UK-based energy giant BP has sanctioned the development of the Atoll Phase One project, an early production scheme to bring up to 300 million cubic feet a day gross of gas to the Egyptian market starting in the first half of 2018.
On the 20th of April, CFL launched the first out of a series of ‘Joint Runner’ type DP2 Feeder vessels named Joint Runner 1. The first vessel was built in the Netherlands and her sister vessels are presently under construction at BrodoTrogir Shipyard in Croatia. The engineering and construction of t
Global heavylift specialist ALE is expanding into full offshore barge transportation market which also encompasses brokering, chartering and hire, as well as full turnkey marine operations. ALE said on Monday that the services will be provided by the company’s own fleet, that includes 250′, 300′ and
International Marine Contractors Association (IMCA) intends to improve the integrity and quality of its common marine inspection document system (CMID) by adopting a greater degree of oversight of the system. According to IMCA, this will enable greater cooperation with the offshore vessel inspection
Shell Joins Dutch OW Consortium Aiming for EUR 70/MWh by 2030 A consortium of 16 Dutch companies and research institutes will launch an innovation program for offshore wind – GROW – with an aim to bring the cost of offshore wind further down to seven eurocents per kWh by 2030. GE Enters Into Talks t
Shell Joins Dutch OW Consortium Aiming for EUR 70/MWh by 2030 A consortium of 16 Dutch companies and research institutes will launch an innovation program for offshore wind – GROW – with an aim to bring the cost of offshore wind further down to seven eurocents per kWh by 2030. GE Enters Into Talks t
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KDB bankrolls U.S. FLNG project Korea Development Bank said it has agreed to provide US$1.5 billion for the proposed Delfin FLNG project, 50 miles off the coastline of Cameron Parish, Louisiana. Flex LNG co-founders call it quits Flex LNG, the company controlled by billionaire John Fredriksen, infor
A group of companies on Friday signed an agreement of intent to establish a Russian-based manufacturer of natural gas liquefaction equipment.
U.S. trade association, the National Ocean Industries Association (NOIA), has urged the Bureau of Ocean Energy Management (BOEM) not to remove any more areas from the 2017 –2022 OCS Oil and Gas Leasing Proposed Program claiming the nation’s energy security depends upon it. Following joint trade comm
Teekay Offshore Partners, a company providing tankers and FPSOs for the international oil and gas industry, has entered into binding agreements to issue $200 million of equity securities. The securities will be issued through two private placements. According to Teekay, both equity issuances are exp
The two day program for Offshore WIND Conference 2016 is set and a great speaker faculty is already confirmed! Leading experts from the industry like David Molenaar (Siemens), Andreas Wagner (German Offshore Wind Energy Foundation) and Alun Roberts (BVG Associates) will discuss and present global bu
By Ahmad Ghaddar LONDON (Reuters) – Crude oil prices rose on Friday for the first time in seven days, but trading remains volatile less than a week before Britain goes to the polls over its EU membership. Brent crude futures <LCOc1> were up $1.11 at $48.30 a barrel by 1142 GMT, having dropped 3.6 pe
Texas resident Roberto Enrique Rincon Fernandez, the owner of multiple U.S.-based energy companies pleaded guilty on Thursday to foreign bribery and tax charges for his role in a scheme to corruptly secure energy contracts from Venezuela’s state-run energy firm, Petroleos de Venezuela S.A. (PDVSA).
