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Statoil’s earnings drop
Norwegian energy giant and LNG operator Statoil reported a 58 percent drop in its adjusted operating profit for the year 2016.
BP turns to profit in 2016
UK-based energy giant and LNG player, BP reported a slight net profit for 2016, recovering from heavy losses the company logged the previous year. BP posted a profit of $115 million, compared with the headline loss of $6.5 billion reported for 2015. Theses figures included a total of $4 billion non-
Heriot-Watt Develops Robotics Solution for Offshore Wind Farms
A collaboration between colleagues from Heriot-Watt’s Ocean Systems Laboratory and the Smart Systems Group has secured funding to deliver a human-robotics hybrid solution for the maintenance and operation of offshore wind farms. The Heriot-Watt team, which includes Dr David Flynn, Dr Keith Brown and
Peru ships its first LNG cargo to UK
The UK is set to receive ist first cargo liquefied natural gas (LNG) from Peru.
Interview: Global offshore rig fleet worth $56.6 billion
VesselsValue, a website providing intel on offshore and shipping world including the valuations of the various kinds of vessels, has now expanded its coverage to offshore drilling rigs. Offshore Energy Today has interviewed VV’s Head of Offshore Miles Cole to learn more about the service, how they
London Port Annual Volumes Highest Since 2008
Trade in the UK’s Port of London in 2016 reached the highest this decade, rising 10 percent to top 50 million tons for the first time since 2008, the port said. In 2016, the Port of London’s terminals handled 50.4 million tons of cargo, five million tons (or 11 percent) up on 2015. Prior to [&hellip
Photo of the Day: Seajacks Scylla Puts Huisman Crane to Use at Veja Mate
Huisman Equipment has shared a photo of the jack-up vessel Seajacks Scylla installing one of the 67 Siemens 6MW turbines at the 402MW Veja Mate offshore wind farm using a 1,500mt Huisman Leg Encircling Crane. Seajacks Scylla and Fred. Olsen Windcarrier’s jack-up vessel Bold Tern started loading the
Photo of the Day: Seajacks Scylla Puts Huisman Crane to Use at Veja Mate
Huisman Equipment has shared a photo of the jack-up vessel Seajacks Scylla installing one of the 67 Siemens 6MW turbines at the 402MW Veja Mate offshore wind farm using a 1,500mt Huisman Leg Encircling Crane. Seajacks Scylla and Fred. Olsen Windcarrier’s jack-up vessel Bold Tern started loading the
Report: Uniper to sell its stake in Italian FSRU
Uniper has reportedly taken steps to sell its shareholding in OLT Offshore LNG Toscana, the company that owns and operates the FSRU Toscana about 22 km off the Italian coast between Livorno and Pisa.
Eni restarts Goliat output
Italian oil company Eni has restarted production from the Goliat field in the Barents Sea offshore Norway, following repairs to the damaged offloading hose. The field had been shut down in late December last year as the oil could not be unloaded and transported onshore due to a damage to the offload
UK: OGA awards contracts for petroleum system studies
UK’s Oil and Gas Authority (OGA), in collaboration with the 21CXRM Technical Advisory Committee, has awarded two contracts for petroleum system studies for the East Shetland Platform and South West Approaches area offshore the UK. The provision of the studies has been supported by the MER UK Explora
Delek in Ithaca Energy takeover
Israel’s Delek Group said it has reached an agreement with Ithaca Energy to acquire the remaining shares in the company for a total consideration of C$681 million (US$524 million).
OGA Awards Two Contracts for Petroleum System Studies
Oil and Gas Authority (OGA), in collaboration with the 21CXRM Technical Advisory Committee, has awarded two contracts for petroleum system related studies for the East Shetland Platform and South West Approaches area. The award is a part of the 21st Century Exploration Road Map initiative (21CXRM).
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