Origin Energy, the owner of a 37.5 percent stake in the Australia Pacific LNG project, plans to divest its conventional oil and gas assets via initial public offering to cut debt and to focus on its energy markets and LNG business. According to a statement by Origin issued on Tuesday, Origin intends
Panoro Energy has filed a request for arbitration against its joint venture partners in OML 113 off Nigeria due to a cash call notice for a new well on the Aje field. Panoro, through its fully owned subsidiary Pan Petroleum Aje Limited (PPAL), holds 6.502% participation interest in OML 113. The part
Olympic Ship’s wholly owned subsidiary, Olympic Athene, has sold the multifunctional subsea support & construction vessel ‘Olympic Athene’ to Swire Pacific Offshore. The Olympic Athene, of MT 6022 MKII design, was built by Kleven Verft in 2013. The vessel has a length of 115,4 meters and a beam of 2
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has found a non-conformity during an audit of barrier management on Wintershall’s Brage field platform in the North Sea. The safety authority said on Tuesday that the objective of the audit, conducted on October 26 and 27, was
Four new Super Post-Panamax ship-to-shore (STS) cranes arrived at the Port of Savannah’s Garden City Terminal on December 5, 2016, bringing the port’s total to 26, more than any other terminal in the US. Counting the new cranes, Savannah now features 20 New Panamax and six Post-Panamax cranes. Anoth
UK’s Oil and Gas Authority (OGA) informed on Monday that companies can now apply for new licenses to drill for offshore oil and gas in a number of blocks in the Offshore 2016 Supplementary Round. OGA said on Tuesday that the fourteen blocks on offer in the Supplementary Round are outside of the 29th
Shareholders of both French LNG-engineer Technip and Houston-based FMC Technologies voted on Monday to approve the proposed merger between the two companies. According to a joint statement by Technip and FMC, shareholders for the two companies met in separate meetings and approved resolutions to com
A recent collaboration survey conducted by Oil & Gas UK, a representative body for the UK offshore oil and gas industry, and Deloitte has shown that nearly all (98 percent) respondents see collaboration as ‘crucial’ to their future success. Oil & Gas UK said on Tuesday that the ‘UKCS upstream supply
REN-operated Sines LNG import terminal in Portugal is to receive a fresh cargo of the chilled fuel, shipping data by the Port of Sines shows. The cargo will be delivered from Nigeria LNG’s Bonny Island liquefaction plant onboard the 175,000-cbm LNG Abuja II. The newbuild carrier delivered to NLNG th
An offtake agreement between US Magnolia LNG export project in Louisiana and Meridian LNG, a proposed FSRU-based import project in the UK, has been extended. The proposed 8mtpa Magnolia LNG and UK’s Meridian LNG have agreed to further extend the financial close date condition precedent for Magnolia
Mexico has awarded eight out of ten offered contracts for exploration and production of hydrocarbons in the deeepwater offshore Mexico as part of its first bidding round. Sixteen international companies, grouped in ten bidders, participated in Mexico’s bidding round held on Monday. The country offer
Parker Bestobell Marine has secured a contract to supply cryogenic globe and check valves for two dual-fuel Caledonian MacBrayne Ferries (Calmac) being built at Ferguson Marine Engineering in Glasgow. The new ferries will be able to operate on both liquefied natural gas (LNG) and marine diesel. The
FMC Technologies and Technip are set to finalize their previously announced merger deal after obtaining approvals from their respective shareholders. The U.S. subsea equipent provider, and the French oilfield services specialist on Monday evening issued a joint announcement saying that the companies
Clean Energy Fuels, one of the largest providers of natural gas fuel for transportation in North America said it has signed two deals to fuel LNG trucks in California and Texas. The California-based company signed a multi-year fueling agreement with Frank C. Alegre Trucking to supply LNG for their f
