News
Top news of the week November 14-19
Novatek CEO: first Yamal LNG cargo on track Novatek’s giant Yamal project in Russia is on track to ship its first cargo of LNG by the end of next year with the project’s plant around 85 percent complete, according to Novatek’s CEO Leonid Mikhelson. EAGC: will we see another Prelude FLNG? Hague-based
UK: Hurricane gets ‘out of round’ license. Hopes for Lancaster extension
Hurricane Energy, a UK-based oil and gas company developing its Lancaster discovery off UK, has been awarded the Halifax P2308 license off the Shetland Isles by the Oil and Gas Authority in an out of round application. Hurricane said on Friday that the license extends northeast from the company’s ex
USA: Offshore oil revenue sharing bill shot down in Senate
US Senator Bill Cassidy from Louisiana saw its proposed offshore revenue sharing bill, shot down on the floor of the US Senate, on Thursday. Cassidy’s proposed bill called for more equitable revenue sharing for states involved in existing, new or future energy production from both onshore and offsho
USCG: Bulker Refloated in Beaufort Inlet
The 2014-built cargo ship Pola Palekh has been refloated after it ran aground in Beaufort Inlet Channel, North Carolina, on November 18, 2016, the US Coast Guard (USCG) informed. Tugboats assisted the Pola Palekh off the shoaling and escorted the vessel to Morehead City State Port Terminal, with the
North Pacific Fishing Fleet Plans USD 1.6 Billion Upgrade by 2026
USD 1.6 billion is expected to be spent on modernization of the North Pacific fishing fleet in the next decade, with a possibility to bring more contracts to Puget Sound, a new report released by the Port of Seattle and the Washington Maritime Federation shows. Published on November 17, 2016, the re
Industry takes another look at 50 years of UKCS exploration data
Common Data Access (CDA), a subsidiary of Oil & Gas UK and provider of data management services for seismic and well information to the sector, will host an industry workshop to go through the results of the first Unstructured Data Challenge 2016. The Unstructured Data Challenge 2016 set by the CDA
ExxonMobil’s Guyana discovery declared commercial
Oil major ExxonMobil has declared its ‘world class’ Liza oil discovery, in Stabroek block offshore Guyana, commercial. The company has this week officially given notice of its discovery of commercial quantities of oil in the area via a letter to the country’s Minister of Natural Resources, Raphael T
WINDENERGY DEVELOPMENTS
Following Japan s 2011 Fukushima disaster, the German government decided to move away from largely nuclear power and carbon-based energy toward clean renewables such as wind, solar, biomass and hydropower. Offshore wind energy will play a great role in this transition. Last year alone Germany connec
Taming the Baltic Sea for the Viking (Gallery)
Bladt is set to send off the last of 41 jacket foundations manufactured for the 350MW Wikinger offshore wind project, after the company loaded it on a barge yesterday. Spanish Navantia is in charge of the remaining 29 jackets for the 70-turbine wind farm in the German part of the Baltic Sea. The fir
Petronet LNG’s profit surges 82 pct
Petronet LNG, India’s largest importer of the chilled fuel, on Thursday reported an 82 percent rise in its quarterly net profit, boosted by higher regasification volumes at its Dahej terminal. The company posted a net profit of 4.60 billion rupees ($67 million) for the September quarter as compared
Port of Virginia Sees Record Monthly Container Volumes
US Port of Virginia handled a total of 238,567 TEUs in October, making it the single-busiest month in the port’s history despite the challenges presented by Hurricane Matthew. The port recorded a 2.2 percent increase in its TEU volumes this October, compared to 233,466 TEUs seen in the same month la
GC Rieber’s ‘Polar Onyx’ vessel SURFs in W. Africa
Norwegian offshore shipowner GC Rieber Shipping has secured a time charter contract for its Polar Onyx SURF vessel. Under the charter, with Marine Platforms Limited (MPL), the Polar Onyx will perform subsea construction/SURF installation and field development for end client Chevron in West Africa. T
Awilco LNG posts Q3 loss, freight income slightly down
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, reported a lower net loss in the third quarter due to the sale of its two laid-up carriers. Awilco LNG reduced its net loss to US$4.2 million in the third quarter, as compared to $11.5 million in the previous quarter, the LNG shipper
Sirius Petroleum hires Add Energy for well management contract in Nigeria
Sirius Petroleum, a company working to develop the Ororo field offshore Nigeria has signed a well management contract with Add Energy. The contract is for a multi-well campaign, part of Sirius’ shallow offshore development project in Nigeria, starting in the first half of 2017. Sirius said that the