News
UK: North Sea safety leaders hailed at Offshore Safety Awards
Oil & Gas UK, in association with Step Change in Safety and Maersk Oil, has handed out awards in six categories during the Offshore Safety Awards held at the Aberdeen Exhibition and Conference Centre to people and companies excelling in North Sea safety. During the event which took place on Wednesda
Alphaliner: Global Container Volumes on the Rise in H1
During the first six months of this year, the global container port throughput rose by 6.7 percent and the growth is on track to hit over 6 percent for the full year, a six-year high, according to Alphaliner. The estimate was made based on the survey results from over 250 ports, with a combined annu
African Petroleum refutes Gambian license expiry once again
Independent oil and gas company African Petroleum (AP) has refuted media claims that its Gambian offshore licenses have expired and are up for grabs for interested parties. According to Premium Times, The Gambia’s presidential spokesperson, Amie Bojang, told the media that African Petroleum’s rights
Repsol takes UMW’s jack-up for a drilling spin
UMW Offshore Drilling has secured a contract to provide a jack-up drilling rig to the Spanish oil company Repsol. The driller, a subsidiary of Malaysia’s UMW Oil & Gas said on Tuesday the contract value was RM 113 million. Repsol will take UMW’s Naga 5 rig on a one year contract with an option to [&
Israel: Energy minister extends offshore license near Lebanese waters
Israel’s Delek and U.S. Noble Energy have obtained an extension to the Alon D license in the Mediterranean Sea, offshore Israel. The exploration license covers 400 square kilometers in the northern waters of Israel’s EEZ, a few kilometers east of the Karish gas field, recently bought by Energean. Ho
Update: Remains of Missing USS John S. McCain Sailors Found
The divers have located some remains of US Navy sailors that went missing on Monday following a collision between the guided-missile destroyer USS John S. McCain and an oil/chemical tanker Alnic MC while underway east of the Straits of Malacca and Singapore. The information has been revealed by Paci
Wood Group six-month profit plummets
Aberdeen-based LNG engineer Wood Group reported a plunge in profit for the first six months as challenging conditions continue in the North Sea market.
Umoe Rapid Debuts for Statoil
Umoe Rapid has completed its first charter at world’s first floating wind farm, the 30MW Hywind Scotland Pilot Park, and at the 402MW Dudgeon offshore wind farm for Statoil.
Umoe Rapid Debuts for Statoil
Umoe Rapid has completed its first charter at world’s first floating wind farm, the 30MW Hywind Scotland Pilot Park, and at the 402MW Dudgeon offshore wind farm for Statoil.
Oil Search: PNG LNG exports 53 cargoes in H1 2017
ExxonMobil-operated PNG LNG project’s volumes delivered in the first half of 2017 edged up slightly compared to the corresponding period last year. In its latest report, Oil Search, the holder of the owner of a 29 percent stake in the project, informed the LNG delivered volumes stood at 59,047 billi
India’s LNG imports up in July
India’s imports of liquefied natural gas (LNG) increased in July after two straight monthly declines, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). India imported 2.09 billion cubic meters of LNG or about 1.59 million mt last month, a rise of 6.8 perce
FERC approves Fourchon LNG pre-filing request
The United States Federal Energy Regulatory Commission approved Fourchon LNG’s request to start the pre-filing procedure for the proposed Port Fourchon project in Lafourche Parish, Louisiana.
USCG approves JAX LNG’s waterfront liquefaction facility
JAX LNG, a Pivotal LNG and NorthStar Midstream joint venture, received the letter of acceptance (LOA) from the United States Coast Guard for its waterfront LNG facility and bunkering operations.
Oil Search profit spikes on higher LNG prices
Oil Search, the owner of a 29 percent stake in the ExxonMobil-operated PNG LNG project, reported a sharp jump in half-year profit on the back of higher LNG prices and lower operating costs. Net profit rose 405 percent to $129.1 million for the first half of 2017 from $25.6 million a year ago, the Pa