Subsea services company Acteon has launched a new service offering to directly address the demands and changing conditions of the global oil and gas industry. According to a press release, Acteon Field Life Service (FLS) offers a “joined-up” approach to the capex and opex challenges presently being
The U.S. Federal Energy Regulatory Commission has on Friday released a favorable environmental assessment for Kinder Morgan’s $2.1 billion Elba liquefaction and export project. Kinder Morgan units Elba Liquefaction Company (ELC), Southern LNG Company (SLNG), and Elba Express Company (EEC) are planni
Far Ltd has informed that the oil contingent resource estimates for the SNE oil field have been increased. The company commissioned RISC Operations to prepare an Independent Resources Report for Far’s SNE oil field offshore Senegal. The project is operated by Cairn with 40% stake. Other partners are
Arctech Helsinki Shipyard last week started the construction of the hull of of the first icebreaking stand-by vessel it is building for a Russian client. Newbuilding 512 is the first of three icebreaking stand-by ships Russia’s largest shipping company Sovcomflot has ordered. Vessels will be operati
New York-based Hess Corporation has reportedly sold Shannon LNG, a proposed €600 million LNG import facility in Ireland. According to a report by Ireland’s Sunday Independent, the buyer of the proposed terminal on the Shannon Estuary in Co Kerry is currently not known. Shannon LNG has planning permi
The U.S. Department of Energy (DOE) has issued final authorization for LNG Limited’s Bear Head LNG project to export liquefied natural gas to countries that do not have free trade agreements with the United States. This approval, in addition to DOE’s prior approval for exports to FTA countries, now
Brent oil price reached lows of $27/bbl in mid-January, but has recovered over the past two weeks to above the $30/bbl mark. Nevertheless, volatility is expected to remain as the market is yet to find a new equilibrium. So far, only modest cuts in US shale production have been realised, and global o
Vroon, a Dutch provider of offshore support vessels, has taken delivery of VOS Sugar, the newest addition to the Vroon Offshore Services fleet. The vessel was handed over to the company in a ceremony held on Tuesday February 2, 2016 at Fujian Southeast Shipbuilding in China. VOS Sugar is a DP2, SPS-
French gas and oil giant Total has started-up production from the Laggan and Tormore gas and condensate fields, located in 600 meters of water in the West of Shetland area. The fields will produce 90,000 barrels of oil equivalent per day (boe/d), Total said in a statement posted on its website on Mo
Sea Worker Capsizes off Denmark Due to harsh weather, the offshore installation vessel Sea Worker has capsized during the night between Tuesday and Wednesday. VIDEO: How Big is Hornsea Project One? After reaching the Final Investment Decision for the 1.2 GW Hornsea Project One offshore wind farm ear
Tidal Energy Today has compiled the top news from tidal and wave energy industry from February 1 – 7, 2016. Indian push for tidal lagoons Gupta family interests have committed to an eight-figure investment over time in the development of tidal lagoon power plants in the UK and India. The agreement a
Shell delays LNG Canada FID The Hague-based energy giant Shell said it is postponing final investment decision on its multi-billion LNG Canada project in British Columbia to late 2016. Chevron CEO: Angola LNG to ship LNG cargo in 2nd quarter The Chevron-operated $10 billion Angola LNG project is exp
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Due to the outbreak of the Zika virus, the maritime industry is on standby for any symptoms of the virus that vessel crewmembers or passengers might be experiencing, according to US-based GAC. As the World Health Organization designated the Zika virus as a global public health emergency, all vessel
