News
InterOil: ExxonMobil deal clears final hurdle
InterOil corporation said the Supreme Court of Yukon granted a final order approving the proposed $2.5 billion takeover by the US-based energy giant ExxonMobil.
Boa Shipping Gets Gulmar Payment for Boa Rover Dispute
Boa Shipping , a wholly owned subsidiary of Norwegian shipowner Boa Offshore, has received approximately USD 16 million as dividend on its claim against Gulmar Offshore Middle East. Namely, the claim relates back to 2009 when the charter contract for the vessel Boa Rover was cancelled and disputed b
Boa gets payment for canceled vessel charter
Norwegian-based offshore supply vessel owner Boa Offshore has received payment related to a canceled charter by Gulmar Offshore for its former vessel Boa Rover. The company’s 100% owned subsidiary, Boa Shipping, received approximately $16 million as dividend on its claim against Gulmar Offshore Midd
Oil Search returns to profit
Oil Search, the owner of a 29 percent stake in the PNG LNG project, has reported a full-year net profit of $US89.8 million, compared to last year’s $39.4 million loss. However, its core profit, excluding one-offs, fell 70 percent to $106.7 million as average LNG prices dropped by a third and oil pri
Australia Pacific LNG CEO retires
Australia Pacific LNG CEO, Page Maxson, said he intends to retire in February 2017, after guiding Australia Pacific LNG from project concept through construction to commercial production.
Forland Secures Work for Its Vessel During EMAS Standstill
Forland Subsea has entered into a time charter agreement with an undisclosed contractor for the Lewek Inspector vessel, following a standstill agreement with EMAS AMC. Forland Subsea and EMAS AMC have entered into a standstill agreement for the duration of the short-term charter. The expected charte
Woodside names Westfarmers’ CEO as chairman-elect
Australian LNG player Woodside said that Richard Goyder will take the position of the company’s chairman once the current chairman Michael Chaney steps down in April 2018.
Japan’s LNG imports rise 14.6 percent in January
Liquefied natural gas (LNG) imports into Japan increased 14.6 percent in January as demand for the chilled fuel for power generation rose on the back of low winter temperatures. Japan imported 8.30 million mt of LNG in January, as compared to 7.24 million mt the year before, according to the provisi
Study gives new hope for Rockall Basin exploration
Geologists from the University of Aberdeen have studied the latest seismic data supplied by the UK’s Oil and Gas Authority (OGA) to identify potential future exploration opportunities in the Rockall Basin area of the North Atlantic, signaling new hope for exploration. The University stated that most
Norway’s production falls 2 pct in January
Norway’s preliminary production figures for January 2017 show an average daily production of about 2 024 000 barrels of oil, NGL and condensate, according to a report by the Norwegian Petroleum Directorate (NPD). This is 42 000 barrels per day (about 2 percent) less than December 2016. Total gas sal
Shell: Bright Outlook for LNG Trade
By 2020, the size of global LNG trade is projected to grow by 50% compared to volumes in 2014, driven particularly by LNG exports from Australia and the USA, oil and gas major Shell said in its first LNG Outlook. One-third of the LNG supply capacity growth is from facilities that recently commenced
Pirates Kill One, Abduct Six Off Philippines
Pirates killed one and abducted six sailors of a Vietnam-flagged ship in an attack off the southern Philippines on February 19, according to a report issued by ReCAAP ISC. The 4,739 dwt MV Giang Hai was boarded by gunmen northwest of Doc Can Island, while the vessel was underway from Indonesia to Il
PHOTO: Ultra Deep Cuts Steel for DSCV Deep Installer
Ultra Deep Solutions has held a steel cutting ceremony for its diving support and construction vessel ‘Deep Installer’. The vessel, being built by China Merchants Heavy Industry shipyard, is scheduled for delivery in Q4 2018. Deep Installer will be Canadian Flagged. It is based on the “Red Class 602
A Go-Anywhere Yacht under Passenger Yacht Class and Polar Code
Every superyacht is unique in its own way, but some are more unique than others. One of the most unique superyachts sailing around is Legend, which has a history, capabilities, sailing grounds and purpose which are all very different from any other yacht. Charter business Motor yacht Legend is owned