Stories
Refine Search
-
Company
Egypt's Launches Tender for Another FSRU
Egypt has launched a tender to hire a third floating and storage regasification unit (FSRU) to import liquefied natural gas (LNG), an official from state-run energy firm EGAS told Reuters. Egypt, a former energy exporter but now net importer due to falling production and rising consumption…
Investors seek ruling against Petrobras in corruption lawsuit
Investors suing Brazil's state-run oil firm Petrobras to recoup billions of dollars in losses argued on Tuesday that the arrests and plea deals of top company executives prove that it knew of a massive bribery and political kickback scheme. Lawyers for the investors asked U.S.
Sevan Marine Divests Stake in KANFA Aragon
Sevan Marine ASA said it has disposed 50 percent of its stake in KANFA Aragon AS to Sembcorp Marine Ltd. for cash consideration of NOK 20 million, representing a step in the company’s efforts to cut costs and complexity while increasing its focus on its core cylindrical hull technology.
DNV GL Secures Frame Agreement with Det Norske
Det norske oljeselskap ASA has awarded two new frame agreements to DNV GL covering a range of services in the field of verification, Inspection and HSEQ. The contract period is for four years with potential to extend. “This is good news for…
FPSOs Sit Unprecedentedly Idle
While the oil and gas markets are starting to come to life, nearing the $50 per barrel mark, the future fate of floating production remains a mystery The 20 year four-fold growth pattern in the world’s FPSO fleet stalls out in 2016 with a record…
Malikai TLP Float-Off in Malaysia
InterMoor completed its involvement in the Shell Malikai Tension Leg Platform (TLP) float-off operations. The TLP was loaded onto the Dockwise Heavy Lift Vessel White Marlin at Malaysia Marine and Heavy Engineering (MMHE) shipyard in Pasir Gudang…
Sea Trucks Secures Flotel Contract for Malikai Project
Sea Trucks Group has been awarded a contract from Sabah Shell Petroleum Company Limited for the provision of flotel services for the Malikai deepwater development project, located 100 kilometers off Sabah, Malaysia, at a water depth of around 500 meters.
Private Equity Warms up to Oil
Nearly half of PE funds expect a deal by mid 2017; North America remains focal point of deals. The world's private equity funds, with a cash pile of around $1 trillion, are stepping up their interest in the oil and gas industry, with almost…
Golar, Stonepeak Launch Launch FSRU Joint Venture
Golar LNG Limited announced that it has entered into a 50/50 joint venture with investment vehicles affiliated with private equity firm Stonepeak Infrastructure Partners. The joint venture company, Golar Power Ltd, will offer integrated LNG based downstream solutions…
US Offshore Regulator to Unveil Tougher Environmental Safeguards
The U.S. government agency created after the 2010 Deepwater Horizon oil spill plans in coming weeks to unveil tougher financial requirements for offshore oil producers aimed at protecting taxpayers from the risk of cleaning up abandoned oil rigs, an agency executive told Reuters.
Angolan Activist calls for President's Daughter to Step Down as Oil Firm Chief
Human rights activist Rafael Marques has asked Angola's Attorney General to revoke the appointment of Isabel dos Santos as head of Sonangol, accusing the president of acting unconstitutionally by putting his daughter in charge of the state energy firm .
IMB: Beware Commercial Impact of Cyber Attacks
The International Maritime Bureau (IMB) is asking shipping and maritime companies to be vigilant to the potential commercial impact that cyber-attacks can cause. IMB says that cyber security is not only about trying to identify and to prevent…
Russia Aims it Big With Arktika, World's Largest Icebreaker Ship
The floating out of the world’s largest nuclear-powered icebreaker Arktika in Russia’s St. Petersburg shows Russia's ambitions to control the top of the world in the 21st century. The Arktika launched early on June 16, ahead of its original 2017 schedule.
Hundreds of Scientists Urge Obama to Halt Arctic Oil Drilling
Nearly 400 scientists from more than a dozen countries signed a letter urging U.S. President Barack Obama to take the Arctic Ocean out of the next federal offshore lease sale plan, thus ruling out the possibility of offshore drilling in the Arctic in the near future.
Russia Floats Idea of Gas Exports to China from Exxon Venture
Russian Energy Minister Alexander Novak said on Friday that Exxon Mobil's oil and gas project on the Russian Pacific island of Sakhalin may secure rights to export natural gas to China. U.S. energy giant Exxon is an operator of the Sakhalin…
Poland Receives First Commercial LNG From Qatar
Poland received its first supplies of liquefied natural gas (LNG) from Qatar on Friday, part of a wider plan to cut its reliance on Russian gas. Poland currently buys the bulk of its gas from Russia's Gazprom but recently completed an LNG terminal…
Crude Oil Prices Finally Rise Again
Sharp oil sell-off likely if Britain votes to leave EU. Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over its EU membership. Brent crude futures were up $1.11 at $48.30 a barrel by 1142 GMT…
JSMEA & MR Team for OTC Ballpark Reception
More than 200 business colleagues and friends enjoyed a break from the busy Offshore Technology Conference (OTC) by attending a Houston Astros baseball game on Tuesday, May 3, 2016, at Minute Maid Park in Houston. A luxury suite reception on…
Pemex Says Trion Field Approved as First Farm Out
The board of Mexican state oil company Pemex has authorized the process of launching the first so-called farm out as part of the opening of the local oil and gas industry, chief executive Jose Antonio Gonzalez Anaya said on Friday. The planned…
FPSO Crew Rescues Trapped Sea Turtle
Shortly after lunchtime on June 5 onboard FPSO Cidade de Rio das Ostras, a crew member spotted a sea turtle trapped in a fishing net drifting on the surface of the waves. A report was made immediately after the sighting and after a brief meeting…
Pemex to Present Board with First Deepwater Private Sector Tie-up
Mexico's state oil company Pemex will present to its board this week its first possible deep-water tie-up with private firms, a long-awaited landmark of Mexico's energy reform that opened the sector to private investment, an energy ministry official said on Thursday.