News
Karoon, DEA team up to pursue Brazilian assets
Australia’s Karoon has teamed up with DEA Deutsche Erdoel AG (“DEA”) to review and evaluate and potentially jointly bid for oil and gas assets in selected areas offshore Brazil. As part of these arrangements, an exclusive option has been granted to DEA for the acquisition of a non-operated interest
Shell to supply test cargo for Lithuania’s LNG bunkering station
The Hague-based LNG giant, Shell, has been contracted for a small-scale delivery liquefied natural gas to Klaipedos Nafta’s LNG bunkering station, being built in the port of Klaipeda.
Veja Mate Pushes SMC to New Heights
The provision of technicians by Specialist Marine Consultants (SMC) to the 402MW Veja Mate project saw SMC reach a significant milestone – the company now contracts over 100 people.
Veja Mate Pushes SMC to New Heights
The provision of technicians by Specialist Marine Consultants (SMC) to the 402MW Veja Mate project saw SMC reach a significant milestone – the company now contracts over 100 people.
Tilbury2 Consultations Completed for New Port on the Thames
UK’s Port of Tilbury has completed the statutory consultation process on its proposals to build a new port terminal, Tilbury2, on the Thames close to the current port. Tilbury2 is planned to be built on a 152-acre site which was part of the former Tilbury Power Station and will include a new deep wa
BP’s profit down in Q2
UK-based energy giant and LNG player, BP reported a drop in its second-quarter profit as it took a $750 million charge for an exploration write-off in Angola. BP’s quarterly underlying replacement cost profit, the company’s definition of net income, was at $684 million in the quarter under review, d
Two new companies join LNG-bunkering coalition
SEALNG, the industry coalition promoting the use of LNG as a marine fuel, has been joined by Mitsui & Co., Novatek, and Sumitomo Corporation.
Peru LNG ships more cargoes in H1, cuts losses on higher prices
Peru’s only liquefaction facility at Pampa Melchorita shipped one more cargo of liquefied natural gas (LNG) in the first half of this year as compared to the same period before also reducing losses on the back of higher prices. The 4.45 million tonnes per year plant, operated by Hunt Oil that owns a
Oilpro.com shutting down
Oilpro.com, a popular networking website for the oil and gas community, is shutting down. The website members on Monday, July 31 received a message that Oilpro would be taken down on Wednesday, August 2, after business hours. The same message can be found on the website itself: “Dear Oilpros, It is
CHC to lease five helicopters for energy transport missions
Offshore helicopter specialist CHC Helicopter will expand its fleet with five new aircraft to be leased from GECAS’ Milestone Aviation Group Limited. This transaction will add three new Leonardo AW189s and two Airbus H175s from Milestone’s order book with the manufacturers to CHC’s global fleet. Acc
Highlights of the Month: July 2017
One Missing After 19 Workers Jump Off Binhai North H2 Offshore Substation on Fire One person is missing as 19 people jumped off of the Binhai North Phase 2 wind farm’s offshore substation into the sea after a fire broke out on 14 July. Siemens Gamesa Integrates Adwen in Its Offshore Business Siemens
Tidewater emerges from bankruptcy
Offshore vessel owner Tidewater has emerged from bankruptcy after completing its reorganization. Through its reorganization plan, Tidewater eliminated approximately $1.6 billion in principal of outstanding debt, and considering the rejection of certain sale-leaseback agreements, Tidewater estimates
HALO’s shares remain suspended over reverse takeover deal
Trading in shares of the AIM-listed oil company Hague and London Oil PLC (HALO) will remain suspended longer than initially planned due to delay in publication of the new admission document required following a reverse takeover deal. HALO announced the conditional acquisition of non-operated natural
USA: new bill aiming to expedite LNG project approval process
US congressman Clay Higgins introduced H.R. 336, a bill aiming to enable the United States LNG export players to access the market quicker.