News
Gas suppliers Praxair, Linde discuss merger
By Mike Stone and Jens Hack NEW YORK/FRANKFURT (Reuters) – U.S. industrial gas supplier Praxair Inc and German peer Linde AG have held initial talks about a merger to create a market leader with a value of more than $60 billion (46.5 billion pounds), people familiar with the matter said, sending sha
UK Sentences Turkish Sailors to 42 Years for Drug Smuggling
Two Turkish sailors have been jailed for a total of 42 years in relation to the largest ever seizure of cocaine in the UK made in April 2015 some 100 miles off the coast of Aberdeenshire, Scotland, according to the Crown Prosecution Service. Following a joint operation of UK-based National Crime Age
Interview: Are we looking at offshore helicopter crew change alternative?
Dutch shipbuilder Damen Shipyards Group, and offshore access systems provider Ampelmann have teamed to develop a marine access solution for the crew transfer market. Offshore Energy Today has interviewed Mr. David Stibbe, working as a Business Development Manager responsible for Marine Access & Oil
OPEC deal a tough task, as oil output freeze expectations rise
By Rania El Gamal and Alex Lawler DUBAI/LONDON (Reuters) – OPEC will probably revive talks on freezing oil output levels when it meets non-OPEC nations next month as top exporter Saudi Arabia appears to want higher prices, according to OPEC sources, although Iran, Iraq and Russia present obstacles t
WFW Assists Strabag with Global Tech II Sale
International law firm Watson Farley & Williams (WFW) has advised Erste Nordsee-Offshore-Holding GmbH, a joint subsidiary of STRABAG SE and, indirectly, Etanax GmbH, on the legal and tax aspects of the Global Tech II sale to Vattenfall. Malte Jordan, who led WFW’s Hamburg team that advised on the pr
WFW Assists Strabag with Global Tech II Sale
International law firm Watson Farley & Williams (WFW) has advised Erste Nordsee-Offshore-Holding GmbH, a joint subsidiary of STRABAG SE and, indirectly, Etanax GmbH, on the legal and tax aspects of the Global Tech II sale to Vattenfall. Malte Jordan, who led WFW’s Hamburg team that advised on the pr
Arklow Valiant
In mid-May 2016, Arklow Valiant left the harbour of Delfzijl, in The Netherlands, for her sea trials. In that same week, immediately after successful completion of the sea trials, she was handed over to her new owners, Arklow Shipping. Only seven weeks prior to the handover, on Friday the first of A
Palfinger Marine bails out of TTS Group buy
Austrian crane specialist Palfinger Marine has decided not to complete the planned acquisition of the Norwegian cranes and offshore access systems provider TTS Group. The pair announced in June this year that Palfinger would offer NOK 5.60 in cash for one TTS share in the event of a positive due dil
Rosneft Q2 profit down
Russia’s Rosneft on Monday said its second-quarter net profit dropped by 33.6 percent as compared to the corresponding period a year ago. Rosneft’s net income fell to 89 billion roubles ($1.38 billion) from 134 billion rubles a year earlier due to lower oil prices. Revenue declined by 6.1 percent to
Petrofac’s CFO to leave in October
Petrofac, the international oil and gas facilities service provider, on Monday informed its CFO Tim Weller will leave the company to take up the role of chief financial officer of G4S, the integrated security group.
DSME orders Bestobell valves for three Arctic LNG newbuilds
Parker Bestobell Marine received a new order from Daewoo Shipbuilding & Marine Engineering (DSME) in South Korea to supply cryogenic valves for three new vessels.
Popular news, August 8 – 14, 2016
Popular news, August 8 – 14, 2016
Top news of the week August 8-14, 2016
Report: ExxonMobil buys stake in Eni’s Mozambique LNG development Italian oil and gas company Eni has reportedly sold a multi-billion dollar stake in its planned Mozambique LNG development to U.S.-based energy giant ExxonMobil. Sempra: FID on Cameron LNG expansion project could be postponed San Dieg
Offshore worker airlifted from North Sea platform
An offshore worker has been airlifted from a UK North Sea platform due to a medical emergency. Following reports that an offshore worker was evacuated from a North Sea platform on Friday, August 12, 2016, Offshore Energy Today reached out to UK’s Maritime and Coastguard Agency (MCA) seeking more det