Business & Finance
Chevron to restart 2nd Gorgon LNG train in September
Chevron is looking to place back online the second train at its Gorgon LNG plant in Australia in September after it found “weld quality issues” within the propane heat exchangers. The US energy firm shut down the second unit at its 15.6 mtpa LNG facility on Barrow Island in Western Australia on May
COVE gets new chief executive officer
The Centre for Ocean Ventures and Entrepreneurship (COVE) has appointed Melanie Nadeau as its new chief executive officer. Jim King, chair of the COVE board, said the board approved the appointment effective 8 September 2020. He also said that Nadeau was one of 431 applicants from around the world w
OMV delineates Hades discovery in Norwegian Sea
OMV is the process of concluding the drilling of an appraisal well on the Hades gas/condensate discovery in the Norwegian Sea.
Kinder Morgan says another Elba LNG train ready for service
US energy company Kinder Morgan is seeking approval to launch another small-scale liquefaction unit at its nearly $2 billion Elba Island LNG plant in Georgia. The company has requested an authorization from US FERC to place into service the ninth Elba Island liquefaction unit on July 27. Earlier thi
Over 20 workers of Japan Marine United positive for COVID-19
Japanese shipbuilding major Japan Marine United Corporation (JMU) reported that a number of workers at its facility in Ariake tested positive for COVID-19. JMU said that two employees tested positive over the weekend, while 23 people were confirmed to be infected on July 27th. Over 96 people who wer
Chinese offshore oil and gas company joins ADNOC’s concessions
ADNOC has entered into an agreement for the transfer of rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions from CNPC to CNOOC Limited.
Hurricane stabilises Lancaster field output
Hurricane Energy has stabilised production from its Lancaster field following the commissioning of the electric submersible pumps on two producing wells.
Eni confirms gas potential in discovery offshore Vietnam
Eni has discovered a significant hydrocarbon accumulation on the Ken Bau discovery located in Block 114, Song Hong Basin, offshore Vietnam.
CorPower lands €9 million funding deal
Swedish wave energy developer CorPower Ocean has secured €9 million equity funding for its breakthrough wave energy tech. Midroc New Technology led the funding round, with additional investment from ALMI Invest Greentech, EIT InnoEnergy, and private investors. The company will use the funds to dem
Sparrows wins three-year contract renewal in India
Sparrows Group has secured a three-year contract renewal to supply a rental crane to Vedanta Resources in India.
Wakelin resigns from Atlantis board
Atlantis said that its non-executive director and chair of the Audit Committee Ian Wakelin has resigned from its board. Namely, Wakelin has accepted the role of chairman of Viridor Group, a British waste company. He will leave in October but in the interim assist the transition of the Audit Committe
Hyundai Heavy fined for unfair trade
South Korean Fair Trade Commission has fined shipbuilding major Hyundai Heavy Industries Co. for unfair trade with its subcontractors. The KRW 970 million ($805,000) fine is described as the highest fine yet to be imposed by the anti-trust regulator for misusing technologies from other companies. Th
Karoon changes terms for Brazilian oilfield acquisition
Karoon has executed a binding agreement to amend the sale and purchase agreement to acquire a 100 per cent operating interest in the Baúna field located offshore Brazil.
Russia’s Lukoil enters as Cairn exits Sangomar project in Senegal
Cairn Energy has entered into an agreement to sell to Russia’s Lukoil its entire 40 per cent interest in the Sangomar development, offshore Senegal.