News
Fluxys Belgium: LNG Boosts Turnover
Fluxys Belgium said that its turnover for the period from 1 January to 30 September was €549 million, compared with €525 million in the same period in 2011. This increase of €24 million is mainly due to the substantial increase in LNG terminalling and transmission activities. Fluxys Belgium set asid
Gazprom: FID on South Stream Offshore Section Taken (Italy)
Board of Directors which includes representatives from Gazprom, Eni, EDF and BASF discussed the key issues of the South Stream project and adopted the final investment decision for the offshore gas pipeline section. “The South Stream project makes a great contribution to ensuring the European energy
Ophir Energy Issues Operational Update, UK
Ophir Energy issued an Interim Management Statement and Operational Update for the period 1 July 2012 to 30 September 2012. Corporate Highlights since 1 July 2012 Ophir Energy has achieved significant operational milestones, including: Successfully completed two 3D seismic programmes and commenced t
BP Facing Record Fine in Deepwater Horizon Settlement
British oil giant BP could pay a record fine and plead guilty to criminal misconduct in the Deepwater Horizon disaster as a part of the plea deal with the U.S. Department of Justice, Reuters has reported, citing sources close to the matter. The agreement could be announced as early as today, Reuters
SBM Offshore Revenues Up, The Netherlands
SBM Offshore announced consolidated revenues up almost 13% for the nine months to 30 September. Since the start of the third quarter, the Company secured financing for two large scale FPSOs for a total of over US$ 1.5 billion. The Company also announced the sale of GustoMSC, a non-core design and en
SBM Offshore Sells DSV Dynamic Installer
SBM Offshore, a Dutch based provider of systems and services to the global offshore oil and gas industry, today, November 15, announced it has sold a Diving Support Vessel to Dulam. The vessel, DSV Dynamic Installer, has been sold to the Dubai-based subsea services company, Dulam, for USD 14.8 milli
Aker Completes EUR 400 Million Credit Facility, Norway
Aker Solutions said that it has signed a new syndicated multi-currency credit facility of EUR 400 million. The facility is split into a 3-year tranche of EUR 270 million and a 1.5-year tranche of EUR 130 million and will be used for upcoming investments and general corporate purposes. In the new cre
Ireland: Research and Markets Releases Report on Offshore Wind Cable Laying Vessel Companies
Research and Markets has announced the GlobalData’s new report “Offshore Wind Cable Laying Vessel Companies – Profile and Project Overview”. Offshore Wind Cable Laying Vessel Companies – Profile and Project Overview is the latest report from GlobalData, the industry analysis specialists that offer c
Ireland: Research and Markets Releases Report on Offshore Wind Cable Laying Vessel Companies
Research and Markets has announced the GlobalData’s new report “Offshore Wind Cable Laying Vessel Companies – Profile and Project Overview”. Offshore Wind Cable Laying Vessel Companies – Profile and Project Overview is the latest report from GlobalData, the industry analysis specialists that offer c
Shell Awards Technip Framework Agreement
Technip was awarded by Shell Global Solutions (Malaysia) Sdn Bhd a framework agreement for offshore facilities in a region covering Asia, Australia, and New Zealand (“East region”). The contract is for a period of five years, with an additional five-year extension option. The contract concerns engin
NewLead Fights to Reclaim Unpaid Charter Fees
The Greek shipowner NewLead Holding is determined to reclaim $16.4m in unpaid charter fees owed by Taiwan’s Today Makes Tomorrow (TMT), the Shipping Herald reports. NewLead makes constant monitoring on its fleet and investments, NewLead spokesperson said and added: “NewLead’s next step is to target
Canada: Quadra to Host Tidal Energy Debate
SRM will hold a public consultation with Quadra residents regarding the tidal energy potential around their island, writes Campbell River Mirror. Namely, the company applied for licenses to determine the tidal potential in south Discovery Passage and Seymour Narrows, Strathcona Regional District (SR
UK: Dawlish Warren Dredging Plan Introduced
The Environment Agency and Teignbridge Council are considering to undertake a dredging project at the Dawlish Warren’s beach. This program, if realized, would include removing of a large amount of sand from one east Devon town to another. According to BBC News, this restoration project could commenc
Indonesia: Gov’t Dismantles BPMigas. AWE Not Worried
Constitutional Court of Indonesia has dismantled BPMIGAS as the state upstream oil and gas regulator. According to Jakara Post the government is considering transferring the functions of the now-defunct BPMigas to a subsidiary of state energy firm PT Pertamina. It has been reported that all the prod