A pair of Australian oil and gas exploration companies are looking to abandon their joint interest in a license located in the Gippsland Basin, offshore Australia. On Monday, Bass Strait Oil Company Limited informed it made plans, together with Oil Basins Limited, to apply to the National Offshore P
Norwegian shipping company Solstad Offshore informed on Friday that its financing plan has been approved by the company’s banks and bondholders. The company also said that sale-and-leaseback agreement for the vessel Normand Maximus has been entered into, all on terms satisfactory to Aker Capital. Ba
popular articles
South Korea Becomes Offshore Wind Energy Producer South Korea received first electricity generated by an offshore wind farm on Thursday, September 29, 2016. Take a 360° Aerial Tour of an Offshore Wind Farm with Siemens (Video) Siemens has released a video showing a 360° flight to an offshore wind fa
Another Cheniere executive joins Souki at Tellurian Tellurian Investments on Monday said that another former executive of Cheniere Energy, R. Keith Teague, joined the company as executive vice president and chief operating officer. U.S. senators call for slowdown of LNG export approvals A number of
Det norske oljeselskap, a Norwegian oil company, and BP Norge, a Norwegian subsidiary of the British oil firm BP, have completed their previously announced merger. Det norske said on Friday morning that the closing of the transaction was scheduled to take place today, September 30, 2016. On Friday a
Offshore drillers doing business in the U.S. Gulf of Mexico might soon – well, soonish – have a ‘nearby’ deepwater port where they will be able to have their drilling rigs repaired and spruced up at a lower cost. Namely, Louisiana’s Greater Lafourche Port Commission (GLPC) is pressing ahead with dev
Malaysian giant Petronas is reportedly contemplating a sale of a majority stake in the Pacific NorthWest LNG project that has recently been awarded the clearance by the Canadian Federal government.
Puerto Rico is on its way to break cruise passenger records for the second time in three years, according to Puerto Rico Tourism Company. The island’s port of San Juan posted record passenger numbers in 2015 with the arrival of 1.5 million passengers. The port now expects to break that record in the
Houston-based LNG player, Cheniere Energy, made an offer to the board of directors of Cheniere Energy Partners to acquire the publicly held shares of the partnership not already owned by Cheniere in a stock for stock exchange.
Independent Oil & Gas (IOG), a company working to develop its Skipper oil discovery in the UK sector of the North Sea, has shared mixed results of its first operated appraisal well there. The appraisal well was completed and, IOG says, it achieved its primary objective of retrieving oil samples from
Offshore Energy’s Opening Gala Dinner and Awards Show on Monday the 24th of October 2016 has almost sold out. The offshore energy industry is curious to find out who the winners of the Offshore Energy Awards 2016 will be. Only a few Table Sponsor packages are left. Individual tickets can still be bo
Local authorities in Angola have confirmed that a field service specialist employed by Tenaris, a multinational manufacturer, and supplier of steel pipes to the oil and gas industry, died as a result of Monday’s helicopter crash. The company said earlier this week that one of its workers might have
Offshore oilfield services companies are set for a long and bumpy road ahead, Douglas-Westwood, an energy consultancy, said in its recent report. As for the onshore oilfield services, DW feels the sector has reached its nadir, and it is expected to start recovering. As said above, DW’s projection fo
