Woodlands-based Anadarko on Tuesday informed it has made several changes to its leadership team.
Maersk Supply Service has sold two anchor handlers, the Maersk Puncher and Maersk Provider, as part of its divestment plan to shed as much as 20 vessels in the next year and a half. Offshore Energy Today has already reported on Maersk Supply Service’s plan to cut its fleet vessels and axe more than
Being an expert in any industry is a great responsibility. Being an expert in assessing the risk of potentially dangerous situations in an industry is an even greater responsibility. It is not only financial investments that rely on expert advice, lives also depend upon the policies and decisions ma
A wave of cargo cancellations from the US is putting additional pressure on Very Large Gas Carrier (VLGC) rates, which were previously lowered amid excessive fleet growth and weak arbitrate opportunities caused by low LPG prices, according to shipping consultancy Drewry. Three cargoes from US export
Envision Engineering & Design (Envision), a company that delivers design engineering solutions to, among others, marine renewable energy sector, has been established in Thurso, Caithness, Scotland. The company has been set up by Mechanical Engineer Liam Sutherland and Mechanical Designer Stuart Ande
New Zealand’s Ports of Auckland Limited (POAL) recorded a 6.7% decrease in its container volumes in the 2015/2016 financial year, which stood at 907,099 TEUs, due to the overcapacity in the container industry that has led to a reorganization of shipping services internationally. According to Tony Gi
The Alaska Gasline Development Corp, owned by the state of Alaska, said it plans to assume full management of the $45 billion-plus Alaska LNG Project by the end of this year. The facility to be constructed on the eastern shore of Cook Inlet on the Kenai Peninsula would receive gas via an 800-mile pi
Norwegian oil and gas giant Statoil is stepping up is efficiency improvement efforts, aiming at an efficiency potential of 600 man-years over the next three years in the offshore part of its business. Asked by Offshore Energy Today if this means more layoffs, Statoil’s spokesperson Morten Eek said t
The ExxonMobil-operated US$19 billion PNG LNG project is looking at multi-year contracts for spot sales of the chilled fuel as the project is producing above the nameplate capacity, according to Oil Search that has a 29 percent share in the JV. The PNG LNG project is producing 7.7 million tonnes per
John Magufuli, Tanzania’s president on Monday called on the state officials to expedite the development of a US$30 billion LNG project proposed in the area of Likon’go, Mchinga Lindi region.
Less than a month after the Erskine field in the North Sea resumed production, following a prolonged shut-in caused by pipeline blockage, the field has yet to reach its full output. The Chevron-operated Erskine field includes a normally unattended platform and is remotely controlled from Shell’s Lom
Norwegian oil major Statoil has signed a Sales and Purchase Agreement (SPA) with Jersey Oil and Gas and CIECO Exploration and Production to acquire 70 percent ownership and operatorship of the P.2170 license on the UK Continental Shelf. Statoil said on Tuesday that it would acquire 70 percent workin
Oil Search, the company with a 29 percent interest share in the ExxonMobil-operated US$19 billion PNG LNG project, has seen its net profit after tax plummet 89 percent to US$25.6 million in the first half of 2016.
Dutch company Tocardo is scheduled to start the in-water testing of its tidal technology at the Fundy Ocean Research Centre for Energy (FORCE) in Canada in late 2017.
