News
Iran crucial for OPEC production cut deal, secretary says
OPEC Secretary General, Mohammad Sanusi Barkindo, met with Iran’s Minister of Petroleum, Bijan Namdar Zanganeh, during a closed-door session on November 19 in Tehran. The visit comes ahead of the much-awaited OPEC meeting in Vienna on November 30, where OPEC members will decide whether to cut oil pr
Operational and performance tests progress at Dunkirk LNG terminal
Operational and performance tests, part of the Dunkirk LNG commissioning, are 60 and 30 percent complete, respectively.
Sovcomflot profit down 36 pct YoY
Russia’s largest shipping company Sovcomflot posted a 36.2 percent drop in its third-quarter net profit in a”challenging” tanker market. Sovcomflot reported a net income of US$52.1 million as compared to $81.6 million in the same period last year. “Despite the tanker market conditions being challeng
Shearman & Sterling advises Golar Power on Sergipe LNG-to-power project
New York headquartered law firm Shearman & Sterling said it is serving as Golar Power’s advisor in connection with the development of Porto de Sergipe LNG-to-power project in Brazil.
Wärtsilä to deliver natural gas-fired power plant to Argentina
Wärtsilä of Finland has been contracted to supply a 101-MW power generation plant to Pampa Energía in Argentina, featuring multi-fuel engines running on natural gas and heavy-fuel oil.
UK: New industry group set to maximize Southern North Sea gas reserves after members revealed
A steering group of offshore companies working together to explore opportunities to maximize remaining gas reserves in the Southern North Sea (SNS) has been appointed. According to UK’s Oil & Gas Authority (OGA), a mix of operators, duty holders, service businesses and supply chain organisations wil
Popular news, November 14 – 20, 2016
Read this week’s most popular offshore industry news roundup on Offshore Energy Today
Top news of the week November 14-19
Novatek CEO: first Yamal LNG cargo on track Novatek’s giant Yamal project in Russia is on track to ship its first cargo of LNG by the end of next year with the project’s plant around 85 percent complete, according to Novatek’s CEO Leonid Mikhelson. EAGC: will we see another Prelude FLNG? Hague-based
UK: Hurricane gets ‘out of round’ license. Hopes for Lancaster extension
Hurricane Energy, a UK-based oil and gas company developing its Lancaster discovery off UK, has been awarded the Halifax P2308 license off the Shetland Isles by the Oil and Gas Authority in an out of round application. Hurricane said on Friday that the license extends northeast from the company’s ex
Industry takes another look at 50 years of UKCS exploration data
Common Data Access (CDA), a subsidiary of Oil & Gas UK and provider of data management services for seismic and well information to the sector, will host an industry workshop to go through the results of the first Unstructured Data Challenge 2016. The Unstructured Data Challenge 2016 set by the CDA
Taming the Baltic Sea for the Viking (Gallery)
Bladt is set to send off the last of 41 jacket foundations manufactured for the 350MW Wikinger offshore wind project, after the company loaded it on a barge yesterday. Spanish Navantia is in charge of the remaining 29 jackets for the 70-turbine wind farm in the German part of the Baltic Sea. The fir
Awilco LNG posts Q3 loss, freight income slightly down
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, reported a lower net loss in the third quarter due to the sale of its two laid-up carriers. Awilco LNG reduced its net loss to US$4.2 million in the third quarter, as compared to $11.5 million in the previous quarter, the LNG shipper
Eni approves Coral FLNG investment plan
Eni of Italy has approved the investment plan for the first phase of the development of the Coral gas discovery in the Rovuma Basin (Area 4), offshore Mozambique.
Ophir shuffles board committee membership
London-based Ophir Energy on Friday said it has made a number of changes to the membership of its board committees.