Oil and gas company Faroe Petroleum has completed the previously announced acquisition of interests in five Norwegian North Sea producing oil and gas fields from Dong Energy for a value lower than originally announced. Back in July, Dong Energy decided to divest ownership of five producing Norwegian
Anticipated growth in shipping emissions could, along with emissions from aviation, undo nearly half of the savings expected to be made by the rest of transport in Europe by 2030, a new independent study shows. It means that almost half of the already-inadequate emissions savings expected in land tr
Stone Energy Corporation is working to restore production from its Amethyst well in the U.S. Gulf of Mexico. However, the company said it might not be able to restore the well to its previous production levels, or at all. Stone brought the Amethyst well online in late December 2015. The project is a
Dutch offshore services firm Boskalis has reduced its ownership in compatriot Fugro. In an update on Monday afternoon, the offshore construction and installation contractor said it had cut its holding in Fugro, an offshore surveying company, to 24.9 percent. Boskalis did not say anything on the rati
Block Island Wind Farm, America’s first offshore wind farm, has finished the testing phase and will be officially put into operation this month. However, this will be done with four out of the total five turbines running, as turbine number 2 has broken down. The turbine failure was discovered during
Norwegian oil major Statoil will no longer be using Airbus’ Super Puma helicopters for its operations following a fatal helicopter accident in April this year. Reuters reported on Tuesday that the oil company would not resume using the Super Puma helicopters even if the Norwegian Civil Aviation Auth
Vessel traffic resumed in the Houston Ship Channel after it was shortly stopped due to a fire aboard the 19,508 dwt chemical tanker Jo Kiri yesterday, Reuters cited the United States Coast Guard. Houston Ship Channel was closed for an hour after the 2003-built vessel, owned by Jo Tankers AS, reporte
India has invited the biggest exporter of LNG, Qatar to invest in LNG projects in the country as it is seeking to boost the share of the fuel in its energy mix. India’s oil minister Dharmendra Pradhan met on Tuesday with Qatar’s energy minister Mohammed Bin Saleh Al-Sada at the sidelines of 5th IEF-
Ulstein reported today that operational feedback on Service Operation Vessels (SOVs) had shown SOV crews choose to operate the vessels in astern mode at least 50% of the time at offshore wind farms. The company has delivered three SOVs so far, one to Siem Offshore Contractors and two to Bernhard Sch
U.S. oil major Chevron has signed an exploration contract over an offshore block in Mexico, awarded as part of Mexico’s 1.4 deepwater bid round. Chevron, already a large Gulf of Mexico operator – on the U.S. side of the maritime border – sees the award acreage (Block 3), as one of the most significa
ScottishPower Renewables will kick off the pre-construction activities for East Anglia ONE in January 2017. Iberdrola Engineering & Construction has been appointed to undertake engineering design and is the Principle Contractor for the pre-construction and construction works. From January, work alon
ScottishPower Renewables will kick off the pre-construction activities for East Anglia ONE in January 2017. Iberdrola Engineering & Construction has been appointed to undertake engineering design and is the Principle Contractor for the pre-construction and construction works. From January, work alon
Energy services company Wood Group and Heerema Fabrication Group (HFG) have signed a Memorandum of Understanding (MoU) to offer wellhead platform development, from design to installation, hook-up and commissioning, to clients on the Norwegian Continental Shelf (NCS). Wood Group said on Tuesday that,
Australia’s Origin Energy is going to divest its upstream business to focus on its Energy Markets and Integrated gas businesses. The company on Tuesday said it would load off its conventional upstream business, serving Australia and New Zealand, via an Initial Public Offering (IPO). According to Ori
