News
India’s GAIL avoiding to take contracted U.S. LNG volumes, inks 3 swap deals and plans more
State-run gas company GAIL (India) Ltd has signed three time-swap deals with international players to sell some of its previously contracted U.S. LNG supplies as it is trying to reduce costs for price-sensitive Indian customers.
Bulker Detained in Iraq after Deadly Collision
At least four people died and seven are reported missing after the 48,200 DWT bulker Royal Arsenal collided with Iraqi diving support vessel Al Misbar on Saturday, August 19, while departing Umm Qasr, Iraq. Due to the strength of the impact, Al Misbar sank taking down 21 crew members with it. Ten cr
Pavilion Gas, Singapore LNG ink storage and reload deal
Pavilion Gas and Singapore LNG Corporation signed a deal for LNG storage and reload services at the Singapore LNG terminal on Jurong Island.
Statoil granted permission to change Halten-Nordland area contingency plan
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has given Statoil consent to change contingency planning at the Halten-Nordland area in the Norwegian Sea. The PSA said on Thursday that the contingency planning changes were in connection with the development of Statoil’s Aast
First Arkona Monopiles In Place
E.ON has kicked off the offshore construction phase on the 385MW Arkona offshore wind project with the installation of the first of the 60 monopile foundations in the German Baltic Sea.
Atwood agrees new deal with Australian offshore employees
Offshore drilling contractor Atwood Oceanics has approved a new four-year enterprise bargaining agreement (EBA) for offshore employees of its Australian operating subsidiary. Atwood said on Wednesday that, among other provisions, the EBA provided clarity on working conditions for the company’s Austr
AusGroup JV bags Ichthys LNG contract extension
AusGroup said the joint venture between its unit AGC Industries and Meisei Industrial, AMJV, has been awarded an extension of works on the Inpex-operated Ichthys LNG project by JKC Australia LNG.
Höegh LNG’s second quarter profit climbs
Norway-based floating LNG giant Höegh LNG posted a profit of $8.5 million for the second quarter compared to the $3.6 million profit in the corresponding quarter of 2016.
Gulf of Mexico operators shut production, evacuate workers ahead of storm Harvey
U.S. Gulf of Mexico oil operators Anadarko and Shell have evacuated workers and shut production from some of its platforms ahead of the tropical depression Harvey. Worth noting, Harvey could become the first hurricane to hit the Texas coast since 2008. Shell on Wednesday said it had shut in producti
Santos swings to profit in H1, cuts debt
Australian LNG operator and stakeholder, Santos swung to a first-half underlying profit boosted by higher liquefied natural gas prices. The operator of the GLNG project on Curtis Island reported underlying profit of $156 million for the six months to June, up from a loss of $5 million a year ago. Th
Höegh LNG to increase stake in two FSRUs
Höegh LNG Partners has entered into a term-sheet to acquire a 23.5 percent stake in FSRUs Neptune and GDF Suez Cape Ann from Mitsui O.S.K. Lines (MOL). Höegh said that the transaction would be done through the acquisition of shares in two joint ventures, SRV Joint Gas Ltd. and SRV Joint Gas Two Ltd,
World’s largest offshore facility enters LR class
World’s largest offshore facility ever built, Shell’s Prelude FLNG, has officially entered into Lloyd’s Register class. The unit measuring 488 meters in length, 74 meters wide, and displacing about 600,000 tonnes of water, in July reached its operating location in the Browse Basin, offshore northwes
Scotland invests in oil & gas services firm’s R&D department
Economic development agency Scottish Enterprise (SE) has awarded £2.2 million ($2.82M) to Scaled Solutions to develop research and development (R&D) solutions for North Sea clients. The Scottish Government said in an announcement on Thursday that, in addition to the £2.2 million ($3.72M) awarded by
First Order for Sea Puffin SES Daughter Craft Lands on ESNA’s Desk
Esbjerg Shipyard in Denmark will build the first ordered ESNA Sea Puffin Surface Effect Ship (SES) Daughter Craft, to be delivered in early 2018 to WindPartner, an independent shipowner and ship manager based in Kristiansand, Norway.