News
Teekay Offshore Partners in $200M private placement
Teekay Offshore Partners, a company providing tankers and FPSOs for the international oil and gas industry, has entered into binding agreements to issue $200 million of equity securities. The securities will be issued through two private placements. According to Teekay, both equity issuances are exp
Offshore WIND Conference 2016 Unveils Speaker Lineup
The two day program for Offshore WIND Conference 2016 is set and a great speaker faculty is already confirmed! Leading experts from the industry like David Molenaar (Siemens), Andreas Wagner (German Offshore Wind Energy Foundation) and Alun Roberts (BVG Associates) will discuss and present global bu
Crude oil prices rise for the first time in seven days
By Ahmad Ghaddar LONDON (Reuters) – Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over its EU membership. Brent crude futures <LCOc1> were up $1.11 at $48.30 a barrel by 1142 GMT, having dropped 3.6 pe
Gazprom continues LNG discussions with Gasunie
Russian giant Gazprom on Friday extended its list of companies it engaged with in talks on cooperation in the small-scale LNG sector.
Russia: Sakhalin Energy launches tender for 3rd LNG train
Sakhalin Energy, the operator of Russia’s only LNG plant, has on Thursday launched a tender for the construction of the third liquefaction train at the terminal on Sakhalin island. The Sakhalin-2 LNG facility has currently two liquefaction trains with a capacity of about 10 million tons per annum. T
Suomen Hyötytuuli Maps Out Works at Tahkoluoto
Finnish wind farm developer Suomen Hyötytuuli Ltd has launched a map showing progression of construction works at the site of the 40MW Tahkoluoto offshore wind farm off Pori. Seabed preparation works started earlier this month. The works include dredging and excavation to prepare the seabed for the
Sinopec slaps Repsol with $5.5B arbitration notice
Spanish oil company Repsol has been served a $5.5 billion arbitration notice by China’s Sinopec. Sinopec, together with its subsidiary, Addax Petroleum UK, has served the arbitration notice to Repsol’s subsidiaries Talisman Energy and Talisman Colombia. According to a statement by Repsol, Sinopec an
Hughes SSE Buys New Vessel, Adds Pre & Post Cable Laying Survey
Hughes Sub Surface Engineering (SSE) has acquired a new survey vessel and added Pre & Post Cable Laying Survey, including depth of burial surveys, Multibeam, Meteorology, and Bathometry Survey to its current services. MV Line will be re-named MV Cerys Line after a refit, with the vessel’s current cr
Hughes SSE Buys New Vessel, Adds Pre & Post Cable Laying Survey
Hughes Sub Surface Engineering (SSE) has acquired a new survey vessel and added Pre & Post Cable Laying Survey, including depth of burial surveys, Multibeam, Meteorology, and Bathometry Survey to its current services. MV Line will be re-named MV Cerys Line after a refit, with the vessel’s current cr
Norway’s monthly oil output up 2 pct YOY
According to a report by Norway’s government agency in charge of managing the oil and gas resources, the Norwegian Petroleum Directorate (NPD), the oil production in May 2016 was 2 percent higher than in May last year. NPD’s preliminary production figures for May 2016 show an average daily productio
Gazprom, Fluxys advance talks on small-scale LNG cooperation
Russia’s Gazprom said it is looking the possibility of cooperating in the small-scale LNG market with Fluxys of Belgium.
Teekay orders GTT’s LNG simulator software
GTT Training, a unit of France’s LNG containment systems specialist, GTT, won a contract from Teekay to supply a G-Sim LNG simulators for its training centers in Glasgow, Manila and Bahrain.
Technip, FMC Technologies step forward with merger
Paris-based LNG engineer Technip and Houston-based FMC Technologies executed the business combination agreement following the conclusion of work council consultation process in Europe.
Liberty House saving UK steel industry with tidal, wind energy
Liberty House Group has acquired Mabey Bridge Renewables, which shut down its business in 2015, and will use its equipment at a new manufacturing centre to supply steel parts to the UK’s tidal lagoon power and offshore wind markets. The manufacturing centre, which will supply turbine casings for tid