News
Jadestone exits Bone PSC off Indonesia
Jadestone Energy, formerly known as Mitra Energy, has announced its withdrawal from the Bone production sharing contract offshore Indonesia (Bone PSC), a further key step in releasing the company from non-strategic exploration assets. Bone PSC is operated by Mitra Energy (Indonesia Bone) Limited, a
DONG Energy sheds oil and gas business
DONG Energy agreed to sell its entire share capital in its oil and gas business, DONG E&P, to Ineos.
Magseis enters pact to develop new ocean bottom seismic tech
Norwegian geophysical company Magseis has signed an exclusive technology agreement with Seismic Apparition to jointly develop and implement a new technology which could reduce operational time for ocean bottom seismic (OBS). Magseis said on Wednesday that the development of the tech, named Source Is
DEC Celebrates Anniversary of Hudson River Estuary Program
New York State Department of Environmental Conservation Commissioner, Basil Seggos, said that officials from local, state and federal agencies gathered yesterday to mark the 30th anniversaries of DEC’s Hudson River Estuary Program and the NY-NJ Harbor & Estuary Program. The anniversaries were recogn
EU Provides Grant to Odyssea Project
The European Union (EU) has awarded the international Odyssea consortium €8.4 million to develop an interoperable and cost-effective platform that integrates networks of observation and forecasting systems across the Mediterranean basin. The Odyssea platform will collect information from databases m
Sarajevo Business Forum: Indonesia looking to boost oil production, but interested in renewables as well
Offshore Energy Today reporters met with Indonesian delegation during Sarajevo Business Forum where we took an opportunity to talk about the Indonesian energy sector. We spoke with Helmy Shebubakar, Vice Chairman of the Indonesian Chamber of Commerce & Industry, and Azhar Lubis, a representative of
Input Invited on Coastal Zone Management Plan
Central Coast Council has revised its Coastal Zone Management Plan for the northern coastal areas and is seeking community feedback on the proposed changes. Council has worked with the NSW Office of Environment and Heritage to review the Wyong Coastal Zone Management Plan (WCZMP 2017) in response to
EU funds Mediterranean forecasting systems development
The European Union has awarded the international Odyssea consortium €8.4 million ($9.4 million) to develop an interoperable and cost-effective platform that fully integrates networks of observation and forecasting systems across the Mediterranean basin. Odyssea, comprised of 28 partner organizations
ACE Winches Back DolWin Gamma Installation
ACE Winches has mobilised and installed a winch package for use on the jacket installation and float-over of the topside of the DolWin gamma platform, the centrepiece of the 900MW DolWin3 grid connection.
ACE Winches Back DolWin Gamma Installation
ACE Winches has mobilised and installed a winch package for use on the jacket installation and float-over of the topside of the DolWin gamma platform, the centrepiece of the 900MW DolWin3 grid connection.
Spanish Dockworkers Drop Strike Plans
Spanish dockworkers have shelved their strike plans announced for the following two weeks, the country’s union Coordinadora said. The union announced earlier a three-week strike advisory during the odd hours on May 24, 26, 29, 31 and June 2, 5, 7, 9 following the passing of the royal decree by the c
Tanker Headwinds Push Down SCF’s Q1 Profit
Tanker market’s slowdown has slashed SCF Group’s net profit to USD 39.9 million during the first quarter of the year from USD 103.1 million booked a year earlier. “Tanker freight market experiences significant headwinds, with some spot market segment TCE rates down over 40 per cent year-on-year,” Ru
Sovcomflot reports drop in first quarter profit
Russia’s largest shipping company Sovcomflot posted a drop in net profit of over 60 percent during the first quarter of 2017.
Diana Shipping’s Net Loss Edges Down in Q1
Greek owner of dry bulk vessels Diana Shipping today reported a net loss of USD 26.5 million for the first quarter of 2017, narrowing last year’s net loss of USD 31.4 million. The company’s net loss attributed to common stockholders of was USD 27.9 million, also down from USD 32.8 million reported i