The ruling that overturned the judgment by the Provincial Court of La Coruña (Galicia) in the Prestige oil spill case is a proof of the ill-treatment of seafarers, European Transport Workers’ Federation (ETF) and the European Community Shipowners’ Associations (ECSA) said in a joint statement. Judge
Norwegian oil company North Energy on Wednesday reported a net profit for the first quarter of the year, as opposed to a net loss in the same period last year, driven by the acquisition of Explora Petroleum. North Energy posted a net profit of NOK 94.1 million for the first quarter of 2016, compared
Spectrum, a Multi-Client seismic data specialist, has announced the completion of its 2D seismic program offshore south Somalia following the acquisition of 20,582.75 line km of data. Spectrum entered into a Multi-client master co-operation agreement with the federal government of Somalia in Septemb
Damen Shiprepair Amsterdam (DSAm), part of Damen Shiprepair & Conversion, is currently undertaking a major modification and maintenance project on A2SEA’s jack-up vessel Sea Installer, which arrived at DSAm on 10 April. The yard’s primary focus will be to upgrade the vessel’s main crane. With its in
A fire broke out at Egypt’s Port Said last night after a container ship hit a gantry crane while leaving the Suez Canal Container Terminal (SCCT), a source who wished to remain anonymous told World Maritime News. The crane’s boom collapsed onto several containers on the berth around midnight local t
LNG giant Royal Dutch Shell said it would cut jobs in Australia following the recent merger with the BG Group. Shell has earlier flagged around 2,800 job cuts worldwide following the takeover of LNG player BG. “Shell has commenced conversations with employees about business efficiency and staffing l
(Reuters) – Halliburton Co, the world’s No.2 oilfield services provider, reported a higher-than-expected adjusted profit for the first quarter as deep cost cuts helped cushion the impact of a drop in drilling and completion activity. Net loss attributable to Halliburton widened to $2.41 billion (1.6
Energy Secretary Ernest Moniz said he expects U.S. to be one of the major export players in the global liquefied natural gas market. “The U.S. Department of Energy has approved the export of over 120 billion cubic meters of LNG per year. To give you a scale, that is one-third of Europe’s use, and it
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has given Repsol consent for the removal of the Petrojarl Varg FPSO and subsea structures on the Varg field, located in the North Sea offshore Norway. Previously, Spanish oil and gas company Repsol decided to shut down the Varg
The U.S. Coast Guard said that a second round of public Marine Board of Investigation hearings into the loss of the United States-flagged cargo vessel El Faro is scheduled to start on May 16. The hearings, which will last until May 27, will focus on shipboard operations, cargo loading, lashing and s
Kosmos Energy has entered into a farm-out agreement with a subsidiary of the Hess Corporation, Hess Suriname Exploration, covering the Block 42 contract area offshore Suriname. Under the terms of the agreement, Hess will acquire a one-third non-operated interest in the Block 42 contract area from bo
U.S natural gas net imports fell to 2.6 billion cubic feet per day (Bcf/d) in 2015, continuing a decline that began in 2007, when net imports of natural gas exceeded 10 Bcf/d, according to the U.S . Energy Information Administration (EIA). While both U.S. natural gas consumption and production have
Following a thorough business review, Oil & Gas UK, a representative organization for the UK offshore oil and gas industry, on Tuesday, May 3, announced its new organisational structure that includes the reduction of a number of its teams. According to the organization, the revised business model is
Iran is cooperating with South Korea on the development of the Middle Eastern country’s offshore resources. According to National Iranian Oil Company (NIOC), an agreement was reached on Monday, with South Korean energy company Kogas, over the development of one of Iran’s ‘key gas fields in the Persi
