News
Transformation through your Human Capital
The industry is facing a new reality with stressed balance sheets, cuts in capex, bankruptcies and layoffs. On top of that, industry dynamics caused by digitalization and innovation are challenging existing business models. During the upcoming Offshore Energy Exhibition & Conference 2017 the latest
U.S. first offshore lease sale under new 5-year program yields $121M in high bids
The first offshore lease sale under the U.S. National Outer Continental Shelf (OCS) Oil and Gas Leasing Program for 2017-2022 was held on Wednesday, August 16, yielding over $121 million in high bids on 508,096 acres in the Gulf of Mexico. The Lease Sale 249 was livestreamed from New Orleans on Wedn
CNOOC completes last two modules for Yamal LNG project
The engineering unit of China’s oil and gas producer and LNG stakeholder, CNOOC, shipped the two final liquefied natural gas core modules for Novatek’s Yamal LNG project on Wednesday.
Blue Water Marks a Milestone Project with Tahkoluoto
Following the completion of the wind turbine installation at the Tahkoluoto offshore wind farm two weeks ahead of schedule, Blue Water Shipping said it sees this as another milestone project within their mobile terminal solutions.
Tanker Orders Ramp Up in Q2
The second quarter of the year saw a total of 32 product tankers ordered as owners rushed to quench their thirst for newbuilding tonnage amid attractive asset prices. A total of 10 Handysize vessels and 22 Middle Range (MR) tankers have been ordered along with 18 Long Range (LR) 2 vessels, which cor
JOGMEC’s equity financing for CIECO’s North Sea ops
Japan’s JOGMEC will be providing equity financing to CIECO, a subsidiary of ITOCHU, which holds a 12% participating interest in the exploration license P2170 area (Blocks 20/5b and 21/1d) offshore United Kingdom. Japan Oil, Gas and Metals National Corporation said the estimated amount of equity fina
Japan boosts July LNG imports
Japan’s liquefied natural gas (LNG) imports rose by 3.6 percent in July year-on-year, according to the provisional data released by the country’s Ministry of Finance. The world’s largest buyer of the chilled fuel imported 6.82 million mt of LNG last month as compared to 6.58 million mt in July 2016.
All Hywind Scotland Floating Turbines Now In Place
The final floating wind turbine for the Hywind Scotland project has been towed to the site and installed at its designated location off Peterhead, Scotland, according to BBC.
All Hywind Scotland Floating Turbines Now In Place
The final floating wind turbine for the Hywind Scotland project has been towed to the site and installed at its designated location off Peterhead, Scotland, according to BBC.
Galileo’s Cryobox to produce LNG for power generation in Argentina
Argentina’s Galileo Technologies said it will supply 14 Cryobox LNG production stations to fuel a new power generation plant being built in Anchoris, Mendoza Province, Argentina.
Former Vitol LNG head joins Dreifa Energy
Dreifa Energy, a mid-scale floating LNG import terminals developer, said David Thomas will join the company’s board of directors.
Three Bodies of Kidnapped Sailors Recovered in Philippines
The Philippine military found the bodies of three sailors who were abducted on two separate occasions over nine months ago, piracy watchdog ReCAAP said. On July 5, 2017, the bodies of two abducted crew of bulk carrier Royal 16 were found at Sitio Limbutulan, Sumisip Basilan Province. The 5,610-dwt b
First Wheatstone LNG cargo in September, Woodside CEO says
The Chevron-led Wheatstone LNG project in Australia is expected to produce its first cargo of the chilled fuel next month, according to Woodside’s chief executive Peter Coleman. “We’re targeting first cargo in September,” Coleman told analysts on Wednesday during the company’s first-half results con
First LNG-fueled truck loads up at Gate
The Gate LNG terminal in the port of Rotterdam hit a new milestone on Tuesday, as the first LNG-fueled truck loaded the trailer with liquefied natural gas.