News
Cyprus selects Eni, Exxon, Total for three offshore blocks
The Cypriot government has selected Eni, ExxonMobil, and Total for three offshore oil and gas exploration licenses as part of the country’s third licensing round. The country’s third offshore licensing round for offshore exploration in blocks 6, 8, and 10 in the Exclusive Economic Zone of Cyprus was
Technip, FMC Technologies merger set to complete in January 2017
The merger between Technip and FMC Technologies is set to be completed in less than a month. The two oilfiled services companies said on Wednesday that the Chancery Division of the High Court of Justice of England and Wales approved the European cross-border merger between Technip and TechnipFMC and
European Commission calls for new PCI projects
The European Commission on Wednesday opened a call for gas and electricity projects, including LNG terminals, to be submitted as candidates for the third EU projects of common interest (PCI) list.
Repsol to use own MOB boat for Gyda field contingencies
Spanish oil company Repsol has received consent from the Petroleum Safety Authority (PSA) for a change to the contingency plan for Gyda field in the Norwegian sector of the North Sea. The Gyda field is located in the southern North Sea between Ula and Ekofisk. It has been developed using an integrat
Statoil completes investigation of two incidents
Norwegian oil giant Statoil has completed investigations of a small fire aboard its Statfjord A offshore platform and exposure to poisonous H2S gas at Sture Terminal. Both incidents occurred in October. The oil company informed on Monday that reports have been submitted to the country’s offshore saf
Offshore workers see decline in oil & gas safety standards
Health and safety standards in the offshore oil and gas industry have dropped in the last six months, according to a survey by Unite, a trade union for offshore workers in the UK North Sea. The union informed on Wednesday it surveyed more than 700 offshore workers regarding the state of offshore hea
Siemens Receives First Belgian Offshore Wind Turbine Order
Rentel NV has placed an order with Siemens for the 309MW Rentel wind project. The contract includes the supply, installation, commissioning and maintenance of 42 SWT-7.0-154 wind turbines and marks the first order of Siemens offshore wind turbines in Belgium. In April, Rentel NV and Siemens signed a
Moore Stephens: Shipping Confidence up for Third Successive Quarter
Shipping confidence improved for the third successive quarter in the three months to end-November 2016, according to the latest Shipping Confidence Survey from accountant and shipping adviser Moore Stephens. In November 2016, the average confidence level expressed by respondents was 5.6 out of 10, e
Norway: Søviknes to replace Lien as new Minister of Petroleum and Energy
The Norwegian government has appointed Terje Søviknes, a member of the Progress Party, as the new Minister of Petroleum and Energy in Prime Minister Erna Solberg’s cabinet. The government said on Tuesday that Søviknes would replace Tord Lien, who has been the country’s Minister of Petroleum and Ener
Norway’s oil output in November jumps by 9 pct YOY
Norway’s oil production in November was 9 percent higher than oil production in November last year, the Norwegian Petroleum Directorate (NPD) reported on Wednesday. According to NPD, preliminary production figures for November 2016 show an average daily production of 2 153 000 barrels of oil, NGL an
Linde, Praxair move for merger
Linde AG of Germany and the U.S. rival Praxair, intend to merge under a new holding company through an all-stock transaction.
Subsea UK Urges Industry to Embrace ‘New Norm’
With a growing realization that lower oil and gas prices are here to stay, Subsea UK urged the industry to embrace the ‘new norm’ to safeguard the future of the UK’s £9 billion subsea sector. The call was issued as Subsea UK announced the final speaker line-up and programme for its 12th annual confe
Imenco Launches New Division
Imenco has launched a new division, Imenco Corrosion Technology, to promote its anode systems in the offshore renewable energy sector and the oil and gas industry. Imenco Corrosion Technology will provide a range of products including clamps to fit on to a wide range of construction detail like plat
Green light for Aberdeen Harbour expansion project
UK’s oil and gas capital’s harbor, Aberdeen Harbour, has announced that its plans to expand facilities into Nigg Bay, to the south of the existing harbor, are to become a reality. The beginning of the £350 million ($432.5M) project, which was recently granted planning consent in the form of Marine L