News
Brazil clears Technip, FMC merger
French LNG-engineer Technip and Houston-based FMC Technologies said they have received approval from Brazilian antitrust regulators to continue with their proposed merger. The pending combination revealed earlier this year has received clearance by the General Superintendent of the Administrative Co
Statoil ordered to improve at Heimdal
Norwegian offshore safety agency the Petroleum Safety Authority (PSA) has sent a notification of order to Statoil following an audit of Heimdal main platform and riser pipe platform, offshore Norway, seeking improvements of the company’s operations. The PSA carried put an audit of operations, mainte
Oil prices fall on concerns over OPEC-Russia production deal and profit taking
By Roslan Khasawneh SINGAPORE (Reuters) – Oil prices fell on Friday on concerns whether major producers would implement an OPEC-Russia deal to cut production and as investors took profits after Brent touched a 16-month high a day earlier on news of the deal. “It looks achievable on the face of it, p
Italy to receive first U.S. LNG cargo?
Italy is about to receive its first cargo of U.S. LNG produced from shale gas, at least that it is what the ship tracking data currently shows. This would be only the fourth U.S. cargo to land in Europe since Cheniere’s Sabine Pass liquefaction facility started exporting the chilled fuel at the end
Hurricane Joins Tempest, Tornado and Typhoon
Following the delivery of the fourth and final crew transfer vessel (CTV) built for CWind – the Hurricane TOW – in July 2016, Aluminium Marine Consultants (AMC) issued a release on 29 November, saying the four vessels have been built as “future-proof” for a booming offshore wind market. According to
Ulstein Tries Out Second Siemens SOV at Sea
Ulstein’s yard number 310, the second wind farm service operation vessel (SOV) built for Bernhard Schulte (BS) Offshore and chartered out to Siemens Wind Power Service, is currently undegoing sea trials. “The first reports state that the progress is good and testing so far has been successful,” Ulst
Cluff boosts Southern North Sea resources
London-based investment company Cluff Natural Resources (CLNR) has increased its resources in the Southern North Sea license following receipt of recently reprocessed 3D seismic data. The company on Thursday reported a ‘significant increase’ in P50 Prospective Resources on its 100% owned License P22
Weakness in maritime market pushes Rolls-Royce to cut 800 jobs
Rolls-Royce has made plans to accelerate the transformation of its Marine business, which supplies technology and services to merchant, offshore, and naval vessels, as a result of continuing weakness in the maritime market. According to the company’s statement on Thursday, planned measures include a
Aker BP integration complete after BP, Det norske merger
Aker BP, a new exploration and production player in Norway, has completed the integration after the merger between Det norske oljeselskap and BP Norway, announced earlier this year. The merged company on Thursday announced that Aker BP now operates “as one organization with considerable ambitions on
Oil prices surge, smash trading volume records as OPEC and Russia agree output cut
Oil prices shot up 13 percent, smashing trading volume records, after OPEC and Russia cut a deal to reduce output to drain a global supply glut, but analysts warned they could remain modest by historical comparison as other producers fill the gap.
Roll-Royce axes 800 jobs in Marine business
Rolls-Royce said on Thursday that around 800 workers will be laid off as the company continues the transformation of its Marine business.
Iveco: sixth LNG station opened in Italy
Iveco, Maganetti and Levissima-Sanpellegrino opened the sixth LNG station in Italy in Gera Lario (Como).
Probe finds flaws in preparations for Oseberg wellhead platform use
Norwegian offshore safety agency the Petroleum Safety Authority (PSA) has found several irregularities during its audit of Statoil’s preparation to use the Oseberg H platform that will be set in the North Sea. The Oseberg Vestflanken 2 is under development, with scheduled production start in 2018. T
Race Bank to Get First Blades Produced in Hull
With the official opening of Siemens blade factory in Hull set to take place today, DONG Energy informed that the first blades manufactured at the factory will be used at its Race Bank offshore wind farm. Brent Cheshire, DONG Energy’s UK Country Chairman, said: “DONG Energy is absolutely committed t