News
Report: Energean picks floating solution for Tanin, Karish fields
Greek oil company Energean has reportedly decided to use a floating production solution for its Tanin and Karish fields, offshore Israel. To remind, Energean bought the Karish and Tanin natural gas fields in the Mediterranean Sea in December 2016. According to Bizportal, an Israeli business news web
IHS Markit: Total’s block off Cyprus to compete with Eni’s Zohr discovery?
Driven by the success of Eni’s major Zohr field gas discovery offshore Egypt in 2015, companies are rethinking the Eastern Mediterranean region’s gas potential, according to a new analysis from IHS Markit, an information and analytics group. Total’s announcement that it will drill a 2017 exploration
Malta in LNG first
Malta has received its first ever cargo of liquefied natural gas (LNG) on Wednesday at the Delimara terminal and power station. The Shell-managed 136,600-cbm LNG carrier Galea docked beside the floating storage unit (FSU) Armada LNG Mediterrana in the Marsaxlokk Bay. The FSU is moored at the Delimar
Oil prices rise as details of Saudi supply cuts start to emerge
By Henning Gloystein SINGAPORE (Reuters) – Oil rose on Wednesday, lifted by reports of Saudi supply cuts to Asia, but gains were capped by a lack of detail about the reductions and because of signs of rising supplies from other producers. Prices for Brent futures, the international benchmark for oil
Hammonia Grenada – Youngest Ever Boxship Sold for Scrap?
The 2010-built Hammonia Grenada has become the youngest containership sold for demolition, according to data provided by VesselsValue. The Panamax boxship, owned by German company Hammonia Reederei, was sold for USD 315/ldt (leight displacement) and sent to an unknown ship recycling yard. The 4,256
Forewind Names New General Manager
Forewind, an offshore wind consortium comprising innogy, SSE, Statoil and Statkraft, has appointed Trevor Baker as its new General Manager. Forewind has development consent orders for 4.8GW of offshore wind at Dogger Bank in the North Sea, comprising four individual 1.2GW projects. The general manag
Trio to share emergency response resources offshore Norway
Statoil, ExxonMobil, and Gassco have received consent from the Petroleum Safety Authority (PSA) to establish and participate in area contingency planning in the Sleipner Utsira area, off Norway. According to the safety agency, area contingency planning involves cooperation on emergency preparedness
Offshore safety watchdog probes Snorre B
Norwegian offshore safety agency, the Petroleum Safety Authority (PSA), has revealed several flaws at Statoil-operated Snorre B platform, off Norway, following audits within several disciplines. Snorre is an oil field in the Tampen area of the North Sea, around 150 kilometers west of Florø. The fiel
Gas supply from Lithuania’s LNG terminal soars in 2016
Gas supply from Lithuania’s LNG terminal in the port of Klaipeda to the gas transmission system rose 220 percent in 2016, compared to the year before.
Xcite shareholders have nothing to be excited about
Xcite Energy Limited, an oil company under liquidation, is set to leave its shareholders with nothing
Norway sets new record in gas exports
A new record for gas exports from Norway was set in 2016, according to a report by the Norwegian state-owned gas pipelines operator Gassco. Gassco said on Tuesday that, in 2016, 108.56 billion standard cubic meters (scm) were delivered within Gassco’s operatorship to Germany, Belgium, France, and th
Navig8 Gauntlet Joins Alpha8 Pool
Petroleum products shipping specialist Navig8 Product Tankers has taken delivery of the Navig8 Gauntlet, a 113,000 DWT LR2 tanker from China’s Guangzhou Shipyard International Company Limited (GSI). The Navig8 Gauntlet is the sixth of eight vessels contracted at GSI to be delivered to the company an
Carbon Trust OWA Looking for New Subsea Cable Monitoring Solutions
The Carbon Trust’s Offshore Wind Accelerator (OWA) has launched a new innovation competition on monitoring the condition of subsea cables to ensure that they are not damaged during the load out and installation process. The competition aims to solve this challenge by identifying and supporting the d
Report: Sikorsky ‘grounds’ all S92 helis after rough North Sea landing
Offshore helicopter manufacturer Sikorsky has reportedly instructed all owners of its S92 type helicopters to keep the units grounded, following a recent incident offshore the UK. According to BBC, all S92 helicopters have been grounded for safety checks, and owners have been told to carry out the c