News
Woodside starts studies for Pluto LNG expansion
Australian LNG player Woodside has begun expansion studies for its Pluto liquefied natural gas export plant in Western Australia. Woodside’s Chief Executive Peter Coleman said in February this year that the company was planning further capacity enhancements and mid-scale or large-scale expansion at
‘Siem Helix 1’ kicks off Brazilian ops
American oil and gas services provider Helix Energy Solutions has informed that the Siem Helix 1 vessel has started operations offshore Brazil and is on contract for Petrobras. The Siem Offshore-owned well intervention vessel will be performing well intervention services under a multi-year contract
OGA urges UK oil & gas industry to collaborate to maximize recovery
The Oil and Gas Authority (OGA), the UK oil and gas regulator, has reaffirmed its focus on the importance of collaboration and is urging industry to increase the pace at which licensees develop a culture of collaboration internally, and externally with existing joint venture (JV) partnerships and be
Philippine Forces Rescue Cargo Ship from Pirates
The Philippine Coast Guard and Navy have thwarted a pirate attack on a freighter off Zamboanga del Norte, the Philippines, the Coast Guard confirmed to World Maritime News. The attack occurred in the morning hours of April 18. The cargo vessel, M/V Annabelle City, was sailing to Zamboanga from Iloil
Oil prices to revolve around $60–70 in next three years, MEI says
McKinsey Energy Insights (MEI), a specialist energy data and analytics unit within McKinsey consulting firm, has released its latest Global Oil Supply and Demand Outlook, which claims that oil prices will revolve around $60–70/bbl over the next three years. The report identifies five potential suppl
Gov’t approves Guinea concession farm-out to SAPETRO
Hyperdynamics’ subsidiary, SCS Corporation (SCS), South Atlantic Petroleum (SAPETRO), and the government of Guinea have executed a third amendment to the 2006 production sharing contract (PSC), which will enable the transfer of interest in the Guinea concession to SAPETRO. The second amendment, whic
Rampion OSS Topside Touches Down off Sussex
Scaldis has installed the 2000-tonne offshore substation topside on the 400MW Rampion offshore wind farm some 14 kilometres off the Sussex coast.
Australian government “encouraged” by steps to avert gas crunch, but says more to be done
By Sonali Paul MELBOURNE (Reuters) – The Australian government said it was “encouraged” on steps taken to avert a gas crisis after meeting on Wednesday with producers and the energy market operator, but it held out the threat of regulatory steps to address any supply shortages. Australia’s energy ma
VLCC, Suezmax Fleet Sees Less Ton Miles in Q1
The global very large crude carrier (VLCC) and Suezmax fleet completed 4.6% less ton miles during the first quarter of the year compared to the fourth quarter of 2016, according to VesselsValue. The fleet’s reach was over 2.5 trillion ton miles in the first three months of 2017, with a reduction in
Skangas names new CEO
Skangas said it has named Kimmo Rahkamo as the company’s new CEO, effective May 15.
Spain’s LNG imports drop 33 pct in March
Spain’s imports of liquefied natural gas (LNG) dropped 33 percent in March as compared to the same month in the year before. LNG imports reached 10.48 terawatt hours (TWh) in March, as compared to 15.70 TWh the year before, according to the data provided by the Spanish LNG terminal operator, Enagás.
Boskalis Taps SPT Offshore for Hornsea One Foundations Work
Royal Boskalis Westminster N.V. (Boskalis) has contracted SPT Offshore to install suction pile foundations on DONG Energy’s 1.2GW Hornsea Project One wind farm off UK.
Boskalis Taps SPT Offshore for Hornsea One Foundations Work
Royal Boskalis Westminster N.V. (Boskalis) has contracted SPT Offshore to install suction pile foundations on DONG Energy’s 1.2GW Hornsea Project One wind farm off UK.
Oil Search revenue declines as LNG expansion plans gather momentum
Oil Search remained upbeat over its slight drop in revenue in the first quarter as the company saw momentum building behind the LNG expansion plans in Papua New Guinea.