News
DW: North American activity to push global LNG Capex up
The LNG industry, boosted by North American activity which is driving the return to growth in global capital expenditure, is undergoing transformation, according to a report by Douglas-Westwood (DW). Global LNG expenditure is expected to total US$284 billion between 2017 and 2021, representing a 50
Schlumberger, ION in Mexico 3D seismic program
Schlumberger’s WesternGeco and seismic firm ION Geophysical have announced a new 3D multiclient reimaging broadband program offshore Mexico, which uses Mexico’s National Hydrocarbons Commission (CNH) data library. The Campeche 3D reimaging program comprises three survey areas covering approximately
Navantia & Windar Win East Anglia ONE Foundations Contract?
Iberdrola will today place an order with Navantia and Windar Renovables for a portion of jacket foundations that will hold Siemens 7MW wind turbines at the East Anglia ONE wind farm in the UK, according to Spanish media. Iberdrola had split the construction of 102 foundations into three lots, with t
Global Marine’s C.S. Sovereign Gets SPS Notation
Global Marine Systems has achieved Special Purpose Ships (SPS) notation for its C.S. Sovereign multi-role DPS-2 vessel. The achievement means that C.S. Sovereign can now carry up to 50 people on board over and above the working crew, such as client representatives or project specific personnel, the
Russia, Bahrain in LNG pact
Russia and Bahrain signed a number of agreements during the working visit of Bahrain’s King Hamad bin Isa Al Khalifa to Russia, including a memorandum of understanding on cooperation in the field of LNG.
COSL slaps Primeline with arbitration notice
China Oilfield Services Limited (COSL) has started arbitration proceedings against a subsidiary of oil and gas company Primeline Energy before the China International Economic and Trade Commission (CIETAC). Primeline said on Tuesday that the arbitration against its subsidiary Primeline Energy Operat
Oil edges up; gains limited amid scepticism over freeze deal
By Osamu Tsukimori TOKYO (Reuters) – Oil prices erased early losses to trade higher on Wednesday partly due to a weaker dollar, but gains were limited as market participants remained sceptical producers would reach an agreement to freeze output to rein in a global supply glut. London Brent crude for
Klaipedos Nafta’s LNG terminal revenue rises in August
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal said Friday that sales revenues from the import facility edged up 1.9 percent in August.
North Sea strike talks: Wood Group, unions come up with proposal
A proposal has been prepared by the oil services company Wood Group and two UK’s unions in a bid to end a dispute over cuts in pay and allowances for offshore workers on Shell’s North Sea platforms. Following the 24-hour and 48-hour strike actions on Shell’s platforms in late July and early August,
U.S. passes bill to modernize offshore oil and gas leasing
The U.S. House of Representatives passed H.R. 5577, or better known as the ‘Innovation in Offshore Leasing Act,’ by voice vote. The bill passed on Tuesday, introduced by Representatives Garret Graves from Louisiana and Alan Lowenthal from California, provides the Interior Secretary Sally Jewell with
Subsea UK Opens Nominations for 2017 Awards
Nominations have opened for the 2017 Subsea UK Awards, which seek to recognize companies and individuals who are leading the way in Britain’s £9 billion subsea sector. Entries are being sought for the best subsea company of the year (large and small), the most promising young person in the sector, t
UK: Nominations open for 11th subsea awards
Nominations have opened for the 2017 Subsea UK Awards which, in its 11th year, seek to recognize companies and individuals in UK’s £9 billion ($12 billion) subsea sector. Subsea UK said on Wednesday that awards will be divided into seven categories: Company of the Year (Large and small), Innovation
Flowline Specialists Recognized with Queen’s Award
Flowline Specialists has been presented with Queen’s Award for Enterprise in International Trade. The Oldmeldrum-based company was presented with the accolade by the Lord Lieutenant of Aberdeenshire, James Ingleby, when he visited the company’s premises. During his visit, Ingleby received a tour of
Australia: Gladstone LNG exports reach record high
LNG exports from the three liquefaction plants located on Curtis Island off Gladstone reached a record high level in August, according to the data from the Gladstone Ports Corporation. Australia Pacific LNG, Queensland Curtis LNG and Santos GLNG exported 23 cargoes or 1.51 million mt of the chilled