News
UK LNG Imports Nosedive in 2012, Report Says
UK imports of liquefied natural gas fell by 45% in 2012, the Economist Intelligence Unit said in a report. According to the latest data from the UK’s Department of Energy and Climate Change (DECC), imports of LNG (which were almost 100% sourced from Qatar) fell by 52.5% in the first ten months of 20
USG People Sells USG Energy
USG People, a specialized provider of employment services in Europe, is selling USG Energy as part of its strategic revision aimed at focusing on market segments in which it can offer major added value and create sufficient scope. USG Energy is focused on providing personnel for drilling, production
VIDEO: Seven Oceans Pipelayer in Action
Subsea 7, one of the world’s leading subsea engineering and construction companies, has launched an interesting video of its Seven Oceans deepwater rigid pipelay vessel. The ‘Seven Oceans’ flexlay lay vessel is suitable for the installation of rigid pipes up to a diameter of 16” on the ocean floor i
UK Commits to Offshore Wind Energy
The UK has committed to bring 15 percent of its total energy from renewables by 2020, and has already constructed 2.67 gigawatts of offshore wind in order to reach this target (a figure included in Europe’s 4.3 gigawatt total). Previous to June 2012, offshore wind investment in the U.K. totalled 1.5
ConocoPhillips to Use Maersk Gallant for Eldfisk Drilling
ConocoPhillips Skandinavia AS (ConocoPhillips) has received consent to use the Mærsk Gallant jack-up rig for production drilling on Eldfisk 2/7-S in the Norwegian North Sea. The consent relates to pre-drilling and completion of five production wells and one injection well. The drilling will start in
Steel Cutting Ceremony Held for Axis’ Accommodation Unit (China)
Axis Offshore celebrated steel cutting according to the construction schedule with Cosco on 28th February 2013 for its first semi-submersible accommodation unit. The Axis Offshore site team manager, Magnus Olsson, congratulated the yard project manager, Wang Jianqiang, on the planned progress made b
Ports Establish LNG Fuelled Vessels Workgroup, Belgium
The shipping industry is showing increased interest in the use of LNG as a fuel for vessels. It is generally expected that by 2015 a number of progressive shipping lines will lead the way and will have LNG-powered vessels in their fleet, presenting a challenge for Ports around the world and shipping
Genel Buys 75 pct in MOG’s Phoenicia
Mediterranean Oil & Gas Plc has completed the sale of 75% of MOG’s shareholding in its wholly owned subsidiary, Phoenicia Energy Company Ltd (“PECL”), to Genel Energy plc (“Genel”). PECL owns the rights to exploration activity in Malta Offshore Area 4. Under the terms of the sale agreement Genel has
Ithaca to Buy Valiant for $309 Mln
Ithaca Energy today announced it has reached agreement under which it will acquire Valiant Petroleum for £203 million (equivalent to approximately US$309 million) The Acquisition is anticipated to result in the establishment of Ithaca as a leading mid cap North Sea oil and gas operator, with 2P rese
Largest CNG Filling Station in UK to Be Launched
Friday 8th March is the official Launch of the UK’s largest Compressed Natural Gas (CNG) Filling Station, located in Crewe. Attended by MP Edward Timpson, this event will also host the largest collection of CNG trucks and vans ever seen in the UK, with trucks from a number of manufacturers, includin
Apache Kills Gas Leaking Well (USA)
On Feb. 28, Apache reported that well control operations at Main Pass 295 have been successfully completed. The bottom of the well has been plugged and cemented and the migration of natural gas to another sand formation (which was occurring approximately 1,100 feet beneath the seafloor) has been sto
GDF SUEZ, BG Norge Pen Helicopter Contracts
On Thursday 28 February GDF SUEZ and BG Norge signed a long-term contract for the use of helicopter resources from Florø. Under the agreement, BG will use the helicopter which GDF SUEZ has on contract with CHC Helicopter Service. At most, BG will need up to ten trips per week to the Knarr field in [
Gasunie Launches ENDEX, The Netherlands
Gas infrastructure company Gasunie announced the launch of ENDEX. The launch of ENDEX follows the decision by APX-ENDEX to demerge into a power spot and clearing entity and a derivatives and spot gas entity, announced on September 17, 2012. At the same time, IntercontinentalExchange, Inc (ICE) and G
Sweden: MMT to Hold Presentation at Foundation Day
On the 7th of March, MMT´s survey specialist Ms Sara Andersson will give a presentation at the Foundation day 2013. The presentation is about the importance of how acoustic surveys needs to be verified by marine geotechnical investigations or video inspections for the offshore industry. Sara´s prese