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Damen Shipyards Carries Out Tank Testing of New FCS 7011
Damen Shipyards Group has carried out tank testing of its 70-metre Fast Crew Supplier (FCS) 7011. The tests were carried out at the Delft University of Technology (TU Delft) with a 2.8-metre long model.Intended for long distance crew transfer operations, the Damen FCS 7011 will offer…
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Aker BP CEO Predicts Fast Johan Sverdrup Ramp-up
Aker BP, a partner in Norway's giant Johan Sverdrup oilfield, expects a fast ramp-up of production when the initial development phase ends in late 2019, its chief executive said on Thursday."I think it will be done in a few months, because the production per well is so high," Karl Johnny Hersvik told Reuters on the sidelines of an energy conference
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Weatherford CEO's Rebound Plan Relies on Getting Smaller
Four years ago, oilfield company Weatherford International Plc pledged to sell non-core businesses and make paying down debt its top priority after years of borrowing and over spending.It almost worked. Asset sales provided some $1.8 billion to pare debt, and Weatherford's stock nearly doubled that year.
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LNG Bunkering to Grow at CAGR of 62.50% CAGR to Reach $247bn in 2023
The global liquefied Natural Gas (LNG) bunkering market is expected to witness a CAGR of 62.5% over the forecast period 2017-2023, and is projected to reach USD 24,684.7 million by 2023.The key factors driving the growth of LNG bunkering market are increase in LNG demand in order…
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BW Adolo FPSO Produces First Oil
BW Offshore has announced that first oil from the BW Adolo FPSO was safely achieved on Sunday, 18 months after the initial investment was made in the Dussafu license offshore Gabon."We have achieved first oil from the Dussafu license within budget and on schedule," said Carl K. Arnet, the CEO of BW Offshore.
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Novatek Signs Pact for Kamchatka LNG Transshipment Complex
Russia’s natural gas producer Novatek has signed an agreement of intent on implementing a project for the construction of…
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Okea Weighs Its Options for Grevling Oil Discovery
Norwegian oil firm Okea is looking at four options to develop its North Sea North Sea Grevling oil discovery, which in turn could impact on the compan
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Qatargas, PetroChina Sign 22-Years LNG Supply Deal
Qatargas, the world’s largest LNG producer, has announced a long-term Sale and Purchase Agreement (SPA) with PetroChina…
Latest news
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China LNG Tariff Casts Shadow Over New US Export Terminals
China set a 10 percent tariff on U.S. liquefied natural gas (LNG) imports, extending a trade dispute into energy and casting a shadow over U.S.
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Shell Changes to North Sea Rotas Welcomed by Union Unite
* The Unite union in Scotland on Tuesday welcomed a decision by Shell to move to two weeks offshore and three weeks onshore schedules for workers in t
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Digitization of the Norwegian Continental Shelf
A new web-based tool is being used for the first time offshore for collecting, systematizing and presenting safety critical…
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Aker Solutions Wins Services Contract in Brazil
Petrobras has awarded Aker Solutions a contract to provide maintenance and modifications services for nine platforms at oil…
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Goliat Oilfield Shut for Maintenance
Oil production at Eni's Arctic Goliat field off the coast of Norway was shut on Monday for planned maintenance, a company spokeswoman told Reuters.The
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BSM Launches a Offshore Division
In what can be construed as another positive sign for the turnaround of the offshore energy markets, Bernhard Schulte Shipmanagement…
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ESVAGT Orders Two SOVs from Havyard
Danish shipowner ESVAGT and offshore wind farm developer MHI Vestas have sealed long-term contracts for the delivery of two…
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China Harbour Engineering to Build Berri Field in Saudi Arabia
Saudi Arabian oil giant Saudi Aramco has awarded a contract to China Harbour Engineering Arabia for the construction of two…
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US Aims to Start LNG Deliveries to Germany in Four Years
U.S. companies expect to begin delivering liquefied natural gas (LNG) to Germany in four years at the latest and will challenge…
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Cheniere Inks 15-year LNG Sales Pact with Vitol
Cheniere Energy Inc said on Monday that it signed a 15-year agreement to supply liquefied natural gas (LNG) to the world's largest oil trader…
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Germany to Build LNG Terminal in 'Gesture to U.S.'
Germany will chose a city to host a new liquefied natural gas (LNG) terminal by year end's in what its economy minister on…
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CNOOC Starts New Oil Production at Penglai Field
China's CNOOC Ltd started producing crude oil at 1/3/8/9 block of the Penglai 19-3 oilfield off north China's Bohai Bay,…
Offshore Oil & Gas
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Total Bought 25% in Orinduik Block Offshore Guyana
Total says has exercised option to buy a 25 pct interest in Orinduik exploration block offshore Guyana.* Orinduik operated by Tullow Oil off Guyana co
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Samsung Heavy in Talks to Resolve Nigeria Industry Zone Dispute
The Nigerian arm of Samsung Heavy Industries is in talks to resolve a court action launched by an industrial zone in the…
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Offshore Wind: Fugro Starts Site Survey in the Baltic
Fugro has commenced a marine site characterization program at Iberdrola’s Baltic Eagle Offshore Wind Farm, in German waters…
Shale Oil & Gas
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Oil Higher as U.S. Sanctions on Iran Raise Supply Concerns
Oil prices rose on Monday as investors focused on the impact of U.S. sanctions on Iran despite assurances by Washington that Saudi Arabia…
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BP, Vitol Go Head to Head in West African Crude Trading
Oil major BP has clashed with rival Vitol in the once-languid West African crude market, buying up cargoes and taking a big…
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Canada Environment Minister: 'No Apologies' for Oil Sector Support
Canada's top climate change official on Thursday said she would make no apologies for the nation's support for its oil producers…
LNG
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Ghana Resurrects LNG Import Terminal with Chinese Deals
Ghana has chosen two Chinese companies to build the infrastructure it needs to import liquefied natural gas, resurrecting the $350 million Tema termin
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Uniper Sees Merit in Building LNG Terminal at Wilhelmshaven
Germany's Uniper on Tuesday said it favors a liquefied natural gas (LNG) terminal at the Wilhelmshaven deep sea port on the North Sea coast, less than
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Excelerate, TGS Join for Argentina LNG Export Study
Excelerate Energy and Transportadora de Gas del Sur (TGS) have provisionally agreed to jointly assess the viability of an…
Renewables
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Serbia's First Large-scale Wind Farm to Start in October
Belgian renewable energy firm Elicio NV said on Friday its 42 megawatt (MW) Alibunar wind farm in northern Serbia will start…
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Green Energy on the Rise in Thailand
BCPG Public Company is looking at ways in which innovation in technology and energy management are encouraging consumers…
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Google Buys into New Finnish Wind Energy in Renewables Search
Google said it has signed a 10-year deal to buy renewable energy from three new wind farms that are being built in Finland and which will power one of
Technology
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Platform Mooring Connectors Supplied for Windfloat Atlantic Project
A U.K. based subsea mooring and cable protection specialist has been called on to help connect wind turbine generator platforms…
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Challenges in Decarbonizing Shipping Industry
DNV GL - Maritime has released its second Maritime Forecast to 2050, part of a suite of Energy Transition Outlook (ETO) reports…
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DNV GL Rolls-out Digital Hub in Singapore
DNV GL has launched a digital hub in Singapore as part of the transformation of the oil and gas, maritime and energy industries toward digitalization…
Legislation
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Swedish Court Revokes Suspension of Gazprom vs Naftogaz Ruling
A Swedish appeals court said on Thursday it had revoked a previous suspension of an arbitration ruling that blocked attempts by Ukraine's Naftogaz to
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Gunmen Attack Headquarters of Libya's State Oil Firm
Several armed men attacked the headquarters of Libya's National Oil Corporation (NOC) in the capital Tripoli on Monday, killing…
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International Tribunal Rules in Favor of Chevron in Ecuador Case
Chevron Corp said on Friday an international tribunal ruled in its favor and that Ecuador had violated its obligations under international treaties.Th
