The Government of Canada has conveyed the ownership of the Port of Liverpool, Nova Scotia, to the Province of Nova Scotia under its Ports Asset Transfer Program (PATP). This is the first port being transferred under the abovementioned program since its launch in April 2015. With the Liverpool transf
Danish energy company Dong Energy has completed its Initial Public Offering. Admission to trading in and official listing on Nasdaq Copenhagen of the shares of DONG Energy is expected to take place on June 9 2016. The company said that the final offer price was DKK 235 per offer share, valuing the c
Petrobras of Brazil on Tuesday said it began a bidding process to sell its liquefied natural gas terminals in Rio de Janeiro and Ceará, along with the thermoelectric power plants associated with these terminals.
Oil and gas industry service provider, Schlumberger named former Statoil and BG Group, now part of Shell, CEO Helge Lund as a new director on June 1, 2016.
Brazilian oil company Petrobras said that in May the company achieved the fifth biggest monthly average production ever. The company’s total production of oil and natural gas in May was of 2.83 million barrels of oil equivalent per day (boed), 5% higher than the volume produced in April (2.69 millio
Beach Energy of Australia on Thursday said it has appointed Morné Engelbrecht as its chief financial officer, effective August 29, 2016.
Statoil of Norway has on Thursday made a minor gas discovery in the 30/11-13 wildcat well, drilled by the Songa Delta drilling rig, southwest of the Oseberg South field in the North Sea.
Braemar Shipping Services Group informed that its unit Braemar Engineering appointed its executive vice president, Sheila McClain as its new managing director.
With the offshore wind industry usually meeting at workshops, seminars, conferences and other similar events, Seajacks, the owner and operator of offshore wind installation vessels, has set up a more laid-back atmosphere by organising 2016 Offshore Wind Golf Tournament. Offshore wind industry player
Iran, currently the place to be. As sanctions have been lifted, Iran has become a hot topic within the offshore energy industry. The country boasts 70 per cent of the world’s total oil reservoirs and 40 per cent of the world’s gas resources. Furthermore, Iran hold the largest hydrocarbon reservoirs
GE Renewable Energy has shared a photo showing offshore wind towers for the 30MW Block Island wind farm being arranged in a line in Providence after completing their journey from Europe to Rhode Island, US. The five-turbine offshore wind farm is being developed by Deepwater Wind some three miles off
A workshop presenting developments in resource assessment using continuous wave lidar was held over the last two days. In collaboration with Smartec, ZephIR Lidar’s Senior Sales Manager, Matt Smith, described IEC61400-12 trends and practices, complex terrain assessment and bankable data for offshore
Singapore-listed offshore vessel provider Otto Marine has finally revealed the identity of the company aiming to take over its business. A week after it was first reported that Otto has been deemed a takeover target by a company advised by RHB Securities Singapore, Otto Marine on Wednesday revealed
South Korea is launching a KRW 11 trillion (USD 9.5 billion) worth fund for state-run banks intended for the country’s ailing shipbuilding and shipping industries, the government announced on Wednesday. The banks being targeted by the fund are Korea Development Bank (KDB) and the Export-Import Bank
