News
Eni joins Siemens Subsea Power Grid JIP
Eni Norge, a Norwegian subsidiary of the Italian oil giant Eni, has joined the Siemens Subsea Power Grid joint industry program (JIP). Siemens said on Monday that its subsea department was developing a complete subsea power network with a group of partners, led by Chevron and including Statoil, Exxo
A first for Offshore WIND Conference
This year Offshore WIND Conference will boast two chairmen who will be guiding and moderating the sessions while also offering their vision on the challenges and opportunities on the road ahead. A first for the event. Chairman day 1: Bent Thambo Jensen, CCO, Ziton Ziton is a specialised operations a
EIA lowers Henry Hub price estimates
The U.S. Energy Information Administration has reduced its forecast for Henry Hub natural gas spot prices this year. In its latest Short-Term Energy Outlook released on Tuesday, the agency said Henry Hub gas prices would average $3.06 per million British thermal units in 2017 and $3.29/MMBtu in 2018
Parkmead wraps up UK North Sea license buy
Parkmead, a UK and Netherlands-focused o&g company, has completed an acquisition of a 50 percent interest in the UK North Sea license P.2209 from Verus Petroleum. To remind, Parkmead signed a sale and purchase agreement with Verus Petroleum to acquire the interest in the license back in May. License
AGDC tax exemption status to reduce Alaska LNG cost
In a recent ruling, the U.S. Internal Revenue Service determined the Alaska Gasline Development Corporation (AGDC) qualifies as a tax-exempt political subdivision of the State of Alaska under new and more stringent proposed IRS regulations.
Woodside picks consortium to build new Karratha accommodation facility
A consortium comprising DIF, Multiplex, Compass Group and Brookfield Financial has been contracted to build and manage a new Karratha workers accommodation facility for Woodside.
UK Detains Three Foreign Flagged Ships in July
Three foreign flagged ships were detained in UK ports in July 2017 after they failed Port State Control (PSC) inspection, the country’s Maritime and Coastguard Agency (MCA) said. The vessels in question are Cap Ferrat, Aristidis and Ocean Vantage. The Cyprus-flagged bulk carrier Cap Ferrat was detai
Cobalt in talks with Sonangol to resolve dispute, as arbitration progresses
Oil and gas exploration firm Cobalt International has yet to resolve a dispute with Angolan state-owned oil company Sonangol over impairment charges related to its assets in Angola. To remind, Sonangol in August 2015 agreed to buy all of Cobalt’s 40% participating interest in Blocks 21/09 and 20/11
Cheniere narrows losses in second quarter
US LNG export player Cheniere narrowed its net loss from $298 million in the second quarter of 2016 to $285 million in the second quarter of 2017.
Kleven finally offloads 2015-built vessel
Kleven Verft, a Norwegian shipyard, has found a buyer for a newbuild multi purpose support vessel which it completed back in 2015. Kleven said on Wednesday it had sold the newbuilding 379 to an undisclosed, international buyer. “We are pleased to have found a solution for this vessel. This was a cha
Uniper CEO says US LNG too expensive, Europe needs alternative gas sources
European natural gas suppliers will have to be more active in finding alternative supplies as the United States is actively pushing for its liquefied natural gas (LNG) shipments into Europe, according to Klaus Schäfer, Chief Executive of German utility Uniper.
Fos LNG terminals volumes flat YoY
Liquefied natural gas throughput at the two French LNG terminal’s in Fos-sur-Mer near Marseille remained flat during the first six months of 2017 compared to the same period a year ago.
Cosco’s heavy lifter loads Shell’s Appomattox
COSCO’s Xin Guang Hua heavy lift and transportation vessel has earlier this week loaded Shell’s Appomattox platform hull at Geoje, South Korea. The giant vessel will take the unit to the U.S., where the platform will eventually be installed at Shell’s Appomattox field in the U.S. Gulf of Mexico. The
Russia’s Demand for Nuclear-Powered Icebreakers to Be Determined
The Center for Strategic Development will evaluate Russia’s demand for next-generation super-heavy nuclear-powered icebreakers for the purposes of freight transportation along the Northern Sea Route (NSR), The Arctic said. The survey has been ordered by Atomflot (Rosatom Flot), a company owned by th