News
Report: Offshore decommissioning set for steady growth
Offshore oil and gas decommissioning in the UK and Norway is slated for a gradual but steady growth over the next decade, Oil and Gas UK, a body representing UK’s offshore oil and gas, industry said on Tuesday. Oil and gas UK has released report “Decommissioning Insight 2016,” which it says is the f
EAGC: will we see another Prelude FLNG?
Hague-based energy giant Shell, that is currently constructing the world’s largest floating LNG producer, Prelude FLNG, may consider building another unit of that size – depending on the market, Marjan van Loon, Shell’s top executive in the Netherlands said on Tuesday.
Deloitte to replace EY as BP’s external auditor
Oil major BP will propose that global consulting agency Deloitte be appointed as the company’s auditor for the financial year 2018 to its shareholders at BP’s 2018 Annual General Meeting. BP said on Tuesday that this decision was taken following a competitive audit tender. In BP’s 2013 annual report
Island Offshore in talks with creditors. Stops paying amortization
Norwegian offshore vessel owner Island Offshore has decided to stop amortization payments, citing tough market conditions. The company has said the move is a part of the company’s strategy to address its long-term financing structure with the aim of restructuring its balance sheet. “The Group has, a
Dynagas LNG Partners’ third quarter income jumps
Dynagas LNG Partners, a partnership formed by Dynagas, reported an adjusted net income of US$19.1 million for the third quarter, 19.1 percent up on the $16 million in the corresponding period of 2015.
Technip names Deep Explorer Diving Support Vessel
French oilfield services provider Technip has named its latest newbuild, the diving support vessel (DSV) Deep Explorer, at Vard’s Langsten shipyard in Norway. Technip said on Tuesday that the vessel was officially named on Saturday, November 12, by Heidi Brovoll-Bø, wife of Knut Bø, President of Tec
Study: Shell tops ideal O&G employers list
A study of oil and gas workforce, conducted by Rigzone, has revealed which operators and service companies are rated highest by oil and gas professionals based on key issues including values, performance and pay rates. According to the study Shell, Chevron, ExxonMobil, BP and Halliburton make up the
Woodside, BHP Billiton complete Scarborough transaction
Australian oil and gas company Woodside has completed the acquisition of half of BHP Billiton’s Scarborough area assets in the Carnarvon Basin, located offshore Western Australia. The acquisition has completed successfully for a purchase price of $250 million and a contingent payment of $150 million
DW: Non-OPEC NOCs best positioned for OPEC meeting outcome
The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing said Douglas-Westwood, an energy intelligence group, in its DW Monday report. In this conte
Brexit Sets Stage for UK Free Ports
Brexit could provide the United Kingdom with new economic freedom if the country exits the EU Customs Union, a new report by UK’s Centre for Policy Studies (CPS) says. The report, entitled The Free Ports Opportunity, calls on the country’s government to take the opportunity to create Free Ports acro
Marine Robotics Innovation Centre Marks First Anniversary
Southampton’s Marine Robotics Innovation Centre at the National Oceanography Centre (NOC) is this week celebrating its one year anniversary by hosting a week of marine technology events. Opened in November last year, by Jo Johnson, minister of state for universities and science, the centre now has 1
Oil pinned near three-month lows as gloom grows over OPEC
By Amanda Cooper LONDON (Reuters) – Oil fell to its lowest in three months on Monday, as the prospect of another year of oversupply and weak prices overshadowed chances that OPEC will reach a deal to cut output. Donald Trump’s surprise victory in last week’s U.S. presidential election has boosted st
Report: Shell looking to sell business in Norway
Global oil major Shell has reportedly hired a bank to review its Norwegian assets, which could possibly lead to Shell exiting the Scandinavian country. According to the article by The Times, the company has assigned Rothschild bank to review the “$3bn Norwegian business.” The Times wrote on Sunday t
GAC UK Joins Beatrice Team
Seaway Heavy Lifting (SHL) has appointed GAC UK to provide shipping services support during the construction and installation of foundations, inter-array cables and offshore substations at the 588MW Beatrice offshore wind farm. SHL, the engineering, procurement, construction and installation (EPCI)