Oil and gas company Tullow Oil is planning to temporarily shut down operations at its Jubilee field, offshore Ghana, starting February 1, 2017. A spokesperson for Tullow told Offshore Energy Today that the shutdown, which will last for fifteen days, is to allow for an interconnection between Jubilee
Maritime union RMT welcomed a new report on UK seafarer jobs which reveals that existing employment practices in the UK shipping industry need to be changed. Carried out for the Department for Transport by Oxford Economics, the report says that the existing practices in the UK shipping industry coul
India’s imports of liquefied natural gas (LNG) dropped 2.9 percent in December as compared to the same month a year ago. This is the second monthly LNG import decline in 2016 as the country’s imports in July were also down 3.8 percent year-on-year. India imported 1.90 billion cubic meters or about 1
By Henning Gloystein SINGAPORE (Reuters) – U.S. liquefied natural gas exporters sending tankers to Asia to fill a gap in the region’s demand as markets have tightened more-than-expected on surging consumption in China and Pakistan as well as Australia’s continuing struggles to ramp up scheduled prod
Australian LNG operator and stakeholder, Santos, posted record LNG sales numbers for the full-year of 2016. Santos operates the Gladstone LNG project and holds stakes in the Darwin LNG project, and PNG LNG in Papua New Guinea. Santos said in its 2016 report on Friday its LNG sales volumes rose 89 pe
The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices.
U.S. liquefied natural gas (LNG) exports are continuing to remain high in January following record high levels in the previous two months, according to the Energy Information Administration. To remind, Cheniere’s Sabine Pass liquefaction terminal in Louisiana exported twelve LNG cargoes in December,
OneSubsea has been awarded an engineering, procurement and construction contract by Statoil to supply the subsea production system for the Utgard gas and condensate discovery in the North Sea. The scope of the contract includes a subsea template manifold system, two subsea wellheads and vertical mon
Norway-based floating LNG giant Höegh LNG has completed the previously announced bond sale worth NOK 1.5 billion ($178 million). The bond issue was substantially oversubscribed and would be swapped from floating 3M NIBOR to fixed USD interest rate, the Oslo-based company said on Thursday. The net pr
Norway’s Electromagnetic Geoservices (EMGS) and TGS-NOPEC Geophysical (TGS) have agreed to expand the cooperation agreement in the Barents Sea. TGS will be investing in a 3D CSEM data acquisition project related to the 24th licensing round in Norway. The contribution from TGS will be booked as a red
The downward trend in oil spills from tankers continues, according to the latest annual statistics issued by the International Tanker Owners Pollution Federation Limited (ITOPF). The average number of large oil spills from tankers, greater than 700 tons, has progressively reduced and since 2010 aver
Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA) to make modifications at Sleipner A and T to connect to the Utgard field, in the North Sea. Utgard is a gas and condensate field situated on the boundary between the Norwegian and UK sectors of the North Sea
In 2016, 818MW of offshore wind capacity went online in Germany, bringing the total capacity of offshore wind turbines connected to the grid to 4,108MW. However, further momentum could be inhibited by the federal government which has limited expansion to 500MW a year after 2020, according to a new r
South Korea’s Kogas’ credit quality will not be immediately affected by its decision to invest in the Area 4 Coral South floating liquefied natural gas (FLNG) project in Mozambique, according to Moody’s Investors Service. On 18 January, Kogas’ board of directors approved an investment in the FLNG pr
