News
Jumbo’s Fairplayer Installing Arkona TPs, Equipped with SMST Gangway
Jumbo’s Heavy Lift Crane Vessel (HLCV) Fairplayer is now installing transition pieces (TPs) at the Arkona offshore wind farm. The vessel was outfitted with an SMST gangway shortly before the works started in early November, according to SMST.
Pakistan to fire up two LNG-fueled power plants in February
Pakistan’s National Assembly Standing Committee on Planning and Development was informed that 1200 MW LNG-based power plants at Balloki and Haveli Bahadur Shah will be functional by February next year.
ExxonMobil takes three deepwater blocks off Mauritania
U.S. oil major ExxonMobil has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank
Petronas sees oil prices at $50-$60 over next three years
A hundred dollar a barrel prices are a thing of the past. This is what Malaysian oil company has said in its freshly put out activity outlook 2018-2020. Petronas Vice President of Group Procurement, Samsudin Miskon said: “As we approach 2018, the uncertainty in the oil and gas industry remains a top
QNB: LNG supply demand shift to drive short-term deals uptake
Changes in supply and demand and near the end long-term contracts can drive more LNG sales to spot markets and may result in the adoption of short-term sales contracts, Qatar National Bank said in a report.
Argentina: ION adds 30,000km of multi-client seismic data
ION Geophysical has informed it would be offering over 40,000 kilometers of 2D multi-client data offshore Argentina in advance of the 2018 license round.
Seaway Heavy Lifting Installs All Beatrice Piles
Seaway Heavy Lifting (SHL) has installed the 86th and final four-pile set at the Beatrice offshore wind farm site. SHL carried out the piling work with the heavy-lift vessel Stanislav Yudin, which will now re-mobilise for jacket foundation installation.
Seaway Heavy Lifting Installs All Beatrice Piles
Seaway Heavy Lifting (SHL) has installed the 86th and final four-pile set at the Beatrice offshore wind farm site. SHL carried out the piling work with the heavy-lift vessel Stanislav Yudin, which will now re-mobilise for jacket foundation installation.
Golar LNG Partners’ third-quarter profit slides
Nasdaq-listed Golar LNG Partners, a limited partnership formed by Golar LNG, reported a net income of $26.5 million for the third quarter of the year.
Cape Wind Project Is No More
Energy Management Inc. has abandoned the development of the 468MW Cape Wind offshore wind farm and notified the U.S. Bureau of Ocean Energy Management (BOEM) that it terminated the development lease, Bloomberg reports.
Rouhani Inaugurates Phase 1 of Shahid Beheshti Port Development
Iranian President Hassan Rouhani yesterday inaugurated a newly-built extension to the country’s main Arabian Sea outlet – the Chabahar’s Shahid Beheshti Port in the Gulf of Oman. “The North-South Corridor is very important for the region and the world and today we are happy that its first phase has
Marine battery specialist Corvus Energy names new CEO
Corvus Energy has appointed 20-year marine systems veteran Geir Bjørkeli as the company’s new chief executive officer (CEO).
Commercial Court of Paris Approves CGG Safeguard Plan
CGG informed that the Commercial Court of Paris has approved the safeguard plan of CGG. The approval comes after finding the claims filed by certain holders of CGG’s convertible bonds against the safeguard draft plan inadmissible. The next procedural step of CGG’s financial restructuring is the hear
PV Drilling finds work for jack-up rig
Petrovietnam Drilling and Well Service Corporation (PV Drilling) has found work for one of its jack-up drilling rigs.