News
Engie chairman Mestrallet confirms support for CEO Kocher
PARIS (Reuters) – French gas and power group Engie’s chairman Gerard Mestrallet on Tuesday confirmed his support for new chief executive Isabelle Kocher, following media reports about tensions between the two managers. French news site WanSquare and newsletter La Lettre de l’Expansion have reported
Fitch: OPEC deal might not have lasting effect on oil prices
With the OPEC meeting on oil prices just a day away, a ratings agency doubts that, even if a production cut deal is agreed, its ability to have a lasting impact on prices is unclear and will depend on the size of the cuts and the willingness of members to stick to them. The much-awaited […]
Survey: Downcycle bottom near, job cuts slowing down?
More than two thirds of employers shed staff over the past year – by 15% for operators and 7% for contractors, according to an industry report released today, however there may be some positives.. However, bad news first. The 25th Oil and Gas Survey, conducted by Scotland’s Aberdeen & Grampian Chamb
Volstad Oceanic Vessel Leaves Turkish Tersan Shipyard
Volstad Oceanic vessel has left Tersan Shipyard in Turkey, where it was built, Skipsteknisk informed through social media. The vessel, of Skipsteknisk ST-259 Arctic design, is a purpose built offshore construction vessel for operation in Arctic waters, the company noted. The vessel was built for Vol
UK: Discharges to sea rose ‘slightly’ in 2015, but pollution on a downward trend overall
UK’s oil and gas industry offshore discharges to sea grew „slightly,“ in 2015, but overall, the discharges to sea and emissions to the air have been on a downward trend for the last 15 years, a report by Oil & Gas UK, the industry’s trade body has revealed. The reason for the rise in pollution [&hel
Energean proceeds to development phase of West Katakolon field
The Greek Ministry of Energy and Energean Oil & Gas, a Greek E&P company, have agreed on the conversion of the exploration license for the proven West Katakolon offshore field to a 25-year exploitation license with immediate effect. The West Katakolon Exploitation area is part of the Katakolon Conce
ABS, Keppel join coalition advocating LNG as fuel
SEALNG, a coalition created to promote the adoption of LNG as a marine fuel, has been joined by two new partners, the classification society ABS and Keppel Offshore & Marine’s Gas Technology Development.
Enagas: Spanish gas demand for power generation hits record high
Spanish LNG terminal operator, Enagás said on Tuesday that monthly natural gas demand for power generation in Spain will reach record levels in November. The demand for natural gas for power generation will close November with a growth of about 45% year-on-year, reaching approximately 7,400 GWh, the
Gabadi signs LNG JV deal with Singapore’s SSB
Gabadi of Spain on Tuesday signed a joint venture agreement with SSB Group’s unit SSB Cryogenic Equipment for LNG vessels maintenance.
6 Alpha Managing UXO Risk at Beatrice OWF
6 Alpha Associates informed today that it is currently carrying out a comprehensive unexploded ordnance (UXO) risk management for the Beatrice offshore wind farm, which will eventually result in issuing a final UXO safety clearance certificate. Upon completion, the work will confirm that the prospec
Collision Briefly Halts Traffic in Bosphorus Strait
Traffıc in the Bosphorus Strait was briefly suspended yesterday following a minor collision between two bulk carriers around the Anadolu Hirasi, according to GAC. Namely, due to a rudder mulfunction on the 3,634 dwt bulk carrier Forward, the vessel collided with the 70,000 dwt bulker Wadi Alkarnak i
Report: Maersk, Dong discuss oil merger
Denmark’s A.P. Moller-Maersk and Dong Energy are reportedly in talks to merge their oil and gas operations. Reuters reported on Monday, citing sources familiar with the matter, that the deal would create a business worth over $10 billion, including debt. The news agency also informed Maersk is worki
PHOTO: Skipsteknisk-designed OCV leaves Turkey
Norwegian offshore vessel designer Skipsteknisk shared a photo through its social media channels on Tuesday of the new offshore construction vessel (OCV) Volstad Oceanic as it was leaving the Tersan Shipyard in Yalova, Turkey. Skipsteknisk is the designer of the ST-259 Arctic, later named the Volsta
Shell considering selling its Iraq oil assets
By Ron Bousso and Dmitry Zhdannikov LONDON (Reuters) – Royal Dutch Shell is considering selling out of its oil fields in Iraq as part of its global $30 billion (24.18 billion pound) asset disposal programme, industry sources said on Monday. Shell is seeking to slim down its vast oil and gas portfoli