News
Clontarf bags deep water acreage off Equatorial Guinea
Ireland-based Clontarf Energy has been awarded offshore Block 18 (EG-18) as part of the Equatorial Guinea 2017 bid round. According to the company’s statement on Tuesday, Block 18 covers approximately 5,056 km2 of undrilled deep water acreage with several play types and the company’s focus will be o
Ports of Antwerp, Caofeidian Bolster Ties
On June 2, Belgium’s Antwerp Port Authority signed a memorandum of understanding (MOU) with the Port of Caofeidian in China to collaborate in the framework of the “One Belt One Road” project in which China seeks to connect its main ports and industrial cities more closely with crucial trade centers
Ship’s Engine Issue Briefly Halts Traffic in Bosphorus
Vessel traffic in the Bosphorus Strait was briefly suspended on June 5 when a Malta-flagged general cargo vessel ran into trouble in the waterway. The 1986-built vessel Andre Michel 1 suffered an engine malfunction in the Garipce area of the Bosphorus shortly after noon local time. According to GAC,
IMCA names Heerema Marine Contractors man as president
The International Marine Contractors Association (IMCA) has named Heerema Marine Contractors’ Harke Jan Meek its new president. TechnipFMC’s Bruno Faure has completed his two-year term of office, and has stepped down as President of IMCA in accordance with the organization’s constitution. He will re
Oil subdued on worries Middle East rift will undermine output cuts
By Henning Gloystein SINGAPORE (Reuters) – Oil prices bounced around low levels in choppy trading on Tuesday, with Brent crude holding below $50 over concerns that a political rift between Qatar and several Arab states would undermine efforts by OPEC to tighten the market. Persistent gains in U.S. p
BP awards Angelin job to McDermott
Engineering company McDermott said it has been awarded a contract from BP Trinidad & Tobago for the Angelin gas field, located 40 kilometers off the east coast of Trinidad and Tobago.
Michie: UK oil & gas industry’s focus must remain on efficiency
Lessons learned from efficiency changes made to adapt to lower oil prices must be a basis for UK’s oil and gas future that could be delivered by Vision 2035, said Oil & Gas UK CEO Deirdre Michie. Michie said during an opening session of the Oil and Gas Industry Conference on Tuesday that the focus m
Scotland hikes oil & gas innovation spend
First Minister of Scotland Nicola Sturgeon has welcomed new figures showing oil and gas innovation spend in Scotland almost trebled last year. According to a Tuesday statement by the Scottish Government, funding of £15.9 million from Scottish Enterprise supported 82 companies to deliver 111 innovati
GE, Baker Hughes name leadership team for joint company
Oilfield service provider Baker Hughes said a new executive team has been named to lead the company once the combination with GE’s oil and gas business is complete.
Linklaters advises on Coral South FLNG financing
The London-headquartered law firm, Linklaters, has advised Eni and its Area 4 partners, CNPC, ENH, Galp and KOGAS on the project financing for the $8bn Coral South floating (LNG) project in Mozambique.
Spanish Ports Hit by Nation-Wide Strike
Spanish dockworker unions have launched today a nation-wide strike impacting operations across the country’s ports. According to the representatives of the Coordinadora Estatal de Trabajadores del Mar (Coordinadora), a Spanish dockworkers union, almost 100 percent of workers supported the strike. Th
LNG bunkering facility planned for Danish Grenaa port
LNG Gorskaya Overseas of Estonia signed a memorandum of understanding with Grenaa Havn to establish a liquefied natural gas bunkering facility at the Danish port.
Hexatronic Cable Heading to Rampion
Swedish fiber optic cable infrastructure provider Hexatronic is delivering 17.5 kilometres of its double armored 96 fiber submarine cable to the Rampion offshore wind farm in the UK.
Hexatronic Cable Heading to Rampion
Swedish fiber optic cable infrastructure provider Hexatronic is delivering 17.5 kilometres of its double armored 96 fiber submarine cable to the Rampion offshore wind farm in the UK.