News
Lundin completes Alta-3 testing
Lundin Petroleum said its unit, Lundin Norway, completed the drilling and testing of the re-entry of appraisal well Alta-3, on the eastern flank of the Alta discovery in PL609.
Unexploded German Bomb Discovered in Portsmouth Harbour
A barge carrying out dredging works discovered an unexploded World War Two bomb on the seabed of the Portsmouth Harbour on Thursday. The barge was preparing seabed for the arrival of the Navy’s new 65,000-tonne aircraft carrier HMS Queen Elizabeth next spring. Royal Navy bomb disposal experts towed
Lundin pleased with Alta appraisal. More drilling ahead
Swedish oil firm Lundin Petroleum has successfully completed the drilling and testing of the re-entry of appraisal well 7220/11-3 A (Alta-3) on the eastern flank of the Alta discovery in PL609, offshore Norway. The Alta discovery is estimated to contain gross contingent resources of between 125 and
Maersk Oil makes ‘unsettling’ changes
Danish oil firm Maersk Oil on Thursday outlined plans to review the scope and scale of its headquarters organization over the next three months. The to-be CEO Gretchen Watkins said the changes could be unsettling for the employees. The move is a response to the recent outcome of the Maersk Group’s s
Transocean Winner rig almost ready for Hawk heavy lifter
Following news earlier this week that the recently grounded Transocean Winner rig was waiting on weather to continue sail away preparations, work has begun to move the rig aboard the semi-submersible vessel Hawk. In an update on Thursday, the UK’s Maritime and Coastguard Agency (MCA) said work had s
With 10 rigs out of service, oil strike to leave 1,700 workers unemployed?
A conflict between the Norwegian union Industri Energi and the employers’ organization the Norwegian Oil and Gas Association will result in ten out of service rigs during the week and more than 1,700 employees laid off, the Norwegian Shipowners’ Association (NSA) has said. The oil service workers’ s
Elengy’s Montoir LNG terminal restarts following emergency shutdown
The Montoir de Bretagne LNG terminal on the French Atlantic coast has been automatically shut down on Wednesday due to a defect controller.
Norway completes Statoil’s Statfjord oil spill investigation. Irregularities found
The Norwegian offshore safety authority has completed an investigation of a crude oil spill from Statfjord field’s OLS B loading buoy in the Norwegian section of the North Sea on October 8, 2015. According to the Petroleum Safety Authority Norway, the investigation has revealed nonconformities from
Elengy revises LNG truck loading contract
Elengy, the operator of three French LNG terminals said it has reviewed its LNG truck loading contract, allowing more flexibility and access to its loading stations at Montoir de Bretagne and Fos Tonkin LNG terminals.
OPEC agrees to cut oil production
Organization of Petroleum Exporting Countries (OPEC) on Wednesday agreed to reduce oil production, aiming to stabilize oil prices. According to Reuters, this is the first such deal in eight years. The agreement in principle was reached in Algeria, where the OPEC oil ministers agreed to keep the prod
Two universities in Aberdeen launch degree in oil rig decommissioning
The UK’s first Masters degree in decommissioning oil rigs and platforms has been launched by the University of Aberdeen in partnership with Robert Gordon University (RGU). Both universities are developing a suite of joint Masters degrees, and the new program – thought to be the first of its kind in
Fluxys Belgium posts lower H1 profit
Fluxys Belgium, the operator of the Zeebrugge LNG terminal, on Wednesday said its net profit for the first half of 2016 reached €19.7 million, down from €26.9 million in the same period in 2015.
MSI: BWMC to Recover Dry Bulk Market?
Despite being beset with technical challenges and shipowners opposition, the implementation of the IMO Ballast Water Management Convention (BWMC) might provide the basis for a dry market recovery, according to Maritime Strategies International (MSI) Following the regulation’s entry into force on Sep
Wood Group sets up new data analytics center in Ireland
Oil and gas services company Wood Group has established a new data analytics center of excellence at its office in Galway, Ireland. The center, which is supported by the Department of Jobs, Enterprise & Innovation through IDA Ireland, broadens Wood Group’s capabilities in advanced data analytics to