News
LNG to fuel cleaner marine transport, IGU report says
The International Gas Union (IGU) latest report highlighted the detrimental impact of marine transport on air quality levels, emphasizing the positive role LNG can play in combatting these impacts as an alternative and cleaner fuel for shipping.
Eni strikes oil offshore Mexico
Italian oil company Eni has informed it has “successfully drilled” the Amoca-2 well in the shallow waters of Campeche Bay, offshore Mexico, confirming the presence of oil in multiple reservoirs. Amoca-2 is the first well drilled by an international oil major in Mexico since the 2013 Energy Reform. I
U.S. Coast Guard medevacs OSV crew member
U.S. Coast Guard boat crew medevaced a 45-year-old man from an offshore supply vessel (OSV), 14 miles off the Texas Point Wildlife Refuge on Wednesday morning. The Coast Guard said on Wednesday that, at approximately 7:45 a.m., the Coast Guard Sector Houston-Galveston received a report from the 120-
B.C. to up support for utilities’ investment in LNG fueling
The government of British Columbia is looking to support investments by natural gas utilities to increase the use of LNG in the transportation, marine and other sectors and reduce greenhouse gas (GHG) emissions.
Sec. Zinke: Strong GoM lease sale reflects industry optimism
A total of 28 offshore oil and gas companies took part in the latest offshore lease sale offering acreage in the central part of the U.S. Gulf of Mexico. The Lease Sale 247, first under the Trump administration, garnered $274.8 million in high bids for 163 tracts covering 913,542 acres in the Centra
Rockhopper looking to get Ombrina Mare money back from Italy
UK-based oil and gas company Rockhopper Exploration has started international arbitration proceedings against Italy in relation to the offshore Ombrina Mare project. The Ombrina Mare is an appraisal/development project located off the Abruzzo, a region in Italy, in the shallow waters of the Central
Asian LNG buying giants join forces to secure more flexible contracts
Japan’s JERA, the world’s largest corporate liquefied natural gas (LNG) buyer, has signed a deal with South Korea’s Kogas and China’s CNOOC Gas and Power Trading & Marketing to cooperate in the LNG business and to secure more flexible contracts. Under the memorandum of understanding, the trio would
South Korea Lifts Sewol Wreck
The South Korean government managed to lift the wreck of the ferry Sewol in the morning hours of March 23 following overnight salvage operations, according to the country’s Ministry of Oceans and Fisheries. The hull of the vessel, which sank three years ago with over 300 people on board, was some 6
GasLog cashes in $250 million through public offering
GasLog, an international owner, operator and manager of LNG carriers, raised $250 million through its latest public offering.
Denmark: Tyra won’t be shut as Maersk reaches deal with gov’t
Danish oil company Maersk Oil has reached an agreement with the Government of Denmark which it says will facilitate future oil and gas investments in the Danish North Sea and protect industry jobs in Denmark. To encourage investment in oil extraction in the North Sea the Government has lowered taxes
UK hands out 25 offshore licenses to 17 oil companies
UK’s Oil and Gas Authority (OGA) has offered for award 25 licences for 111 blocks or part blocks to 17 companies in the 29th Offshore Licensing Award to enable further exploration and production across frontier areas of the UK Continental Shelf (UKCS). The 29th Licensing Round, launched on July 27,
Eni bags pair of Ivory Coast blocks
Italian oil company Eni has obtained majority stakes in two new exploration blocks off the shore of the Ivory Coast. The two blocks are located approximately 50 km from the country’s coastline, the company said in a statement on Wednesday. The two deep offshore blocks, denominated CI-101 and CI-205,
Room for improvement found on Statoil’s Åsgard B
Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has found two improvement points during an audit of load-bearing structures and maritime systems on Statoil’s Åsgard B platform. The Statoil-operated Åsgard oil and gas field in the Norwegian Sea is located around 200 kilometers from th
BigRoll takes delivery of final MC vessel
BigRoll Shipping, a heavy marine transportation provider, has taken delivery of its fourth and final MC Class vessel, the BigRoll Beaufort. The newbuild vessel was handed over to BigRoll by Cosco Dalian Shipyard in Leiden, the Netherlands, the owner of the vessel said in a statement on Monday. The v