News
Oil service workers go on strike in Norway
Over 300 oil service workers in Norway went on strike on Wednesday morning after mediation between the Norwegian Oil and Gas Association and the Norwegian Union of Industri Energi failed. To remind, mediation over the collective oil service agreement between the employers’ organization in Norway and
RGU to help develop training framework for Indian subsea sector
Robert Gordon University (RGU) in Aberdeen has been awarded funding from the UK Government to establish a sustainable training framework for the energy sector in India with a focus on accelerating skills development in deep-water subsea operations. The University welcomed the Indian Minister for Pet
Subsea UK to unlock Mexican market for UK companies
UK subsea companies will be heading to Mexico City next week on a showcase trade mission to increase business and trade opportunities in Latin America’s most promising energy hubs. The event has been organized by the Department for International Trade (DIT) in association with Subsea UK, along with
ECA Delivers Underwater MCM Systems to Two Navies
ECA Group has delivered several underwater mine counter measure (MCM) systems to two navies, Kazakhstan being one of them. The system is entirely based on specialized robots, and mines are detected using sonar fitted either on autonomous underwater vehicles or on surface drones, while avoiding the m
FID In Place for Nissum Bredning Project, Siemens’ Tech Testbed
Nissum Bredning Vindmøllelaug and Jysk Energi, which placed the winning bid for Nissum Bredning Vind project earlier this year, following a call for tender from Danish Energy Agency’s (DEA), have made the final investment decision for the 28MW pilot project in northern Denmark. The commercial aspect
ABTO Sheds Light on Cargo Liquefaction Dangers at Bulk Terminals
The Association of Bulk Terminal Operators has warned that cargo liquefaction, an issue commonly associated with the seaborne transportation of unprocessed mineral ores and concentrates, is also an issue which bulk terminals need to pay attention to. Speaking at the ICHCA ISP76 panel meeting in Lond
Report: Yamal LNG unaffected by low oil prices
Yamal LNG’s output is less sensitive to oil price movements due to the project’s cash cost, according to Novatek’s chief financial officer Mark Gyetvay.
Turkish Cargo Ship Sinks off Cyprus
Turkish general cargo vessel Murat Hacibekiroglu II sank in the Mediterranean Sea, northwest of Cyprus, on Monday, September 19, according to local media. The 2,061 dwt cargo ship, laden with cement, sank one hour after the vessel’s master issued a distress call, stating that the engine room was tak
Shell cuts jobs in Norway
Following the oil giant Shell’s acquisition of the UK’s BG Group earlier this year, it was announced that the merger would lead to thousands of job cuts across the global operations to avoid overlapping. Well, the time has come for Norway to feel the cuts. Namely, Shell Norway announced in May this
Norway: Mediation starts over oil service pay deal
Mediation between the Norwegian Oil and Gas Association and the Norwegian Union of Industry and Energy Workers (Industry Energy) over the collective oil service agreement is taking place today. The deadline is 24.00 tonight. If the agreement is not reached the union’s workers might down their tools.
European Commission to asses Luxembourg, Engie tax deals
The European Commission opened an in-depth investigation into Luxembourg’s tax treatment of Engie (formerly GDF Suez) that could have given the French LNG-player unfair advantage over other companies.
Norway: August oil production beats forecast
Norwegian Petroleum Directorate’s preliminary production figures for August 2016 show an average daily production of 1 929 000 barrels of oil, NGL and condensate, which is a decrease of 202 000 barrels per day (approximately 9.5 percent) compared to July. Total gas sales were 8.1 billion Sm3 (GSm3),
Oil climbs as Venezuela sees output deal
Oil prices rose on Monday from multi-week lows after Venezuela said OPEC and non-OPEC producers were close to a deal to stabilise the market and as clashes in Libya disrupted attempts to boost crude exports.
Engie to cut 1,150 French jobs, LNG unit making losses- L’Expansion
French gas and power group Engie plans to cut about 1,150 jobs in various support functions and the firm’s Liquefied Natural Gas (LNG) business is set to book a full-year loss after making losses in the first half, L’Expansion said.