News
Petrofac’s CFO to leave in October
Petrofac, the international oil and gas facilities service provider, on Monday informed its CFO Tim Weller will leave the company to take up the role of chief financial officer of G4S, the integrated security group.
DSME orders Bestobell valves for three Arctic LNG newbuilds
Parker Bestobell Marine received a new order from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea to supply cryogenic valves for three new vessels.
EIA: shale gas boosting global natural gas production growth
Worldwide natural gas production is expected to increase from 342 billion cubic feet per day in 2015 to 554 Bcf/d by 2040 according to the U.S. Energy Information Administration.
Top News of the Week, 8 – 14 August 2016
DONG Energy Bins AMEP Offshore Wind Hub Project DONG Energy has decided not to invest in a GBP 450 million offshore wind hub at the Able Marine Energy Park (AMEP) in the Humber after a recent report showed that UK east coast ports have the capability to support the pipeline of offshore wind projects
Popular news, August 8 – 14, 2016
Popular news, August 8 – 14, 2016
Top news of the week August 8-14, 2016
Report: ExxonMobil buys stake in Eni’s Mozambique LNG development Italian oil and gas company Eni has reportedly sold a multi-billion dollar stake in its planned Mozambique LNG development to U.S.-based energy giant ExxonMobil. Sempra: FID on Cameron LNG expansion project could be postponed San Dieg
Offshore worker airlifted from North Sea platform
An offshore worker has been airlifted from a UK North Sea platform due to a medical emergency. Following reports that an offshore worker was evacuated from a North Sea platform on Friday, August 12, 2016, Offshore Energy Today reached out to UK’s Maritime and Coastguard Agency (MCA) seeking more det
Brazil’s Petrobras cuts LNG imports by 56 pct
Brazil’s state-controlled oil and gas company Petrobras said its liquefied natural gas imports dropped by 56% in the first half of this year. Petrobras attributed this decline to higher domestic gas supply and lower thermoelectric demand in Brazil. LNG imports into Brazil stood at 54 Mbbl/d (thousan
Photo of the Day: Svanen Docks at Harland and Wolff
After installing the final wind turbine foundation at Burbo Bank Extension wind farm in Liverpool Bay, Van Oord’s heavy lift vessel Svanen has moored at Harland and Wolff’s Commissioning Quay in Belfast. Svanen completed the foundations installation at the wind farm in July, and will now undergo rep
Petrobras sets new monthly record in pre-salt oil & gas output
Brazil’s state-owned oil giant Petrobras has reached a new monthly record in pre-salt oil and natural gas output due to a start-up on Lula Central, in the Santos Basin offshore Brazil. Petrobras said on Thursday that its total production of oil and natural gas in July was of 2.89 million barrels of
Nigeria LNG’s shipping unit to slash salaries, may reduce staff
Nigeria LNG, operator of the giant Bonny export plant, said it will reduce salaries and review manning levels at its shipping unit due to the ongoing LNG shipping industry downturn. Nigeria LNG can confirm that “reviewed manning levels and wage scale for officers on Bonny Gas Transport (BGT) vessels
ILWU to Discuss Contract Extension with PMA
More than 100 delegates from 30 West Coast ports, who were elected by the International Longshore and Warehouse Union (ILWU), voted on August 9 to discuss with representatives of the Pacific Maritime Association (PMA) the possible contract extension between the ILWU and PMA. By majority vote, delega
Maersk Oil profit down. Exploration costs slashed. Production up
Danish oil company Maersk Oil saw its second quarter 2016 net operating profit drop to $131 million, from $137 million achieved in the same period of 2015. Underlying profit was $130 million, down from $217 a year ago. However, Maersk Oil has described its result as “the return to profit in Q2”, com
Australia: Ichthys LNG module deliveries nearing end
The Inpex-operated Ichthys LNG project in Australia said Friday that the largest module of the final three shipments was recently offloaded at Bladin Point near Darwin. The 5,100 tonne fractionation module will be used as part of the first LNG processing train to separate ethane, propane and butane