News
ION feeds Mexican multi-client data demand with new reimaging program
ION Geophysical has announced a new 3D multi-client broadband reimaging program offshore the Western Gulf of Mexico using the Mexican National Hydrocarbons Commission (CNH) data library. The Mexican Ridges 3D reimaging program is fully supported by industry funding and contains eight surveys coverin
UK watchdog to look into Wood Group-AFW merger
The UK’s Competition and Markets Authority (CMA) said Wood Group’s acquisition of Amec Foster Wheeler creates reasons for competition concerns.
Commentary: Witnessing the ongoing transformation of the oil and gas industry
The offshore industry is experiencing rapid change as companies have scaled down projects, introduced strict standards for facilities and equipment and optimized project design By Alessandro Blasi Senior Programme Officer The last few years have been particularly challenging for the oil and gas indu
Japan’s LNG imports to drop in the next 2 years, IEEJ says
Liquefied natural gas (LNG) imports into Japan, the world’s largest buyer of the fuel, are expected to decline in fiscal 2017 and 2018 as more nuclear reactors come back online, according to the Institute of Energy Economics Japan. Since the devastating earthquake and tsunami in March 2011 which cau
KBR’s second quarter revenue up
Houston-based LNG engineer KBR reported a 10 percent rise in revenue for the second quarter of 2017.
Hyperdynamics set to begin hunt for world-class offshore discovery
After months of preparations, Hyperdynamics is finally set to spud the Fatala-1 exploration well in its concession offshore Guinea. The oil company has informed that the Pacific Scirocco deep water drillship has reached its target drilling location 165 kilometers offshore the Republic of Guinea in N
Germans favor Russian gas over US LNG, poll shows
The majority of German respondents have rejected the expansion of economic sanctions against Russia planned by the United States, a survey reveals.
EIA: Maritime Chokepoints Critical to Global Energy Security
The US Energy Information Administration (EIA) has released a report explaining the relevance of maritime chokepoints. Chokepoints are narrow channels along widely used global sea routes for oil transport, with some so narrow that restrictions are placed on the size of the vessel that can navigate t
Egypt: FSRU BW Singapore hits LNG STS milestone
Gas shipping giant BW said its FSRU BW Singapore that is currently operating in Egypt has reached a ship-to-ship transfer milestone. BW LNG’s first floating storage and regasification unit (FSRU) has completed its 100th STS transfer on 22 July 2017, the company said in a brief statement through its
‘Early mover’ Petronas increases Mexico footprint
Malaysian oil and gas company Petronas has further increased its footprint in Mexico, and is now set to open a new office in the country to strengthen its commitment to the country’s oil and gas sector. In a recently held licensing round, Petronas has, in partnership with Colombia’s Ecopetrol, been
Market conditions split Milaha’s H1 profit in half
Doha-based Qatar Navigation (Milaha) saw its profit halved for the first six months of 2017, due to difficult shipping market conditions.
Drewry: Firm Demand to Drive Recovery in Dry Bulk Shipping
Dry bulk shipping charter rates are expected to continue to recover with firm demand and controlled fleet growth, shipping consultancy Drewry said. In it latest report, Drewry has revised its charter rates forecast in the short term as the date to implement ballast water management systems (BWMS) ha
Guest Column: “A joint approach works”
The facts: there are 155 platforms and 1,200 wells in the Dutch part of the Southern North Sea. More and more fields are reaching the end of their economic life, which means that according to convention the infrastructure must be cleaned up or made suitable for re-use.
New Ballast Water Initiative for Ships Calling Saudi Aramco Ports, Terminals
Starting from August 16, 2017, all ships from international waters will be required to provide a ballast water sample and report when calling at Saudi Aramco ports and terminals, Inchcape Shipping Services (ISS) informed. As explained, the aim of this initiative is to ensure all ships comply with Ba