News
Prosafe lays up two more flotels
Prosafe, an owner and operator of semi-submersible accommodation vessels known as flotels, laid up two more units during the third quarter of 2016. In an operational update on Friday, Prosafe said that the 1982-built flotel Safe Caledonia completed its operation for BP in August and the vessel has b
Santos LNG sales double in Q3
Adelaide-based LNG player Santos on Friday reported a 31 percent jump in third-quarter sales reaching 21.3 mmboe on the back of increased production.
Inpex completes Toyama Line construction
Japanese LNG terminal developer, Inpex on Friday informed it has completed the construction of the Toyama Line.
Shell nets $1 bln through Canadian shale divestment
Royal Dutch Shell, through its unit Shell Canada Energy, agreed to sell approximately 206,000 net acres of non-core oil and gas properties in Western Canada to Tourmaline Oil for approximately US$1 billion.
Sembcorp Marine eyes UK market, buys remaining stake in North Sea firm
Sembcorp Marine’s subsidiary, Sembcorp Marine Offshore Platforms, has entered into a sale and purchase agreement with its existing minority shareholders to acquire the remaining 30% equity stake in Sembmarine North Sea Limited (SNS). Singapore’s Sembcorp Marine said on Friday that the consideration
Crane vessel on LNG is a conscious choice, says Sleipnir Project Director
Sipke Schuurmans, who is the Project Director of Heerema’s Semi-Submersible Crane Vessel ‘Sleipnir’, currently under construction by Sembcorp Marine in Singapore, will give an update on the Sleipnir newbuild project as part of the OEEC 2016 Technical session: Gas fueled offshore vessels. “As part of
Hurricane raises cash to boost Lancaster development
Hurricane Energy, a company working to develop its Lancaster discovery located West of the Shetland Islands, has conditionally raised £70 million through a share placement with existing and other institutional investors. The company on Thursday said £70 million would be through an issuance of 205,88
Two fields bring Petrobras pre-salt output to ‘record levels’
Brazil’s state-owned oil and gas giant Petrobras reached ‘record levels’ in pre-salt oil and gas output during September due to production boost at the Lula and Sapinhoá fields, off Brazil. The company’s total oil and gas production in September was 2.88 million barrels of oil equivalent per day (bo
Car Carrier on Fire in Port of Antwerp
The Antwerp fire department is currently cooling the 1989-built car carrier Silver Sky which burst into flames around 00.30 am last night, the spokeswoman of the Antwerp fire brigade told World Maritime News. She added that the temperature on board is still too high to enter the ship, so the damage
Canadian appeal court stays ExxonMobil-InterOil deal nod
InterOil Corporation on Thursday said the Court of Appeal of the Yukon stayed the Supreme Court of Yukon’s order approving the $2.5 billion takeover deal by U.S.-based energy giant ExxonMobil.
ECSA: Challenges of Polar Shipping
Ahead of the entry into force of the International Code for ships operating in polar waters, or the Polar Code, in January 2017, the European Community Shipowners’ Associations (ECSA) highlighted challenges that shipowners encounter while operating in polar waters. In light of reports that the traff
Woodside: Julimar project ready for Wheatstone
Australian Energy company Woodside has informed that an important move has been made towards the first production from the giant Wheatstone gas project in Western Australia. The company’s CEO Peter Coleman has said that the Julimar offshore project completed all construction and commissioning work o
Indonesia: LNG projects face uncommitted cargoes
Indonesian Tangguh and Bontang liquefied natural gas projects are facing oversupply for 2017 and 2018, as well as possible production cuts.
Cluff boasts big increase in North Sea license prospective resources
London-based Cluff Natural Resources has confirmed a ‘substantial’ increase in the prospective resources for its 100% held License P2248 (Block 43/11) located in the Southern North Sea gas basin. The company said on Wednesday that this resource upgrade follows the completion of a technical evaluatio