News
TGS, Schlumberger start dual coil surveys in Gulf of Mexico
TGS and Schlumberger have announced the beginning of the Dual Coil Shooting multi-vessel full-azimuth acquisition Revolution XII and XIII surveys in the U.S. Gulf of Mexico. The surveys will cover approximately 7,150 km2 (306 blocks) in the Green Canyon, Atwater Valley and Ewing Bank protraction are
Marathon Oil cuts loss in Q2
Houston-based energy company and operator of the Equatorial Guinea LNG plant, Marathon Oil has reduced its losses by more than a half in the second quarter of this year. Marathon reported a second-quarter net loss of $170 million, or 20 cents per share, compared with a net loss of $386 million, or 5
Sempra Energy’s Q2 earnings down
San Diego-based energy company and LNG operator Sempra Energy on Wednesday revealed its adjusted earnings for the second quarter of this year dropped 22.8 percent on year to $200 million. The adjusted earnings were lower due primarily to $19 million of after-tax losses in the second quarter 2016, co
Five things you need to know about the Technical Sessions on Decommissioning
During OEEC 2016 we will have two Technical Sessions on Decommissioning. We’re bringing you five things you need to know. 1. Decommissioning within offshore energy is a highly complex and and technical part of the industry. In the future we may see more structures becoming redundant and being taken
TenneT Readying Grid for More Renewable Energy
Transmission system operator TenneT is preparing to kick off a pilot project with four partners to explore options for providing primary reserve capacity to combat fluctuations in the electricity grid and prepare the system for a larger share of energy produced from renewable sources. The increase i
Wood Group workers to go ahead with second strike in North Sea
Next phase of strike action by Wood Group employees working on Shell’s North Sea platforms will go ahead on Thursday morning, August 4, 2016, after talks over pay cuts between the unions and management failed. The North Sea platforms involved include the Brent Alpha, Bravo and Charlie platforms, Gan
New Zealand’s POAL, Napier Port Form Alliance
New Zealand’s Ports of Auckland Limited (POAL) and Napier Port plan to enter into a strategic alliance in an effort to optimize freight services and achieve further improvements in the supply chain. The partnership is expected to prompt greater competitive contestability and resilience in New Zealan
U.S. court confirms judgement against Pemex in KBR contract dispute
A U.S. appeals court has affirmed a judgement worth almost half a billion dollars won by the American engineering, procurement and construction company KBR against Mexico’s state-owned oil company Pemex. KBR informed on Tuesday that in a decision in ongoing litigation involving COMMISA, KBR’s Mexica
Oil edges up to $42 after slide, but glut still weighs
By Alex Lawler LONDON (Reuters) – Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in U.S. inventories and a weaker dollar. But prices could struggle to make much headway, analysts said, as sentiment r
Magellan to merge with Tellurian, enters LNG business
Magellan Petroleum, an independent oil and gas exploration and production company, said it has entered into a definitive merger agreement with Tellurian Investments, a recently formed private company focused on the development of a mid-scale LNG facility on the U.S. Gulf Coast. Tellurian is led by C
Kongsberg nets contracts for Scottish LNG ferries
Kongsberg Maritime of Norway said it has secured contracts from the Glasgow-based shipbuilder, Ferguson Marine Engineering (FMEL) for two LNG-powered ferries. The two 100 meter ferries are being built by FMEL for Caledonian Maritime Assets (CMAL). The engineering, procurement, construction and insta
Technical Session: Offshore Renewables
Offshore Energy not only offers an exhibition floor where companies and visitors can do business, network and learn more about products and services, we also offer an extensive conference program. Ten technical sessions, side events, keynotes, the Offshore WIND Conference and much more. For instance
CEQ NEPA guidance “another hurdle” for U.S. LNG exports, CLNG says
The White House Council on Environmental Quality released on Monday its final guidance for federal agencies on incorporating the effects of climate change in their National Environmental Policy Act (NEPA) reviews. According to the Center for Liquefied Natural Gas (CLNG), a U.S. trade association of
Vaalco chief executive retires
Vaalco Energy has informed that Steve Guidry, the company’s Chief Executive Officer (CEO), will retire from the company and Board of Directors effective September 1, 2016. According to Vaalco’s statement on Wednesday, Guidry joined Vaalco as CEO in October 2013 after having worked for 33 years at Ma