Japan’s Inpex will sign a heads of agreement (HOA) with Indonesia’s state-owned oil and natural gas company Pertamina, and France’s Total, on the basic principles towards participating in the Offshore Mahakam Block in Indonesia after 2018. The Japanese firm is currently engaged in the development an
Shell and BG shareholder meetings to approve the $70 billion combination are expected to take place on January 27 and 28. “Following satisfaction of the final precondition to the recommended combination and with the unanimous approval of both boards, BG is today seeking the approval of the High Cour
EMAS AMC, a subsidiary of Singapore’s Ezra Holdings, has won subsea contracts worth nearly $70 million, including work with a new client in the Middle East. The scope of work in the Middle East is for a national oil company, and includes the lift of nearly 3,000 metric tonnes of offshore structures,
Kogas of South Korea, the world’s largest corporate buyer of LNG, said its sales volume totaled 2.58 million mt in November, a drop of 15.7 percent as compared to the same month last year. Sales into the power sector were at 1.05 million mt, down 26.9 percent, while the company’s city gas sales drop
Norway’s DOF and DOF Subsea have been awarded several IMR and subsea installation contracts in the Asia Pacific and Atlantic regions, with a total contract value of around NOK 270 million ($30.8 million). In Asia Pacific, OMV New Zealand has awarded DOF Subsea an IMR contract, where the scope of wor
There will be no changes in the ownership structure of the giant Johan Sverdrup oilfield, located in the North Sea, offshore Norway. In a statement on Monday, December 21, 2015, Det norske, a partner in the field, said that the King in Council has concluded on the complaint from Det norske oljeselsk
Golar LNG Partners on Friday informed that its board has authorized the repurchase of up to US$25 million of its outstanding common units.
US-based Chart Industries on Friday said it has provided equipment for Teck Resources’ LNG pilot program.
International dry bulk shipowners seem only to scrap ships aged eighteen years or older, while some Chinese owners have scrapped ships that were even younger than that, according to the Baltic and International Maritime Council (BIMCO). Nineteen ships out of 28 ships built in 1998 to 1999 and demoli
Popular news, December 13 – 20, 2015
Tidal Energy Today has compiled the top news from tidal and wave energy industry from December 14 – 20, 2015. DeltaStream tidal device deployed off Wales Tidal Energy Ltd, a Cardiff-based tidal energy developer, has deployed its DeltaStream tidal energy device into Ramsey Sound, off Pembrokeshire, W
Shell expects 2,800 more job cuts after BG merger Hague-based gas and oil giant Shell said on Monday it expects a reduction of about 2,800 jobs after completion of the proposed merger with BG. Iran: talks completed over Middle East’s first FLNG project Two Iranian companies have reached a final deal
Overall confidence levels in the shipping industry fell in the three months to November 2015, according to the latest Shipping Confidence Survey from shipping adviser Moore Stephens. The average confidence level expressed by respondents in the markets in which they operate was 5.6 on a scale of 1 (l
Sweden’s Viking Supply Ships, a company providing offshore support vessels to oil and gas companies, is set to lose a contract for one of its anchor handlers. In a statement on Thursday, Viking Supply Ships said the charter for its Brage Viking AHTS vessel would be cancelled “due to the market condi
