Chevron informed on Wednesday that liquefied natural gas (LNG) production at the Gorgon Project on Barrow Island off the northwest coast of Western Australia has been temporarily halted due to mechanical issues and a restart is expected within 30-60 days. The mechanical issue is with the propane ref
SBM Offshore, a provider of floating production solutions to the offshore energy industry, has informed that the Brazilian authorities have confirmed the settlement regarding bribery probe involving SBM Offshore CEO and member of the supervisory board. SBM Offshore disclosed in January 2016 that its
Carnarvon Petroleum has secured a 100% interest in a newly awarded offshore exploration permit, WA-521-P, located in the Roebuck Basin and positioned immediately adjacent to the Phoenix/Roc acreage on Western Australia’s North West Shelf (NWS). Carnarvon Managing Director and CEO, Adrian Cook said,
Energy giant Chevron said on Wednesday it expects to resume production at its US$54 billion Gorgon LNG project in 30-60 days after the Barrow Island facility was shut down due to mechanical problems.
Norway-based shipping company Atlantic Offshore informed it sold its ‘Ocean Clever’ supply vessel. The 1975-built multi-role supply vessel will, according to Atlantic Offshore, go to Denmark for recycling. The vessel has been laid up since September 2015. The company, which now operates a fleet of 1
By Susanna Twidale LONDON (Reuters) – British prompt gas prices fell on Tuesday as forecasts for high wind power output curbed demand and gas imports from Europe remained strong. Gas for instant delivery fell by 0.12 pence per therm to 27.30 p/therm by 0813 GMT, while the day-ahead contract fell by
IHI E&C said it has been awarded a contract for the engineering, procurement, construction, commissioning and startup of Kinder Morgan’s natural gas liquefaction project at Elba Island, near Savannah, Georgia.
DryShips, a shipping company, and the largest shareholder in the offshore driller Ocean Rig, is selling its shares in the drilling company. In a statement issued on Tuesday, Dryship said it agreed to sell all of its shares in Ocean Rig UDW Inc. to „unrestricted subsidiary“ of Ocean Rig for total cas
Zennor Petroleum, formerly known as MPX E&P Ltd, an independent UK based oil and gas company, has spudded an appraisal well in the UK North Sea. The well 21/5c-7 is located in the licence P2013. Zennor is using the Transocean Sedco 704 drilling rig for the operation. This is an appraisal well on the
Oilpro.com, a social media website for oil and gas professionals and enthusiasts, has come back online, after it had gone offline following the arrest of its founder, David Kent. A message on the website last week had said that the Oilpro.com was down due to “an outage.” To remind, David Kent was ar
Global LNG trade hit record high in 2015 driven by new volumes from Australia and Indonesia, GIIGNL, the International Group of Liquefied Natural Gas Importers said in its latest annual report. According to GIIGNL, global LNG trade has grown by 2.5% in 2015, with total quantities reaching an all-tim
DNV GL foresees an increasingly automated, digital and smarter future for the oil and gas industry, in its Technology Outlook issued on Tuesday.
Following recent reports of Kvaerner’s involvement in a major international oil industry corruption scandal including Monaco-based company Unaoil, the Norwegian company has denied the allegations. In a statement on Tuesday, Kvaerner said: “Media has brought forward allegations about Unaoil’s busines
Inpex, Japan’s largest oil and gas exploration and production company, has downgraded its financial forecasts for the fiscal year which ended on March 31, 2016, citing impairment losses and recent performance trends. The company said it would recognize impairment losses on some of its upstream asset
