News
Novatek elects board of directors
Novatek, the developer of the giant Yamal LNG project in Russia, re-elected the company’s board of directors at the annual general meeting of shareholders.
Chris Westra: 2017 – Stormy Weather!
Offshore wind development is doing well in the Netherlands. Coastal waters surrounding the country will see 3.450MW installed up to 2023 as defined in the Energy Agreement. Now is the time to ask: what will happen next?
18,000+ TEU Megaships: Will They Live Up to the Promise?
There are 56 container ships of 18,000 + TEU on order slated for delivery from April, 2017 till June, 2020. The mega boxships are intended predominantly to sail on the North Europe-Far East trade dominated by carrier alliances that have been freshly reshuffled. Only this year 19 vessels of this size
Hammer Time on Merkur Offshore Wind Farm
GeoSea has installed the first of 66 monopiles on the 396MW Merkur offshore wind farm in the German North Sea.
Gaz-System green-lights Polish LNG terminal expansion
Polish gas transmission operator, Gaz-System has decided to expand the country’s first liquefied natural gas (LNG) import terminal in Swinoujscie.
UMW gets more time to complete Icon, Orkim buy
Malaysian offshore oilfield services provider UMW Oil and Gas has yet to complete the acquisitions of Icon Offshore and Orkim. To remind, the company in January announced it would buy Icon Offshore, a Malaysian offshore vessel owner, from HOSB, a subsidiary of Ekuinas Capita. Separately, UMW said it
UK union presses on with offshore strike ballot plans
UK’s offshore trade union Unite is pushing ahead with preparations for an official ballot on industrial action. Offshore members of Unite the union are in the middle of a dispute over pay and conditions with their employers, represented by the Offshore Contractors Association (OCA). Unite, along wit
Exxon will not say if it is seeking waiver from Russia sanctions
HOUSTON (Reuters) – Exxon Mobil Corp <XOM.N> on Wednesday declined to comment on a media report that it is seeking permission from the U.S. government to drill in several areas of the Black Sea banned by U.S. sanctions on Russia. The Wall Street Journal reported that Exxon had in recent months appli
South Korea’s LNG imports up in March
South Korea, the world’s second-largest buyer of LNG, boosted its imports of the chilled fuel by 3 percent in March year-on-year. The country imported 3.53 million mt of LNG in March, as compared to 3.43 million mt in the corresponding month the year before, according to the customs data. South Kore
Woodside: Wheatstone LNG begins phased start-up offshore
Chevron-led Wheatstone LNG project west of Onslow, Australia has progressed its commissioning phase both on the offshore platform and Train 1.
Santos boosts LNG sales, production in Q1
Australia’s Santos increased its sales of liquefied natural gas (LNG) in the first quarter as it boosted production at its GLNG plant on Curtis Island. Santos operates the GLNG project with a 30 percent stake and holds equity in the Darwin LNG project, and PNG LNG in Papua New Guinea. Santos said in
Bad weather hampers Woodside’s revenue
Perth-based Woodside said its revenue for the first quarter dropped 8.8 percent due to lower production impacted by adverse weather conditions.
Santos bumps revenue as costs drop
Australian LNG operator Santos further reduced its debt and costs in the first quarter of 2017, as sales revenue rose compared to the corresponding quarter year.
Spectrum in 2D seismic survey off Argentina
Multi-client seismic data specialist Spectrum has started a 35,000 km Multi-Client 2D seismic survey covering 435,000 km2 offshore the deep waters of Argentina in cooperation with YPF S.A. and the authorization of the Ministry of Energy and Minerals. This survey is designed in close cooperation with