News
Aker BP to remove emergency response vessel from Alvheim
Oil company Aker BP has been given a permission to remove an emergency response vessel from the Alvheim field in the North Sea, off Norway. Norway’s offshore safety regulator, the Petroleum Safety Authority (PSA), said on Friday it has given its consent to Aker BP to remove the vessel from the field
Titan LNG receives funding for its LNG bunkering pontoon
Titan LNG, the supplier of LNG to the marine and industrial markets in North West Europe, has been awarded a subsidy of €500.000 (Approx: US$535,000) by the province of North-Holland to support the construction of its LNG bunkering pontoon.
Brave Tern Assembles First Wikinger Turbines (Photos)
Iberdrola has shared several photos showing the start of turbine installation works at the 350MW Wikinger offshore wind farm in the German part of the Baltic Sea. The photos show Fred. Olsen Windcarrier’s jack-up vessel Brave Tern installing some of the wind farm’s 70 Adwen 5MW wind turbines at the
Wärtsilä’s fourth quarter order intake drops
Finnish engine manufacturer Wärtsilä order intake during the fourth quarter 2016 dropped 6 percent from the same quarter in 2015, reaching €1.32 billion (Approx. US$1.41 billion).
Oil prices dip as rising U.S. output offsets OPEC-led cuts
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent crude futures, the international benchmark for oil prices, were trading at $56.17 p
AzEire gains extension for license offshore Ireland
AzEire, the Ireland focused oil & gas exploration company backed by Seacrest Capital, has been awarded an extension to its 100% working interest FEL 1/13 license in the Porcupine Basin, off Ireland. The consent for the extension was given by the Minister for Communications, Climate Actions and Envir
Coalition calls for collaboration on boosting LNG as fuel
The industry coalition SEALNG said that it is crucial to understand the opportunities presented by the adoption of LNG as a marine fuel as well as to tackle the associated commercial barriers.
Photo of the Day: Sea Challenger Installs First Four Siemens Turbines at Dudgeon
A2SEA’s wind farm installation vessel Sea Challenger has installed the first four Siemens 6MW turbines at the 402MW Dudgeon offshore wind farm located some 32 kilometres off North Norfolk,UK. Sea Challenger has already picked up the second four-turbine batch from the load out port in Hull and is en
Deloitte: changing LNG markets suit adaptive companies
Despite near-term headwinds, the long-term future of global liquefied natural gas is positive for participants able to adapt to a more fragmented market, according to Deloitte’s new report “Navigating the new world of LNG.”
Paris MoU Detains Ship in Russian Port
The Paris MoU organization detained a general cargo vessel in Port of Rostov-on-Don, Russian Federation, on January 4, 2017. M/V Sormovskiy 54, which flies the flag of Palau, is owned by Russia’s Navigator Group, VesselsValue’s data shows. The 3,400 dwt single-deck vessel represents the third detent
Survey: Cost cutting main priority for 2017. O&G players looking at renewables too
Oil and gas firms are seeking to rebalance business portfolios and are reorganizing for a new era, according to a survey by DNV GL, the technical advisor to the oil and gas industry. For 2017, the surveyed companies expect a drop in capital investments, increase in M&A activity and shows that cost
Trump victory, Brexit impact is shifting West’s Russia bias: Gazprom
By Vladimir Soldatkin and Shadia Nasralla VIENNA (Reuters) – Russian state-controlled gas producer Gazprom expects Donald Trump’s election as U.S. president, Brexit and upcoming elections in France and Germany to improve Western attitudes towards Moscow, Gazprom’s deputy head Alexander Medvedev said
BP outlook: LNG to grow seven times faster than pipeline gas trade
Global LNG sector will grow seven times faster than pipeline gas trade and is expected to account for around half of all globally traded gas by 2035, up from 32 percent now, BP said in its annual Energy Outlook on Wednesday.
How Russia sold its oil jewel — without saying who bought it
By Katya Golubkova, Dmitry Zhdannikov and Stephen Jewkes MOSCOW/LONDON/MILAN (Reuters) – More than a month after Russia announced one of its biggest privatisations since the 1990s, selling a 19.5 percent stake in its giant oil company Rosneft, it still isn’t possible to determine from public records