Oil exploration and production company Tullow Oil has restarted production from the Jubilee field offshore Ghana following issues with a turret on the field’s FPSO, the Kwame Nkrumah. At the end of April the oil company said it was expecting for the off-take and production from the field to resume ‘
Iran is threatening to shut the Strait of Hormuz, a major choke-point for oil shipments, to US vessels and its allies if the US Navy doesn’t suspend military drills in the Persian Gulf. The intention was disclosed by deputy commander of Iran’s Islamic Revolutionary Guard Corps (IRGC), General Hossei
The Offshore Safety Awards, organized by Step Change in Safety and Oil & Gas UK, have been postponed due to the fatal Super Puma helicopter crash in Norway a week ago. Oil & Gas UK, representative body for the UK offshore oil and gas industry, announced on Thursday that the decision was made by the
Mitsui O.S.K. Lines on Friday revealed it has joined forces with Pelindo Energi Logistic in Indonesia to launch joint operation of LNG carrier Triputra.
Oilfield services specialist Weatherford is set to cut 2000 jobs, citing the need to keep costs at bay. Presenting its first quarter results this week, the company said that during the quarter it completed 78% of its latest 6.000 headcount reduction target, meaning almost 4.700 people were let go. H
Cheniere Energy posted a first-quarter net loss of US$320.8 million compared to a $267.7 net loss during the corresponding period in 2015.
Following an online poll to name UK’s new polar research vessel, the Natural Environment Research Council (NERC) has decided to use the name “Boaty McBoatface” but not for the vessel itself. Namely, the name that scored the most public votes will be given to the remotely operated subsea vehicle that
Mexican offshore driller Offshore Drilling Holding (ODH) has seen its credit rating downgraded to B-, with a negative outlook, as Fitch expects the company will have difficulties with contract renewals. Credit rating agency Fitch said the rating action reflects heightened re-contracting risk for ODH
One person died in a collision between an oil tanker and a fishing vessel off the coast of Yeosu in South Korea, the Yonhap News Agency cited coast guard. The accident, which occurred in the evening hours of May 5, involved a 62,000-ton tanker and a 4-ton shrimp boat. The deceased was identified as
McDermott, an engineering, procurement, construction and installation company, tightened its loss for the first quarter 2016 and saw a boost in revenues due to INPEX Ichthys and Saudi Aramco projects. According to McDermott’s statement on Thursday, the company’s net loss for the first quarter was $2
A 182,307 DWT bulk carrier ran aground during its transit of the Suez Canal with the Southbound convoy at about 18:50 hours local time on Thursday, May 5th. The vessel’s position and details correspond to that of 2011-built Panama-flagged Eibhlin, which was last reported to be stopped in the Suez Ca
United States Federal Energy Regulatory Commission denied Comité Diálogo Ambiental’s request for rehearing of the order permitting the construction of Aguirre LNG project.
Chevron’s platform in Nigeria’s oil rich Niger Delta was reportedly attacked by militants on Wednesday. Chevron, the operator of the join venture with the Nigerian National Petroleum Corporation (NNPC), told Reuters that its Okan offshore facility in the Western Niger Delta region was breached by un
GasLog, a Monaco-based owner and operator of LNG carriers on Thursday elected ten directors at the company’s annual general meeting of shareholders.
