Israel has achieved a major milestone on Saturday when natural gas production commenced from the Tamar field off Israel’s Mediterranean shore, Reuters reports. The country is expected to become a gas exporter by the end of the decade. Partners in the fields stated that they had invested $3 billion i
Hess Corporation announced it has completed the sale of its 2.72 percent interest in the Azeri, Chirag and Guneshli Fields (ACG) and its 2.36 percent interest in the associated BTC pipeline to ONGC Videsh Ltd. for $1 billion. Adjusting for net cash flow received since the Jan. 1, 2012 effective date
Aberdeen-based XPD8 Solutions has reported a strong start to 2013 after its condition monitoring team secured work worth more than £2 million and announced plans to expand its workforce. The company, which specialises in the management of maintenance systems for oil and gas producing assets, has bee
Sumitomo Corporation and Tokyo Gas Co., jointly announced today, after extensive discussion since April 2012 with Dominion Cove Point LNG, the operator of the Cove Point LNG Project in Maryland USA, that a Terminal Service Agreement and a Heads of Agreement for Sale and Purchase with respect to the
Top News of the Week March 25 – 30, 2013
Kawasaki Kisen Kaisha, Ltd. (“K” Line) announced that an agreement is to be made with Chubu Electric Power Co., Inc., on long-term Time Charter of a new 164,700m3 Moss (independent spherical tank) type LNG carrier and execute Shipbuilding Contract for it with Kawasaki Heavy Industries, Ltd. (KHI). K
Gazprom hosted a working meeting between Alexey Miller, Chairman of the Gazprom Management Committee and Christophe de Margerie, Chairman and CEO of Total on March 28. Apart from focusing on the Bolivian operations, the meeting also addressed the prospects for joint implementation of the Shtokman pr
Offshore Group Newcastle (OGN) one of the UK’s leading EPC service providers to the offshore oil & gas and wind energy sectors welcomed the Secretary of State for Energy and Climate Change – Ed Davey onto the Hadrian Yard facility in Wallsend on Wednesday 27th March. Davey was given an opportunity t
Yokogawa Electric Corporation said that it has been selected to supply the integrated automation and safety system for the new liquefaction trains at Cheniere’s LNG facility in Sabine Pass, LA, which is being developed by its subsidiary Sabine Pass Liquefaction, LLC (SPL). SPL is the first company w
Tug Fairmount Summit has delivered rig SSV Catarina offshore Angola. The rig has been towed from Okpo, South Korea, via Strait of Malacca and Cape of Good Hope towards Angola. SSV Catarina is a brand new sixth generation semi-submersible drilling rig for ultra deepwater operations. The rig is constr
The Rt Hon Dr Vince Cable MP, Secretary of State for Business, Innovation and Skills has officially opened international oilfield services company, Expro’s new well intervention facility in Aberdeen. The Carnegie and Young facilities, located in Dyce, Aberdeen, will enhance the company’s growing wel
NYK Energy Transport (Atlantic) Ltd, a London based subsidiary of Japanese NYK, a leading global shipping company, and the Paris-based GDF SUEZ, one of the world energy leader, have entered into a time charter of the “GRACE BARLERIA”. The LNG carrier joined the GDF SUEZ LNG fleet on 27th February 20
Apache Corporation said that an Australian subsidiary and its partners have signed long-term sales and purchase agreements with Chubu Electric Power Company, Inc. for liquefied natural gas from the Chevron-operated Wheatstone Project in Western Australia. The Wheatstone partners have agreed to suppl
Belov Engenharia has ordered a second Saab Seaeye Lynx ROV for its operations in Brazil’s vast oil fields. General Manager, André Weber Carneiro explains why he favours the Lynx. “It’s powerful for its type, with a good depth rating that enables us to perform a wide span of services.” He says that t
