News
Report: Aker BP, Hitec in talks to buy Exxon’s Norwegian assets
Three companies are reportedly looking to buy ExxonMobil’s Norwegian offshore assets estimated to be worth around $1 billion. According to last week’s news report by Bloomberg, who quoted people familiar with the matter, Aker BP, HitecVision, and Neptune Oil & Gas are in talks with Exxon to buy stak
Ports of Auckland to study LNG for powering ships in port
Ports of Auckland has commissioned a feasibility study to look at alternative methods for providing power to cruise ships when in port, which includes using LNG barges.
Hawaiian Electric dismisses LNG from its energy plans
The Hawaiian Electric Companies have not included liquefied natural gas as fuel for power generation in the near-term energy plans.
Oil steady in quiet holiday season trade; supply cut deal to kick in January 1
By Osamu Tsukimori TOKYO (Reuters) – Oil prices were little changed on Tuesday in light pre-New Year holiday trading with markets adopting a wait-and-see stance less than a week before the first output cut deal agreed between OPEC and non-OPEC members in 15 years is scheduled to kick in. London Bren
Petrobras needs no further funding in next two years
Brazilian state-owned oil company has received $5 billion from the China Development Bank (CDB) and needs no further net funding for the next two years. Following the execution of the facility agreement with the CDB earlier in December, the Brazilian oil company now received $5 billion from the bank
DNV GL sets up committee for offshore equipment manufacturers
DNV GL’s Center of Excellence for Drilling & Well Control Equipment recently hosted the inaugural gathering of the North American Offshore Equipment Manufacturers’ Committee (NAOEMC). The NAOEMC is comprised of a group of industry experts that establish expectations and align the industry for future
Report: Total to spend $1B per year in Brazil
Total E&P do Brasil, a Brazilian arm of the French oil major Total, reportedly plans to invest around $1 billion per year in Brazil. According to a report by Reuters on Monday, Total’s Brazilian operations head, Maxime Rabilloud, told Brazilian financial newspaper Valor Econômico the company plans t
VIDEO: Ivar Aasen field goes online
On Saturday, December 24 the Norwegian oil and gas company Aker BP started production from its operated Ivar Aasen field, off Norway. The company produced a video of the project start-up, which came four years after the Plan for Development and Operation (PDO) was submitted. The field’s economic lif
VIDEO: Cargo Ship Grounds, Nine Crew Evacuated
A total of nine crewmembers were evacuated from the general cargo vessel Cabrera after the ship ran aground on the northern coast of Andros Island, Greece, according to the Hellenic Navy. The naval helicopter managed to remove the vessel’s crew, consisting of four Philippine, three Polish, one Ukrai
Japan reveals plan to turn Yokohama port into LNG bunkering hub
Japan’s Ministry of Land, Infrastructure, Transport and Tourism, on Monday informed a feasibility study report on the development of LNG bunkering hub at the port of Yokohama has been completed.
USA: Freeport LNG project moves ahead
The construction of the Freeport LNG liquefaction and pretreatment facilities located on Quintana Island in Texas has advanced with many of the large, process components arriving on site.
Search Ends for Missing Royal Caribbean Passenger
The United States Coast Guard has suspended the search for a passenger who fell overboard from the Independence of the Seas cruise ship on December 22. The search was suspended at 5:44 p.m. on Friday, after the Coast Guard’s 7th District command center coordinated 38 hours of searching. Identified a
Qatargas starts up Laffan Refinery 2
Qatar’s LNG producer, Qatargas, started up the commercial operations at the Laffan Refinery 2, expanding the country’s production capacity.
California Attorney General sues US gov’t over offshore fracking risks
California Attorney General Kamala Harris and the California Coastal Commission (CCC) have filed a lawsuit challenging the federal government’s analysis of offshore fracking’s threats to the California coast. The lawsuit, filed last Monday, challenged the U.S. Department of the Interior’s final envi