News
Europe to benefit from U.S. LNG exports, says API executive
Europe’s attempts to diversify its sources of natural gas in order to ensure its energy security could be boosted by importing U.S. LNG, Marty Durbin, executive director for market development at American Petroleum Institute, said.
Sembcorp Marine completes LMG Marin acquisition
Sembcorp Marine on Friday said it’s unit Sembcorp Marine Integrated Yard (SMIY) completed the acquisition of 100 percent equity stake in LMG Marin of Norway.
Five items on why to attend OWC
The organization of the Offshore WIND Conference is in full swing! As part of Offshore Energy Exhibition & Conference the dedicated event for the offshore wind industry is a must attend for those wanting to know how the industry can reach its potential. 1. The program spans the full supply chain. Fr
Bosphorus Strait to Close during Bridge Opening
Vessel traffic in the Bosphorus Strait is scheduled to close tomorrow due to the opening of the Yavuz Sultan Selim Bridge, initially named the Third Bosphorus Bridge, according to data provided by Wilhelmsen Ship Agency. The closure in the shipping lane, which connects the Mediterranean with the Bla
Sovcomflot’s profit drops in H1
Russia’s largest shipping company Sovcomflot reported a net income of US$165.9 million for the first-half of 2016, a 23.3 percent drop compared to $216.3 million in the first six months of 2015.
Chevron: ITF’s tax evasion allegations incorrect
U.S. oil giant Chevron has hit back at London-based International Transport Workers Federation (ITF) which accused Chevron of using secretive corporate structures and aggressive tax evasion schemes to reduce its tax in the UK. In a statement sent to Offshore Energy Today, Chevron said this: “Chevron
Indonesian Navy Arrests Rogue Vier Harmoni
The Indonesian Navy’s Western Fleet Quick Response Team (WFQR) of Tanjung Pinang Naval Base has found and arrested the product tanker Vier Harmoni off West Kalimantan, Indonesia. The Vier Harmoni, carrying 900,000 liters of diesel worth around USD 390,000, was reported missing on August 16, 2016, wh
Tough market pushes O&G workers from rigs to classrooms
Aberdeenshire and Aberdeen City Councils have adopted a new innovative approach to teacher recruitment as a group of former oil and gas workers begin their inductions to become secondary school teachers. Aberdeenshire Council said on Wednesday that the new Transition into Education Scheme (TIES) is
Drewry: Booming ME Refinery Capacity Bad News for Crude Tankers?
A steep rise in refinery capacity in the Middle East could diminish oil trade growth and with it prospects for tanker shipping, according to shipping consultancy Drewry. The global crude oil trade, which surged last year on the back of strong growth in oil demand and stocking activity, is expected t
China’s LNG imports down in July
Liquefied natural gas imports into China, the world’s largest energy consumer, dropped 17 percent in July as compared to the same month a year ago, according to the General Administration of Customs data. China imported 1.60 million mt of the chilled fuel in July, as compared to 1.92 million mt a ye
Renewables expert joins NOF Energy’s board
NOF Energy, the energy industry business development organisation, has appointed Dr Alan Lowdon, a specialist in renewable energy, to its board.
UWA offshore engineer wins science award
A researcher and lecturer at the University of Western Australia’s (UWA) School of Civil, Environmental and Mining Engineering (CEME), Dr Scott Draper, has won a $10,000 Woodside Early Career Scientist at the 2016 Premier’s Science Awards in Perth.
26 oil firms qualify for Mexico’s deepwater tender
Mexican National Hydrocarbons Agency (CNH) has announced a list of oil and gas firms that qualified to take part in the tender for Mexico’s deepwater blocks. Twenty-six companies, representing 18 nations qualified for the tender, and will be bidding for Mexico’s deepwater acreage. Of those twenty-si
ITF accuses North Sea oil majors of secretive tax evasion schemes
London-based International Transport Workers Federation (ITF) has released a report showing alleged secretive corporate structures and aggressive tax evasion schemes used by Chevron and other major North Sea oil producers. ITF, a global union federation representing around 700 unions and more than 4