Swedish oil company Lundin Petroleum plans for its 2017 development, appraisal and exploration budget of $1.3 billion, an increase compared to $1.08 billion in 2016, to focus on Norway. As at December 31, 2016, Lundin’s proved plus probable working interest reserves are 743.5 million barrels of oil
Australian LNG player Woodside said its production of the chilled fuel reached a record high in 2016 rising 6 percent from the year before. Woodside’s 2016 LNG production hit 63.7 MMboe (million barrels of oil equivalent), the company said in its full-year report on Thursday. Production of LNG is ex
UK’s Oil and Gas Authority has extended UK Oil & Gas Investments’ (UKOG) P1916 license offshore Isle of Wight in the Wessex-Weald Basin. UKOG said on Thursday that it was granted a one-year extension to the initial term of the company’s offshore P1916 license to January 31, 2018. The license had alr
China’s oil and gas producer and LNG stakeholder, CNOOC said Thursday it plans to raise its capital spending in 2017 as oil and gas prices improved allowing the company to move forward with new projects. The company said it in a statement it would raise capital expenditure to 60 billion to 70 billio
After oil discoveries offshore Guyana came into the spotlight in recent months, the Ministry of Natural Resources has decided to form a Petroleum Directorate. Guyana and its oil prospects have received a lot of attention in recent months after the U.S. oil giant ExxonMobil declared that its world-cl
Preparations for the Offshore Energy Exhibition & Conference (OEEC) are underway and now is the time to join the largest European event covering the whole offshore energy mix. With oil & gas, offshore wind and marine energy all assembling at this event, which creates the ideal place to display your
First six transition pieces (TPs) for the Walney Extension offshore wind farm were loaded onto a barge and sent off from Teesside, where Offshore Structures (Britain) is based, the company’s spokesperson confirmed to Offshore WIND. The company, a joint venture between EEW SPC and Bladt Industries, w
Siemens has awarded CHC Group with a contract for helicopter services in support of the work at the Veja Mate offshore wind farm in the German part of the North Sea, which is currently in the turbine installation phase.
Siemens has awarded CHC Group with a contract for helicopter services in support of the work at the Veja Mate offshore wind farm in the German part of the North Sea, which is currently in the turbine installation phase.
Dresser-Rand, part of Siemens Power and Gas, has commissioned its first micro-scale natural gas liquefaction system at the Ten Man LNG facility in Pennsylvania, U.S.
Following Greenpeace’s protest against a seismic survey offshore New Zealand, Schlumberger has responded with claims the survey is being carried out with a wide range of measures for minimizing the impact to marine mammals. The company also asked all third parties “to refrain from any action that co
Fred .Olsen Windcarrier’s jack-up vessel Brave Tern has arrived at the Wikinger construction site after sailing out last night, a spokesman from Iberdrola told Offshore WIND.
Shipping company Siem Offshore has canceled another order for a platform supply vessel (PSV) made in Poland. The company ordered four dual fueled PSVs of VS 4411 DF design from Poland’s Remontowa Shipbuilding over three years ago, in December 2013. This type of platform supplier has an overall lengt
LNG production at Trinidad and Tobago’s Point Fortin liquefaction and export facility dropped 36 percent in November as compared to the same month a year ago due to ongoing gas supply shortfalls in the country. Atlantic LNG’s 14.8 mtpa facility produced 1.83 million cubic meters in November, as comp
