Magseis, a Norwegian seismic survey company, in November said it had secured a letter of award for a project outside the North Sea region with an undisclosed client. On Tuesday, December 15, the company revealed both, the name of the client and the location of the project. Client – Petronas; Locatio
Japan’s Inpex has established a domestic exploratory drilling operations office, through which it will manage a drilling project offshore Japan. The company has made the move in order to support the Heisei 26~28 offshore drilling project commissioned by Japan’s Agency of Natural Resources and Energy
One hundred and ninety five nations signed a historic agreement on climate change on Saturday, where they pledged they would combat the climate change, and unleash actions and investment towards a low carbon, resilient and sustainable future. The main aim of the Paris Agreement is to keep a global t
Jack-up vessels Brave Tern and Bold Tern will undergo an upgrade which will enable them to handle the latest generation “multi MW” offshore wind turbines, Fred. Olsen Windcarrier informed today. The upgrade on the two vessels will be carried out within the next 12 months, with Brave Tern being the f
Jack-up vessels Brave Tern and Bold Tern will undergo an upgrade which will enable them to handle the latest generation “multi MW” offshore wind turbines, Fred. Olsen Windcarrier informed today. The upgrade on the two vessels will be carried out within the next 12 months, with Brave Tern being the f
German terminal operator Hamburger Hafen und Logistik AG (HHLA) has recorded a 11.8 percent drop in container throughput to 5 million TEU at the terminals in Hamburg and Odessa for the nine-month period of 2015, against last year’s 5.7 million TEUs. The volume decrease resulted from the 21.8 percent
Following an announcement on Monday that China has given its clearance for the proposed Shell’s $70 billion acquisition of UK’s BG Group, Shell has informed of its intention to make cuts in the merged entity’s workforce. Shell issued a statement in which it says that it expects an overall potential
Brazil’s state-owned oil giant Petrobras on Friday denied it was planning to sell 10 percent of its stake in the Libra field, in the ultra-deepwater section of Santos Basin, offshore Brazil. Citing industry sources, Reuters last week reported Petrobras was offering to sell a quarter of its 40 percen
Approximately one hundred offshore support vessels are currently sitting idle in ports located on the banks of the North Sea, both in Norway and UK. However, one offshore supply vessel owner seems to be reaping the benefits of the widespread offshore vessels stacking frenzy caused by the drop in oil
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. This would represent approximately 3 percent of the total combined group workforce should the $70 billion takeover proceed, according to a statement by Shell
Trafigura, one of the world’s largest commodities trading firms, said on Monday its LNG volumes more than doubled this year. The independent trading company boosted its LNG trade to 4.2 million mt in the financial year ended September 30, from 1.7 million mt a year ago, according to Trafigura’s annu
UAE’s Mubadala Petroleum and China’s China National Petroleum Corporation (CNPC) have penned a deal to cooperate more in the oil and gas exploration and production sector. The non-binding strategic co-operation agreement was signed during a ceremony in Beijing by Sultan Al Jaber, CEO Energy, Mubadal
Two Iranian companies have reached a final deal with a French company on floating LNG production from associated gas from the Forouzan oilfield, according to Iran’s deputy petroleum minister, Roknoddin Javadi.
Indonesia’s two LNG plants could flood the spot market with up to 60 uncommitted liquefied natural gas cargoes in 2016.
