News
Fitch: US sanctions cut Russian LNG project funding options
Securing funding for LNG projects could prove to be a challenge for Russia, where some potential project sponsors (Rosneft, Novatek) and fields (Yuzhno Kirinskoye, operated by Gazprom) are under Western sanctions, according to Fitch Ratings.
Greece Sells Major Stake in Thessaloniki Port
Greece has signed a deal to sell a majority stake in Thessaloniki Port as part of its bailout plan.
OPEC and Non-OPEC oil production cuts reach ‘an impressive level’
OPEC and Non-OPEC countries which have participated in voluntary production cuts since late 2016, achieved the highest level of conformity with their respective adjustments in production during the month of November. This was revealed by the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC
Ineos: Forties to return to normal rates ‘early in the new year’
A small number of customers of the Forties pipeline system are sending oil and gas through the pipeline following a recent stoppage due to a hairline crack.
SBM Offshore faces damage claim over improper sales practices in Brazil
Brazilian court has allowed the signing of a leniency agreement with the Dutch FPSO provider SBM Offshore related to corruption probe over improper payments to Petrobras’ executives. However, a new damage claim has been filed against the company’s Brazilian unit.
Aker BP completes Valhall and Hod deals
Norwegian oil company Aker BP has completed the acquisition of Hess Norge and the sale of its ten percent interest in the Valhall and Hod fields off Norway to Pandion Energy.
Siccar Point closes Jackdaw divestment
Siccar Point Energy has completed the divestment of its equity interest in the Jackdaw discovery to Dyas UK Limited.
Fuelling the Future
Over the next few decades, defining an optimal response to the challenges of climate change and rising sea levels will be at the forefront of the dredging industry’s agenda. Royal IHC’s Manager R&D, Erik van der Blom, is at the heart of a new philosophy regarding sustainability, which encompasses te
Popular news, December 18 – 24, 2017
Read Offshore Energy Today’s most popular news for the past week.
Photos: Ocean Crown Runs Aground near Klaipeda
Supramax bulk carrier Ocean Crown went hard aground near Lithuania’s Giruliai, Klaipeda, on December 24.
Top news of the week December 18-23
Cheniere amends Corpus Christi LNG deal with Bechtel The US LNG export player Cheniere said it’s unit Corpus Christi Liquefaction signed a $2.36 billion amended turnkey deal for with Bechtel for Stage 2 of the Corpus Christi LNG facility on the U.S. Gulf Coast. World’s largest LNG shippers upbeat ab
Eni finally takes hold of Caspian Sea block in Kazakhstan
Italian oil company Eni has finally taken hold of a fifty percent stake in the Isatay block
Last Turbine Added to Galloper Array
The 56th and final Siemens Gamesa 6MW wind turbine was installed at the Galloper offshore wind farm today. The 353MW offshore wind farm is expected to be commissioned in Spring 2018.
RockRose expands North Sea portfolio
UK North Sea-focused oil company RockRose has expanded its foothold in the region by completing two acquisitions on Friday. The company confirmed completion of the purchase of Egerton Energy Ventures Limited, including non-operated interests in the Galahad (27.80%) and Mordred (8.33%) gas fields loc