Body of another oil worker who went missing after the Gunashli 10 platform explosion in Azerbaijan has been found. According to the Azeri ministry for emergency situations, the dead body was found in the Turkmen sector of the Caspian Sea. This brings a total number of recovered bodies to nine, with
KrisEnergy, an independent upstream oil and gas company, has reported an increase in oil and gas production and reserves estimates for the year-end 2015. According to KrisEnergy, its working interest production of oil and gas stood at 19,935 barrels of oil equivalent per day (boepd) as at January 1,
As the 2016 dawns upon us, the shipping industry should brace itself for yet another challenging year, according to BIMCO, as hope for a bounce-back in 2016 fades away. Despite this, the International Monetary Fund has forecast higher GDP growth rates for 2016 across the board. The shipping industry
The U.S. National Transportation Safety Board has opened the accident docket of the sunken cargo ship El Faro and released underwater images and video of the vessel as part of its continuing investigation into the sinking. The US flagged ship, owned by Sea Star Line, LLC, and operated by TOTE Servic
Oil & Gas UK, a body representing the UK offshore oil and gas industry, has informed that oil and gas production on the UKCS has seen a rise of more than seven percent in 2015 when compared to 2014. Oil & Gas UK’s chief executive Deirdre Michie welcomed confirmation of the first rise in oil [&hellip
Okea, a recently established Norwegian oil and gas company, is reportedly buying the troubled Yme oil and gas field in the North Sea. The field operated by Talisman, had been set to produce first oil in 2010, but under Talisman’s ownership has never produced a single barrel due to delays and problem
With over 3,770 estimated deaths, 2015 has been the deadliest year on record for migrants and refugees crossing the Mediterranean, trying to reach Europe, data issued by the International Organization for Migration show. In comparison, approximately 3,270 deaths were recorded in the Mediterranean in
LNG Hrvatska, the company established to build and operate the first Croatian liquefied natural gas terminal on the island of Krk concluded the public call for investment in the project.
The Dutch Port of Rotterdam saw 51 very large crude carrier (VLCCs) discharge and/or load fuel oil during 2015, 22 more of these 200,000-320,000 dwt giants than in 2014. With these, a total of 283 VLCCs visited Rotterdam during a period of ten years. Two thirds of the 51 VLCCs handled discharged cru
Shipping organizations comprising BIMCO, CLIA, ICS, INTERCARGO and INTERTANKO have launched a set of guidelines to help the global shipping industry prevent major safety, environmental and commercial issues that could result from a cyber incident onboard a ship. The cyber guidelines launched today a
Quadrant Energy has struck its first discovery since the company’s establishment earlier this year. Formed in 2015 after the acquisition by Macquarie and Brookfield of Apache Corporation’s Australian assets, Quadrant Energy has recovered rich gas from its Roc-1 well, offshore Australia, using wireli
Swiber Torunn, an anchor handling tug belonging to the offshore services provider Swiber Holdings, reportedly ran aground on January 2 in Dos Bocas port in the Gulf of Mexico. The tug was heading for the port of Dos Bocas, Mexico, where it was supposed to hide from the big waves caused by bad weathe
Norway’s Statoil and Spain’s Repsol have completed two of the transactions announced on 11 December 2015. Statoil has farmed down to Repsol a 15% interest in the Gudrun field on the Norwegian Continental Shelf. Statoil remains the operator and largest equity holder with a 36% interest. Statoil has a
Seismic survey company SeaBird Exploration has named Christophe Debouvry as new Chief Executive Officer. He will assume the position with the Company on January 18, 2016. The current CEO Dag Reynolds will be stepping down from his position with effect from January 1, 2016. Annette Malm Justad, Chair
