At least seven seafarers are missing after their vessel, the Turkey-flagged cargo ship Tinaztepe S, sank off the coast of Libya due to inclement weather conditions, local media reported. Libyan naval forces rescued six of the 1979-built ship’s crewmembers following the incident, which occurred on Ma
Oil and gas company Karoon Gas Australia has informed that a suspension of Petrobras’ process to sell two of its assets offshore Brazil to the Australian company is still in force. Earlier this week, the Brazilian Federal Accounting Court (TCU) allowed Petrobras to continue its asset divestment prog
Tokyo Electric Power Company (Tepco) said it has completed the replacement of two turbines at its Futtsu thermal power station.
Taiwan, the world’s fifth largest liquefied natural gas (LNG) buyer, boosted its imports of the chilled fuel by 4.7 percent in January. Taiwan imported 1.19 million mt of LNG in January, as compared to 1.13 million mt in the same month in 2016, according to the data released by the Directorate Gener
Colorado-based CH2M signed a framework agreement with Shell to provide engineering procurement, construction and project management services across upstream, integrated gas and downstream projects globally.
Offshore driller Diamond Offshore has made a step forward in a court case against Petrobras, stemming from an early rig contract termination last year. Petrobras terminated the contract for the Ocean Valor rig in August 30, 2016. The drilling contract was originally estimated to conclude in October
Natural gas spot prices in the U.S. increased in most locations in the week ending March 15 on the back of colder weather. The Henry Hub price rose 31¢ from $2.69/MMBtu last Wednesday to $3/MMBtu two days ago, according to the weekly report by the Energy Information Administration issued on Thursday
Norway’s Statoil has awarded Kvaerner the contract for complete upgrade of the Njord A platform. The contract has an estimated value of around NOK 5 billion ($588 million). “This is one of the most important contracts in the market this year. We are proud of the confidence Statoil is showing us by a
After completing consultations with employee representatives, Tellus Petroleum, a part of Sequa Petroleum, has started its liquidation process. Oil and gas company Sequa Petroleum started making plans in February to cease its E&P activities in Norway, conducted through its 100% owned Tellus Petroleu
In collaboration with multi-client geoscience data company, TGS, Fugro has continued its hydrocarbon seep mapping campaign in the Gulf of Mexico. Fugro said on Friday that this latest survey named Otos follows the completion of the TGS industry-funded Gigante survey in 2016, on the Mexican side of t
French geophysical services company CGG has completed processing of the Carabao regional multi-client study acquired offshore the Philippines. CGG said on Wednesday that the study integrated over 8,500 kilometers of new broadband pre-stack time-migrated 2D BroadSeis data and complementary marine gra
CGG informed that the final geoscience data for its Carabao multi-client study, acquired offshore the Philippines, is now ready for delivery. The study integrates over 8,500 km of new broadband prestack time-migrated 2D BroadSeis data and complementary marine gravity and magnetic data acquired with
The European Parliament has voted today to pass its Resolution on the Arctic, calling on the ban of oil drilling in the Arctic and shipping of heavy fuel oil so as to protect its vulnerable ecosystem and keep it a low-tension and cooperation area. The parliament called on the Commission and the Memb
A Vietnamese seafarer who was kidnapped on February 19th by Abu Sayyaf, an affiliate to the ISIS Islamic terror group, together with five other crew members of the Vietnamese-flagged bulk carrier MV Giang Hai was killed while trying to escape his captors. The information was confirmed by the Joint T
