News
Woodside to drill at least four wells off Myanmar in 2017
Australian energy company Woodside is gearing up for an aggressive drilling campaign offshore Myanmar. Namely, the company is moving to accelerate commerciality of its recent gas discoveries made off the shores of Myanmar. Woodside has discovered 32 meters of net gas pay in the Myanmar Block A-6 Shw
Woodside’s first-half 2016 profit cut 50 pct
Australian LNG player Woodside posted a US$340 million net profit after tax for the first half of 2016, a 50 percent drop compared to the $679 million profit during the same period in 2015.
Petronas accused of breaking Sarawak state law. Dismisses allegations as ‘grossly inaccurate’
Malaysian energy giant Petronas is defending itself against allegation that the company is flouting the Sarawak state law when sending workers offshore. The Government of Sarawak, one of two Malaysian states on the island of Borneo, recently introduced a moratorium on all new applications for Petron
Santos plummets to $1.1 bln loss on GLNG impairment
Adelaide-based LNG player Santos on Friday reported a US$1.1 billion loss in the first half of 2016 due to a previously revealed impairment charge of $1.05 billion after tax for the GLNG project and lower oil prices.
Gasum to open Turku LNG station in September
Gasum recently informed its liquefied natural gas station in the port of Turku intended for heavy-duty vehicles will open in late September.
EIA: five Asian countries show slight increase in LNG imports
Liquefied natural gas imports into five Asian countries, Japan, South Korea, China, India and Taiwan have risen only 1 percent in the first six months of 2016 compared to the same period the year before.
Gazprom talks gas cooperation with Belarus
Gazprom’s head, Alexey Miller on Thursday held a meeting with deputy prime minister of the Republic of Belarus Vladimir Semashko to discuss gas sector cooperation.
Banks approve Siem Offshore restructuring plan
Siem Offshore, a Norwegian offshore vessel provider, has received approvals from banks for a restructuring plan. The company said the new financial platform would position the company for the expected challenging market in the coming years. According to Siem Offshore, the approvals include a three-y
USA Just Got Its First Offshore Wind Farm
“The Block Island Wind Farm is now fully constructed,” Jeff Grybowski, Deepwater Wind’s CEO, informed via social media this evening. The installation of wind turbines at the first American offshore wind farm was completed today with the last blade attached to the fifth GE Renewable Energy Haliade 15
Ofgem to Reveal Burbo Bank 2 OFTO Shortlist, Sets Out Round 5 Dates
Ofgem, which has been evaluating Enhanced Pre-Qualification (EPQ) submissions for Burbo Bank Extension, part of Tender Round 4, is scheduled to notify the bidders of the outcomes and publish the Qualifying Bidder shortlist this month. In addition, the UK’s energy market regulator has disclosed a mor
Turbine Installation Progressing at Sandbank
The 10th turbine has been installed at Vattenfall’s Sandbank offshore wind farm, the company informed via its social media pages. The first of 72 Siemens 4MW wind turbines at the 288MW offshore wind farm was installed at the end of July. The erection of the towers on the foundations and the installa
Maersk Drilling’s new jack-up rig named in Scotland
Maersk Drilling has named its latest drilling rig at a ceremony held Wednesday at Invergordon, Scotland. The company recently bought the newbuild rig for a discount price, and lady Sponsor Gretchen H. Watkins, COO at Maersk Oil, has named Maersk Drilling’s newest asset – Maersk Highlander – which is
Port of Tauranga Ready for Larger Ships
New Zealand’s Port of Tauranga expects to handle over one million TEUs in the year ended June 2017, following an upgrade which will allow larger ships to call at this port. The expansion will result in new services, with first bigger vessels scheduled to start arriving in October. The Port of Tauran
‘Pioneering Spirit’ reaches Norway. Set to remove Yme platform
After years of sitting idle in the North Sea without ever producing a single barrel of oil, the time has come for the Yme oil platform to be removed and sent to the scrapyard. The platform, Yme MOPUSTOR, with MOPU an abbreviation for Mobile Offshore Production Unit, was delivered by Dutch SBM Offsho