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First FLNG Production Facility Completes Testing
The first natural gas floating liquefaction unit (FLNG) has completed performance testing at the Wison Offshore & Marine yard in Nantong, China, marking the first time LNG has been produced onboard a floating facility. The performance test was carried out in the presence of classification societies, EXMAR and all the relevant parties, Wison said.
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Statoil: High Activity in Deep Waters
This spring and summer saw buzzing activity at water depth of 1300 meters on the Aasta Hansteen field. Four vessels have carried out successful field operations for nearly 200 days. The waters on the Aasta Hansteen field are deep, very deep, as much as 1300 meters to be precise, but…
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Scientists Uncover Explanation for Hidden Ocean Swell Interactions
Better simulations of internal tides may benefit sonar communications, protect offshore structures, and more. In certain parts of the ocean, towering, slow-motion rollercoasters called internal tides trundle along for miles, rising and falling for hundreds of feet in the ocean’s interior while making barely a ripple at the surface.
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BP Decries Deepwater Horizon Film as Inaccurate
BP has criticized the new "Deepwater Horizon" film as being an inaccurate Hollywood dramatization of the deadly oil rig disaster in the Gulf of Mexico in 2010. "The Deepwater Horizon movie is Hollywood's take on a tragic and complex accident. It is not an accurate portrayal of the events that led to the accident…
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Rosneft to Participate in Bashneft Privatization
Russia's largest crude oil producer Rosneft will take part in the sale of the state's controlling stake in mid-size oil company Bashneft , Rosneft said on Friday. "Yes, we will bid for Bashneft," Rosneft's spokesman Mikhail Leontiyev said without providing further detail.
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US Oil Demand Fell in July for First Time in Six Months -EIA
U.S. oil demand fell in July on a year-over-year basis for the first time in six months, as gasoline sales could not overcome weak distillate demand…
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C-Innovation, 1Diamond Announce Joint Venture
C-Innovation, LLC, an Edison Chouest Offshore affiliated company, and 1Diamond, LLC, a Quanta Services, Inc. subsidiary,…
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Petrobras CEO: Wage Hikes of Last Decade are Impossible Today
Brazil's state-led oil company Petrobras is unable to give its workers the kind of pay raises that increased company salaries…
Latest news
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San Leon Updates on Nigeria production as Transaction Completes
San Leon Energy, the AIM listed company focused on oil and gas development and appraisal in Africa and Europe, today announced…
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Wärtsilä Unveils Modular Load Resistors
Wärtsilä announces the launch of its new Jovyload Concept, a portfolio of modularised load resistors. The modular kit format…
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Det Norske Funding Update
Subject to closing of the BP Norge transaction, the company has made certain changes to its two bank facilities, including…
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Final Legwork Underway to Move Transocean Winner
Final preparations for moving the Transocean Winner rig onto the Hawk vessel are continuing and good progress has been made…
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Australia's Gladstone LNG Plant to Take Unit Offline for Maintenance
Australia's Gladstone liquefied natural gas (LNG) export plant will take one of its production lines out of service for planned…
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Norway Gas Exports to Remain at Record Levels in 2016 -Gassco
Norway's gas exports to Europe this year are set to remain near the record levels reached in 2015, the head of the country's…
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Saudis Gamble with Price, Hope to Keep Market Share
The Organisation of the Petroleum Exporting Countries surprised oil traders and analysts by announcing a production deal…
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Mexico, Cuba, U.S. to Negotiate Gulf 'Doughnut Hole' Rights
Officials from Mexico, the United States and Cuba met on Thursday for a second round of talks on the limits of the Western Polygon…
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Petronas Mulls Exiting $27 bln Canada LNG project
Malaysian state oil firm Petroliam Nasional Bhd is considering selling its majority stake in a $27 billion Canadian liquefied natural gas (LNG) plant…
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Oil Falls as Investors Cash in on OPEC Rally
OPEC to agree production cut details at November meeting. Investors expect more oil price swings ahead of Nov OPEC meeting.
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Shell Plans $300 Mln Annual Argentina Investment through 2020
Royal Dutch Shell plans to invest $300 million a year in Argentina through 2020 in exploration as well as refining, distribution and marketing…
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TCS Charters CWind Crew Transfer Vessel
Transmission Capital Services (TCS) has chartered one of CWind’s crew transfer vessels (CTV) on a five-year contract to support…
Offshore Oil & Gas
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Vattenfall Expects Denmark to Approve Offshore Wind Tender Win
Sweden's Vattenfall said on Thursday it still expects to go ahead with building two near-shore wind power farms in Denmark…
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Keppel FELS Delivers Accommodation Unit to Floatel
Keppel FELS, a wholly owned subsidiary of Keppel Offshore & Marine (Keppel O&M) has delivered Floatel Triumph, a fifth high…
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Ecosse Subsea Systems Wins $3.9m Carousel Contract
Ecosse Subsea Systems (ESS) have been awarded a £3 million ($3.9 mln) contract by an international infrastructure group to…
Shale Oil & Gas
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Brazil Unveils Details of Oil Rights Auction in Marginal Areas
Brazil's oil industry regulator ANP said on Thursday it plans to auction rights to up to 10 areas with marginal accumulations…
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Oil Lifts Global Stocks as Crude Slips on OPEC Doubts
Oil company shares lift global stocks after OPEC deal. An agreement by OPEC members to curb output boosted oil company shares on Thursday…
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Oil Slips as OPEC Deal Questioned
OPEC producers agree output targets for first time in 8 years; energy company shares up on surge in oil prices. Oil prices…
LNG
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Golar Brazil LNG Venture to Build Power Plant
GG Power, a joint venture between Britain's Golar LNG Ltd and Brazil's GenPower Participacoes SA, plans to start construction of its 1…
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Finalists of Global OSCC Award Announced
THE top three international employers and training providers shortlisted to compete to be crowned winners at the annual OPITO…
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Europe Gas Terminal Group Sees Transport Use for LNG
European operators of large and underused liquefied natural gas (LNG) terminal capacity bet on new uses for their product…
Renewables
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Four British Power Firms Call for Carbon Tax Extension
Four British power generators have called on the government to maintain the country's carbon tax until at least 2025, according…
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Abu Dhabi Solar Project Attracts Cost-effective Bids
Abu Dhabi has received six bids to build a 350 megawatt solar plant in the emirate, one of which was cited by the Abu Dhabi…
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Strainstall wins Hywind Mooring Monitoring Contract
Strainstall has been awarded a contract to provide crucial mooring monitoring for the Hywind pilot park – the world’s first…
Technology
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Paradigm Flow Services Announces Growth
Oil and gas services company has announced growth into a key emerging market, thanks to the award of its first ever contract in Angola.
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WFS Appoint IMEC as Agent in Malaysia
WFS Technologies of Livingston, Scotland, has appointed Kuala Lumpur-based Independent Marine & Engineering Consultants Sdn…
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Schlumberger Unveils Well Test Design and Interpretation Software
Schlumberger announced today at the 2016 SPE Annual Technical Conference and Exhibition the release of GeoTesting geology…
Legislation
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Chesapeake Receives DoJ Subpoena on Accounting for Asset Purchase
Chesapeake Energy Corp said it received a subpoena from the U.S. Department of Justice seeking information on the accounting…
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Shell Declares Force Majeure for Singapore Chemical Output
Royal Dutch Shell has declared force majeure on base chemicals from its ethylene cracker at its Bukom manufacturing site in Singapore on Thursday…
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Does OPEC Deal spell Relief for U.S. Shale?
It was a moment U.S. shale oil producers have been waiting on for more than two years: OPEC nations finally agreed to cut…
