News
BP to take $750 million hit over Angola exploration charge
UK oil major BP will take a $750 million hit in its second quarter 2017 results over unsuccessful exploration efforts offshore Angola. The oil company informed in an update on Thursday that, as part of the ongoing portfolio evaluation, it had decided to relinquish its 50% interest in Block 24/11 off
Siport21 Studies Safety Conditions in Foundations Transport and Installation
Siport21, a Madrid-based port-maritime consultancy company, has presented the “Methodology of the hydrostatic and hydrodynamic analysis of fixed and floating structures for the offshore wind industry”, which allows studying the safety conditions during transport and installation of the support struc
Siport21 Studies Safety Conditions in Foundations Transport and Installation
Siport21, a Madrid-based port-maritime consultancy company, has presented the “Methodology of the hydrostatic and hydrodynamic analysis of fixed and floating structures for the offshore wind industry”, which allows studying the safety conditions during transport and installation of the support struc
Members of Congress Oppose Seismic Testing in Atlantic
Congressman John Rutherford, along with Congressman Don Beyer, led a bipartisan letter from more than 100 members of Congress to Interior Secretary Ryan Zinke voicing concerns with a proposal to issue seismic testing permits for the Atlantic Ocean. In April, the Trump Administration announced that i
Massachusetts Utilities Invite Bids for Up to 800MW of Offshore Wind
On 29 June, five Massachusetts electric distribution companies, in coordination with the Massachusetts Department of Energy Resources (DOER), issued a Request for Proposals (RFP) for 400MW, and up to 800MW, of offshore wind generation and associated transmission projects to enter into long-term cont
EIA: Sabine Pass exports flat on week, Henry Hub climbs
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 June 28, according to the Energy Information Administration. Three vessels with a total LNG-carrying capacity of 11
OEEC 2017: Community Square Taking Shape
The Community Square program is taking shape, with as many as four ON AIR talk-shows. In each talk-show – which will be live-streamed on OffshoreEnergyToday.com – we look at challenges through the eyes of energy consumers and citizens, on top of the energy professional perspective.
Trump and Zinke open comment period for new offshore O&G leasing program
U.S. President Donald Trump and Secretary of the Interior Ryan Zinke have opened up a comment period for a new five-year national offshore oil and gas leasing program on the Outer Continental Shelf. On Thursday, at an Energy Week event hosted by Energy Secretary Rick Perry, President Trump announced
USA: Freeport LNG files FERC application for Train 4
Freeport LNG’s unit, FLNG Liquefaction 4 filed a formal application with the US Federal Energy Regulatory Commission for authorization to build a fourth liquefaction train at its export facility located near Freeport, Texas. Freeport LNG also said that it was commencing the front-end engineering and
Rosneft closes Verkhnechonskneftegaz $1.1 bln sale
China’s Beijing Gas Group has completed the $1.1 billion purchase of a 20 percent stake in Rosneft subsidiary Verkhnechonskneftegaz. As a result of the transaction, the duo will create a vertically integrated system of cooperation, Rosneft said on Thursday. The Chinese company acquires a stake in on
Eni cleared for underwater ops at Goliat
Eni Norge, a Norwegian entity of the Italian oil major Eni, has received consent to perform manned underwater operations on the Goliat field off Norway. Goliat is an oil field in the Barents Sea, around 85 kilometers northwest of Hammerfest. The field has been developed using a cylindrical FPSO. The
Australia’s Origin Energy completes BassGas project
Sydney-based Origin Energy, the holder of a 37.5 percent stake in the Australia Pacific LNG project, has completed the final phase of the BassGas mid-life enhancement project offshore Victoria. The installation and successful commissioning of the compressor and condensate pumping unit at the Yolla-A
Bulker Runs Aground in Norfolk, Virginia
The Thailand-flagged bulk carrier Mallika Naree ran into trouble on June 29 as the vessel grounded off Sewells Point in Norfolk, Virginia, according to the United States Coast Guard. The 30,195 dwt vessel lost propulsion in the Elizabeth River, struck buoy #5 and ran soft aground outside the channel
Global Industry Alliance Launched to Support Low Carbon Shipping
A new Global Industry Alliance (GIA) has been launched, with the aim to support transitioning shipping and its related industries towards a low carbon feature. The GIA was officially inaugurated on June 29 at a launch ceremony held at the margins of the first meeting of the IMO Intersessional Workin