News
Shearman & Sterling advises OneLNG on JV deal with Ophir
New York headquartered law firm Shearman & Sterling advised OneLNG on its agreement to establish a joint operating company with Ophir Energy to develop the Fortuna FLNG project off Equatorial Guinea.
Lloyd’s Register introduces decommissioning support service
Lloyd’s Register, a global engineering, technical and business services organization, has launched a new decommissioning service, with the timing coinciding with the Offshore Decommissioning Conference 2016 held this week in the UK. Lloyd’s Register said on Wednesday that the new service would help
Scotland Looks Into Impacts of Brexit on Cruise Industry
Cruise industry operators and representatives are gathering at a summit in Edinburgh today to discuss the potential impact of Brexit on Scotland’s cruise industry, among other issues. The summit comes as Cruise Scotland announced that an estimated 520,000 passengers disembarked at ports across Scotl
IEA sees annual gas demand growth at 1.5 pct
Global natural gas demand is projected to grow by 1.5 percent to 2040 with the markets, business models and pricing arrangements all in flux, according to IEA’s World Energy Outlook 2016.
Shell to shut Glasgow finance office and cut 380 jobs
Global oil and gas giant Shell has informed its employees in the finance operations office in Glasgow that it would lay them off and shut the office there. The decision follows a review of Shell’s global finance operations network, the company said. Shell said that on Wednesday morning, senior manag
DNV GL advances support for adoption of LNG as fuel
The widespread adoption of LNG as fuel is facing a number of challenges one of which is the varying composition of LNG fuel globally.
IEA: Gas and renewables set for big growth. Fossil fuels far from over
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, according to the latest edition of the World Energy Outlook, the International Energy Agency’s f
IEA: gas and renewables ‘winners’ of the next 25 years
As a result of major transformations in the global energy system that take place over the next decades, renewables and natural gas are the big winners in the race to meet energy demand growth until 2040, the International Energy Agency said in its latest World Energy Outlook.
Golar LNG raising funds through stock offering
Golar LNG on Monday said it has offered 6,500,000 shares of its common stock priced as US$23.50 per share.
Antrim sells Irish subsidiary
Antrim Energy Inc., an international oil and gas exploration company, will sell its Ireland subsidiary to AzEire, making a step towards the dissolution of the corporation, earlier approved by its shareholders. The company said on Wednesday it reached a deal with AzEire to sell its Ireland subsidiary
Oil prices extend rally, shrug off U.S. stock build
By Aaron Sheldrick TOKYO (Reuters) – Oil futures rose on Wednesday, shrugging off an industry report that showed an unexpected build in U.S. crude stocks, and adding to gains of nearly 6 percent from the previous session. Oil prices had surged on Tuesday as members of the Organization of the Petrole
Safety body probes Martin Linge living quarters construction
Norway’s petoleum safety watchdog, the Petroleum Safety Authority (PSA), has found an irregularity during an audit of Total’s management of the construction of the living quarters for the Martin Linge development offshore Norway. PSA said on Wednesday that one non-conformity was identified during th
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.
Maersk Supply Service sheds two more offshore vessels
Maersk Supply Service has sold additional two vessels as the next step in the company’s plan to shed 20 vessels over the next year and a half. To remind, Maersk Supply Service’s announced its plan to cut its fleet of vessels and more than 400 jobs in the process back in August. According to VesselsV