Dyna-Mac, a Singapore-based provider of systems for floating production units, has filed a police report against its former employee. The company on Sunday said the police report had been lodged against one of its employees suspected for criminal conduct. According to Dyna-Mac, the ex-employee – not
A fire alarm was activated on Sunday on board Statoil’s Åsgard B platform offshore Norway. Statoil-operated Åsgard field is located on the Halten Bank in the Norwegian Sea, around 200 kilometers off mid-Norway and 50 kilometers south of the Heidrun field. The entire Åsgard field development embraces
The oil market is recovering but at a slow pace, and it could take six months for oversupply to disappear and another six to twelve months to burn excess inventories, McKinsey Energy Insight said in its recent report. McKinsey also feels OPEC’s capacity to increase production further could keep the
Scotland’s First Minister Nicola Sturgeon on Monday conducted the official opening of Statoil House in Aberdeen, the company’s new operations center for the UK Continental Shelf (UKCS). The oil and gas industry still has a strong future in Scotland, despite its current challenges, First Minister Nic
Gondan Shipyard has laid the keel for the Service Operation Vessel (SOV) that will serve as a mother ship for wind turbine technicians at DONG Energy’s Race Bank offshore wind farm in the North Sea. The keel laying ceremony marked the start of the assembly of the hull in the slipway at Gondan’s faci
JFD has decided to undergo a restructuring process which includes an internal reorganization with, as the company says, unavoidable impact on a number of functions. JFD, which comprises LEXMAR, JF Defence, Divex and the National Hyperbaric Centre and Defence Consulting Europe, said that the announce
Azeri oil company Socar has signed a memorandum of understanding with Malaysian oil and gas firm Petronas to jointly work on an offshore project in the Caspian Sea. Under the memorandum of understanding, the two companies will collaborate on exploration and eventually development and production from
DEME Group’s new multi-purpose vessel Living Stone was launched yesterday at the LaNaval shipyard in Spain by Sarah Tommelein, wife of Bart Tommelein, Vice-Minister-President of the Government of Flanders and Flemish Minister for Energy. The vessel is scheduled to be delivered in the second quarter
Recent development in the LNG market is expected to have a significant impact on both the construction of LNG carriers and the primary LNG trading routes, according to Douglas-Westwood (DW).
Lübecker Hafen-Gesellschaft, Germany’s largest port operator on the Baltic Sea that runs the public ports of the Hanseatic City of Lübeck, and Lübeck Port Authority signed a letter of intent with Russia’s LNG Gorskaya to set up LNG bunkering facilities. Under the deal, the companies plan to set up a
New Zealand’s Energy and Resources Minister Simon Bridges on Monday announced the start of the Block Offer 2017 process for awarding oil and gas exploration permits. Each year, the government of New Zealand runs the Block Offer in which companies are invited to tender for permits to explore for oil
Australia’s Quadrant Energy has drilled its Roc-2 well, offshore W. Australia, down to a total depth of 5,290 meters measured depth and the rig is preparing to run wireline logging tools. It is expected that wireline operations, including wireline formation testing, will be undertaken over the next
Amels launched Here Comes The Sun, the first yacht in the Limited Edition (LE) 272 series. The first 83-metres, and the largest yacht built by Amels to date, was towed by two tugs, from drydock to the outfitting quay on the 30 June. Montkaj, launched in 1995, was previously the largest Amels yacht,
Shenzhen Energy Transport Company, the owner of Shen Neng 1, a Chinese coal carrier which ran aground at the Great Barrier Reef in April 2010, has reached an agreement to pay $39.3 million to the Australian Government for remediation costs. The settlement is much lower of what the Government, report
