News
Norway October oil output falls short on lower contribution from Goliat, Gina Krog fields
Norwegian oil production in October fell short of expectations on lower production from Statoil’s Gina Krog field, and from Eni’s Goliat field in the Barent Sea. However, production was higher compared to September 2017. According to the Norwegian Petroleum Directorate, preliminary production figure
Flex LNG sees shipping market tighten, banks on MEGI premium
Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, has seen the LNG shipping market tighten considerably over the past months.
Siccar farms out West of Shetlands blocks to Ineos
An interesting Tuesday for the UK North Sea news. First we reported on Serica’s acquisition of BP’s Bruce assets, now there’s more. Ineos is taking Siccar Point’s interest in the West of Shetlands assets. Siccar Point has informed that it has signed a farm-out deal with Ineos covering two exploratio
Eni, FCA pledge to reduce CO2 emissions in road transport
Italy’s Eni and FCA signed a memorandum of understanding to jointly develop research projects and technological applications aimed at reducing CO2 emissions from road transport vehicles.
Marin Teknikk to Design Offshore Vessel for Debmarine Namibia
Kleven Verft has entered into a Memorandum of Understanding (MoU) with Debmarine Namibia to build a new offshore vessel of Marin Teknikk MT6027 design. The vessel will follow the MT6022 SS Nujoma delivered in 2016 to Debmarine Namibia. The new vessel, with a length of 177 meters and a breadth of 27
BiFab lives to fight another day
Offshore fabrication company BiFab will not go under after all after last week’s threat that the company might go to administration following a dispute with key clients. According to reports last week, the issue had arisen over unpaid fees to BiFab by Seaway Heavy Lifting for work related to the con
Gazprom, Mitsubishi talk Sakhalin II expansion progress
Alexey Miller, the head of the Russian giant Gazprom on Friday discussed liquefied natural gas (LNG) cooperation with Takehiko Kakiuchi, president and CEO of Mitsubishi Corporation.
Oil & Gas UK in final tax change push ahead of Autumn Budget
Oil & Gas UK has made its final case for a tax change ahead of the UK Autumn Budget set to be presented to Parliament on Wednesday.
Ancala completes Apache’s North Sea pipeline stake buy
Ancala Midstream has completed the acquisition of Apache’s interests in the Scottish Area Gas Evacuation (SAGE) System and the Beryl Gas Pipeline for an undisclosed sum.
Royal Navy destroys WWII bomb found near North Sea pipeline
UK’s Royal Navy has destroyed a World War II bomb found sitting on the sea bottom near a North Sea gas pipeline. In a statement on Friday, the navy said that a Royal Navy minehunter has destroyed a 500lb wartime bomb which was dredged up and then dropped “next to a major North Sea gas pipeline.” [&h
Wood starts work on Beryl pipeline and SAGE
Oilfield services company Wood has started a contract to act as operating partner of the Scottish Area Gas Evacuation (SAGE) system and Beryl pipeline, on behalf of Ancala Midstream Acquisitions Limited (Ancala Midstream).
Offshore safety audit finds flaws related to Visund’s flexible risers
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has found several issues during an audit of the Statoil-operated Visund platform off Norway.
Popular news, November 13 – 19, 2017
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Clarksons: Recycling Market in Limbo
The ship demolition market is plagued by a high level of uncertainty leaving the market analysts in limbo when it comes to discerning which direction the market will take. Despite the lack of tonnage, reports suggest that there is a general apathy from the actual ship recyclers making it very hard t