News
Sembmarine’s 2Q profit down 51%
Singapore’s offshore rig builder Sembcorp Marine sees signs of offshore market improvement, however it believes its will take longer for a more robust recovery. The company’s second quarter revenue fell to $655 million, a 28 percent dive compared to $908.5 million in 2Q 2016. Net profit fell to $5.6
Peterson gives boost to $1.5B Gulf of Mexico port project
Peterson has signed a letter of intent to lease some 1.2 million square feet of rental space in Port Cameron Logistics Center in Louisiana, a project being developed to serve offshore installations in the Gulf of Mexico. The letter of intent which was signed on Thursday follows a consultancy agreeme
APLNG completes 90-day operational phase lenders’ test
ConocoPhillips-operated Australia Pacific LNG concluded the 90-day operational phase of the two train project finance lenders’ test.
Angola LNG launches single cargo tender
Chevron-led Angola LNG project launched a tender selling a single cargo from the 5.2 million tons per year facility in Soyo.
Halliburton pays $29 million for Angola-linked U.S. charges
Oilfield services giant Halliburton has agreed to pay $29.3 million for violation of U.S. foreign corrupt practices laws in relation to its business in Angola. The Securities and Exchange Commission said on Thursday Halliburton was charged for violating the books and records and internal accounting
Chart turns to profit as LNG orders rise
US LNG engineer, Chart Industries reported a net income of $2.8 million for the second quarter in 2017, compared to a net loss of $2.9 million during the previous quarter.
EIA: Sabine Pass LNG exports edge down on week
Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported three cargoes of the fuel in the week ending July 26.
Faroe increases Blane field ownership
Faroe Petroleum has conditionally acquired a further 13.9935% stake in the Blane Field in the UK North Sea from JX Nippon Exploration and Production (U.K.) for $5.25 million. The company, focused on UK and Norway, said deal consolidated Faroe’s existing Blane position to in aggregate a 44.5% non-ope
Interview: Rapid innovation, gradual adoption
What clarifies gradual or slow adoption of new technology within an industry? Could it be that the industry has become too set in their ways? Or maybe too weary of what new technology might entail? Marnix Boorsma, interim CEO of Airborne Oil & Gas offers his insights to the development and adoption
Interview: North Sea OSV market headed for a slow but certain recovery
As almost everyone in the offshore oil and gas industry, offshore support vessel owners have felt the pang of mostly the huge oil price downturn since mid-2014, but also an oversupply of tonnage, and a lack of demand for all the vessels available. Offshore Energy Today has spoken to Inger-Louise Mol
GasLog Partners’ profit slides
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog reported a drop in profit for the second quarter this year.
VIDEO: Norway’s largest offshore jacket
Norwegian oil major Statoil has shared a video detailing the specs of the first steel jacket for the Johan Sverdrup field, which will be the largest on the Norwegian Continental Shelf. Offshore Energy Today reported earlier this week on the sailaway of the jacket from the shipyard in Verdal. The fin
Total’s income jumps as LNG sales decline
French gas and oil giant Total reported a 14 percent increase in its adjusted net income for the second quarter of 2017.
SeaBird to keep ‘Voyager Explorer’ busy with new seismic survey
SeaBird Exploration, a global provider of marine acquisition, has signed a letter of intent to conduct a shallow water 3D seismic survey in the West Africa region. The project is anticipated to start during the first half of 2018 and will have a duration of approximately two months, SeaBird said in