies need to […]

Three companies win CO2 storage license in Norway’s North Sea

18 August 2023

Authorities & Government, Business & Finance, Business Developments & Projects, Carbon Capture Usage & Storage, Collaboration, Infrastructure, Outlook & Strategy, Project & Tenders, Regulation & Policy, Rules & Regulation, Transition, Vision

The Norwegian Ministry of Petroleum and Energy has granted an exploration license for CO2 storage on the Norwegian continental shelf (NCS) in the North Sea to three companies. The exploration permit, located east of the Sleipner Øst field, has been allocated to Sval Energi, Storegga Norway and Neptune Energy Norway. Sval Energi will be the […]

Norway: Statoil Announces New Oil Discovery in Barents Sea

9 January 2012

Business & Finance, Operations & Maintenance

Statoil ASA has together with its partners Eni Norge AS and Petoro AS made a substantial oil discovery in the Havis prospect in the same licence as Skrugard (PL532) in the Barents Sea. This is the second high-impact discovery in the North in nine months. Well 7220/7-1, drilled by the drilling rig Aker Barents, has […]

Petrobras kick-starts divestment process for Gulf of Mexico assets

16 February 2022

Business & Finance, Business Developments & Projects, Exploration & Production

Petrobras has started a non-binding phase for the sale of its interest in a company, which holds E&P assets in the Gulf of Mexico.

Tap Oil divests Australia and New Zealand portfolio

9 September 2019

Business & Finance

Tap Oil has signed a sale and purchase agreement (SPA) with Kensington Energy, a privately-owned Australian oil and gas investment company, to sell its residual Australian and New Zealand portfolio. The transaction involves Tap selling a 20% participating interest in the BHP-operated WA-72-R, which contains the Tallaganda gas discovery and for which Tap has booked […]

Report: ExxonMobil looking to offload Gippsland assets

18 September 2019

Business & Finance

ExxonMobil is putting up for sale its ownership in the Gippsland Basin assets, offshore Australia.

Vopak exercises its right to sell its equity stake in Bahamas terminal

18 January 2011

Following the announcement on 20 December 2010 by First Reserve Corporation (FRC), Vopak’s partner in Bahamas Oil Refining Company International Limited (BORCO, also operating as Vopak Terminal Bahamas), that FRC will sell its 80% equity stake in BORCO to the US-based pipeline and storage terminal operator Buckeye Partners, L.P. (Buckeye), Vopak has informed both parties […]

Mexico’s president opens 35th IHS CERAWeek conference

22 February 2016

THE IHS Energy CERAWeek, one of the world’s most eminent energy industry events, has opened its doors to visitors and delegates for the thirty fifth time. The five-day conference held in Houston, Texas, will once again host the top executives from the oil, gas and renewable energy industries, hoping to provide a valuable insight into […]

Interview: Global offshore rig fleet worth $56.6 billion

6 February 2017

VesselsValue, a website providing intel on offshore and shipping world including the valuations of the various kinds of vessels, has now expanded its coverage to offshore drilling rigs. Offshore Energy Today has interviewed VV’s Head of Offshore Miles Cole to learn more about the service, how they come up with value estimates for rigs, […]

Optimism for oil and gas sustainability despite cost reductions

6 June 2017

By DNV GL Cost efficiency may continue to top oil and gas industry boardroom agendas this year, but sustainability initiatives will not be a target for making cuts, a study by DNV GL has revealed. In such a cost-driven environment, it is encouraging to find that just three per cent of the 723 senior oil […]

Keppel and Borr Drilling change up delivery terms for five jack-up rigs

12 October 2022

Business & Finance, Business Developments & Projects

Keppel has entered into an amended and restated framework deed with Borr Drilling to accelerate deliveries of three rigs and defer two others.

Norway: TTS Group Sells Its Drilling Equipment Business

18 April 2012

Business & Finance

TTS Group ASA have today entered into an agreement to sell its drilling equipment business, a part of TTS Energy divison, and relevant subsidiaries, to Cameron International Corporation for USD 270 million, plus a turnover based earn-out model for a three-year period. Offshore Handling (cranes and winces), which is also a part of the TTS […]

State of Alaska to Pursue Equity Partnership in Alaska LNG Project

13 January 2014

Governor Sean Parnell announced that the State of Alaska will pursue becoming an equity partner in the Alaska LNG project. The governor also announced the state will terminate its involvement with TransCanada as its licensee under the Alaska Gasline Inducement Act (AGIA), and partner with the company in a more traditional commercial agreement. “For the […]

Sakhalin Energy celebrates 20th anniversary

21 April 2014

Business & Finance

Sakhalin Energy Investment Company Ltd., the operator of the Sakhalin-2 project, has celebrated its 20th anniversary on Friday, April 18. Sakhalin Energy has been established in 1994 to operate one of the largest oil and gas industry projects – Sakhalin-2. The sheer complexity of the challenges in engineering oil and gas export infrastructure from square […]

Seatronics and OceanWise to Supply Ras al-Khaimah Port with Tidal Monitoring and Display System

28 May 2014

Business & Finance, Equipment, Project & Tenders

Seatronics and OceanWise have jointly been awarded a contract by Ras al-Khaimah Port, United Arab Emirates for the supply and support of a Tidal Monitoring, Telemetry and Display System, comprising six Valeport TideMasters and Water Level Radars and OceanWise’s data telemetry equipment, plus management and web based publishing software, Ocean Database and Port-Log. Seatronics has […]

Stansberry & Associates: Exporting LNG Will Be Boom to U.S. Economy

21 June 2013

“Exporting LNG will be such a boom to the economy, it will be huge,” said Stansberry & Associates investment analyst Frank Curzio. Curzio – who writes the monthly newsletter, Small Stock Specialist and has coined LNG as “Eagle Diesel” – went on to say this trend could create a lot of good opportunity for investors, both […]

Bidders swarm over Pakistan LNG’s 240 cargo tender

24 November 2016

The state-owned Pakistan LNG’s tender seeking 240 cargoes of liquefied natural gas in total has attracted a lot of attention from suppliers struggling to sell cargoes in an oversupplied market.

Top News of the Week of Oct 21 – Oct 27, 2013

27 October 2013

Business & Finance

Subsea 7 Wins Two Contracts from Petrobras Offshore Brazil Subsea 7 S.A. announced the award of two contracts with a combined value (at the time of contract signature) in excess of US$600 million from Petrobras. DeepOcean Charters New Build SURF Installation Vessel DeepOcean AS, a subsidiary of DeepOcean Group Holding BV, has entered into a […]

Total Appoints Senior VP of Strategy & Business Intelligence (France)

24 January 2012

Helle Kristoffersen (47) has been appointed Senior Vice President, Strategy & Business Intelligence at Total, effective January 1, 2012. She succeeds Jean-Jacques Mosconi, who has been named Senior Vice President, Refining & Petrochemicals Europe. Ms. Kristoffersen joined Total in January 2011 as Deputy Vice President, Strategy & Business Intelligence. She began her career in 1989 […]

Rosneft Buys Share in Caspian Sea Block from Lundin

3 October 2013

Lundin Petroleum and its partner Gunvor Group (Gunvor) have entered into a Heads of Agreement with Rosneft Oil Company (Rosneft) to jointly sell 51 percent of LLC Petroresurs. LLC Petroresurs is the 100 percent owner of the Lagansky block licence located in the Russian part of the Caspian Sea. The Lagansky block licence contains the […]

Report: DP World, DoverTower to jointly bid for Haifa Port privatization

16 September 2020

Collaboration, Infrastructure, Ports & Logistics

Dubai-based port operator DP World has partnered up with an Israeli group DoverTower in plans to jointly bid to privatize Haifa Port on the Mediterranean, Reuters reports. The deal was signed by Dovertower head Shlomi Fogel, the co-owner of Israel Shipyards and the Port of Eilat, and DP World Chairman Sultan Ahmed bin Sulayem. The two companies […]

Kraken’s AUV Pre-Qualifies for Canada’s BCIP Program

2 April 2018

Business & Finance, Equipment, Research & Development

Kraken Robotics’ wholly-owned subsidiary, Kraken Robotic Systems, has been formally notified by the Government of Canada that its application to the Build in Canada Innovation Program (BCIP) has been approved. The company has been pre-qualified into the program for its ThunderFish 300 autonomous underwater vehicle (AUV) for military and scientific applications. Karl Kenny, Kraken’s president […]