News
Gazprom’s gas exports to Europe rising
Russian giant Gazprom said its natural gas exports to Europe rose over the period of first five months in 2017, compared to the corresponding period last year. The company exported 9.5 billion cubic meters, 13.3 percent more than in the same period of 2016. In total, Gazprom has exported a record 17
BP execs visit Trinidad & Tobago to discuss energy future
Several BP executives recently visited Trinidad and Tobago renewing the company’s commitment to the country. In a visit at the end of May, BP’s chief executive for upstream, Bernard Looney, COO for strategy and regions, Andy Hopwood, and regional president of BPTT, Norman Christie, met with Trinidad
VIDEO: A football match on an Arctic rig
This is not the first time a football reference has been made on Offshore Energy Today. We’ve had our fair share of Zinedine Zidane photos used to illustrate the articles about a namesake Norwegian offshore oil field. However, we just had to share this one. A football match on one of the world’s nor
Jan de Nul Finalizes Adhémar de Saint-Venant Sea Trials
Jan de Nul has completed sea trials of it’s recently-launched multi-purpose vessel Adhémar de Saint-Venant. The sea trials took place in the Yellow Sea, the company informed through social media. The Adhémar de Saint-Venant vessel was launched in February from AVIC shipyard in Weihai, China. The ves
New Bentley field owner by June end?
Xcite Energy’s Bentley field in the UK North Sea could have a new owner by the end of June. This is according to FTI Consulting which has been appointed liquidator of the company after Xcite failed to raise funds for debt payment. The company, the operator of the undeveloped Bentley field in the UK
Pacific Radiance gets millions in gov’t-backed loans amid prolonged downturn
Singapore’s offshore support solutions provider, Pacific Radiance, has been granted S$85 million ($61.5M) in loans under two Singapore government-backed financing schemes that will help support its working capital needs over the medium term. The two programs – the Internationalisation Finance Scheme
EU Adopts Conclusions on Maritime Transport Policy
European Transport Ministers adopted today conclusions on the priorities for the EU’s maritime transport policy until 2020, the European Community Shipowners’ Associations (ECSA) informed. The conclusions endorse the content of the so-called ‘Valletta Declaration’ adopted at the informal ministerial
UK must not bend rules to allow Saudi Aramco IPO – Royal London
LONDON (Reuters) – A change in UK listing rules for a potential initial public offering of oil company Saudi Aramco would be “highly inappropriate”, fund manager Royal London said on Thursday, adding it would lobby against such a move. “Any attempt to bend the listing rules in order to facilitate th
Report: Engie selling its stake in Petronet LNG
France’s LNG player Engie, through its unit, GDF International, has reportedly set the wheels in motion to sell its 10 percent stake in India’s largest LNG importer, Petronet LNG. Citing a term sheet, Bloomberg reports the company is offering 75 million shares in total looking to rake in about $513
Oversupply of Ships: Industry Should Sort Out Itself
The oversupply of tonnage in the shipping industry should be left to sort out itself, it was concluded at a panel debate on Ship Oversupply and Accelerating Sustainable Recycling, held on June 6 in London, UK. Over the past eight years, the world fleet has grown by 50 percent in tonnage terms, which
WSJ: Rosneft to buy back stake it sold to Qatar?
The Wall Street Journal has reported that Russia could buy back the stake in Rosneft it sold to Qatar and Glencore, however the two companies have quickly issued rebuttal statements. To remind, Russia’s state-owned Rosneft in December 2016 sold a 19,5 percent stake in the company to a consortium com
BOEM to fund assessment program for protected species in Gulf of Mexico
The U.S. Bureau of Ocean Energy Management (BOEM) has joined federal partners to launch intensive marine assessment program for protected species in the Gulf of Mexico. BOEM said on Wednesday that it is funding and participating in a federal research partnership that launched an intensive three-year
A joint belief in the need of Energy Transition
By Volker Beckers, Erasmus Centre For Future Energy Business Energy Transition should involve every business, politics and should be a part of every educational curriculum, says Volker Beckers, former Group CEO RWE and now, among other activities, Chairman of the Erasmus Centre of Future Energy Busi
Klaipedos Nafta’s LNG terminal May revenue flat
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal, said the revenue from the facility during the month of May 2017 remained flat.