News
Norway completes Statoil’s Statfjord oil spill investigation. Irregularities found
The Norwegian offshore safety authority has completed an investigation of a crude oil spill from Statfjord field’s OLS B loading buoy in the Norwegian section of the North Sea on October 8, 2015. According to the Petroleum Safety Authority Norway, the investigation has revealed nonconformities from
Gov. Walker probes South Korean appetite for Alaskan LNG
Alaska’s governor Bill Walker discussed potential offtake, investment and partnership opportunities in Alaska’s LNG project, with South Korean government and company officials, during his recent visit to the Asian country.
Elengy revises LNG truck loading contract
Elengy, the operator of three French LNG terminals said it has reviewed its LNG truck loading contract, allowing more flexibility and access to its loading stations at Montoir de Bretagne and Fos Tonkin LNG terminals.
OPEC agrees to cut oil production
Organization of Petroleum Exporting Countries (OPEC) on Wednesday agreed to reduce oil production, aiming to stabilize oil prices. According to Reuters, this is the first such deal in eight years. The agreement in principle was reached in Algeria, where the OPEC oil ministers agreed to keep the prod
Two universities in Aberdeen launch degree in oil rig decommissioning
The UK’s first Masters degree in decommissioning oil rigs and platforms has been launched by the University of Aberdeen in partnership with Robert Gordon University (RGU). Both universities are developing a suite of joint Masters degrees, and the new program – thought to be the first of its kind in
Fluxys Belgium posts lower H1 profit
Fluxys Belgium, the operator of the Zeebrugge LNG terminal, on Wednesday said its net profit for the first half of 2016 reached €19.7 million, down from €26.9 million in the same period in 2015.
MSI: BWMC to Recover Dry Bulk Market?
Despite being beset with technical challenges and shipowners opposition, the implementation of the IMO Ballast Water Management Convention (BWMC) might provide the basis for a dry market recovery, according to Maritime Strategies International (MSI) Following the regulation’s entry into force on Sep
Teekay LNG Partners raising cash for future newbuilds
Teekay LNG Partners on Wednesday said it plans to offer Series A cumulative redeemable perpetual preferred units in a public offering.
Wood Group sets up new data analytics center in Ireland
Oil and gas services company Wood Group has established a new data analytics center of excellence at its office in Galway, Ireland. The center, which is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland, broadens Wood Group’s capabilities in advanced data analytics to
UK Subsea Businesses to Discuss Market Challenges
Subsea supply chain businesses in the south-west of England will be joining forces to identify opportunities and debate the challenges facing the sector at an industry networking event organised by Subsea UK. The session on October 12, will be held at the National Composites Centre (NCC), and will f
SMST Unveils New Cargo and Crew Transfer System
Following the launch of the Telescopic Access Bridge (TAB) M series, with which Windforce’s personnel working on the Wikinger offshore wind farm clocked more than 200 safe transfers this summer, SMST has expanded the product range with the SMST Access & Cargo Tower. The Access & Cargo Tower covers a
Pacific NorthWest LNG approval: For and Against
The long-awaited approval of the Petronas-led Pacific NorthWest LNG project proposed for northwest British Columbia came under fire by environmental groups opposing the project, despite 190 environmental impact mitigating conditions attached to it.
Canadian court to decide on ExxonMobil-InterOil deal
The $2.5 billion takeover of Papua New Guinea-focused player InterOil by U.S.-based energy giant ExxonMobil requires a final order by a Canadian Supreme Court, InterOil said on Wednesday. The closing of the transaction “would require issuance of the final order by the Supreme Court of Yukon no later
Fugro to Make Beatrice OWF UXO Free Ahead of Construction
Fugro has placed surrogate unexploded ordnance (UXO) items on the seabed at the Beatrice offshore wind farm area to enable towed magnetometer verification as part of the pre-construction UXO survey, according to Brown & May Marine. The surrogate units are inert and do not contain any explosive charg