News
InterMoor Names New Canada Country Manager
InterMoor has appointed Joe Price as country manager for InterMoor Canada based in St. John’s, Newfoundland. Price is a graduate of the Ocean and Naval Architectural Engineering program at Memorial University of Newfoundland and brings with him over 14 years’ offshore oil and gas industry experience
Oil climbs as Venezuela sees output deal
Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilise the market and as clashes in Libya disrupted attempts to boost crude exports.
Steelhead, 7G join forces on LNG projects supporting infrastructure
Steelhead LNG and Seven Generations Energy of Canada on Monday signed an agreement to explore midstream supply chain infrastructure that would link natural gas resources to Steelhead LNG’s proposed export projects on Vancouver Island.
Cheniere CEO Fusco unveils new executive team
The new chief executive of Houston-based LNG export player Cheniere, Jack Fusco on Monday announced his new executive leadership team. Jack Fusco became Cheniere’s CEO in May this year replacing Neal Shear, who served as the company’s interim president and CEO since December 2015, when Cheniere part
DOE: Sabine Pass LNG exports reach 63.47 Bcf in Feb-July
Liquefied natural gas exports from Cheniere’s Sabine Pass facility reached 63.47 billion cubic feet for the February-July period.
Engie to cut 1,150 French jobs, LNG unit making losses- L’Expansion
French gas and power group Engie plans to cut about 1,150 jobs in various support functions and the firm’s Liquefied Natural Gas (LNG) business is set to book a full-year loss after making losses in the first half, L’Expansion said.
Dyna-Mac files police report against ex-employee over missing cash
Dyna-Mac, a Singapore-based provider of systems for floating production units, has filed a police report against its former employee. The company on Sunday said the police report had been lodged against one of its employees suspected for criminal conduct. According to Dyna-Mac, the ex-employee – not
Fire triggers alarm on Statoil’s platform in Norwegian Sea
A fire alarm was activated on Sunday on board Statoil’s Åsgard B platform offshore Norway. Statoil-operated Åsgard field is located on the Halten Bank in the Norwegian Sea, around 200 kilometers off mid-Norway and 50 kilometers south of the Heidrun field. The entire Åsgard field development embraces
McKinsey: Oil market recovering slower than expected
The oil market is recovering but at a slow pace, and it could take six months for oversupply to disappear and another six to twelve months to burn excess inventories, McKinsey Energy Insight said in its recent report. McKinsey also feels OPEC’s capacity to increase production further could keep the
Scotland’s First Minister opens Statoil’s Aberdeen office
Scotland’s First Minister Nicola Sturgeon on Monday conducted the official opening of Statoil House in Aberdeen, the company’s new operations center for the UK Continental Shelf (UKCS). The oil and gas industry still has a strong future in Scotland, despite its current challenges, First Minister Nic
Gondan Shipyard Lays Keel for Race Bank SOV
Gondan Shipyard has laid the keel for the Service Operation Vessel (SOV) that will serve as a mother ship for wind turbine technicians at DONG Energy’s Race Bank offshore wind farm in the North Sea. The keel laying ceremony marked the start of the assembly of the hull in the slipway at Gondan’s faci
Jobs at Risk as JFD Begins Restructuring Process
JFD has decided to undergo a restructuring process which includes an internal reorganization with, as the company says, unavoidable impact on a number of functions. JFD, which comprises LEXMAR, JF Defence, Divex and the National Hyperbaric Centre and Defence Consulting Europe, said that the announce
Socar, Petronas ink Goshadash MoU
Azeri oil company Socar has signed a memorandum of understanding with Malaysian oil and gas firm Petronas to jointly work on an offshore project in the Caspian Sea. Under the memorandum of understanding, the two companies will collaborate on exploration and eventually development and production from
DEME’s Living Stone Hits the Water (Gallery)
DEME Group’s new multi-purpose vessel Living Stone was launched yesterday at the LaNaval shipyard in Spain by Sarah Tommelein, wife of Bart Tommelein, Vice-Minister-President of the Government of Flanders and Flemish Minister for Energy. The vessel is scheduled to be delivered in the second quarter