Marathon Oil Corporation has achieved first gas production through its new Alba B3 offshore compression platform off Equatorial Guinea. “The Alba B3 compression project will allow us to maintain plateau production for the next two years, mitigating base decline, while extending the Alba field’s life
Following the publication of OECD’s “The Ocean Economy in 2030” report, which shows that the offshore wind market will see strong growth by 2030, Danish Shipowners’ Association has called for extending sailor tax for wind turbine vessels, so that Denmark can maintain its leading position in the fiel
Following the publication of OECD’s “The Ocean Economy in 2030” report, which shows that the offshore wind market will see strong growth by 2030, Danish Shipowners’ Association has called for extending sailor tax for wind turbine vessels, so that Denmark can maintain its leading position in the fiel
ValueAct Capital, an investment firm, has agreed to pay a $11 million settlement for violating the premerger reporting violations related to the now failed Halliburton-Baker Hughes merger. World’s second and third largest oilfield services providers Halliburton and Baker Hughes in November 2014 said
Europe’s traditional gas suppliers such as Gazprom could come under market pressure, especially from the liquefied natural gas market, according to Fitch Ratings.
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has given consent to BP Norge to extend the use of the Tambar platform in the North Sea until January 2022. PSA said on Wednesday that the consent has been granted based on BP Norge’s documentation of assessments which conclud
The UK’s RMT union workers employed by Wood Group have reportedly voted in favor of a strike action proposal. Available info shows that Wood Group oil rig workers within RMT have overwhelmingly voted in favor of a strike, as well as in favor of an action short of a strike. According to a message see
Oil giant BP has asked for more time from the Australian offshore petroleum regulator NOPSEMA to re-submit the company’s environment plan for exploration drilling in the Great Australian Bight. To remind, on May 16, 2016, NOPSEMA provided BP an opportunity to modify and re-submit the environment pla
London-listed Trinity Exploration and Production, an independent E&P with offshore and onshore assets in Trinidad and Tobago, might be forced to pay its $13 million debt, as its lenders would not provide further extensions to the payment deadline. Namely, following numerous extensions to the morator
Van Oord has installed the 100th turbine at the 600MW Gemini offshore wind farm off the coast of the Netherlands. The installation of the 150 4MW Siemens turbines started in February 2016 when Van Oord’s offshore installation vessel, Aeolus, transported the first six turbines from the port of Esbjer
Qatar’s Nakilat, the world’s largest LNG shipper, said its net profit rose 2 percent in the first half of this year as compared to the same period a year ago. The LNG shipping giant posted a net profit of 501 million riyals (US$138m) for the first half, compared to 491 million riyals in 2015. Earnin
DONG Energy has chosen ERSG to provide contract professionals to support its Danish offshore wind farm projects over the next 5 years. Nigel Wilson, Head of Offshore Wind at ERSG said: “We are delighted to have been selected once again by DONG Energy to staff their Danish projects and my account man
Offshore Energy Exhibition and Conference is this year organizing several technical session covering a plethora of subjects interesting to worldwide energy professionals. During the sessions, attendees will learn about, and discuss a range of topics on offshore oil and gas, offshore wind, tidal and
Global oil supplies rose by 0.6 mb/d in June, to 96 mb/d, after outages curbed OPEC and non-OPEC supplies in May, while production was 750 kb/d below as higher OPEC output only partially offset non-OPEC declines, International Energy Agency (IEA) has informed in its Oil Market Report for July. IEA s
