Hurricane Energy, a company working to develop its Lancaster discovery located West of the Shetland Islands, has conditionally raised £70 million through a share placement with existing and other institutional investors. The company on Thursday said £70 million would be through an issuance of 205,88
Brazil’s state-owned oil and gas giant Petrobras reached ‘record levels’ in pre-salt oil and gas output during September due to production boost at the Lula and Sapinhoá fields, off Brazil. The company’s total oil and gas production in September was 2.88 million barrels of oil equivalent per day (bo
The Antwerp fire department is currently cooling the 1989-built car carrier Silver Sky which burst into flames around 00.30 am last night, the spokeswoman of the Antwerp fire brigade told World Maritime News. She added that the temperature on board is still too high to enter the ship, so the damage
InterOil Corporation on Thursday said the Court of Appeal of the Yukon stayed the Supreme Court of Yukon’s order approving the $2.5 billion takeover deal by U.S.-based energy giant ExxonMobil.
Ahead of the entry into force of the International Code for ships operating in polar waters, or the Polar Code, in January 2017, the European Community Shipowners’ Associations (ECSA) highlighted challenges that shipowners encounter while operating in polar waters. In light of reports that the traff
Australian Energy company Woodside has informed that an important move has been made towards the first production from the giant Wheatstone gas project in Western Australia. The company’s CEO Peter Coleman has said that the Julimar offshore project completed all construction and commissioning work o
Indonesian Tangguh and Bontang liquefied natural gas projects are facing oversupply for 2017 and 2018, as well as possible production cuts.
London-based Cluff Natural Resources has confirmed a ‘substantial’ increase in the prospective resources for its 100% held License P2248 (Block 43/11) located in the Southern North Sea gas basin. The company said on Wednesday that this resource upgrade follows the completion of a technical evaluatio
Doha-based Qatar Navigation (Milaha) reported a 20.8 percent drop net profit for the first nine months of 2016.
The Paris MoU organization detained two vessels in a Norwegian and a Russian port in September and October this year, respectively. Reefer vessel MV Beam was detained in Batsfjord, Norway, on September 28, 2016. The ship flies the flag of Saint Kitts and Nevis. The second detained ship is general ca
India’s imports of liquefied natural gas (LNG) increased 32.5 percent in September as compared to the same month a year ago, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). The country imported 2,375 million metric standard cubic metres (mmscm) of LNG in Septem
Australian LNG player Woodside reported a 9 percent drop in sales revenue in the third quarter 2016 when compared to the same period in 2015, due to continued effects of lower oil prices.
Clean Energy Fuels opened a new public liquefied natural gas station in Fife, a suburb of Tacoma, Washington.
ACE Winches will reveal its new 500te Linear Winch at this year’s Offshore Energy Exhibition & Conference in Amsterdam. The new 500te Linear Winch has been designed, engineered and manufactured at ACE Winches facilities in Aberdeenshire, UK. The new product is now in its final stages of FAT testing,
