Following the U.S. Department of Justice’s lawsuit seeking to block the proposed merger between the world’s second and third biggest oilfield services provider, Halliburton and Baker Hughes, the department has said that its investigation has revealed serious antitrust problems with the proposed deal
Ballast Water Management Convention needs just 0.18% more global tonnage With several countries signing the IMO Ballast Water Management Convention (BWMC) towards the end of last year, the maritime world held its breath in anticipation of the final ratification. It turned out to be an anti-climax be
German exploration and production player Wintershall will lower its capital expenditure in 2016. In a statement on Thursday, the company said the planned capex for 2016 would be $1 billion, down from $1.4 billion spent in 2015. “Volatility at low prices will continue in 2016. We cannot compensate fo
The Canada-Newfoundland and Labrador Offshore Petroleum Board (C-NLOPB) has issued two calls for bids in the Eastern Newfoundland and Jeanne d’Arc offshore regions. C-NLOPB, responsible for the regulation of petroleum-related activity in the Canada-Newfoundland and Labrador offshore area, made a cal
Revelations of tax avoidance and related activities, mentioned in the leaked Panama Papers this week, could lead to a change in the current climate of tacit approval for this kind of “socially damaging behaviour”, the International Transport Workers’ Federation (ITF) said. An example of such tax eva
Denmark on Wednesday awarded sixteen new offshore licenses to twelve oil and gas exploration companies. According to the Danish Energy Agency, the companies now have six years to make new discoveries that can increase the Danish oil and gas production, and thus boost proceeds to Danish economy. This
Osaka Gas of Japan is looking to sell surplus amounts of liquefied natural gas it will have in the short to medium term, according to the utility’s president Takehiro Honjo.
U.S. oil company Energy Resource Technology (ERT) has been sentenced to three years of probation, and has to pay a $4 million fine and $200,000 community service payment for violations on its Gulf of Mexico facilities in 2012. The company pleaded guilty to two felony counts of violating the Outer Co
Further expected container shipping liner losses throughout the first half of 2016, exacerbated by the awful prevailing spot and contract freight rates will lead to a major trigger point at some stage later this year, according to shipping consultancy Drewry. “This will happen either through radical
Wintershall Norge AS has received consent to use the mobile drilling facilities Island Frontier and Island Wellserver for intervention work on the Vega field. The two vessels provide light well intervention services and associated work, construction work, subsea installation work, securing of wells,
Lukoil, Russia’s largest privately owned oil company, will drill for oil in the Russian sector Baltic Sea. According to a statement on Wednesday, Lukoil’s subsidiary LUKOIL-Kaliningradmorneft has been granted exploration and production rights for an offshore block with includes D29 and D41 oil field
Novatek-operated Yamal LNG project has secured a €3.6 billion (US$4.1 billion) loan from Sberbank and Gazprombank.
By Karolin Schaps LONDON (Reuters) – Britain’s largest energy supplier, Centrica will relocate most of its energy trading staff to a central London location from its Windsor headquarter this year, a spokesman said on Thursday. About 150 of Centrica Energy Marketing and Trading’s 250 staff will move
American LNG Marketing, part of the Fortress Investment Group recently informed the US Department of Energy that its Titusville LNG facility would start operations in 2017.
