News
Explosion hits Nigeria LNG pipeline
Nigeria LNG, the operator of the 22 mtpa liquefied natural gas plant on Bonny Island, reported a pipeline explosion on Wednesday, February 22.
Collaboration in the Cloud
By e-office More QHSE compliance and control It is not getting easier to meet higher quality, health, safety and environment (QHSE) standards. Regulations, costumer demands, industry standards – how do you as an offshore or maritime company stay compliant and in control, and how do you stay ahead of
Leviathan gas field FID taken (Israel)
Israeli firm Delek Group has said that the Final Investment Decision has been made for the development of the giant gas field in the Mediterranean – the Leviathan. The company on Thursday said its subsidiaries Delek Drilling and Avner Exploration had taken the fid the development of Phase 1A in the
ExxonMobil completes InterOil acquisition
InterOil, a company with assets in Papua New Guinea, informed that the previously announced transaction with U.S. oil major Exxon Mobil has been completed. The company said on Wednesday that, under the terms of the transaction, ExxonMobil acquired all of the outstanding common shares of InterOil. In
Delek Group: Leviathan partners reach FID
Delek Group said a final investment decision for the development of the first phase (Phase 1A) in the development plan of the Leviathan gas field has been reached by the project partners.
BP wraps up Senegal transaction with Kosmos
Kosmos Energy has completed a transaction under which BP bought stake in its blocks off Senegal. The duo is looking to produce first gas from the Tortue project by 2021. In the second half of December 2016, Kosmos and BP decided to team up in Mauritania and Senegal. BP agreed to buy a 62% working in
Repsol says Canaport LNG regas volumes down on mild weather
Spanish energy giant Repsol said Thursday its Canaport liquefied natural gas (LNG) import terminal in Canada has during the last year regasified 30.4 percent less of the fuel than the year before. Canaport’s LNG regasification volumes reached 16 trillion British thermal units (tBtu) in 2016, as comp
OGA recruiting volunteers for well P&A optimization program
UK’s Oil and Gas Authority (OGA) has begun a search for operators to voluntarily participate in a multi-operator, well plug and abandonment (P&A) optimization program. OGA said on Thursday that the objective of the pilot program was to demonstrate the cost savings which can be achieved through colla
TGS, Schlumberger reimaging central GOM
TGS and Schlumberger have announced a new multi- and wide-azimuth (M-WAZ) multiclient reimaging program in the Central U.S. Gulf of Mexico. According to TGS, a Norwegian seismic specialist, final results are expected in early 2018, ahead of a period “when substantial block turnover in the area is an
Mercator sells Virini Prem FSO
Mercator Offshore has completed the previously announced sale of its Virini Prem floating production unit. The company in December 2016 said it would sell the unit for no less than $76 million to Oriental Resources. Oriental is a co-venturer and a production sharing partner of Ebok field offshore Ni
EIA: LNG exports to boost U.S. natural gas trade
The United States is expected to become a net natural gas exporter by 2018 due to the rise in exports of liquefied natural gas (LNG) according to the Energy Information Administration.
Repsol profitable in 2016. Production rises
Spanish oil firm Repsol has reported a full year 2016 net profit of 1.7 billion euros, up from a net loss of around 1.4 billion euros a year ago. According to Repsol, this is the company’s highest annual net income in the last four years, boosted by the company’s successful execution of its efficien
Cheniere Energy Partners makes new addition to BoD
U.S. LNG export player Cheniere said changes have been made to its board of directors of Cheniere Energy Partners, following the resignation of Don Turkleson.
Moody’s says LNG prices to remain capped beyond 2020
Ratings agency Moody’s expects global liquefied natural gas (LNG) prices to remain constrained beyond 2020 as a wave of fresh supply capacity comes online at a time when demand from the world’s largest importers is weakening. Strong LNG demand growth from China, India and new markets would not be en