News
Polish LNG terminal resumes ops after pipeline damaged during storm
Poland’s first LNG regasification terminal in the port of Swinoujscie has resumed operations after powerful winds hammered the facility on Sunday causing damage to a pipeline located on top of one of the terminal’s tanks. The pipeline used for monitoring the gas level in one of the tanks sustained d
WorleyParsons adds AFW’s UK North Sea operations to its portfolio
Energy services company Wood has completed the sale of Amec Foster Wheeler’s UK North Sea operations to WorleyParsons for a cash consideration of £227 million. To remind, Wood completed its previously announced acquisition of Amec Foster Wheeler on October 9. On the same day, an agreement was made b
Crown prince: Saudi Arabia ready to extend oil production cut deal
Saudi Arabia’s Crown Prince Mohammed bin Salman on Saturday said that the Kingdom of Saudi Arabia is ready to support the extension of an oil production cut agreement reached last year between OPEC and some Non-Opec nations in order to balance global crude oil supply and demand. “The Kingdom affirms
ICA Revises Clearance Process of Crew, Passengers at Singapore Ports
In light of the current security climate, the Immigration & Checkpoints Authority of Singapore (ICA) has reviewed its process on the clearance of crew and passengers at Singapore ports. With effect from November 1, 2017, all passengers and seafaring crew disembarking/embarking commercial vessels ber
Searcher Seismic in airborne geophysical survey off PNG
Searcher Seismic, an independent seismic data acquisition company, has announced a regional multi-client airborne gravity, gravity-gradiometry, and magnetics survey over Gulf of Papua near-shore areas. Searcher Seismic said on Monday that the survey, named Roho, covers approximately 60,700 square ki
ExxonMobil buys into Carcara oil field offshore Brazil
U.S. oil firm ExxonMobil will acquire half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field, for a total potential consideration of around $1.3 billion. The Carcara field contains an estimated recoverable resource of 2 billion barrels o
Li Yalan named IGU president for 2021-2024
The council of the International Gas Union (IGU) named Li Yalan as president of the union from 2021-2024, with Beijing set to host the 2024 World gas conference.
OOS International, GSP offshore pact to focus on Russia
Dutch provider of offshore heavy lift and accommodation solutions Holding OOS International Group B.V. has signed a cooperation agreement with GSP Offshore B.V. (GSP) to pursue international offshore projects, mainly in the Russian region. OOS International said last week that the cooperation agreem
Towards Smarter and Greener Decommissioning
Project and financing models for decommissioning are moving up oil and gas operators’ agenda worldwide as ‘lower for longer’ oil prices raise questions about how long aging assets can operate viably beyond their design lives. The UK Continental Shelf (UKCS) is set for a wave of large, expensive proj
Popular news, October 23 – 29, 2017
The most popular articles of the week.
Top news of the week October 23-28
Engie confirms review of upstream, midstream LNG business French energy giant and LNG player Engie confirmed it has started negotiation with interested counterparties to sell its upstream and midstream LNG activities. Novatek to order 15 Arctic LNG carriers at Zvezda shipyard Russia’s largest indepe
Total’s profit, LNG sales up in Q3
French gas and oil giant Total reported an adjusted net income of $2.7 billion during the third quarter, jumping 29 percent compared to the same period last year.
Wilhelmshaven ideal for German LNG import terminal, study says
A study conducted by a group of German companies shows that Wilhelmshaven is the ideal location for an LNG import terminal.
Product Tanker Orderbook at Historic Low
Despite somewhat increased activity in terms of new orders in the product tanker sector in the first nine months of 2017, the orderbook remains at historically low levels, as disclosed by Capital Product Partners L.P. in a market commentary. The MR product tanker orderbook currently stands at 7.2% o