News
UK offers more offshore blocks in supplementary bidding round
UK’s Oil and Gas Authority (OGA) informed on Monday that companies can now apply for new licenses to drill for offshore oil and gas in a number of blocks in the Offshore 2016 Supplementary Round. OGA said on Tuesday that the fourteen blocks on offer in the Supplementary Round are outside of the 29th
Shareholders approve Technip, FMC merger
Shareholders of both French LNG-engineer Technip and Houston-based FMC Technologies voted on Monday to approve the proposed merger between the two companies. According to a joint statement by Technip and FMC, shareholders for the two companies met in separate meetings and approved resolutions to com
Cross-industry collaboration ‘crucial’ to future success on UKCS, survey says
A recent collaboration survey conducted by Oil & Gas UK, a representative body for the UK offshore oil and gas industry, and Deloitte has shown that nearly all (98 percent) respondents see collaboration as ‘crucial’ to their future success. Oil & Gas UK said on Tuesday that the ‘UKCS upstream supply
Portugal’s Sines LNG terminal to receive cargo
REN-operated Sines LNG import terminal in Portugal is to receive a fresh cargo of the chilled fuel, shipping data by the Port of Sines shows. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard the 175,000-cbm LNG Abuja II. The newbuild carrier delivered to NLNG th
Magnolia, Meridian LNG offtake deal extended
An offtake agreement between US Magnolia LNG export project in Louisiana and Meridian LNG, a proposed FSRU-based import project in the UK, has been extended. The proposed 8mtpa Magnolia LNG and UK’s Meridian LNG have agreed to further extend the financial close date condition precedent for Magnolia
Parker Bestobell wins contract for Scottish LNG ferries
Parker Bestobell Marine has secured a contract to supply cryogenic globe and check valves for two dual-fuel Caledonian MacBrayne Ferries (Calmac) being built at Ferguson Marine Engineering in Glasgow. The new ferries will be able to operate on both liquefied natural gas (LNG) and marine diesel. The
FMC Technologies, Technip shareholders say Yes! to merger
FMC Technologies and Technip are set to finalize their previously announced merger deal after obtaining approvals from their respective shareholders. The U.S. subsea equipent provider, and the French oilfield services specialist on Monday evening issued a joint announcement saying that the companies
Gazprom, Eni bosses talk European gas supply
Russian Gazprom’s CEO, Alexey Miller, and his counterpart at Italy’s Eni Claudio Descalzi met on Monday in St. Petersburg. During the meeting, the two CEOs discussed the dynamics of Italy’s gas market and the prospects of Italian and European gas supply from Russia, also from alternative sources, En
PSA Inspects Barrier Management at Wintershall’s Brage
The Petroleum Safety Authority (PSA) Norway has carried out an audit of Wintershall’s barrier management at Brage. Wintershall Norge is the operator of the Brage field, located in the North Sea, approximately 13 kilometers east of Oseberg. Brage has been developed using an integrated facility on a s
KNOT Offshore Partners expands shuttle tanker fleet
KNOT Offshore Partners has expanded its fleet with another shuttle tanker – the Raquel Knutsen. The shipowners has informed it has completed its acquisition of the ownership interests in the company that owns and operates the shuttle tanker Raquel Knutsen. The deal was concluded for an aggregate pur
Clarksons: Bulkers Account for Lion’s Share of Scrapped Tonnage in 2016
Strong demolition has been a prominent feature of the shipping industry this year, as challenging market conditions continue to drive a significant supply-side response in a number of sectors, according to Clarksons Research. As conditions in most sectors were under pressure, 2016 has been an extrem
Arkona OWF Site Now UXO-Free
E.ON informed today that the unexploded ordnance (UXO) removal at the Arkona offshore wind farm construction site in the German Baltic Sea has been completed. The site, with an area of 39 square kilometers halfway between the island of Rügen and the Danish island of Bornholm, is now completely free
GasLog moving forward with FSRU conversion
Monaco-based LNG shipper, GasLog on Monday said that Singapore’s Keppel shipyard begun ordering equipment required for the conversion of an LNG carrier to a floating storage and re-gasification unit. GasLog aims to convert one of its LNG tankers or one from the company’s MLP, GasLog Partners to an F
CWind Completes ROV Subsea Inspections at Amrumbank West
CWind has completed inspections of monopiles, scour protection and cables at a number of locations at E.ON’s Amrumbank West offshore wind farm off the coast of Germany. To carry out the survey, CWind deployed a V8 Ocean Modules Inspection Class ROV from one of its vessels. The ROV was fitted with a