News
Top news of the week October 24-29
Update: Teekay’s LNG tanker attacked off Yemen Teekay’s LNG carrier, the 2004-built Galicia Spirit with the capacity to transport up to 137,814 cubic meters, has come under attack off the coast of Yemen. Picture of the day: Yamal LNG project progresses Novatek-led US$27 billion Yamal LNG project is
Chevron starts Gorgon LNG Train 2 production, profits decline
Production at the second liquefaction train of Chevron’s Gorgon LNG project has started according to the company’s chairman and CEO John Watson.
Maersk Supply Service further trims offshore vessel fleet
Maersk Supply Service has sold another two platform supply vessels (PSVs), the Maersk Feeder and Maersk Fighter, as a continuation of the company’s plan to shed 20 vessels over the next year and a half. To remind, Offshore Energy Today reported back in August on Maersk Supply Service’s plan to cut i
Italy Seizes Cocaine Carried aboard Boxship
A total of 385 kilos of cocaine were retrieved from the water after the illicit cargo was thrown overboard from a container ship, according to Italian law enforcement agency Guardia di Finanza. At the time the vessel was transiting from Brazil to Italy’s port of Gioia Tauro. The container ship invol
Low oil and gas prices push Eni further into red
Italian oil and gas company Eni on Friday reported a second-quarter net loss, caused by low oil and gas prices.
GasLog Partners report drop in profit
New York-listed GasLog Partners, the master limited partnership formed by GasLog, reported a decrease in its quarterly profit.
LNG Limited to take advantage of post 2020 demand window
Perth-based Liquefied Natural Gas Limited’s managing director and CEO Gregory M. Vesey said the LNG industry is currently challenged by LNG supply-demand imbalance.
OEEC: Where renewables met oil and gas
With 667 exhibitors, 25,000m² floor space and visitors representing 99 nationalities, Offshore Energy Exhibition & Conference 2016 (OEEC) was not only a great success, the event also grew compared to last year.
Teekay’s CEO Evensen retires, Kenneth Hvid takes over
Teekay Corporation said its president and CEO, Peter Evensen, plans to retire at the end of January 2017, following over 13 years of service.
LNG bunkering coalition names board of directors
SEALNG, the cross-industry coalition established to promote the use of LNG as a marine fuel named its board of directors, which is representative of the coalition’s membership. Tote’s executive vice president, Peter Keller has been chosen to chair the coalition, according to a statement by SEA/LNG.
UK: IOG wraps up acquisition of Southern North Sea assets
Independent Oil and Gas (IOG), a development and production focused oil and gas company, has completed the acquisition of Versus Petroleum’s subsidiary, Oyster Petroleum. Oyster holds the Southern North Sea licenses containing the Vulcan East, Vulcan Northwest, and Vulcan South fields, collectively
FERC seeks additional impact information for three LNG projects in Texas
The United States Federal Energy Regulatory Commission issued requests to three LNG export projects proposed for Brownsville, Texas, seeking more information on failed rocket launch impacts.
TGS to expand African multi-client library with new 2D seismic survey
TGS, a provider of multi-client geoscience data to oil and gas companies, has decided to expand its multi-client library offshore Africa by an additional 11,500 kilometers of long offset broadband 2D seismic data in cooperation with PGS and GeoPartners. Namely, the expansion regards the Northwest Af
Oil & Gas UK issues new guidelines for HPHT wells
Oil & Gas UK, a representative body for the UK offshore oil and gas industry, has issued new guidelines on wells with high-pressure high-temperature (HPHT) properties. Oil & Gas UK said that the guidelines, published on Friday, are a part of its commitment to continually review and improve the safet