News
Offshore safety body green-lights subsea ops off Norway
Oil and gas companies Aker BP, ExxonMobil, Gassco, and Statoil have received consent from Norway’s safety body, the Petroleum Safety Authority (PSA), for manned underwater operations in 2017. The PSA said on Friday that Statoil signed framework agreements with Technip Norge and Subsea 7 Norway on th
GTT’s 2016 revenue up
Gaztransport & Technigaz (GTT), the French maker of LNG containment systems, posted a revenue of €235.6 million (Approx: US$249.5 million) for the year 2016, a 4 percent increase compared to the year before.
European Offshore Wind Breaks Generation Record
On 22 February, offshore wind turbines in Europe generated 218GWh and thus broke the offshore wind generation record.
Second Race Bank OSS Ready to Go
The topside and jacket of the second substation for the Race Bank offshore wind farm have been loaded onto a pontoon in Hoboken, Belgium, according to Seacontractors’ latest social media post.
Kosmos, BP firm ties on West African LNG project
Kosmos Energy received governmental approval and completed the $916 million farm-out of assets in the Mauritania-Senegal basin to BP.
Teekay in Yemen LNG charter payment deferral, says to take delivery of third MEGI tanker soon
Teekay LNG, one of the world’s largest operators of liquefied natural gas tankers, said Thursday its joint venture with Marubeni has agreed to a further deferral of the charter payments for the two LNG carriers serving the closed Yemen liquefaction plant. Teekay LNG owns a 52 percent interest in the
MV Siddis Mariner to Soon Replace MV Siem Marlin at BARD Offshore 1
Ocean Breeze Energy will replace MV Siem Marlin, the vessel currently in service at the BARD Offshore 1 wind farm, with MV Siddis Mariner in the first quarter of 2017, according to Siem Offshore Contractors (SOC), the owner of the two vessels.
MV Siddis Mariner to Soon Replace MV Siem Marlin at BARD Offshore 1
Ocean Breeze Energy will replace MV Siem Marlin, the vessel currently in service at the BARD Offshore 1 wind farm, with MV Siddis Mariner in the first quarter of 2017, according to Siem Offshore Contractors (SOC), the owner of the two vessels.
Delek Group: Leviathan partners reach FID
Delek Group said a final investment decision for the development of the first phase (Phase 1A) in the development plan of the Leviathan gas field has been reached by the project partners.
Repsol says Canaport LNG regas volumes down on mild weather
Spanish energy giant Repsol said Thursday its Canaport liquefied natural gas (LNG) import terminal in Canada has during the last year regasified 30.4 percent less of the fuel than the year before. Canaport’s LNG regasification volumes reached 16 trillion British thermal units (tBtu) in 2016, as comp
OGA recruiting volunteers for well P&A optimization program
UK’s Oil and Gas Authority (OGA) has begun a search for operators to voluntarily participate in a multi-operator, well plug and abandonment (P&A) optimization program. OGA said on Thursday that the objective of the pilot program was to demonstrate the cost savings which can be achieved through colla
Repsol profitable in 2016. Production rises
Spanish oil firm Repsol has reported a full year 2016 net profit of 1.7 billion euros, up from a net loss of around 1.4 billion euros a year ago. According to Repsol, this is the company’s highest annual net income in the last four years, boosted by the company’s successful execution of its efficien
Moody’s says LNG prices to remain capped beyond 2020
Ratings agency Moody’s expects global liquefied natural gas (LNG) prices to remain constrained beyond 2020 as a wave of fresh supply capacity comes online at a time when demand from the world’s largest importers is weakening. Strong LNG demand growth from China, India and new markets would not be en
Combi Lift Handling Nordsee One Turbine Parts (Gallery)
German heavy lift specialist Combi Lift has been hired to handle the transport of turbine components for the 332MW Nordsee One offshore wind farm in the North Sea.