Global Maritime Consultancy & Engineering, a provider of offshore marine warranty, dynamic positioning and engineering services, has completed a suitability survey for the world’s second largest semi-submersible heavy-lift vessel, the ‘Xin Guang Hua’. For the survey, done in advance of the vessel’s
Boutique investment bank Moelis & Co has been chosen as an adviser by Saudi Aramco [IPO-ARMO.SE] on what is expected to be the world’s biggest initial public share offering, sources familiar with the matter told Reuters.
Höegh LNG, together with Qatar Petroleum, Total, Mitsubishi and ExxonMobil formed a consortium to advance an LNG import project in Pakistan.
Qatar Petroleum is exploring oil and gas in Morocco and Cyprus as it aims to expand its international business, including liquefied natural gas (LNG). State-owned QP, the world’s largest LNG producer, has been pursuing deals in Cyprus where it “won a bid for 40 percent of a plot for exploration” and
VesselsValue, a website providing intel on offshore and shipping world including the valuations of the various kinds of vessels, has now expanded its coverage to offshore drilling rigs. Offshore Energy Today has interviewed VV’s Head of Offshore Miles Cole to learn more about the service, how they
The most popular articles of the week
Global oil and gas deal activity in 2016 recovered from a slow start to the year with help from the announcements of midstream and oilfield services (OFS) megadeals. Upstream deal value, however, fell, as no 2016 deal could match Shell’s acquisition of BG in 2015. According to the EY Global oil and
By Henning Gloystein SINGAPORE (Reuters) – Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices. Brent crude futures <LCOc1>, the international benchmark for oil prices, wer
Despite a massive scrapping spree of classic Panamax containerships, the sector remains under pressure as up to one hundred further Panamaxes will need to be scrapped before the segment can regain its footing again, according to Alphaliner. A total of 130 Panamax units of 4,000 – 5,100 TEU were remo
Read last week’s most popular news from the offshore energy sector.
By Henning Gloystein SINGAPORE (Reuters) – Oil prices dipped on Friday as rising crude output from the United States was offsetting efforts by OPEC and other producers to prop up the market by cutting supplies. Brent crude futures, the international benchmark for oil prices, were trading at $56.17 p
The industry coalition SEALNG said that it is crucial to understand the opportunities presented by the adoption of LNG as a marine fuel as well as to tackle the associated commercial barriers.
Lebanese government has re-launched its first offshore oil and gas licensing round after a three-year delay. Lebanon launched its first offshore licensing round in 2013 but failed to see it through due to political turmoil. On Thursday, January 26 the country’s Minister of Energy and Water, Cesar Ab
Despite near-term headwinds, the long-term future of global liquefied natural gas is positive for participants able to adapt to a more fragmented market, according to Deloitte’s new report “Navigating the new world of LNG.”
