News
Statoil finds oil and gas near Gimle field
Norway’s Statoil has found oil and gas at its wildcat well in the Norwegian sector of the North Sea. The company, operator of Gimle Unit and production licence 193, has completed the drilling of wildcat well 34/10-55 S. According to the Norwegian Petroleum Directorate, the company encountered a tota
Colombia Seizes Drugs Found on board German Boxship
Some 453 kilos of drugs were found on board a containership at the Port of Santa Marta, Colombia, the country’s Office of the Attorney General said in a statement. Cocaine hydrochloride, believed to be worth around USD 27 million, was discovered in 18 bundles hidden on board Hammonia Emden and desti
Australia’s gas industry to be strengthened by technology
The role Australian gas could play in the diverse energy mix beyond 2030 could be strengthened by technology, according to a new vision launched by the country’s gas industry.
Shell sells Gabon onshore assets
The Hague-based LNG giant Shell reached an agreement with Assala Energy Holdings, a Carlyle Group company, to sell its Gabon onshore interests for US$587 million.
Tyra agreement encourages SH Group to open Esbjerg department
After the Danish government sanctioned the life extension plans for the offshore Tyra field, the SH Group has decided to establish a new department in Esbjerg. SH Group develops, produces, and services hydraulic and mechanical system solutions for the offshore, marine, and industrial sectors. The co
Update: Body Recovered from Sunken Fishing Vessel that Collided with Midvolga 2
Spanish Maritime Safety Agency (Salvamento Maritimo) has located one of the bodies of the two missing crewmembers of the fishing vessel who went missing after their vessel collided with the Russian tanker Midvolga 2. Following the collision on March 20, the boat El Fairell sank three miles from the
South Korea’s Daewoo Shipbuilding to get fresh $2.6 billion bailout
By Joyce Lee SEOUL (Reuters) – South Korean state banks are preparing a fresh $2.6 billion (2 billion pounds) bailout for floundering Daewoo Shipbuilding and Marine Engineering Co Ltd, which has built up huge losses from offshore projects and risks missing debt repayments. Without the infusion of fu
Maersk’s Tyra redevelopment to revive Faroe’s Trym
Following an agreement between Denmark and Maersk Oil which enables a full redevelopment of the Tyra field in the Danish North Sea, production from the Faroe-operated Trym field off Norway will not cease next year as it had been previously expected. Earlier on Thursday, Maersk Oil informed about the
World’s first LNG bunkering vessel to arrive in Zeebrugge by April 2
The world’s first purpose-built LNG bunkering vessel, Engie Zeebrugge, built for Engie, Fluxys, Mitsubishi Corporation, and NYK’s Gas4Sea partnership is set to arrive in Zeebrugge by April 2.
Liberian Registry Hits 150 Mn Gross Ton Mark
The Liberian Registry, which holds the position of the second largest ship registry in the world, behind Panama, in terms of numbers of ships and gross tonnage, has passed the historic milestone of 150 million gross tons. Following registration of the 43,301 gross ton bulk carrier SBI Jive, owned by
Report: South Korean Shipbuilders to Resume Building Container Cranes?
South Korean shipbuilders could see a return to the container crane market, Yonhap News Agency cited industry sources as saying. The announced move comes as the Busan Port Authority (BPA) is considering plans to order a number of gantry cranes from compatriot shipyards. The cranes are reportedly int
Statoil expands its international offshore portfolio
Norwegian oil major Statoil has expanded its international offshore acreage portfolio by taking part in offshore lease sales in the UK and the US. In the U.S., the company was deemed the high bidder on 13 leases in the central region Gulf of Mexico lease sale 247, which took place on Wednesday, Marc
Norway green-lights Sigyn lifetime extension
The Norwegian Petroleum Directorate (NPD), a government agency that manages oil and gas resources, has granted consent for continued use of the subsea facilities on the Sigyn field in the North Sea from the end of 2017 until the end of 2022. The licensees in Sigyn are ExxonMobil, the operator, with
China’s LNG imports continue to rise
China, world’s largest energy consumer and the third-biggest LNG importer, boosted its imports of the chilled fuel in February by 28.5 percent year-on-year. China’s LNG imports increased to 2.37 million mt in February when compared to 1.85 million mt in the same month in 2016, according to the Gener