News
Hess decides to spend more in 2017. Shelves Equus development
Energy company Hess Corporation has increased its annual budget after two consecutive years of reducing it. The company also decided to postpone further development of Equus gas fields off Australia. Hess informed on Thursday that its 2017 E&P capital and exploratory budget will be $2.25 billion, co
Eni ordered to reassess its Goliat plans
Norway’s Petroleum Safety Authority has identified multiple breaches in regulations aboard the Eni-operated Goliat platform in the Barents Sea. The PSA Norway on Thursday released reports tackling different issues identified aboard the giant cylindrical FPSO and has ordered Eni to reassess the way
Port of Virginia Sets Annual Box Volume Record
The US Port of Virginia set a new annual record for container cargo volume, having handled more than 2.65 million TEUs in 2016, a 4.2 percent increase over prior year’s total. In 2016, import and export volumes were up 6 percent and 2.6 percent, respectively, over the prior year. “In 2016, we moved
WoodMac: Egypt’s gas market faces more changes
Egypt’s gas market would undergo significant change over the next five years, impacting global LNG market, according to a research by the natural resources consultancy WoodMackenzie.
Australia ups 2016-17 LNG export forecast to 52.4 million mt
The Australian government has raised its forecast for LNG exports for fiscal 2016-2017 to 52.4 million mt, according to the latest quarterly report by the Department of Industry, Innovation and Science. In its previous report named Resources and Energy Quarterly, the department said that Australia’s
Aker Solutions slashes 650 jobs
Norwegian oilfield services company Aker Solutions is reducing its workforce, mainly in the UK, Norway, and India. According to a report from BBC, the company’s employees have been told that 650 workers may be affected by this move, with around 100 affected in Aberdeen and London. According to data
Norway expects to see two major field development plans in 2017
The Norwegian Petroleum Directorate (NPD), a government agency whose task is to manage the oil & gas resources on the Norwegian Continental Shelf, expects ten new plans for field developments in the next few years, with two major ones expected this year. The regulator on Thursday issued a report det
Wind Ambition Ready for Wikinger Action
As of 10 January, C-bed’s floating hotel Wind Ambition has been deployed on the Wikinger offshore wind project in the Baltic Sea, C-bed informed this morning.
Ophir to start drilling Ivory Coast wildcat in May
Oil and gas explorer Ophir Energy is preparing to resume deepwater exploration works in Ivory Coast. The company, which took over the operatorship of the CI-513 offshore block in early 2016, on Thursday said the preparations to drill the Ayame-1 deepwater exporation well off the Ivory Coast were at
Goldman Sachs trims stake in Hoegh LNG Partners
Goldman Sachs cut its position in Höegh LNG Partners, the U.S.-listed partnership formed by Norway’s Höegh LNG. According to a filing with the Securities and Exchange Commission, the U.S. investment bank slashed its stake in Höegh LNG Partners from 18.2 percent to 10.4 percent. Goldman Sachs now hol
Photo of the Day: OSB’s First Walney Extension TPs Waiting for Load-Out
Load-out of the first six transition pieces (TPs) built by Offshore Structures (Britain) Ltd. for the Walney Extension offshore wind farm is expected to start around 16 January, according to a spokesperson from OSB. The company, a Teesside-based joint venture between EEW SPC and Bladt Industries, wi
Photo of the Day: OSB’s First Walney Extension TPs Waiting for Load-Out
Load-out of the first six transition pieces (TPs) built by Offshore Structures (Britain) Ltd. for the Walney Extension offshore wind farm is expected to start around 16 January, according to a spokesperson from OSB. The company, a Teesside-based joint venture between EEW SPC and Bladt Industries, wi
Australia, Japan a Step Closer to Liquid Hydrogen Shipping
Australia and Japan have signed an agreement which will allow liquid hydrogen to be shipped in bulk for the first time, according to the Australian Maritime Safety Authority (AMSA). Japan is developing ship containment systems that will be capable of safely transporting liquid hydrogen in bulk from
EU backs Malta LNG power project
The European Commission approved the Maltese plans to pay Electrogas Malta, operator of the Delimara plant, for providing electricity to the power company, Enemalta.