Norway’s offshore safety regulator has issued two orders to the Norwegian subsidiary of the Italian oil company Eni related to operations on the Goliat field in the Barents Sea, off Norway. Last Thursday, the Petroleum Safety Authority (PSA) issued two notifications of orders to Eni, which were not
Woodside of Australia expects a final investment decision for the Scarborough gas field located offshore Western Australia by 2020. The Perth-based LNG player purchased in November last year 50 percent of BHP Billiton’s interests in the gas field. ExxonMobil’s affiliate Esso Australia Resources is t
By Libby George and Christopher Johnson LONDON (Reuters) – Oil bounced back from a one-week low on Thursday as the International Energy Agency (IEA) said global oil markets were tightening even before cuts promised by OPEC and other producers could take shape. Oil prices have gyrated this year as th
China’s offshore oil company CNOOC is targeting three more offshore oil and gas projects coming on stream in 2017. Revealing its business plan for 2017, the company said the capex would be $10 billion. The Chinese oil producer said on Thursday that five new projects were scheduled to begin productio
Spanish LNG terminal operator, Enagás, said that daily natural gas demand in the country had reached a record high on Wednesday due to cold weather. The cold snap that hit most of Europe did not avoid Spain bringing lower temperatures, rain, wind and snow to the peninsula. Spanish daily natural gas
Two cargo vessels have sunk offshore Philippines in two separate accidents on January 17, 2017. A cargo vessel M/V Meridian Tres sank in the vicinity of Sto Niño Dive Site, Boho, with 29 people onboard, Philippine Coast Guard informed. The Coast Guard immediately conducted search and rescue operatio
Russian energy giant Gazprom posted a net profit of 102 billion roubles ($1.7 billion) in the third quarter of 2016 as it benefited from a stronger rouble. Moscow-based Gazprom logged a loss of 2 billion roubles in the same quarter a year ago after a foreign-exchange loss. The company said its third
Australia’s Woodside Petroleum has informed that the final investment decision for the undeveloped Scarborough fields offshore W. Australia could be expected by 2020. To remind, Woodside acquired a 25 percent stake in the field from BHP Billiton in the fourth quarter of 2016. Scarborough, discovered
A convoy of four vessels, two bulk carriers and two icebreakers, is trapped by ice off the coast of Chukotka Peninsula, according to Russian Emergencies Ministry’s Directorate for the Chukotka Autonomous Area. The two bulk carriers, Johann Mahmastal and Sinegorsk, operated by Rosmorport, arrived in
Maritime and Coastguard Agency (MCA) has informed that one new vessel was detained in a UK port during December 2016 after failing Port State Control (PSC) inspection. Leo Trio, a 2,300 dwt singledecker, was detained on December 2 at Ipswich, with seven grounds for detention. The 1995-built ship is
By Ron Bousso LONDON (Reuters) – 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. Since late November, major oil companies have ann
Norway-based floating LNG giant Höegh LNG intends to issue senior unsecured bonds in the Norwegian market with maturity in February 2022. The net proceeds from the contemplated bond issue would be used for the part refinancing of the previous bond issue with ticker HLNG01 and general corporate purpo
US Wind, which plans to build a large-scale offshore wind farm off Ocean City, hosted a third meeting for offshore wind supply chain companies in Salisbury, Maryland on 9 January.
The vehicle carrier Alliance St. Louis, which suffered an engine room fire some 150 miles south of Southwest Pass, Louisiana, on January 16, 2017, is currently under tow and is heading towards Port Arthur, Texas, the US Coast Guard (USCG) informed. A tug arrived on scene on January 17 with a fire te
