News
Oil Search secures $600 mln loan
Oil Search, the owner of a 29 percent stake in the ExxonMobil-operated PNG LNG project, arranged a new five-year, non-amortising, revolving credit facility of $600 million with 14 banks.
Gjoa remains shut as Engie reveals cause of gas leak
Following a gas leak on the Engie E&P-operated Gjøa platform in the North Sea, the operator has now identified a cause but is keeping the production shut. Engie has 30% interest in the field and its partners are Shell with 12%, Dea Norge with 8%, Petoro with 30% and Wintershall Norge with the remain
Diving support vessel Offshore Beaver turns to aquaculture
Ship manager and project developer Workships Contractors has sold the four-point mooring diving support vessel (DSV), the Offshore Beaver, to Seisund AS in Norway. The company has managed the vessel since 2014, obtaining contracts in nearshore projects in the UK, the Netherlands, Germany, and Denmar
EIA: Sabine Pass exports down on week due to Tropical Storm Cindy
Cheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported fewer cargoes of the fuel in the week ending June 21 as compared to the week before, according to the Energy Information Administration. Three vessels with a to
OERA Gets Funding for Tidal Energy Project
Canada’s Minister of Natural Resources Jim Carr announced a $1 million investment in a tidal energy project led by the Offshore Energy Research Association (OERA). The project, which aims to address knowledge gaps and challenges associated with tidal energy in Canada, received the funding from NRCan
PPA’s New Floating Dock for 80,000-Ton Ships to Start Ops in November
Piraeus Port Authority (PPA) informed that its new floating dock for ships with carrying capacity of 80,000 tons is expected to begin operations in November. The new floating dock for vessels measuring 240 meters in length and 35 meters in width supplements the existing infrastructure which aims to
Spain: Workers Suspend Strikes as Companies Quit Anesco
The Spanish stevedoring unions have decided to shelve their strike plans for the rest of this month as a sign of good will. The move was prompted by a letter from Javier Vidal, president of the Association of Port Stevedoring Companies of Barcelona, who asked for the suspension of strikes after majo
Military Rescues Seafarer of Royal 16 Kidnapped in November 2016
Philippine government troops have rescued one crew member of the Vietnam-flagged bulk carrier Royal 16 who was held in captivity for more than seven months, ReCAAP ISC informed. While conducting military operations, the troops recovered the seafarer in Sumipsip, Basilan, Philippines. On November 11,
OGA’s 8-step program to maximize SNS tight gas recovery
UK’s Oil and Gas Authority (OGA) has published a strategy outlining a plan to maximize the economic recovery of ‘tight gas’ from the Southern North Sea (SNS). According to OGA’s “conservative” estimates, there are some 3.8 trillion cubic feet (tcf) of remaining gas accessible in the SNS, including i
Gasum ups stake in Skangas
Finland’s Gasum said it is increasing its shareholding in Skangas to 70 percent, with the Norwegian Lyse Group holding the remaining 30 percent.
Three partners follow Petronas in MHS heli contract termination
After Malaysian state-owned firm Petronas terminated a contract with the helicopter services provider MHS Aviation for the provision of transportation of personnel to offshore facilities, three other companies followed suit. Namely, MHS Aviation, a 51% subsidiary of Boustead Holdings, has also recei
Spanish gas-for-power demand hits record high due to heat wave
Spanish LNG terminal operator, Enagás, said Thursday that daily natural gas demand for power generation in the country reached a record high on June 21 due to very warm weather. Spanish daily natural gas demand for electricity generation hit 465 GWh, the highest summer value since 2011, according to
European Commission approves DONG-INEOS transaction
The European Commission has approved the proposed sale of Denmark’s Dong Energy’s oil business to UK’s Ineos. The European Commission, under the EU Merger Regulation, concluded that the proposed transaction would raise no competition concerns given that the companies’ activities overlap to a limited
Technical Session: Rise of the Renewables (OEEC 2017)
Offshore Energy event not only offers an exhibition floor where companies and visitors can do business, network and learn more about products and services, we also offer an extensive conference program. Technical sessions, side events, keynote, Offshore WIND Conference and Marine Energy event, to na