French LNG terminal operator Elengy, a unit of Engie, said it will decide on the future of its Fos Tonkin LNG terminal in 2017. The Fos Tonkin facility is Elengy’s oldest LNG import terminal. The company also operates the Fos Cavaou and Montoir-de-Bretagne LNG terminals. “Elengy will take, during th
The Norwegian Petroleum Directorate’s estimate of total discovered and undiscovered petroleum resources on the Norwegian shelf has increased with 0.1 billion standard cubic metres of oil equivalents (Sm3 o.e.) from last year to about 14.2 billion Sm3 o.e. Forty seven per cent of these resources have
China has issued a tender offering eighteen offshore blocks for exploration to foreign companies with half of those located in the Pearl River Mouth basin, in the South China Sea. The blocks cover an area of 52,257 km2 and are are available for cooperation between the national oil company CNOOC and
The Maltese Register of Shipping saw an increase of almost 8.3 million gross tonnage in 2015, representing a growth rate of 14.3 percent compared to the year before, Transport Malta, the authority responsible for the Malta Ship Register, said. In 2015 a total of 66.2 million gross tons were register
French company Total has started up production at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina. Operated by Total, the project will have a production capacity of 10 million cubic meters of gas per day (70,000 barrels of oil equivalent per day (boe/d)
Malaysia’s offshore support vessel builder, Nam Cheong, has informed that its revenues for the fourth quarter 2015 dropped by 54%. The company’s revenues dropped from RM523.9 million in 4Q 2014, to RM241.8 million in 4Q 2015. Further, the company’s net loss for the quarter was RM21.5 million, compar
James Fisher and Sons plc has been awarded a contract by Galloper Wind Farm Limited (GWFL) for the 336MW offshore wind farm, located some 27km off the coast of Suffolk, UK. Under the contract, worth in excess of £25 million, James Fisher will be responsible for marine services and support during the
James Fisher and Sons plc has been awarded a contract by Galloper Wind Farm Limited (GWFL) for the 336MW offshore wind farm, located some 27km off the coast of Suffolk, UK. Under the contract, worth in excess of £25 million, James Fisher will be responsible for marine services and support during the
French utility Total on Thursday said it has started producing gas at the offshore Vega Pleyade gas and condensate field in the Tierra del Fuego region of Argentina.
Australia’s largest oil and gas event started on Wednesday, February 24, 2016, with a number of key announcements made at the AOG 2016 Conference and educational events. At the Official Australasian Oil & Gas Exhibition & Conference (AOG) Media Breakfast, Bernadette Cullinane, Accenture’s Energy lea
Russian gas giant Gazprom said on Wednesday it had signed a memorandum of understanding with Edison of Italy and DEPA of Greece on supplying Russian natural gas to Europe via the Black Sea. The MoU was signed after a meeting in Rome between Gazprom’s Alexey Miller and Federica Guidi, Italian Ministe
Noble Energy has submitted a “very ambitious” development plan for the Leviathan, a giant gas field offshore Israel, Yuval Steinitz the Israeli Minister of National Infrastructure, Energy and Water Resources, said on Wednesday at an industry conference. Speaking at a press briefing during the IHS CE
Another offshore kidnapping has happened in the Gulf of Guinea. Two offshore workers have been kidnapped from an offshore support vessel in Nigeria. According to the owner of the vessel, France-based Bourbon Offshore, unknown assailants captured two crew members from the Bourbon Liberty 251 anchor h
The current downturn in oil prices and the industry downcycle is anything but typical, BP’s new Deputy Group Chief Executive Lamar McKay said in a speech at an industry conference on Tuesday. “Looking at oil price forward curves, people often talk about a V or a W or an L…but actually we might need
