News
Safety in UK offshore oil & gas sector improving, report says
The latest annual health and safety data published for the UK offshore oil and gas industry signals a continued trend of improving performance despite 2016 being a challenging year, Oil & Gas UK has said. The sector’s trade body on Thursday, July 27 published its Health & Safety Report 2017 – captur
DONG Energy Publishes Draft Environmental Assessment for Hornsea Project Three
DONG Energy has today published a Preliminary Environmental Impact Report (PEIR) containing new information about its Hornsea Project Three offshore wind project. The report is part of a wider formal public consultation that will run from today (27 July) to 20 September 2017.
Funds available for feedback on Nexen’s Canada drilling plans
Offshore exploration and production company Nexen Energy is planning to start drilling offshore exploration wells in Canada’s section of the Atlantic Ocean in 2018. To that end, Canadian Environmental Assessment Agency, has made funds available to assist the participation of the public and Indigenou
Ecosse Subsea Delivers 700Te Carousel for UK Offshore Wind Projects
Ecosse Subsea Systems (ESS) today (27 July) informed that it had designed, built and delivered a 700Te carousel to a major international infrastructure group, which will be used for the storage of cables required for UK offshore wind farm projects. ESS did not disclose the name of the client.
Ecosse Subsea Delivers 700Te Carousel for UK Offshore Wind Projects
Ecosse Subsea Systems (ESS) today (27 July) informed that it had designed, built and delivered a 700Te carousel to a major international infrastructure group, which will be used for the storage of cables required for UK offshore wind farm projects. ESS did not disclose the name of the client.
Windfire looking to buy offshore block in Namibia
Canadian company Windfire Capital has signed a letter of intent to buy a stake in an exploration license offshore Namibia. In a press release issued earlier this week, the company said it planned to buy 91.5% of the issued and outstanding shares of Riviera Mina Ltd. (“Riviera”), a company incorporat
TechnipFMC’s profit jumps
LNG engineer TechnipFMC reported a net income of $164.9 million for the second quarter of 2017, up from $55.2 million for the corresponding period in 2016.
Petronas to ditch two blocks off Vietnam after 26 years
Malaysian state-owned energy major Petronas is abandoning two blocks located offshore Vietnam. Petronas said on Thursday that its subsidiary, PC Vietnam Limited (PCVL), will hand over Blocks 01 and 02 at the Cuu Long basin to the host authority Petrovietnam once the Production Sharing Contract (PSC)
Japex takes financial hit following PNW LNG scrapping
Japan Petroleum Exploration (Japex) will take a $82 million hit following the scrapping of the Pacific NorthWest LNG project in British Columbia, Canada.
Higher oil prices, cost cuts lift Statoil to 2Q profit
Norwegian oil company Statoil has managed to return to profit in the second quarter of 2017, helped by higher oil prices and cost cuts. The company’s net income for the second quarter 2017 was $1,43 billion, compared to a loss of $302 million a year ago. “Our solid financial results and strong cash
Shell’s earnings soar
Oil giant Shell posted a 245 percent rise in its second quarter earnings, on a current cost of supplies (CCS) basis, and excluding identified items. Shell’s Q2 2017 earnings, excluding identified items, were $3.6 billion, up 245% from $1 billion for the second quarter of 2016. The company said the r
Shell reports soaring earnings, LNG sales jump
The Hague-based LNG giant Shell on Thursday reported a 245 percent jump in profit for the second quarter, driven by improved operational performance and industry conditions.
Bourbon Installs Floatgen Mooring System at SEM-REV Site
France-based offshore services provider Bourbon has completed the installation of the mooring system for the Floatgen wind turbine – first of its kind in France – at the SEM-REV site off Brittany. The turbine will be installed by the end of the year.
Acta Marine’s construction support vessel halfway there
Acta Marine’s new built Ulstein SX195 walk to work vessel’s hull construction has passed the halfway point this week at Crist shipyard in Poland. According to the marine support services provider, the work on the vessel is progressing on schedule. Acta Marine said that the hull construction started