News
CGG Delivers Data for Gabon South Basin Survey
CGG informed that the final processed depth volumes from the 3D BroadSeis multi-client survey in the Gabon South Basin are now available for license. As technical consultant to the Gabonese Republic’s Ministry of Petroleum and Hydrocarbons, CGG acquired the broadband seismic survey of over 25,000 km
Magnolia LNG granted non-FTA export approval
Perth-based LNG Limited on Thursday said its Magnolia LNG project has been granted authorization by the U.S. Department of Energy to export liquefied natural gas to non-FTA countries.
Oil prices surge, smash trading volume records as OPEC and Russia agree output cut
Oil prices shot up 13 percent, smashing trading volume records, after OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned they could remain modest by historical comparison as other producers fill the gap.
Roll-Royce axes 800 jobs in Marine business
Rolls-Royce said on Thursday that around 800 workers will be laid off as the company continues the transformation of its Marine business.
Hyperdynamics hires drillship for Fatala well
Offshore oil exploration company Hyperdynamics has signed a definitive drilling services contract with Pacific Drilling to engage the Pacific Bora drillship. The company will use the drillship for a drilling campaign offshore the Republic of Guinea, starting in the second calendar quarter of 2017. “
Iveco: sixth LNG station opened in Italy
Iveco, Maganetti and Levissima-Sanpellegrino opened the sixth LNG station in Italy in Gera Lario (Como).
Probe finds flaws in preparations for Oseberg wellhead platform use
Norwegian offshore safety agency the Petroleum Safety Authority (PSA) has found several irregularities during its audit of Statoil’s preparation to use the Oseberg H platform that will be set in the North Sea. The Oseberg Vestflanken 2 is under development, with scheduled production start in 2018. T
Race Bank to Get First Blades Produced in Hull
With the official opening of Siemens blade factory in Hull set to take place today, DONG Energy informed that the first blades manufactured at the factory will be used at its Race Bank offshore wind farm. Brent Cheshire, DONG Energy’s UK Country Chairman, said: “DONG Energy is absolutely committed t
Race Bank to Get First Blades Produced in Hull
With the official opening of Siemens blade factory in Hull set to take place today, DONG Energy informed that the first blades manufactured at the factory will be used at its Race Bank offshore wind farm. Brent Cheshire, DONG Energy’s UK Country Chairman, said: “DONG Energy is absolutely committed t
NYSERDA Ready for New York Offshore Wind Auction
The New York State Energy Research and Development Authority (NYSERDA) has submitted documents and bid deposit for the federal auction of an offshore wind site off New York, scheduled to open on 15 December. The organisation has filed qualifications and bidder’s financial forms to the U.S. Departmen
EU Extends Counter-Piracy Op until 2018
On November 25, 2016, the European Council extended Operation Atalanta’s mandate to deter, disrupt and repress acts of piracy off the coast of Somalia, until December 31, 2018. The two-year mandate extension comes amidst concerns within European Union Member States that whilst pirate attacks on merc
Toxic Fumes Kill Three on RoPax in Italy
Three people were killed and another was seriously injured by toxic fumes during maintenance works on board the roll-on/roll-off passenger (RoPax) ship Sansovino which was moored at the Port of Messina, Italy, on November 29, 2016. Six men were cleaning a tank on board the 1989-built vessel owned by
Golar LNG shrinks loss, says shipping market improving
Bermuda-based LNG shipper, Golar LNG on Wednesday reported a third-quarter operating loss of $28.3 million, as compared to a loss of $37.2 million in the quarter before. Golar LNG said that both shipping rates and utilization improved during the quarter with utilization increasing from 31 percent in
OPEC agrees first output cut since 2008, details unclear
By Ahmad Ghaddar, Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept “a big hit” on production and agree to arch-rival Iran freezing output at pre-sanctions levels.