News
Oil & Gas UK boss hails Chrysaor, Ineos deals
Deirdre Michie, chief executive at the industry trade association Oil & Gas UK (OGUK), has welcomed two recently completed major North Sea deals.
Shell makes changes to board committees
The Hague-based Shell named Catherine Hughes, a non-executive director of the company, as a member of the Corporate and Social Responsibility Committee, effective November 1.
Egina FPSO Sets Sail from SHI Shipyard to Nigeria
South Korean shipbuilder Samsung Heavy Industries (SHI) waved goodbye to Egina floating production storage and offloading (FPSO), which departed on a journey to Nigeria on October 31. Featuring a length of 330 meters, a width of 61 meters, the unit has 2.3 million barrels of storage capacity with to
Ten Missing after Cargo Ship Sinks off Turkey
Ten seafarers have been reported missing after the Turkey-flagged general cargo ship Bilal Bal sank some seven nautical miles off the coast of Istanbul. A search and rescue operation for the missing crew members, all of whom are of Turkish nationality, is currently underway, according to the Turkish
Gulf of Mexico operators extend term for farm-out deal
GulfSlope Energy, Texas South Energy and another, unnamed, partner have decided to extend the term of the letter of intent (LOI) for joint drilling and development of oil & gas prospects in the U.S. Gulf of Mexico. GulfSlope Energy said on Wednesday that the trio extended the LOI until November 30,
It’s official: DONG leaves oil & gas (and jokes) in the past. Changes name
DONG Energy has received shareholders’ approval to change its name to Ørsted, reflecting a move away from oil and gas. Twitter jokes won’t be missed either.
BIMCO: 45 More VLCCs Needed to Back China’s Crude Oil Demand Growth
Chinese crude oil demand needs 45 additional very large crude carriers (VLCCs) to support growth in imports of seaborne crude oil, according to BIMCO’s estimates. China has ramped up its import of seaborne crude oil by 13% for the first nine months of 2017 compared to the same period last year. As C
FERC to prepare Fourchon LNG EIS
The United States Federal Energy Regulatory Commission issued a notice it will prepare an environmental impact statement (EIS) for the Fourchon LNG project.
Clarksons: Bulk Carrier Ordering Turns a Corner
Following limited contracting in the bulk carrier sector in the last three years, ordering has started to pick up with 17.1 million dwt contracted in the first nine months of 2017. By the end of September 2017, the orderbook totalled 623 vessels of 64 million dwt, equivalent to 7.9% of fleet capacit
Osaka Gas ups LNG resale volumes
Japan’s utility Osaka Gas plans to increase the resale of liquefied natural gas (LNG) to 3 million tons per year by 2020.
Lithuania, UAE to exchange LNG know-how
Lithuanian energy minister, Žygimantas Vaičiūnas, signed a memorandum of understanding with his UAE counterpart on bilateral cooperation, exchange of knowledge and experience in the fields of solar energy and LNG technologies.
Anadarko narrows loss, inks Mozambique LNG supply deal
Woodlands-based Anadarko, the developer of the giant Mozambique LNG project, reported a net loss of $699 million for the third quarter of 2017.
Highlights of the Month: October 2017
Offshore WIND’s highlights of the past month.
Skandi Neptune Bags Atlantic Offshore Wind Contract
DOF Subsea has secured an offshore wind contract for its construction support vessel Skandi Neptune in the Atlantic region.