News
Popular news, Oct 31 – Nov 6, 2016
The most popular news of the week
Top news of the week Oct. 31-Nov. 5, 2016
Angola LNG production halted Angola LNG has suspended production at its 5.2 million tons per year liquefaction plant in Soyo as it is conducting a planned shutdown for a “minor intervention”, an Angola LNG spokeswoman confirmed to LNG World News on Monday. Cheniere narrows losses, plans mid-scale LN
A glimmer of hope for Farstad Shipping?
Norwegian offshore vessel owner Farstad Shipping, looking at ways to weather the storm caused by low oil prices, might have found a solution in Siem Industries. Farstad, the owner of 57 offshore vessels, has been working on various options to enhance its financial position in order to enable long-te
Gazprom’s LNG exports in line with 2015, Medvedev says
Gazprom’s LNG exports are expected to reach roughly the same volumes as in 2015, according to the company’s deputy chairman Alexander Medvedev.
Ten oil majors to invest $1B to ‘help tackle climate challenge’
The Oil and Gas Climate Initiative (OGCI), made up of CEOs of ten major oil and gas companies, on Friday announced an investment of $1 billion over the next ten years, to develop and accelerate the commercial deployment of innovative low emissions technologies. The CEO-led organization was designed
Oil and gas companies reveal $1 bln climate investment plans
The Oil and Gas Climate Initiative (OGCI), designed to catalyze practical action to reduce greenhouse gas emissions, said it will invest US$1 billion over the next ten years to deploy low emissions technologies.
Statoil gets nod to use Huldra platform during cold phase
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has granted Statoil consent to use the Huldra platform in the North Sea during its cold phase. PSA said on Friday that the consent applies to the use of the platform after the wells have been plugged and abandoned, casings rem
Eleven years of production for Statoil’s Kristin field
Thursday, November 3, 2016, marked the eleventh anniversary of Statoil’s Kristin field coming on stream, Norwegian Oil and Gas Association has informed. Located in the southwest part of Halten Bank in the Norwegian Sea, the Kristin field came online on November 3, 2005. The field has been developed
EMGS facing liquidity crunch as backlog keeps shrinking
EMGS, a Norwegian provider of electromagnetic survey services for the oil and gas industry, expects a rough patch ahead, with a near-term need to steer its shrinking backlog to growth mode. The company’s revenue fell to 4.5 million in the third quarter of 2016, from $16. 3 million in the same period
Royal Navy Divers Clear Garvie Island UXO
Fifteen Royal Navy clearance divers from the Clyde-based Northern Diving Group (NDG) recently traveled to Cape Wrath in Scotland to tackle unexploded ordnance left over from military exercises. The military training range at Cape Wrath is an important defence asset, a remote 107-square miles of moor
Gazprom, Mitsui talk LNG cooperation prospects
Gazprom’s head, Alexey Miller, discussed the prospects of partnership in the LNG sector with Mitsui’s chairman Masami Iijima during a meeting on Wednesday.
Shell drills for more gas for Tanzanian LNG project
Shell with its partners, Pavilion Energy and Ophir Energy, said it will start the drilling program covering two wells in Block 1 and 4, located in the Mafia Deep basin off Tanzania.
Atlantic Offshore: Another vessel sold for scrap
Shipping company Atlantic Offshore has sold its standby/supply vessel, the Ocean West, for recycling after the vessel completed its contract with Repsol Sinopec in the UK sector of the North Sea. Atlantic was awarded an ERRV contract with Repsol Sinopec, previously known as Talisman Sinopec Energy U
IHC IQIP Gets Maritime Innovation Award for Integrated Monopile Installer
The Integrated Monopile Installer, developed by Royal IHC’s subsidiary, IHC IQIP, has won the Maritime Innovation Award at the 11th Maritime Awards Gala, held on October 31. The award is presented annually for a Dutch innovation from the maritime sector that meets the requirements for widespread pot