News
V.Ships Offshore to manage Milaha’s lift boat
V.Ships Offshore, part of V. Group, has been awarded a new ship management contract by Milaha Offshore to provide full technical and crew management services for their self-propelled jack-up lift boat – the Milaha Explorer. The ship management services will be delivered from V.Ships Offshore’s newly
Alaska LNG sees first production in 2025
Alaska LNG project filed its second draft resource report with the Federal Energy Regulatory Commission earlier in June noting the project is targeted to start up in approximately 2025.
Westermeerwind Officially Open
Dutch Minister of Economic Affairs, Henk Kamp, officially opened the Westermeerwind wind farm yesterday. Main contractor Siemens, together with its subcontractors and Westermeerwind project team, has erected the 48-turbine wind farm with 65 ships and barges in nearly one million man-hours. Mammoet a
Atkins wins Chevron support services contract
Atkins, the London-based engineering consultancy, has been awarded an engineering support services contract with Chevron’ Australian unit for its oil and gas assets in Western Australia.
Gazprom gives nod to new asset sales program
Russian gas giant Gazprom has approved a new program for the disposal of non-core assets for the next three years. Over the period from 2013 through the first quarter of 2016, the company earned a total of RUB 45.2 billion ($705m) from selling non-core and inefficient assets, Gazprom said in a state
Wentworth’s Tembo-1 gas well development in Mozambique approved
East African oil and gas explorer Wentworth Resources has received governmental approval for its Tembo-1 gas discovery appraisal plan in Mozambique, becoming operator and increasing its interest from 11.59 percent to 85 percent.
Probe finds room for improvement at Statoil’s Johan Sverdrup development
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has identified several improvement points during its audit of the Johan Sverdrup export pipelines, offshore Norway. The PSA said the audit was conducted on April 18 and 19 with the goal of establishing if Statoil has been carry
Repsol’s integration of Talisman gets passing grade in Norway
Spanish oil company Repsol bought the Canadian energy company Talisman in 2015 for $8.3 billion, plus assumed debt of $4.7 billion. Given that Talisman had offshore oil and gas assets in Norway, the Norwegian authorities have performed an audit of the integration process between Spanish oil giant’s
Houston Pilots Blame 2015 Collision on Fuel Issues
The Houston Pilots Association is taking a stand against the results of a collision study released by the National Transportation Safety Board (NTSB) which noted that the pilot’s difficulty of controlling the bulk carrier Conti Peridot was the probable cause of a collision in the Houston Ship Channe
Bristow to launch rescue and recovery service for Nigeria’s oil & gas industry
Bristow Helicopters (Nigeria) has announced a new helicopter rescue and recovery (RRS) service for Nigeria’s oil and gas industry. Bristow said on Tuesday that the new service, expected to launch in August 2016, will provide life-saving assistance, currently not available in the country’s aviation l
EY: Private equity firms set to increase investment in O&G sector
Private equity (PE) firms are preparing to deploy capital into the global oil and gas sector with 25% planning acquisitions before the end of the year and 43% by the first half of 2017, according to an EY global survey of 100 PE firms active in the sector. With US$971.4b of PE dry powder from June [
Russia’s Gazprom eyes asset swap deals with Shell, OMV by year-end
Russia’s state-controlled gas giant Gazprom could gain control over some of the assets that Shell acquired earlier this year from BG group, a senior Gazprom executive said in an interview.
Russia’s Gazprom eyes asset swap deals with Shell, OMV by year-end
Russia’s state-controlled gas giant Gazprom could gain control over some of the assets that Shell acquired earlier this year from BG group, a senior Gazprom executive said in an interview.
BW Offshore’s financing plan gets bank support
BW Offshore, an Oslo-listed provider of floating production vessels for the offshore oil and gas industry, has obtained support from banks for its long term financing plan. The company on Tuesday said it had received approvals from all of its lending banks to implement the plan introduced in May. To