News
Diamond Offshore wins court case against Petrobras
Offshore driller Diamond Offshore has made a step forward in a court case against Petrobras, stemming from an early rig contract termination last year. Petrobras terminated the contract for the Ocean Valor rig in August 30, 2016. The drilling contract was originally estimated to conclude in October
Henry Hub price up, three Sabine Pass LNG cargoes shipped
Natural gas spot prices in the U.S. increased in most locations in the week ending March 15 on the back of colder weather. The Henry Hub price rose 31¢ from $2.69/MMBtu last Wednesday to $3/MMBtu two days ago, according to the weekly report by the Energy Information Administration issued on Thursday
Kvaerner to upgrade Njord A platform for $588M
Norway’s Statoil has awarded Kvaerner the contract for complete upgrade of the Njord A platform. The contract has an estimated value of around NOK 5 billion ($588 million). “This is one of the most important contracts in the market this year. We are proud of the confidence Statoil is showing us by a
Sequa Petroleum liquidates Norwegian business
After completing consultations with employee representatives, Tellus Petroleum, a part of Sequa Petroleum, has started its liquidation process. Oil and gas company Sequa Petroleum started making plans in February to cease its E&P activities in Norway, conducted through its 100% owned Tellus Petroleu
Fugro continues seep-hunting campaign in Gulf of Mexico
In collaboration with multi-client geoscience data company, TGS, Fugro has continued its hydrocarbon seep mapping campaign in the Gulf of Mexico. Fugro said on Friday that this latest survey named Otos follows the completion of the TGS industry-funded Gigante survey in 2016, on the Mexican side of t
CGG completes processing of seismic data offshore the Philippines
French geophysical services company CGG has completed processing of the Carabao regional multi-client study acquired offshore the Philippines. CGG said on Wednesday that the study integrated over 8,500 kilometers of new broadband pre-stack time-migrated 2D BroadSeis data and complementary marine gra
CGG Finalizes Processing of Carabao Study Data Off Philippines
CGG informed that the final geoscience data for its Carabao multi-client study, acquired offshore the Philippines, is now ready for delivery. The study integrates over 8,500 km of new broadband prestack time-migrated 2D BroadSeis data and complementary marine gravity and magnetic data acquired with
EU Parliament Calls on Ban of Drilling, Shipping of Heavy Fuel Oil in the Arctic
The European Parliament has voted today to pass its Resolution on the Arctic, calling on the ban of oil drilling in the Arctic and shipping of heavy fuel oil so as to protect its vulnerable ecosystem and keep it a low-tension and cooperation area. The parliament called on the Commission and the Memb
Kidnapped Vietnamese Seafarer Killed by Abu Sayyaf
A Vietnamese seafarer who was kidnapped on February 19th by Abu Sayyaf, an affiliate to the ISIS Islamic terror group, together with five other crew members of the Vietnamese-flagged bulk carrier MV Giang Hai was killed while trying to escape his captors. The information was confirmed by the Joint T
Photo of the Day: Brave Tern Lines Up Wikinger Kit
Fred. Olsen Windcarrier has shared a photo of its wind turbine installation vessel Brave Tern hard at work transporting and installing wind turbine components at Iberdrola’s 350MW Wikinger offshore wind farm in the German part of the Baltic Sea.
Okra Energy adds more LNG experience to team
New York-based Okra Energy named Conrado Rodrigues as vice president of business development.
OGA works to revitalize exploration in UKCS
OGA, the UK’s oil and gas authority established in 2016, has released its activity plan for the next two years, and the revitalization of exploration has been placed on top of the list. The government body formed to help boost economic recovery of the UK oil and gas resources has identified 10 prior
Norway Plans to Build World’s First Ship Tunnel
The construction of the world’s first full-scale ship tunnel in Norway could begin as early as next year as the country’s Coastal Administration is in the finishing stages of the project’s feasibility study. Stad Ship Tunnel is planned to span 1.7 kilometres in lenght, 37 metres in height and 26.5 m
Gate LNG shareholder Gasunie reports lower profit
Dutch gas infrastructure company and a shareholder in the Gate LNG terminal in Rotterdam, Gasunie, reported a decline in net profit and revenue.