News
Oil stumbles as Trump stuns markets with White House win
Oil prices tumbled on Wednesday as Donald Trump stunned the world by winning the U.S. presidential election, throwing global markets into turmoil in a result reminiscent of June’s Brexit vote.
Siccar Point sees OMV UK’s North Sea portfolio as ‘strategic fit’
Following an announcement on Tuesday regarding the sale of the wholly owned UK subsidiary by the Austrian oil and gas company OMV, the buyer Siccar Point Energy on Wednesday confirmed the $1 billion worth acquisition stating that OMV UK is a “strategic fit” for Siccar Point. Aberdeen-based Siccar Po
Inpex: Ichthys LNG pipeline ready to transport gas
The Inpex-led Ichthys LNG project’s 890 kilometer gas export pipeline is ready to deliver gas from offshore Ichthys field to the project’s onshore facilities at Bladin Point near Darwin for processing.
Damen delivers fast crew supplier for work in Abu Dhabi oil fields
Maritime service provider Allianz Middle East Ship Management and Scotland-based Maritime Craft Services (MCS) have taken delivery of a Damen Fast Crew Supplier (FCS) 2610. Damen said on Tuesday that the new vessel would be used for crew transfer services for up to 50 passengers to and from the Abu
UK Detains Five Foreign Flagged Vessels in October 2016
UK’s Maritime and Coastguard Agency (MCA) has revealed that five new vessels were detained in the country’s ports during October 2016 after failing Port State Control (PSC) inspection. Four vessels remained detained from previous months, making a total of nine foreign flagged ships which were under
INEA approves funds for Klaipedos Nafta’s LNG bunkering project
Klaipedos Nafta on Tuesday said it has received notification from the Innovation and Networks Executive Agency of the grant agreement for the LNG infrastructure funding in the Baltic sea region.
Farstad sells Far Fosna AHTS
Norwegian offshore shipowner Farstad Shipping has sold a 1993-built anchor handling tug and supply vessel to an undisclosed client. The company, which last week received the restructuring support from Siem Industries, said the vessel Far Fosna was delivered to the new owner on Tuesday. Farstad did n
Australia: Queensland releases gas industry discussion paper
The ministry of natural resources and mines of Queensland, Australia, released the state’s first industry-wide gas discussion paper.
India launches first LNG-fueled bus
In a joint effort by Petronet LNG, Indian Oil Corporation, and Tata Motors, India launched the country’s first LNG-fueled bus. The launching of the LNG-fueled bus is part of the ministry of petroleum and natural gas’ plan to use LNG in mass transportation and to reduce carbon emissions. According to
VIDEO: Chevron’s Alder field goes online 40 years after discovery
Oil major Chevron has launched a video showing the company’s journey to the first produced gas at Alder, a high-pressure, high-temperature (HPHT) gas condensate field in the UK sector of the North Sea. The field is operated by Chevron which has a 73.684 percent interest while its co-venturer ConocoP
IHS Markit: Pirates Shift from Hijacking to Kidnapping
Global piracy has shifted away from hijacking and towards kidnapping as the number of kidnappings now stands at 44 for the period from January to 30 September 2016, according to IHS Markit. Within the same time-frame 37 percent of crew involved in a piracy situation have been kidnapped. The number r
Alimerka acquires 20 LNG-fueled trucks
Alimerka, the Spanish supermarket chain, added 20 liquefied natural gas-fueled Scania trucks to its transport fleet.
Total says happy to be first western oil firm to do Iran deal – CNN Money
PARIS (Reuters) – The boss of French oil and gas company Total <TOTF.FA> said on Monday that it would be happy to be the first Western oil company to reach an agreement with Iran, but he said a deal had not yet been signed. “Discussions are going on and we’ll see if we can sign […]
APPEA: Queensland’s action plan right way to regulatory reforms
The Australian Petroleum Production & Exploration Association on Monday said the Queensland government’s gas action plan is a recognition of the need for regulatory reforms.