News
UK competition watchdog mulls Wood Group – Amec FW merger remedy
UK’s competition watchdog, the Competition and Markets Authority (CMA), is considering remedy proposals to overcome competition concerns regarding Wood Group’s buy of Amec Foster Wheeler. Both companies provide engineering services to the UK’s upstream offshore oil and gas sector. The review of Wood
Santos flags $690 mln impairment charge
Australian LNG operator and stakeholder, Santos, expects to book a $690 million impairment charge for the first half of the year.
Man Medevacked from Gachem Stade Tanker off Egmont Key
The US Coast Guard medevacked a 55-year-old male Philippine national from a 550-foot tanker while the vessel was some 13 miles west of Egmont Key on August 14. Watchstanders at Sector St. Petersburg received a call from crew members of the 26,618 dwt Gaschem Stade. They reported the man was sufferin
KrisEnergy set to sign petroleum deal for block off Cambodia
Singapore-based oil and gas company KrisEnergy is set to sign a petroleum agreement with the government of Cambodia for offshore Block A later this month. In its report for the second quarter and first half of the year on Monday, KrisEnergy said that the government of Cambodia has approved the signi
Subsea UK events to focus on international opportunities
Subsea UK, an industry body representing the British subsea industry, will be hosting two briefing sessions with the Department for International Trade (DIT) ahead of SPE Offshore Europe 2017. The first briefing on August 28 will focus on the post-energy reform oil and gas sector opportunities in Me
BP starts producing gas from Juniper off Trinidad & Tobago
BP’s Trinidad and Tobago unit, BPTT produced first gas from the Juniper development, the company’s fifth of seven major upstream start-ups planned for 2017.
Do Seafarers Really Matter?
Seafaring has been described as a vital support mechanism for the global economy by the International Maritime Organization (IMO) ahead of the Day of the Seafarer marked last July. However, seafarers across the globe still face various challenges when they venture out to sea ranging from poor commun
Bangladesh builds first of four LNG dedicated pipelines
Construction of Bangladesh’s first pipeline dedicated to transport natural gas from the LNG import terminal to the domestic market has been completed.
dship Carriers in Fleet Growth Mode
dship Carriers, a multi-purpose project carrier belonging to the deugro Group, is expanding its fleet by adding three heavy-lift multi purpose MPP vessels in July and August 2017. As informed, the vessels will primarily be used for trade lanes between Asia, the Persian Gulf, and Europe. MVs Holandia
Eco Wave Power raises $3 million
The Israeli wave energy company Eco Wave Power (EWP) has closed the second round of its fundraising campaign, having secured $3 million for the delivery of project pipeline.
WATCH: Statoil Installs Its First Unmanned Wellhead Platform
Statoil has completed installation of an unmanned wellhead platform (UWP) for its Oseberg Vestflanken 2 field project in the North Sea. In February 2016, Statoil awarded Heerema the contract for the engineering, procurement & construction as well as the transport and installation of the platform. Th
BP Fires Up Juniper Off Trinidad
BP Trinidad and Tobago (BPTT) announced first gas from the Juniper development, the fifth of BP’s seven upstream major project start-ups planned for 2017. The project is expected to boost BPTT’s gas production capacity by an estimated 590 million standard cubic feet a day (mmscfd). With an investmen
BP kicks off production from Juniper project
Oil giant BP has started gas production from its Juniper project in Trinidad, which is the company’s fifth major upstream project, and second in Trinidad, to start-up in 2017. The project is expected to boost BP Trinidad and Tobago’s gas production capacity by an estimated 590 million standard cubic
DSME Stays in Black in H1
South Korean shipbuilder Daewoo Shipbuilding & Marine Engineering Co (DSME) informed that it has achieved two profitable consecutive quarters in the first half of this year. DSME also reported improved financial structure reaping fruit from debt restructuring. As disclosed, the sales for the first h