News
Australia: Cyclone research to improve offshore safety
New research from Australia’s Bureau of Meteorology, in partnership with the oil and gas industry, is aiming to deliver better tropical cyclone forecasts for offshore facilities to improve safety and reduce costs. The Bureau of Meteorology said on Tuesday that the two-year research program, jointly
Gas Natural Fenosa reports drop in profit
Spanish LNG operator Gas Natural Fenosa reported a first-quarter profit of €298 million (US$328.3), a 9.4 percent drop compared to the corresponding quarter in 2016.
Compensation claims rise in POSH, Makamin spat
Singapore’s offshore vessel owner POSH has yet to resolve its dispute with Makamin Offshore in Saudi Arabia. POSH last year started legal action against Makamin, seeking $6.6 million owed for vessel charters. This claim was dismissed by Makamin, who then filed a counter lawsuit. More here: https://b
GasLog Partners cash in $139 million through shares sale
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, raked in US$138.61 million through a public offering of 5,750,000 shares.
Wood Group to prepare Brent Bravo platform for removal
Offshore services provider Wood Group has been awarded a contract to support Shell in the decommissioning of the Brent Bravo platform in the North Sea. Wood Group will prepare the platform for removal via single lift methodology. This includes conductor removal, structural strengthening and installa
Offshore safety body completes Martin Linge probe report
Following an order to Total to fix faults and deficiencies on the Martin Linge platform being constructed in South Korea, the Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has released the full audit report. It is common practice for the PSA to release the audit report be
Exmar to meet with investors on bond issue
Belgium’s Exmar, the Nicolas Savery-led shipowner is organizing investor meetings to gather support for a bond offering. The Antwerp-based company said Tuesday it has mandated DNB Markets, Pareto Securities, Nordea Bank Norge and Skandinaviska Enskilda Banken to organize a series of fixed income inv
Spain Approves New Port Reform Plan
The Spanish Council of Ministers passed on May 12 a new royal decree in another attempt to reform the port system in the country. The decree will now require a majority approval in the Spanish Parliament, which is expected to discuss the decree on May 18. Although the details of this decree have not
SHL Piles 9 WTG and 2 OTM Locations at Beatrice
On 11 May, Seaway Heavy Lifting (SHL) installed the 11th set of jacket foundation piles at the Beatrice offshore wind farm in Outer Moray Firth.
Premier Oil lifts Catcher plateau production expectations
UK North Sea Catcher field, Premier Oil’s crown jewel set to start oil production in 2017, might achieve higher plateau output rate than initially anticipated. According to Premier Oil, ten wells have been drilled to date at the project. The drilling results have led the operator to be optimistic th
Cheniere in $1 bn offering
US LNG export player Cheniere said its unit Cheniere Corpus Christi Holdings intends to offer US$1 billion principal amount of senior secured notes due 2027.
Australia offers 21 new offshore exploration areas in 2017
Australia has released 21 new offshore petroleum exploration areas in 2017. The Minister for Resources and Northern Australia, Senator Matt Canavan has revealed the latest offshore petroleum exploration areas at the 2017 APPEA Conference in Perth. The majority of the 2017 Release Areas are located a
Chevron stops production at Gorgon Train 1
US-based energy giant Chevron has shut down the first liquefaction train at its multi-billion Gorgon LNG plant on Barrow Island in Western Australia. “Production on Gorgon Train 1 was stopped on May 12th due to a failure of a flow measurement device,” Chevron’s spokesman told LNG World News in an em
Eni fires up Jangkrik gas project in Indonesia
Italian energy giant and LNG player Eni has started gas production from the Jangkrik development project, in deep water offshore Indonesia. The project comprises the gas fields Jangkrik and Jangkrik North East, located in the Muara Bakau block, Kutei basin, in the deep water of Makassar Strait. Prod