News
Update: Body Recovered from Sunken Fishing Vessel that Collided with Midvolga 2
Spanish Maritime Safety Agency (Salvamento Maritimo) has located one of the bodies of the two missing crewmembers of the fishing vessel who went missing after their vessel collided with the Russian tanker Midvolga 2. Following the collision on March 20, the boat El Fairell sank three miles from the
Maersk’s Tyra redevelopment to revive Faroe’s Trym
Following an agreement between Denmark and Maersk Oil which enables a full redevelopment of the Tyra field in the Danish North Sea, production from the Faroe-operated Trym field off Norway will not cease next year as it had been previously expected. Earlier on Thursday, Maersk Oil informed about the
World’s first LNG bunkering vessel to arrive in Zeebrugge by April 2
The world’s first purpose-built LNG bunkering vessel, Engie Zeebrugge, built for Engie, Fluxys, Mitsubishi Corporation, and NYK’s Gas4Sea partnership is set to arrive in Zeebrugge by April 2.
Norway green-lights Sigyn lifetime extension
The Norwegian Petroleum Directorate (NPD), a government agency that manages oil and gas resources, has granted consent for continued use of the subsea facilities on the Sigyn field in the North Sea from the end of 2017 until the end of 2022. The licensees in Sigyn are ExxonMobil, the operator, with
LNG to fuel cleaner marine transport, IGU report says
The International Gas Union (IGU) latest report highlighted the detrimental impact of marine transport on air quality levels, emphasizing the positive role LNG can play in combatting these impacts as an alternative and cleaner fuel for shipping.
Rockhopper looking to get Ombrina Mare money back from Italy
UK-based oil and gas company Rockhopper Exploration has started international arbitration proceedings against Italy in relation to the offshore Ombrina Mare project. The Ombrina Mare is an appraisal/development project located off the Abruzzo, a region in Italy, in the shallow waters of the Central
GasLog cashes in $250 million through public offering
GasLog, an international owner, operator and manager of LNG carriers, raised $250 million through its latest public offering.
Denmark: Tyra won’t be shut as Maersk reaches deal with gov’t
Danish oil company Maersk Oil has reached an agreement with the Government of Denmark which it says will facilitate future oil and gas investments in the Danish North Sea and protect industry jobs in Denmark. To encourage investment in oil extraction in the North Sea the Government has lowered taxes
UK hands out 25 offshore licenses to 17 oil companies
UK’s Oil and Gas Authority (OGA) has offered for award 25 licences for 111 blocks or part blocks to 17 companies in the 29th Offshore Licensing Award to enable further exploration and production across frontier areas of the UK Continental Shelf (UKCS). The 29th Licensing Round, launched on July 27,
Room for improvement found on Statoil’s Åsgard B
Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has found two improvement points during an audit of load-bearing structures and maritime systems on Statoil’s Åsgard B platform. The Statoil-operated Åsgard oil and gas field in the Norwegian Sea is located around 200 kilometers from th
BigRoll takes delivery of final MC vessel
BigRoll Shipping, a heavy marine transportation provider, has taken delivery of its fourth and final MC Class vessel, the BigRoll Beaufort. The newbuild vessel was handed over to BigRoll by Cosco Dalian Shipyard in Leiden, the Netherlands, the owner of the vessel said in a statement on Monday. The v
Eni expands exploration acreage offshore Ivory Coast
Italy’s Eni grabbed the majority stakes in two new exploration block approximately 50 kilometers off the shore of the Ivory Coast.
Scottish duo to fund oil & gas innovations
Industry Technology Facilitator (ITF), an oil industry trade organization, and the Oil & Gas Innovation Centre (OGIC) have teamed up to fund and support the development of innovations in the industry. Namely, OGIC has made £1 million ($1.25 million) available to support companies with projects that
RockRose closing in on multiple North Sea assets buy
Oil and gas production company RockRose Energy has made progress with its plan to buy a pair of North Sea assets from Maersk Oil. In addition, the oil company is buying two Southern North Sea gas fields. The companny announced on December 22, 2016, that it had signed sale and purchase agreements wit