News
African Petroleum rejects Gambian license expiry talks
Following press reports that the Gambian government ended talks with African Petroleum (AP) for the extension of exploration rights for two offshore blocks, the Oslo-listed oil company denied the claims. The licenses in question are A1 and A4 offshore The Gambia where African Petroleum holds a 100%
GasLog Partners completes GasLog Geneva purchase
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, have closed the acquisition of LNG carrier GasLog Geneva from its parent company.
IGU survey: LNG price formation mechanisms changing
The International Gas Union (IGU) on Wednesday released its Wholesale Gas Price Survey confirming “significant changes in wholesale price formation mechanisms during a period of key developments and upheaval in the global gas market.”
Add Energy wins Angelin job for BP
Norwegian energy consultancy provider, Add Energy, has been awarded a maintenance build contract worth more than $600,000 with BP for work on the Angelin gas field, a development located 40 km offshore Trinidad and Tobago’s east coast.
Bondholders take control of Xcite’s Bentley field for $1
After months of talks with various potential buyers, joint liquidators have sold the assets of Xcite Energy Limited, including the company’s Bentley field, one of the largest undeveloped fields in the UK North Sea for $1 (one dollar). As previously reported, the joint liquidators were appointed in l
HRAS: Ocean Pride Crew Stranded on Dangerous Ship
“We are totally unsafe here… this is a dead ship. Sea water is leaking in the engine room… no facilities… rusty water… If anything happens we will not survive. All will be dead… Please send us home.” This was revealed in a new report into the abuse of seafarers on board the Panamanian-flagged vessel
Gulliver Leaves Shipbuilding Yard in China
Gulliver, Scaldis Salvage & Marine Contractors’ heavy lift, DP2 vessel, has left the ROC shipyard in Qidong, China, Royal IHC reports. The vessel is now en route to the Huisman yard in Xiamen for the installation of two cranes, each capable of carrying 2,000 tonnes. Scaldis ordered Gulliver, formerl
Canadian NGV alliance report advocates use of LNG as marine fuel
Report by the Canadian Natural Gas Vehicle Alliance (CNGVA) says the expansion of the use of LNG as a marine fuel on Canada’s Great Lakes and East Coast could bring major economic benefits and emissions reductions.
Advent files plans for Sydney Basin survey (Australia)
Australia’s Advent Energy Ltd is going to carry out a 2D high resolution seismic survey in PEP11, offshore Sydney Basin. The company’s subsidiary Asset Energy Pty Ltd has filed an environment plan of the planned survey to the National Offshore Petroleum Safety and Environment Management Authority fo
Petrobras in strategic partnership with CNPC
Petrobras CEO Pedro Parente and Vice President of CNPC and CEO of PetroChina Wang Dongjin on Tuesday signed a memorandum of understanding in Beijing to structure a strategic partnership. Pursuant to this MoU, the companies agreed to jointly evaluate opportunities in Brazil and abroad in key areas of
LNG Limited secures $1.5 billion for Magnolia LNG project
Liquefied Natural Gas Limited said it has agreed on an amended and restated Magnolia LNG equity agreement with Stonepeak Partners securing a $1.5 billion commitment.
Polarcus Vessel Activity Drops in Q2
Polarcus, a Dubai-based seismic contractor, has recorded a drop in its vessel utilization during the second quarter of 2017. Quarterly vessel utilization declined to 75 percent from 91 percent in the second quarter of 2016. “The low utilization of 75 percent in Q2 2017 was guided during the quarter
Statoil gets green light to use Sigyn subsea facilities
Norwegian oil major Statoil has received consent from the country’s offshore safety body, the Petroleum Safety Authority (PSA), to use the Sigyn subsea facilities. The Sigyn gas, condensate, and light oil field is in Statoil-operated production license 072, offshore Norway. Production on the field b
Dunkirk Port, LNG Terminal Team Up on LNG Supply Station
Dunkirk’s LNG terminal and the Port of Dunkirk (Grand Port Maritime de Dunkerque) have signed an agreement for the development of an LNG supply station. As the use of liquefied natural gas by shipping and road vehicles has grown significantly in recent months with new projects, DunkerquePort and Dun