News
Shell says it knew some payments for Nigeria oilfield would go to Malabu
By Libby George LONDON (Reuters) – Royal Dutch Shell <RDSa.L> has said it knew that some of the payments it made to Nigeria for the rights to an oilfield would go to Malabu Oil and Gas, a company associated with a former Nigerian oil minister and convicted money launderer. Shell spokesman Andy Norma
Beatrice Export Cable Works Set to Begin
The first stage of works for the Beatrice offshore wind farm’s export cable is scheduled to start on 13 April at Portgordon, near Buckie, and will include installation of horizontal cable pipes, as well as underwater operations including diving, tunnelling and seabed preparation, according to the de
ConocoPhillips set to award contracts for Ekofisk platform removals
ConocoPhillips is set to award a contract for the removal of Ekofisk field platforms to the Dutch contractor Heerema Marine Contractors. This is according to a statement by AF Gruppen, one of the largest civil engineering and construction companies in Norway. Namely, in a statement on the Oslo Stock
G7 advocates flexible LNG contracts
The G7 energy ministerial meeting, under Italian presidency, called for greater flexibility of commercial clauses in liquefied natural gas (LNG) supply contracts.
Moody’s changes Petrobras outlook to positive
The rating agency Moody’s upgraded corporate debt rating for the Brazilian oil giant Petrobras from B2 to B1 and changed the outlook from stable to positive. According to Petrobras, Moody’s highlighted the continuous improvement of the company’s liquidity profile and financial metrics over the last
Governor Walker pitches Alaska LNG project to China’s president Jinping
Alaska’s governor Bill Walker marketed the state’s resource development opportunities to the Chinese president Xi Jinping, during the latter’s visit to Anchorage.
Infographic: Actual Maritime Incidents in Asia Drop by 12 Pct
There was an overall drop in actual piracy and armed robbery incidents against ships in Asia during January-March 2017, while the number of attempts increased, according to the latest report from Asian piracy watchdog ReCAAP ISC. From January to March, a total of 20 incidents occurred – 18 armed rob
UK OWFs Keep Bladt’s Aalborg Site Busy
The Hornsea Project One offshore substation Z13 arrived at Bladt Industries’ site in Aalborg last week, the company informed via social media, where it also published a photo of the first load out of its share of the Walney Extension transition pieces.
Greenpeace NZ boss faces jail time over ‘Amazon Warrior’ stand-off
Greenpeace New Zealand’s chief executive Russel Norman could face jail time after jumping into the sea in front of the Amazon Warrior seismic vessel. Greenpeace said on Monday that Norman and several other Greenpeace activists took to the water some 50 nautical miles off the Wairarapa coast to inter
NRF: Imports at US Container Ports to See Strong Rise in Spring, Summer
Imports at US major retail container ports should continue to increase throughout the spring and summer, according to the new monthly Global Port Tracker report published by the National Retail Federation and Hackett Associates. The rise is attributed to the improvement of the nation’s economy. “Our
Japan’s spot LNG price drops to five-month low
The average price of spot LNG for delivery into Japan that was contracted in March 2017 was at US$6.2 per mmBtu, dropping to the lowest level in five months.
Offshore safety body finds flaws during Statfjord probe
Norwegian oil and gas safety body, the Petroleum Safety Authority (PSA), has found two non-conformities and two improvement points during a late life safety probe of Statoil’s Statfjord platforms. Statfjord lies close to the boundary line between the Norwegian and UK continental shelves in the Tampe
US Wind Mulls Moving 750MW OWF Five More Miles from Coast
US Wind sent a letter to the Ocean City Council on 7 April, offering to discuss the potential relocation of its proposed Maryland offshore wind project further eastward to address the Council’s desire to lessen the visibility of the project.
Saudis, oil majors discuss gas investments ahead of giant IPO
By Ron Bousso, Dmitry Zhdannikov and Rania El Gamal LONDON/DUBAI (Reuters) – Saudi Arabia and international oil companies have discussed gas venture opportunities inside the kingdom and abroad as part of the top crude-exporting country’s drive to diversify investments before the listing of national