News
OSU Gets Grant for Research Vessel Construction
Oregon State University has just received a grant of $121.88 million from the National Science Foundation to spearhead the construction of a new class of research vessels for the United States Academic Research Fleet. This grant will fund the construction of the first of three planned vessels approv
ExxonMobil buys acreage off Suriname
US-based energy giant and LNG player ExxonMobil has along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 offshore Suriname with state-owned Staatsolie Maatschappij Suriname. The block adds significant acreage to ExxonMobil’s operated portfolio in the Guyana-Sur
Exxon hunting for new Liza in Suriname
U.S. oil major Exxon Mobil has confirmed it has, with its partners Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname. To remind, Staatsolie informed of the upcoming signing of the PSC two weeks ago, bu
St van den Brink orders 10 Scania LNG trucks
The Dutch logistics service provider St van den Brink is looking to expand its fleet with the addition of 10 liquefied natural gas-fueled trucks from Scania.
Nine Ships Denied Access to Paris MoU Region Since Monday
The Paris MoU on Port State Control organization has detained nine vessels this week, starting from Monday, July 10. The vessels in question are general cargo/multipurpose ships Rms Laar, Starshina Derov Ng, Burhan Dizman 3, Akela, Lucky Brother, Oney Z, Hak and Titan as well as bulk carrier Ken Goh
IOG expands Vulcan Satellites development with new license
UK-based Independent Oil and Gas (IOG), a development and production focused oil and gas company, has been awarded a new license by the UK Oil and Gas Authority (OGA) comprising Block 48/25a in the Southern North Sea. The license was awarded in the 2016 Supplementary Offshore Oil and Gas Licensing R
20-Year-Old Crude Carriers Are Here to Stay?
By 2020, some 100 very large crude carriers (VLCCs) will be over 20 years old, hinting that the time may be ripe now to replace that tonnage especially since the newbuilding prices are hard to resist now. “With 80 million US dollars for a VLCC and 53 million US-dollars for a Suezmax, you need to [&h
Shell to shut Curtis Island LNG export plant for maintenance in October
Shell’s Curtis Island liquefied natural gas (LNG) export plant in Australia will shut down for planned maintenance in October.
WoodMac podcast: Zama field discovery ‘exciting for Mexico’
July 13, 2017 – Wood Mackenzie’s “Energy Alert” podcast takes a closer look at the big news regarding Talos’ Zama discovery
Wasco starts coating Nord Stream 2 pipes in Germany
After starting the concrete coating work on the North Stream 2 pipes in Finland, Wasco Coatings has now begun concrete weight coating pipes for the project in the port of Mukran on the Baltic Sea island of Rügen, Germany. Up to 90,000 pipes will be coated by the end of 2018 at the location, which is
Spain boosts LNG imports in June
Spain’s imports of liquefied natural gas (LNG) rose 14.2 percent in June on a yearly basis, according to the data provided by the LNG terminal operator, Enagás. LNG imports reached 15.05 terawatt hours (TWh) in June, as compared to 13.16 TWh in the same month the year before. The majority of imports
Man in ‘critical condition’ medevaced from offshore vessel (USA)
U.S. Coast Guard crews medevaced a 67-year-old man off an offshore supply vessel in the U.S. Gulf of Mexico, about 40 miles southeast of Port O’Connor on Wednesday evening. According to the Coast Guard, at 7:46 p.m., the crew of the offshore supply vessel Brutus contacted Coast Guard Sector Corpus C
Brazil’s former president Lula sentenced to 9.5 years in prison
Brazil’s former president Luis Inacio Da Silva – popularly known as Lula – has been sentenced to nine and a half years in prison for his alleged involvement in the Petrobras corruption scandal. According to reports, Lula – under whose tenure Petrobras produced first oil from the pre-salt layer offsh
Tokyo Gas starts LNG contract revision
Japan’s biggest city gas supplier, Tokyo Gas is looking to secure more flexible LNG supply deals with favorable terms as it engages in talks to renew the existing deals.