News
EU Commission approves Russian LNG services JV
The European Commission on Tuesday cleared the formation of a joint venture that will provide engineering and design services for liquefied natural gas (LNG) projects in Russia. The joint venture partners are Russia’s NIPIgaspererabotka, controlled by SIBUR group, UK-based TechnipFMC and Germany’s L
ABS grants AIP for Chiyoda’s FSRU, FLNG power plant designs
The American Bureau of Shipping (ABS) granted approval in principle (AIP) for Chiyoda Corporation’s floating LNG power plant and FSRU design concepts.
FAR’s Senegal claim has no merit, Woodside says
Woodside has informed that Senegal’s Minister of Energy and the Development of Renewable Energy has issued a ministerial order “which provides further confirmation” of Woodside’s participation in the joint venture developing the giant SNE oil discovery offshore Senegal. Woodside last year bought a s
McDermott takes over Oceanteam’s pipe lay vessel
Offshore service provider Oceanteam has completed the sale of its remaining 25 percent stake in vessel-owning company North Ocean 105 AS to joint venture partner McDermott. To recall, McDermott already held 75 percent stake in the vessel-owning company when Oceanteam in January decided to sell the r
Ophir secures $250 mln loan
London-based Ophir Energy on Wednesday said it has signed a $250 million reserve based lending facility with a group of banks.
Moore Stephens: Shipping Confidence at Three-Year High
Shipping confidence reached its equal highest rating in the past three years in the three months to end-May 2017, international accountant and shipping adviser Moore Stephens informed. The average confidence level expressed by respondents in Moore Stephens’ latest Shipping Confidence Survey was up t
Kotug adds new vessel to Australian support fleet
Towage operator Kotug has recently acquired a fifth addition to its range of infield support vessels (ISVs) in Australia and East Timor. Kotug said on Tuesday that the acquisition was a part of the group’s ongoing investments in offshore support. This latest addition to the fleet, the Coral Knight,
Minister: No Solution to Gulf Crisis until Bans Are Lifted
The Foreign Minister of Qatar Sheikh Mohammed bin Abdulrahman Al-Thani said that the Gulf crisis cannot be resolved unless the “siege” is lifted. Speaking at a press conference on Monday, June 19, the Minister said that there can be no dialogue as countries that imposed restrictions on Qatar never g
Centrica to close UK’s largest gas storage facility
UK energy company Centrica has decided to cease operations at its ageing Rough gas storage facility located in the Southern North Sea due to operational issues. On April 12, 2017, Centrica plc’s subsidiary, Centrica Storage Limited (CSL), announced that it was assessing the future pathway for Rough’
SNOC, Uniper to set up Sharjah LNG import terminal
Sharjah National Oil Corporation’s (SNOC) and Uniper plan to start importing liquefied natural gas (LNG) to Sharjah through a joint venture company starting early 2019.
Three blocks for Eni offshore Mexico
Italian oil company Eni has been granted three offshore blocks awarded by Mexico’s National Hydrocarbon Commission (CNH) as part of the Round 2.1. The Mexican oil regulator has received successful bids for ten blocks out of 15 on offer. Eni’s new blocks are located in the Sureste Basin, in the Gulf
Offshore WIND Announces 2017 Conference Programme
The Offshore WIND Conference 2017 programme has been announced in further detail. As well as the very first speakers from Siemens, Falck, TNO, and the Ministry of Infrastructure and the Environment.
Offshore WIND Announces 2017 Conference Programme
The Offshore WIND Conference 2017 programme has been announced in further detail. As well as the very first speakers from Siemens, Falck, TNO, and the Ministry of Infrastructure and the Environment.
Petrobras settles lawsuit with Vanguard
Brazil’s state-run oil company Petrobras has settled a dispute with the Vanguard Group, one of its largest shareholders. Petrobras said on Monday its board had approved the settlement, resolving an action brought by Vanguard before the Federal Court of Pennsylvania in the U.S. According to the Wall