News
COSL nears end of Gabon seismic survey
China Oilfield Services Limited (COSL), an offshore oilfield service provider, is nearing the completion of a seismic survey offshore Gabon. COSL said on Wednesday that the seismic vessel Hai Yang Shi You 720, or HYSY720 for short, would complete the Gabon survey in early April 2017 as scheduled. Th
Tax cuts lift Saudi Aramco valuation to $1.3 trillion, analyst says
Saudi Aramco, the world’s most valuable oil company, could become one trillion dollars “bigger,” following the hydrocarbon tax cut announced by the Saudi government. Norwegian energy intelligence group Rystad Energy has lifted its Saudi Aramco valuation by about $1 trillion following the announced t
Woodside not threatened by Asian LNG buyers alliance, CEO says
Woodside’s chief executive, Peter Coleman, sees the recent coalition created by major Asian LNG buyers as a sensible move that is no threat to the company.
Coalition advocating LNG as fuel joined by three new members
SEALNG, the industry coalition promoting the adoption of LNG as a marine fuel has been joined by three new members JAX LNG, Petronet LNG and Toyota Tsusho Corporation (TTC).
USCG: Lava Flow Obstructs Vessel Traffic off Big Island, Hawaii
The United States Coast Guard (USCG) has established a temporary safety zone for the navigable waters surrounding the Kilauea Volcano active lava flow entry into the Pacific Ocean on the southeast side of the Big Island, Hawaii, prohibiting vessel traffic in this area. The temporary safety zone will
Oil rises on Libyan supply disruptions, likely OPEC output cut extension
By Henning Gloystein SINGAPORE (Reuters) – Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year. Front-month Brent crude futures <LCOc1>, the intern
GeoSea Installs All Galloper Foundations Two Months Early
GeoSea’s jack-up vessel Innovation has installed all 56 turbine foundations at the 336MW Galloper offshore wind farm two months ahead of schedule, Galloper Wind Farm Ltd. reports.
GeoSea Installs All Galloper Foundations Two Months Early
GeoSea’s jack-up vessel Innovation has installed all 56 turbine foundations at the 336MW Galloper offshore wind farm two months ahead of schedule, Galloper Wind Farm Ltd. reports.
Nine Missing after Ship Sinks off Vietnam
Nine seafarers remain missing after their general cargo vessel Hai Thanh 26 BIDV sank some 44 nautical mile off the coast of Vung Tau, according to Vietnam’s Ministry of Transportation. The 3,074 dwt vessel sank in the early morning hours on March 28 following a collision with another ship. At the t
First 20,000 TEU LNG-ready containership delivered to MOL
Mitsui O.S.K. Lines said it has taken delivery of the world’s largest containership, MOL Triumph, from Samsung Heavy Industries earlier this week.
3D Oil seeking partner for new permit in Australia
3D Oil has been awarded a new exploration permit, WA-527-P in the Roebuck Basin off Western Australia. The company filed a bid on the permit in the December 2016 Australian Offshore Gazettal round. The permit W-16-8 covers an area of 6,590 km2 with average water depths of 120m (65-168m). 3D Oil says
Gazprom inks MoU with Iranian NIOC
Russian giant Gazprom signed a memorandum of understanding with the National Iranian Oil Company, to cooperate in the field of hydrocarbon prospecting, exploration and production within Iran.
Pirates Release Dhow Seized off Somalia
The pirates have released the ocean going dhow that was hijacked on March 23rd in the vicinity of Eyl, Somalia, the IMB piracy reporting centre confirmed. The dhow, which was feared it would be used as a mothership for further attacks on ships further offshore in the Somali waters, was released on S
Baker Hughes looking to trim workforce in Norway
Baker Hughes, one of the world’s largest oilfield services provider is looking to cut its workforce in Norway amid challenging market conditions. Following several reports from Norway that the company will offer severance packages to its Norwegian workforce, Offshore Energy Today has managed to obta