News
Petronas’ profit soars on higher prices
Malaysian energy giant Petronas reported a significant jump in profit for the first six months of 2017 boosted by higher average realized prices.
Singapore’s engineering group buys rig repair yard in U.S.
Singapore Technologies Engineering (ST Engineering) has acquired selected rig repair assets adjacent to its existing yard, VT Halter Marine in Pascagoula, Mississippi, in the US. ST Engineering, an integrated defense and engineering group specializing in the aerospace, electronics, land systems and
PSA Inspects Teekay’s Management of Petrojarl Knarr
Petroleum Safety Authority (PSA) Norway has carried out an audit of Teekay Petrojarl Production AS (Teekay) and its management of maintenance of Petrojarl Knarr. Knarr is an oil field in the northern sector of the North Sea, around 50 kilometers north-east of Snorre. Knarr has been developed using a
Guinea-Bissau gov’t approves FAR’s change in terms
The government of Guinea-Bissau has approved FAR Limited’s equity increase and change in terms for the country’s offshore licenses. The Australian oil and gas company informed on Friday it has received official confirmation that the increase in equity and amendments to the Guinea-Bissau licenses ann
Non-executive director resigns from Santos board
Australian LNG operator and stakeholder, Santos said that non-executive director Greg Marting has retired from the company’s board.
KBR adds retired U.S. Air Force general to board
Houston-based LNG engineer KBR named Wendy Masiello as a member of its board of directors, effective August 18.
Statoil Makes Minor Gas Discovery Off Norway
Statoil has made a minor gas discovery about 9 kilometers northeast of the Heidrun field in the Norwegian Sea and about 270 kilometers southwest of Sandnessjøen. According to Norwegian Petroleum Directorate (NPD), Statoil, the operator of production licence 124, is about to complete the drilling of
IMCA Becomes Member of WFPIA
The International Marine Contractors Association (IMCA) has become a Sister Association member of the World Federation of Pipe Line Industry Associations (WFPIA). WFPIA provides a platform for collaboration amongst the associations related in one way or another to the onshore and offshore constructi
BP’s Shah Deniz SCV completes sea trials ahead of delivery
Azerbaijan’s Baku Shipyard has completed sea trials for the subsea construction vessel (SCV) Khankendi, which is being built under BP-operated Shah Deniz Stage 2 Project in the Caspian Sea. The vessel has been specifically designed and built to install subsea structures of the giant Shah Deniz Stage
Hoegh LNG Partners posts revenue rise
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s floating giant Höegh LNG, reported a 54 percent rise in its revenue for the second quarter of this year. The MLP’s time charter revenues rose to $35 million for the second quarter of this year compared to $22.8 million in t
Search for Missing John S. McCain Crew Called Off, One Body Identified
After more than 80 hours of multinational search efforts, the U.S. Navy said it suspended search and rescue operations for USS John S. McCain sailors that went missing after the collision with the Liberian-flagged tanker Alnic MC. U.S. Navy and Marine Corps divers will continue search and recovery e
ODE and DORIS Secure French Offshore Wind Contracts
ODE and DORIS Engineering, both part of the DORIS Group, have been awarded Owners Engineer contracts covering the wind turbine generator installation and the marine construction management for the Éoliennes en mer Dieppe et Le Tréport and the Iles d’Yeu et de Noirmoutier wind farms off France.
Chevron lining up Watson replacement?
Chevron CEO John Watson is reportedly set to be replaced at a board meeting next month, according to the media reports. The news was first reported this week by The Wall Street Journal. Also, Financial Times has, citing a person familiar with the matter, reported that Watson, 60, could be replaced b
CNOOC turns to profit on higher realized prices
China’s oil and gas producer and LNG stakeholder, CNOOC reported a rise in profit for the first six months of 2017.