News
It’s official. Maersk confirms 2-way split option
Following earlier reports that the Danish conglomerate Maersk was considering splitting the company into two divisions, or into several smaller businesses as part of its strategic review, the split option has now been confirmed by the company. Maersk has confirmed it is working to split the company
Equatorial Guinea looks to European gas buyers for Fortuna FLNG
By Mark Tay SINGAPORE (Reuters) – Equatorial Guinea is negotiating pricing terms with potential offtakers for production from its 2.2 million tonnes per year (tpy) Fortuna Floating Liquefied Natural Gas (FLNG) project, eyeing Europe as its next key market. While Asia remains a key LNG customer for E
InterOil shareholders vote in favor of ExxonMobil deal
InterOil Corporation on Thursday informed that its shareholders voted to approve the transaction with ExxonMobil Corporation, with 80 percent of the cast votes at the special meeting in favor of the US$2.5 billion transaction.
Pavilion Energy, ExxonMobil developing LNG bunkering solutions in Singapore
Singapore-based Pavilion Energy, a Temasek company, and U.S. energy giant ExxonMobil are collaborating to develop solutions for liquefied natural gas (LNG) bunkering and other downstream developments in Singapore. “Together, we hope to embark on a journey of learning and establishing LNG bunkering p
Gasconsult files patent application for new liquefaction scheme
The UK-based LNG liquefaction technology licensor, Gasconsult filed a patent application for a variant of its liquefaction technology that eliminates CO2 removal unit as part of the feed gas pre-treatment train.
Eni boosts Baltim South West potential to 1 Tcf
Eni of Italy on Thursday upgraded the field potential of Baltim South West to 1 trillion cubic feet of gas in place, following the results of the appraisal well Baltim South West 2X.
DEP Artificial Reef Program Sinks Two More Vessels
New Jersey’s Department of Environmental Protection’s (DEP) artificial reef program is sinking two more vessels to enhance recreational fishing opportunities and enhance ocean habitat for fish, DEP informed. The program sank the 68-foot trawler, Austin, as part of the Axel Carlson Reef, 4.4 nautical
Two Oil Tankers Collide Off Belgium
Two oil tankers suffered little damage after they collided in the morning hours of September 21, according to Belgian Maritime Rescue and Coordination Centre (MRCC). The vessels in question are the 50,215 dwt Ridgebury Katherine Z and the 73,334 dwt Maistros, both built in 2009. The cause of the inc
India boosts LNG imports in August
India’s imports of liquefied natural gas rose 34.6 percent in August as compared to the same month a year ago, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). India imported 2,144 million metric standard cubic metres (mmscm) of LNG in August compared with 1,593
Documentary: Oil and gas companies are facing major technological disruption
The Economist Films, part of the renowned magazine The Economist, has produced a documentary investigating how new technologies and renewables are disrupting the fossil fuel industry, and what the oil industry is doing in response. With permission from The Economist, Offshore Energy Today is sharing
Technip to slash 130 UK jobs
French oilfield services company Technip is set to cut around 130 jobs at its UK Subsea Delivery business in Aberdeen. Following reports that the French company is proposing to cut jobs at its UK business, Offshore Energy Today has reached out to the oilfield services firm seeking confirmation as we
Report: First Cargo Shipped from Libya’s Ras Lanuf Oil Port
The Malta-flagged oil tanker Seadelta has departed Libya’s port of Ras Lanuf carrying 781,000 barrels of crude oil as exports at the port resumed for the first time since 2014, Bloomberg cited sources close to the matter. The vessel, which was earlier withdrawn to a safe distance from the port due t
Oil jumps after surprise drop in U.S. crude inventories
By Amanda Cooper LONDON (Reuters) – Oil prices jumped 2 percent on Wednesday after a surprisingly large drop in U.S. crude inventories and as an oil services workers strike in Norway threatened to cut North Sea output. Brent crude futures <LCOc1> were up 91 cents at $46.79 per barrel by 1113 GMT, wh
Horns Rev 3 Mine Goes Out With a Bang (Videos)
Vattenfall has shared two videos of a WW2 mine with a 700kg explosive charge being unearthed from the seabed where Denmark’s 400MW Horns Rev 3 offshore wind farm will be constructed, and subsequently detonated. The mine had been identified during a geophysical survey of the specific area, which was