News
Study: Shell tops ideal O&G employers list
A study of oil and gas workforce, conducted by Rigzone, has revealed which operators and service companies are rated highest by oil and gas professionals based on key issues including values, performance and pay rates. According to the study Shell, Chevron, ExxonMobil, BP and Halliburton make up the
Woodside, BHP Billiton complete Scarborough transaction
Australian oil and gas company Woodside has completed the acquisition of half of BHP Billiton’s Scarborough area assets in the Carnarvon Basin, located offshore Western Australia. The acquisition has completed successfully for a purchase price of $250 million and a contingent payment of $150 million
DW: Non-OPEC NOCs best positioned for OPEC meeting outcome
The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing said Douglas-Westwood, an energy intelligence group, in its DW Monday report. In this conte
Brexit Sets Stage for UK Free Ports
Brexit could provide the United Kingdom with new economic freedom if the country exits the EU Customs Union, a new report by UK’s Centre for Policy Studies (CPS) says. The report, entitled The Free Ports Opportunity, calls on the country’s government to take the opportunity to create Free Ports acro
Jamaica eyes regional LNG hub status
Jamaica could become a hub for the purchase and redistribution of LNG in the region, according to the country’s minister of science, energy and technology, Andrew Wheatley.
Marine Robotics Innovation Centre Marks First Anniversary
Southampton’s Marine Robotics Innovation Centre at the National Oceanography Centre (NOC) is this week celebrating its one year anniversary by hosting a week of marine technology events. Opened in November last year, by Jo Johnson, minister of state for universities and science, the centre now has 1
LNG Japan grabs insurance for Tangguh LNG expansion project
Nippon Export and Investment Insurance said it will provide insurance for LNG Japan Corporation’s debt guarantees for the Tangguh LNG expansion project in Indonesia.
Oil pinned near three-month lows as gloom grows over OPEC
By Amanda Cooper LONDON (Reuters) – Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U.S. presidential election has boosted st
Report: Shell looking to sell business in Norway
Global oil major Shell has reportedly hired a bank to review its Norwegian assets, which could possibly lead to Shell exiting the Scandinavian country. According to the article by The Times, the company has assigned Rothschild bank to review the “$3bn Norwegian business.” The Times wrote on Sunday t
GAC UK Joins Beatrice Team
Seaway Heavy Lifting (SHL) has appointed GAC UK to provide shipping services support during the construction and installation of foundations, inter-array cables and offshore substations at the 588MW Beatrice offshore wind farm. SHL, the engineering, procurement, construction and installation (EPCI)
Chevron: Gorgon Train 1 resumes production after “minor maintenance”
Production at the first liquefaction train of Chevron’s giant Gorgon LNG facility on Barrow Island in Western Australia has restarted. “Production on Gorgon LNG Train 1 was temporarily halted for minor maintenance last week. LNG production has resumed safely, ” a Chevron spokesman said in an emailed
Meriaura Group Introduces Eeva VG EcoCoaster
In December 2014, the Finnish Meriaura Group entered into a contract with Dutch shipyard Royal Bodewes for the construction of two 4,700 dwt VG EcoCoasterTM general cargo vessels. The delivery of both vessels was scheduled for autumn 2016: first Eeva VG, and, approximately three months later, the se
Are UK ports ready to accept decommissioned rigs? Not yet, law firm says
Enhanced Government support and following through on Budget promises are needed if UK industry is to cash in on multi-billion-pound decommissioning projects in the North Sea, Pinsent Masons, a UK law firm says. In a statement on Monday, the company said that Scottish ports were also at risk of losin
Australian LNG exports hit record highs in October, report says
Australia’s monthly LNG exports for the month of October reached the value of A$1.75 billion (Approx. US$1.32 billion) beating the previous record of A$1.72 billion set in January 2015, according to a report by energy analyst, EnergyQuest.