News
UK oil & gas production efficiency rises fourth year in a row
Production efficiency (PE) on the UK Continental Shelf (UKCS) has risen for a fourth consecutive year to 73%, according to a new publication released on Thursday by the UK’s regulator, Oil and Gas Authority (OGA). This represents an additional production of 12 million barrels of oil equivalent (boe)
ECSA & ETF: Digital Solutions in Shipping Needed to Decrease Administrative Burden
Shipping is urgently better served by smart digital solutions to finally alleviate administrative workload on crew and companies, it was highlighted by ECSA and ETF on the occasion of the Digital Assembly 2017. Being held in Valletta on June 15-16, the assembly is co-organised by the European Commis
UK regulator to let Maersk Oil sell North Sea stakes to RockRose
UK independent RockRose Energy has made progress in getting interests in a pair of UK North Sea fields from Maersk Oil North Sea UK, a UK subsidiary of the Danish oil firm Maersk Oil. RockRose Energy said on Thursday that the UK’s oil regulator OGA had confirmed that Maersk Oil North Sea UK will rec
BP, RIL to develop gas fields off India
The UK-based energy giant BP and Reliance Industries intend to develop deepwater gas fields already discovered off India, as part of an agreement to expand their partnership.
Offshore safety regulator focuses on Johan Sverdrup Phase 2
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has carried out an audit of Statoil’s follow-up of improvement processes during Phase 2 of the Johan Sverdrup development in the North Sea. The PSA said on Thursday that it carried out the audit on March 9, and April 6 and 24. The
Tidetec Puts Its Turbine to Test
Tidetec has completed installation of its tidal turbine is in the test rig at the Technical University of Munich. The following month the turbine will be tested to show performance data, Tidetec informed. The performance data from the lab tests will verify the overall efficiency for these types of t
German Maritime LNG Platform Inks Arctic Commitment
German Maritime LNG Platform has signed the Arctic Commitment, joining a number of international companies, organizations, politicians and polar explorers calling for a ban on heavy fuel oil (HFO) use in Arctic shipping. “The Clean Arctic Alliance welcomes the German Maritime LNG Platform as a signa
BP: global natural gas output stalls, LNG on the rise
Natural gas production worldwide last year recorded the weakest growth in almost 34 years as liquefied natural gas (LNG) trade rose and continues the upward trend, according to a report by energy giant BP. Global gas production increased only 0.3 percent to 21 bcm in 2016, the weakest growth in gas
Maersk Supply Service puts nine newbuilds on back burner
Maersk Supply Service has entered into agreements with two yards to postpone delivery of five anchor handling newbuilds and four subsea support vessel newbuilds. Maersk Supply Service informed on Wednesday it has agreed to postpone delivery of five anchor handling vessels under construction at Kleve
Reaching the Next Level with the Online International Business Guide
More insights into the worldwide supply chain and a wider selection of companies and organizations: the 2017 version of the online Offshore WIND International Business Guide promises to take the reference guide to the next level.
BP Shipping delivers PSV duo to Ocean Yield
Ship-owning company Ocean Yield on Wednesday took delivery of two platform supply vessels (PSVs) from BP Shipping. To remind, Ocean Yield acquired the two platform suppliers from BP Shipping earlier this week for a total consideration of $105.4 million. The two vessels, NS Orla and NS Frayja, were b
STS LNG bunkering service starts in Belgium’s port of Zeebrugge
Belgium’s port of Zeebrugge has started offering ship-to-ship liquefied natural (LNG) bunkering service. The LNG bunkering vessel Engie Zeebrugge recently performed its first deliveries to the LNG-powered pure car and truck carriers Auto ECO and Auto Energy, both owned by UECC. The LNG bunkering ope
Sevan Marine resolves tax dispute in Norway
Sevan Marine, a Norwegian company designing offshore oil and gas platforms, will get back the cash it paid as part of a tax assessment dispute with the Norwegian tax authorities. Sevan Marine said it had in January received a decision from Skatt Sør (Norwegian tax authorities) that the tax assessmen
OWiX Looking for Offshore Wind Ideas
The Offshore Wind Innovation Exchange (OWiX) has announced the opening of a Call for Ideas for its first four innovation challenges, as identified by key players in the offshore wind industry.