News
Norway expects exploration record in Barents Sea this year
The Norwegian Petroleum Directorate (NPD), a government agency responsible for regulation of petroleum resources, is expecting a new record in the number of exploration wells in the Barents Sea this year. According to the agency, fifteen wells are slated for drilling, which is two more than in the r
Offshore Energy ‘on tour’ at OTC Houston
It’s only a few days to go until the Offshore Technology Conference (OTC) kicks off in Houston. The Offshore Energy Today and OEEC teams will go ‘on tour’ and look forward to the buzz and to meet new people. The team will be present at the event for the 8th year in a row and […]
Aqualis Offshore wins Bahrain LNG work
Aqualis Offshore, part of Oslo-listed Aqualis has been contracted by the South Korean Oceanus to provide specialist floatover services for an LNG regasification platform topside offshore Bahrain.
Incat Crowther designs new dive support vessel
Australian ship designer Incat Crowther has won a contract with Legacy Marine Group of Port Elizabeth, South Africa, for the design of two new 18-meter catamaran dive support vessels (DSVs). Incat Crowther said on Monday that the new DSVs would be built for Stapem Offshore for operation in the coast
Norway: March oil production beats NPD forecast
The Norwegian Petroleum Directorate has released preliminary production figures for March 2017 show an average daily production of 2 145 000 barrels of oil, NGL and condensate, which is an increase of 63 000 barrels per day (approx. 3 percent) compared to February. The oil production is about 8.0 pe
Geophysical Survey Underway on Gwynt y Môr
The survey vessel Proteus of Liverpool is carrying out geophysical survey operations in and around the Gwynt y Môr offshore wind farm.
Geophysical Survey Underway on Gwynt y Môr
The survey vessel Proteus of Liverpool is carrying out geophysical survey operations in and around the Gwynt y Môr offshore wind farm.
Nakilat’s Q1 net profit drops 20.4 pct
Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipper, saw its first-quarter net profit fall 20.4 percent. Nakilat reported a first-quarter net profit of 191 million riyals ($50.92m), compared with 240 million riyals in the same period last year. The Doha-based LNG shipping giant
Nord Stream 2 financing deals signed
Five European energy companies, Shell, Engie, OMV, Uniper and Wintershall signed financing agreements with Nord Stream 2, the company responsible for planning, construction and future operation of the Nord Stream 2 pipeline.
Gazprom, Engie ink cooperation MoU
Russian giant Gazprom signed a memorandum of understanding aiming to promote cooperation with the French utility and LNG player Engie.
U.S. Treasury: No Russia waiver for Exxon
Oil behemoth ExxonMobil will not get a permission from the U.S. to drill in the Russian part of the Black Sea. To remind, some parts of Russia have been off limits for the U.S. oil companies due to the economic sanctions against Russia. Last week, media reported that Exxon was seeking a waiver which
Five energy majors to provide financing for Nord Stream 2 pipeline
Shell and four European companies – Engie, OMV, Uniper and Wintershall – have signed financing agreements with Nord Stream 2 AG, the company responsible for the planning, construction and future operation of the Nord Stream 2 pipeline. The 1,220-kilometer pipeline will be able to transport a total c
Nigeria LNG posts lowest annual revenue since 2009
Nigeria LNG, the operator of the giant Bonny export plant, reported a 31% drop in its revenue in 2016 due to low oil and gas prices. Low crude prices, that fell more than halved from 2014, hit NLNG’s revenue as most of the company’s contracts are indexed to oil. NLNG earned $4.72 billion in 2016 [&h
BP hires Fluor for offshore compression job in Trinidad
Oil major BP has hired Fluor for the front-end engineering and design (FEED) for the Cassia compression project off the east coast of Trinidad and Tobago. Fluor said its scope included the design of a new offshore gas compression platform, new connecting bridge and modifications to the existing Cass