News
Oil & Gas UK boss hails Chrysaor, Ineos deals
Deirdre Michie, chief executive at the industry trade association Oil & Gas UK (OGUK), has welcomed two recently completed major North Sea deals.
Shell makes changes to board committees
The Hague-based Shell named Catherine Hughes, a non-executive director of the company, as a member of the Corporate and Social Responsibility Committee, effective November 1.
Ten Missing after Cargo Ship Sinks off Turkey
Ten seafarers have been reported missing after the Turkey-flagged general cargo ship Bilal Bal sank some seven nautical miles off the coast of Istanbul. A search and rescue operation for the missing crew members, all of whom are of Turkish nationality, is currently underway, according to the Turkish
It’s official: DONG leaves oil & gas (and jokes) in the past. Changes name
DONG Energy has received shareholders’ approval to change its name to Ørsted, reflecting a move away from oil and gas. Twitter jokes won’t be missed either.
Clarksons: Bulk Carrier Ordering Turns a Corner
Following limited contracting in the bulk carrier sector in the last three years, ordering has started to pick up with 17.1 million dwt contracted in the first nine months of 2017. By the end of September 2017, the orderbook totalled 623 vessels of 64 million dwt, equivalent to 7.9% of fleet capacit
Lithuania, UAE to exchange LNG know-how
Lithuanian energy minister, Žygimantas Vaičiūnas, signed a memorandum of understanding with his UAE counterpart on bilateral cooperation, exchange of knowledge and experience in the fields of solar energy and LNG technologies.
Highlights of the Month: October 2017
Offshore WIND’s highlights of the past month.
‘Maersk Forza’ closing in on helicopter wreckage recovery ops
The Maersk Forza subsea construction vessel is expected to start recovery operations as soon as it is positioned over the site.
Shell completes Gabon, UK North Sea deals
The Hague-based LNG giant Shell has completed the sale of its assets in Gabon and UK North Sea as part of the company’s $30 billion divestment programme put in place after its takeover of BG Group. Shell said on Wednesday it had finalized the previously announced sale of its entire Gabon onshore oil
Shell closes sale of UK North Sea assets
Oil major Shell has completed the sale of a package of UK North Sea assets to Chrysaor for a fee of up to $3.8bn.
Novatek inks Arctic LNG 2 deals with Chinese partners
Russia’s largest independent natural gas producer, Novatek signed a memorandum of understanding with China Development Bank for the implementation of Arctic LNG 2 project.
TechnipFMC, Petronas in tech collaboration
Oilfield services provider TechnipFMC together with Petronas Research Sdn Bhd (PRSB) and Petronas Technology Ventures Sdn Bhd (PTVSB), both subsidiaries of Petroliam Nasional Berhad (Petronas), signed a Tripartite Heads of Agreement recently. In a statement on Tuesday, Technip said the collaboration
Rolls-Royce pays $25 million to Petrobras in bribery settlement
Brazilian oil giant Petrobras has received R$81 million as part of Rolls-Royce’s settlement with the Brazilian authorities related to the Lava Jato bribery scandal. Petrobras said on Monday that it received the R$81 million ($24.7M) settlement from the British company last Friday, October 27. Accord
DNV GL O&G names regional South East Asia and Australia boss
DNV GL – Oil & Gas named Brice Le Gallo as regional manager for South East Asia & Australia, as the investment in the gas industry in the Asian oil and gas market increases.