News
Chart opens Gasum’s 4th LNG station in Finland
US-based LNG engineer, Chart said that its unit has recently commissioned a fourth permanent fueling station for natural gas vehicles in Finland. The station, owned and operated by Gasum, is located close to Helsinki Vantaa airport and is further helping to develop the country’s natural gas vehicle
New Zealand gov’t clears NZOG’s Kupe field transaction
NZOG has received government approval for the acquisition of Mitsui’s four percent interest in the Kupe gas and light oil field off New Zealand.
South Korea moving forward with LNG fueling plans
South Korea is moving forward with plans to promote the use of liquefied natural gas (LNG) as fuel for vessels in a push for green shipping and to comply with the International Maritime Organization’s sulfur cap. The country’s Ministry of Oceans and Fisheries said in a statement it will sign a colla
North Sea pipeline shutdown pushes oil price over $65 for the first time since mid-2015
Brent oil price has shot over $65 a barrel for the first time since mid-2015 following the shutdown of North Sea’s largest pipeline. As previously reported, Ineos, the operator of the Forties Pipeline System used for the transportation of the UK North Sea crude, has decided to close the pipeline aft
OGOG now holds 62 pct of NZOG shares
Singapore’s O.G. Oil & Gas (“OGOG”) has managed to secure the minimum acceptance threshold under its partial takeover offer for New Zealand Oil & Gas. According to OGOG’s statement on Tuesday, the acceptances when combined with its current shareholding in New Zealand Oil & Gas total more than 62% of
Santos funding survey over ‘exciting’ Beehive prospect (Australia)
Australia’s Santos will partially fund and operate a 3D seismic survey over what it described as the exciting, undrilled Beehive prospect, the Bonaparte Basin offshore Western Australia. The other part of the funding will come from the French oil major Total. This will earn Santos and Total an optio
Pemex delays Nobilis-Maximino block farm-out
Pemex has decided to delay the farm-out process for the Nobilis-Maximino deep-water block offshore Mexico.
Santos, Total in Beehive farm-in deal with Melbana
France’s Total and Australia’s Santos have entered a deal with Melbana Energy to fund a seismic survey over the Beehive prospect offshore northern Australia in exchange for the option of acquiring an 80 percent interest. Melbana’s Beehive prospect in the WA-488-P licence, which sits in the Joseph Bo
Ineos shuts Forties Pipeline System over crack in pipe. Serica cuts output guidance
Forties Pipeline System that carries the UK North Sea oil to the shore for processing will be shut down for weeks after a crack was recently discovered in the onshore section. Ineos, which acquired the pipeline late in October, discovered the crack last week during a routine inspection Red Moss near
Solstad Farstad sells 24-year-old anchor handler
Norwegian offshore shipping company Solstad Farstad has sold one of its anchor handling tug and supply (AHTS) vessels.
Russia’s Novatek buys Chernichnoye field
Russia’s largest independent gas producer and LNG developer, Novatek signed a deal to acquire OOO Chernichnoye from Oil Company “Mangazeya” JSC. OOO Chernichnoye holds the hydrocarbon exploration and production license for the Chernichnoye field located in close proximity to Novatek’s infrastructure
OOS Orders New Crane Vessel from CMIH
OOS International has signed a memorandum of understanding (MoU) with China Merchants Industry Holdings (CMIH) for the design and construction of the new Semi-Submersible Crane Vessel (SSCV), the OOS Zeelandia. OOS has revealed the OOS Zeelandia during the EU-China Blue Industry Cooperation Forum on
Trafigura ups LNG trade by 27 percent
Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 27 percent in the 2017 financial year as the global market continued its expansion and the company boosted its LNG trading capabilities. The independent company traded 8.1 million mt in the financial year that
ExxonMobil strikes oil offshore Equatorial Guinea
ExxonMobil has discovered oil in its EG-06 block offshore Equatorial Guinea. This was revealed on Monday by the country’s energy ministry which said that the well had been drilled in October 2017, and that ExxonMobil was assessing potential commerciality. Avestruz-1 is located approximately 160 kilo