News
All Wikinger Turbines Up
On 22 October, Fred. Olsen Windcarrier’s jack-up Brave Tern completed the turbine installation at the site of the Wikinger offshore wind farm, developed by Iberdrola. The wind farm comprises 70 Adwen 5MW wind turbines supported by jacket foundations.
Angola LNG launches single cargo tender
Chevron-led Angola LNG project has reportedly launched a tender selling a single cargo from the 5.2 million tons per year facility in Soyo. The cargo is scheduled for loading during the October 31- Nov. 2 window, Reuters reports, citing trade sources. Bids for the tender, launched on Wednesday, must
QCLNG maintenance shutdown extended
The maintenance period at the Queensland Curtis liquefied natural gas plant has been extended to October 30.
TechnipFMC profit declines
LNG engineer TechnipFMC saw its net profit sliced by 63 percent reporting a net income of $121 million for the third quarter compared to $327 million in the third quarter of 2016.
Statoil loss widens
Norwegian energy giant and LNG operator Statoil on Thursday reported a wider third-quarter loss despite higher oil and gas prices, after booking a number of impairment charges. The company reported a loss for the third quarter of $478 million, compared with a year-earlier loss of $427 million. Accor
UNCTAD: Consolidation in Container Shipping May Lead to Oligopoly
Increased consolidation among carriers driven by a continued oversupply of vessels could bring some order to the market, however, the recent mergers and mega alliances may lead to oligopolistic structures, UNCTAD warned in its latest report on maritime transport. “A slower demand than earlier projec
PHOTO: Teekay’s new shuttle tanker for Canadian offshore oil
Teekay Offshore has taken delivery of the first Heritage Class shuttle tankers to be used to ship oil from Canada’s Atlantic Ocean offshore oil installations. The vessel Beothuk Spirit will be followed by Norse Spirit tanker slated for delivery in the first half of November 2017, followed by Dorset
Pieridae, Pétrolia create first Canadian integrated LNG company
Pieridae Energy completed its business combination with Pétrolia positioning itself to develop Canada’s only integrated LNG company.
PGS: Worst behind us, but recovery takes time
Norwegian marine seismic player PGS recorded a decrease in revenue for the third quarter of 2017. Revenue fell by $16.5 million, or 7%, compared to $224.1 million Q3 2016. PGS posted a net loss of $189 million, compared to a loss of 29 million a year ago. According to PGS, the revenue decrease is ma
Milaha’s nine-month net profit plummets
Doha-based Qatar Navigation (Milaha) reported a decline in net profit during the first nine months of the year.
Origin, Australia Pacific LNG in another domestic gas move
Origin Energy said on Thursday it has bought more gas for domestic markets from the Australia Pacific LNG plant it operates with ConocoPhillips. This is another domestic deal from the east coast LNG producers including Australia Pacific LNG following pressure from the government to help ease domesti
EnQuest improves cash liquidity through two new deals
UK oil and gas company EnQuest will enhance its cash liquidity position by $100 million through two deals announced on Thursday. Namely, the oil company has executed a $37.25 million refinancing for its Malaysian Tanjong Baram project as well as an $80 million crude oil prepayment transaction with M
CGG in Ivory Coast survey
French seismic acquisition specialist CGG has been awarded a contract for onshore and offshore survey in Ivory Coast. Under the contract with Ivory Coast’s Direction Générale des Hydrocarbures (DGH) and PETROCI, the national oil company, CGG will acquire, a multi-client program of gravity, gravity g
Fugro to acquire hydrocarbon seep data offshore Canada
Fugro has teamed up with Amplified Geochemical Imaging (AGI) to acquire offshore hydrocarbon seep data in advance of Canada’s 2018 east coast bid round. Bathymetry, backscatter and water column anomaly data will be collected to pull together a comprehensive picture of surficial geological features,