UK’s offshore union Unite wants full disclosure on any employment plans that are part of Wood Group’s planned takeover of oil and gas operator Amec Foster Wheeler announced on Monday. UK-based energy services company Wood Group made a $2.7 billion worth offer to acquire its compatriot consultancy, e
Japan’s biggest city gas supplier, Tokyo Gas said its natural gas sales during February 2017 dropped 1.5 percent compared to the corresponding month a year before.
French seismic survey specialist CGG has entered into an agreement with its Norwegian subsidiary Exploration Investment Resources II to reduce the cash cost of the charter agreement for the ‘Oceanic Champion’ vessel. The Oceanic Champion is an active seismic vessel, and the reduction rate will be co
By Aaron Sheldrick TOKYO (Reuters) – Crude oil prices hovered near three-month lows on Tuesday, with investors waiting for key reports and data that may shed light on a supply overhang in the global market. U.S. West Texas Intermediate crude (WTI) <CLc1> was down 7 cents at $48.33 a barrel, as of 07
French geophysical company CGG has decided to reduce vessel charter cash costs for the seismic vessel Oceanic Champion while under strict cost and cash management. The geophysical company said on Tuesday that, in line with the agreements announced in January regarding three vessels, the Viking Vanqu
LNG project developer Inpex signed a number of agreements with Pertamina and Total to transfer operation of the Mahakam block offshore Indonesia.
The United States Coast Guard (USCG) closed the Port of Virginia Monday night in anticipation of high winds. “All vessels will be prohibited from entering or departing Chesapeake Bay. Vessels at 5,000 gross tons or greater will be prohibited from moving within the bay unless permission is granted by
A proposed merger between three Norwegian offshore supply vessel providers, Deep Sea Supply, Farstad Shipping, and Solstad Offshore, is on track to be completed during the first half of this year. According to a joint statement on Monday by the three companies, they are finalizing the proposal for t
San Diego-based energy company and LNG operator Sempra Energy appointed Maria Contreras-Sweet to the board of directors.
Harmony Merger Corporation and the US LNG export player NextDecade executed a non-binding letter of intent paving the ways for a merger of the two companies.
By Alissa de Carbonnel BRUSSELS (Reuters) – EU antitrust regulators said on Monday concessions by Russia’s Gazprom aimed at avoiding fines should allay concerns of market abuse, signalling a thaw in business ties between Moscow and Brussels despite tensions over Ukraine and Syria. The provisional de
Atlantic Petroleum, a Faroese oil and gas company with assets in the North Sea, has refinanced its debt with its main creditor Eik Bank. Atlantic said on Monday that it had revised terms for the DKK 66 million ($9.5 million) debt to Eik Bank and that the new terms would see the debt paid back [&hell
Marine seismic services provider WGP Group, a subsidiary of Thalassa Holdings, has been preparing to mobilize for its 2017 Spring North Sea projects. WGP’s parent company said on Tuesday that preparations are now well underway with operations anticipated to start during April, as scheduled. The comp
The global marine freight industry is expected to return to 2014 levels by mid-2019 and reach a value of approximately USD 210 billion by 2021, according to the findings of research firm MarketLine. “The recovery in the industry is expected to be fueled primarily by a return of global demand as oil
