News
US Approves New Water Resources Bill
The US has adopted a final water resources development bill which focuses on the Harbor Maintenance Tax, providing a continuation of the donor and energy transfer port program, as well as on modernizing the channel deepening cost-share formula. Rebranded as the Water Infrastructure Improvements for
FERC denies rehearing on Veresen’s Jordan Cove LNG export project
The U.S. Federal Energy Regulatory Commission rejected a rehearing for Veresen Inc.’s multibillion-dollar proposal to build a liquefied natural gas (LNG) export terminal in Oregon. The FERC has earlier this year denied a permit to two Veresen units to construct, own and operate the 6 mtpa Jordan Cov
Bahrain LNG secures funds for import terminal project
Bahrain LNG said it has completed limited recourse financing for the LNG receiving and regasification terminal project.
BOEM: New York Offshore Wind Auction Still On Schedule
The US Bureau of Ocean and Energy Management (BOEM) is preparing to hold the auction of the wind energy lease area off the coast of New York on 15 December, as planned. Namely, the wind lease sale was said to be delayed last week following a complaint filed to the federal court by fishing groups. Ho
Trump likely to name Exxon CEO secretary of state – source
By Steve Holland BALTIMORE (Reuters) – U.S. President-elect Donald Trump is expected to name the chief executive of Exxon Mobil Corp <XOM.N> as the country’s top diplomat, a source familiar with the situation said on Saturday, an appointment that would put in place an official with close ties to the
Non-OPEC nations agree to cut oil output
Following the recent agreement by OPEC members to cut production to stabilize oil prices, the cartel on Saturday held a meeting with a number of non-OPEC nations which have committed to cut their output as well. Oil price on Monday rose to highest level since mid-2015. Ministers from OPEC met with s
Atlantic takes operatorship of Orlando & Kells licenses
Faroese oil company Atlantic Petroleum has gained operatorship over two UK North Sea licenses, the Orlando and Kells. Atlantic requested to be named the operator of UK Licenses P.1606 and P.1607, the Orlando and Kells, at the end of November as the previous operator, Iona Energy, is currently under
Allseas set to sign major pipe laying deal
Swiss-based offshore contractor Allseas is on the verge of signing another major pipe laying deal, after securing the TurkStream pipeline deal last week. Apart from TurkStream work, Allseas has also signed a letter of intent to work on offshore pipelaying for the Nord Stream 2 Pipeline through the B
Glencore, Qatari fund ink deal to buy 20 pct of Rosneft
Russian oil firm Rosneft has officially signed a deal to sell a 19.5% stake to Qatar Investment Authority, one of the world largest sovereign funds and Glencore, a commodities producer and trader. The sale, of which Offshore Energy Today wrote last week, will see the consortium pay 10.2 billion euro
Qatargas and RasGas to merge
Qatar, the world’s largest liquefied natural gas (LNG) exporter, will merge its two production companies, Qatargas and RasGas. State-owned Qatargas and RasGas, Qatar’s number one and two LNG producers respectively, will now operate under a single entity, named Qatargas, Saad Sherida Al-Kaabi, CEO of
Trump likely to name Exxon CEO secretary of state
By Steve Holland BALTIMORE (Reuters) – U.S. President-elect Donald Trump is expected to name the chief executive of Exxon Mobil Corp as the country’s top diplomat, a source familiar with the situation said on Saturday, an appointment that would put in place an official with close ties to the Russian
Delek Group: Leviathan field to start production by 2019
The Leviathan partners on Monday said that the natural gas from the Leviathan field will be produced by the end of 2019.
Popular news, December 5 – 11, 2016
Read the most popular offshore energy news of the week
Top News of the Week, 5 – 11 December 2016
First Galloper Monopiles Ready to Go First monopiles for the Galloper offshore wind farm have been loaded onto a barge and will soon be transported to the main installation vessel, according to Innogy’s social media pages. Block Island Wind Farm to Go Online with 4 Turbines Block Island Wind Farm, A