News
PNG LNG eyes multi-year spot contracts
The ExxonMobil-operated US$19 billion PNG LNG project is looking at multi-year contracts for spot sales of the chilled fuel as the project is producing above the nameplate capacity, according to Oil Search that has a 29 percent share in the JV. The PNG LNG project is producing 7.7 million tonnes per
Tanzanian president urges faster LNG project development
John Magufuli, Tanzania’s president on Monday called on the state officials to expedite the development of a US$30 billion LNG project proposed in the area of Likon’go, Mchinga Lindi region.
Erskine field waiting for Shell nod to boost output
Less than a month after the Erskine field in the North Sea resumed production, following a prolonged shut-in caused by pipeline blockage, the field has yet to reach its full output. The Chevron-operated Erskine field includes a normally unattended platform and is remotely controlled from Shell’s Lom
Statoil buys into UKCS license
Norwegian oil major Statoil has signed a Sales and Purchase Agreement (SPA) with Jersey Oil and Gas and CIECO Exploration and Production to acquire 70 percent ownership and operatorship of the P.2170 license on the UK Continental Shelf. Statoil said on Tuesday that it would acquire 70 percent workin
Oil Search’s first-half profit dives
Oil Search, the company with a 29 percent interest share in the ExxonMobil-operated US$19 billion PNG LNG project, has seen its net profit after tax plummet 89 percent to US$25.6 million in the first half of 2016.
Tocardo’s Canadian story to start in late 2017
Dutch company Tocardo is scheduled to start the in-water testing of its tidal technology at the Fundy Ocean Research Centre for Energy (FORCE) in Canada in late 2017.
Cheniere to ship first cargo from Sabine Pass Train 2
Houston-based LNG export player Cheniere expects to ship first cargo from the second train at its Sabine Pass liquefaction and export plant by the end of August. The U.S. company confirmed in its latest Sabine Pass construction report that Train 2 first cargo is expected to occur in late August, wit
Transocean Winner Refloated, Resumes Journey
The recently grounded oil rig Transocean Winner was refloated at 10 pm on Monday in Dalmore Bay, more than two weeks after it ran aground due to severe weather at the site, the UK Maritime and Coastguard Agency said. After the authorities refloated the rig, it was stabilised and was scheduled to res
Giant Pioneering Spirit vessel lifts Yme platform
Allseas’ giant single-lift installation/decommissioning and pipelay vessel “Pioneering Spirit” successfully executed its maiden heavy lift project – the removal of the 13,500-ton Yme offshore platform in the North Sea
EIA: U.S. shale gas production levels depend on several factors
The United States Energy Information Administration expects shale gas production to reach 79 billion cubic feet per day by 2040, however, several side cases in its Annual Energy Outlook 2016, show the production level depends on a number of factors.
Decom North Sea launches knowledge sharing website
Decom North Sea (DNS), the representative body for the offshore decommissioning industry in the UK, has launched its Late Life Planning Portal, described as a “web-based decommissioning tool.” DNS said on Tuesday that the newly launched operational website, also known as L2P2, has been designed to s
Venture Global LNG raises more funds for Louisiana LNG projects
Venture Global LNG closed the fifth round of equity investment raising additional capital of US$15 million bringing the total capital raised to date to over $280 million.
Amrumbank Met Mast Decommissioned
Amrumbank West’s meteorological mast was removed from the site in February 2016, as reported by SGS, a Hamburg-based inspection and certification company that supervised the decommissioning at the 302MW offshore wind farm. Prior to the dismantling, the met mast had been gathering data on wind condit
Preps ongoing to refloat Transocean Winner rig. Tugs connected
Plans are being finalized today to attempt a refloat the Transocean Winner drilling rig which is currently grounded in Dalmore Bay, Scotland. The Maritime and Costguard Agency said salvage team Smit has agreed the towage plan with Hugh Shaw, Secretary of State’s Representative for Maritime Salvage a