News
Delivery of Exmar’s Caribbean FLNG pushed back
Belgium’s Exmar, the Nicolas Savery-led shipowner said Thursday it now expects to take delivery of its Caribbean FLNG in May. The FLNG unit is currently located at the Wison Offshore & Marine’s yard in Nantong, China. “Financing of the Caribbean FLNG and final delivery of the unit still remains subj
BW Offshore closes Dussafu deal with Panoro
BW Offshore’s subsidiary, BW Energy Gabon Pte. Ltd (BWEG), has completed the acquisition of 25 percent working interest in the Dussafu production sharing contract offshore Gabon from Panoro Energy. After BWEG became the majority owner in the Dussafu license through the acquisition of a 66.67 percent
Russian Ship Sinks after Collision near Bosporus Strait
A Russian military vessel sank near the Bosporus strait following a collision with the Togo-flagged livestock carrier Youzarsif H on April 27, according to the Turkish Coast Guard. The ship in question, the Liman, reportedly sustained a rupture as a result of the collision and subsequently sank some
Island Crown Changes Teams at Nordsee One
Offshore service vessel Island Crown has just finished a month-long walk-to-work job for Bluestream at Nordsee One wind farm in the German North Sea, Island Offshore reports.
Island Offshore’s vessel to support Titanic dive
Offshore vessel owners supporting the oil and gas industry have been hit hard by the lack of demand for their services caused by the oil industry’s downcycle and the oversupply of tonnage. Thus, the OSV players have started looking into other sectors such as renewables and fisheries to find work for
Oil market heading towards balance, more draws needed – OPEC secretary general
By Alex Lawler and Bate Felix PARIS (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. “While it is evident that the market rebalancing is now mov
Liquimet opens LNG station in Italy
Liquimet, an Italian unit of Gasfin Group has opened the first natural gas only refueling station for LNG and CNG-fueled heavy-duty vehicles in Italy.
Community Square – be there
Launched in 2016, Community Square on the Offshore Energy exhibition floor will offer an exciting free-to-attend program of ON AIR talk-shows and Community Café meetings on industry transformation. Think of climate change, decommissioning and reuse, renewable energy uptake, digitalization – developm
TechnipFMC reports rise in profit
LNG engineer TechnipFMC reported a net income of US$190.8 million for the first quarter of 2017, up from $147.4 million in the corresponding quarter last year.
Total’s 1Q income soars
French oil major Total posted a hefty increase in its adjusted net income for the first quarter of 2017, when compared to the first quarter of 2016. Presenting its results on Thursday, Total said its 1Q adjusted net income was $2.6 billion, a 56 percent increase compared to $1.6 billion a year ago.
Trump orders monument designations review. Offshore drilling order expected on Friday
U.S. President Donald Trump has signed an executive order to review the previous administrations’ use of the Antiquities Act, that has, among others, locked large swaths of U.S. offshore areas for potential oil and gas exploration. Trump, who signed the executive order at the Department of Interior
MacGregor sells stake in LNG transfer arms specialist
MacGregor, part of Cargotec, is looking to sell the majority shares of Woodfield Systems the provider of marine loading arms for LNG transfer.
Gazprom’s net profit climbs to nearly $17 billion, LNG sales up 4 pct
Russian energy giant Gazprom said Thursday its net profit rose 21 percent last year as it benefited from lower costs and a stronger rouble. Moscow-based Gazprom posted a net profit of 951.64 billion roubles ($16.7 billion) in 2016 as compared to 787.06 billion roubles the year before. Gazprom said i
Total’s profit, LNG sales up in Q1
French gas and oil giant Total reported a 56 percent jump in its adjusted net income during the first three months of 2017.