News
Hyundai Heavy to invest over $3B in research & development following spin-off
South Korean shipbuilder Hyundai Heavy Industries (HHI) Group will invest $3.1 billion in R&D by 2021. The announcement came on Monday as the South Korean giant hailed the first day as the four independent companies; Hyundai Heavy Industries; Hyundai Electric & Energy Systems; Hyundai Construction E
USA: Cheniere in LNG export milestone
Houston-based LNG export player Cheniere said Monday that the 100th cargo of liquefied natural gas (LNG) has left the company’s Sabine Pass liquefaction facility in Louisiana. The milestone cargo departed on Saturday from the Sabine Pass liquefaction facility, currently the only such a facility to s
Unite says BP’s Forties sale is ‘bad for Scotland and UK’
UK’s largest union Unite on Monday called for the Scottish and Westminster parliaments to carry out urgent inquiries following the sale of the Forties Pipeline System from BP to Ineos. Unite opposed the move in March while the two companies were still in talks for the potential sale. Earlier on Mond
Siem Offshore Sticks to Ampelmann’s E1000
Siem Offshore Contractors (SOC) has awarded Ampelmann with a contract extension for the E1000 motion compensated access system.
Shell confirms job cuts in Norway
Oil giant Shell has confirmed it will be making job cuts in Norway as workload on projects reduces. Following last week’s reports by the Norwegian oil workers’ union Safe that Shell would be laying off both permanent workers and contractors, due to completion of projects at Draugen and Nyanma, this
Activists confront seismic vessel Amazon Warrior off New Zealand
Seismic vessel Amazon Warrior has been intercepted offshore New Zealand by the Māori people demanding a stop of a seismic survey in the tribal waters off the coast of Ngāti Kahungunu. Te Matau a Māui, a traditional double-hulled ocean voyaging canoe belonging to the people of Ngāti Kahungunu (Hawkes
Malaysia’s Petronas in FLNG first
Malaysian energy giant Petronas said its floating liquefied natural gas (LNG) facility, PFLNG Satu, has loaded the first cargo at the Kanowit gas field, offshore Sarawak. This is the first ever cargo produced by a floating LNG facility. The cargo was fully loaded during the weekend onto the 150,200-
Report: South Korean Ship Sinks off Uruguay
A South Korean ship carrying 24 crew members went missing and is believed to have sunk in the South Atlantic, some 3,700 kilometers off Uruguay, Yonhap News Agency reported. On March 31, the crew of the very large ore carrier (VLOC) Stellar Daisy sent a distress signal to Polaris Shipping, the owner
Oman LNG’s revenues continue to slide
Revenues at Oman LNG dropped 26% to $1.93 billion in 2016, as the collapse of crude prices continues to affect the oil and gas industry. This is the third consecutive year Oman LNG is posting lower revenues. Oman LNG recorded a net profit of just $566 million last year, down 43 percent from the year
Sheen spotted near Hilcorp’s Cook Inlet platform
Unified command has been established in response to reports of a sheen near a platform in the Cook Inlet, Alaska. The command has been comprised of the United States Coast Guard (USCG), Alaska Department of Environmental Conservation (ADEC), and oil company Hilcorp Alaska (Hilcorp). The sheen has be
Cheniere’s Sabine Pass LNG Train 3 commissioning complete
Houston-based LNG player Cheniere said the commissioning of its third liquefaction train at the Sabine Pass LNG export plant in Cameron Parish, Louisiana, has been completed.
Lekoil, GE work to develop Ogo field (Nigeria)
Lekoil, an oil company focused on Africa, has signed a Memorandum of Understanding with GE Oil & Gas for the development of a work programme for the Ogo field in OPL310, offshore Nigeria. Lekoil is currently in discussions with other potential partners for the financing of the OPL310 appraisal progr
Talk of Tokyo: LNG trio to test leverage in push to free-up purchases
By Mark Tay SINGAPORE (Reuters) – The world’s gas industry is descending on Tokyo this week with something other than cherry blossoms on its mind: a trio of Asian LNG buyers testing their collective muscle in a push for more flexible long-term contracts for the fuel. Korea Gas Corp (KOGAS), Japan’s
Eni orders 3D seismic program over Irish offshore license
Italian oil major Eni and its partners have agreed to underwrite and license 1,800 square kilometers of new multi-client 3D seismic data over the Frontier Exploration License (FEL) 3/04 offshore Ireland. FEL 3/04 is situated in a water depth of 1,500 meters and is located some 200 kilometers off the