EnQuest, a UK-based independent oil and gas company, posted a significant production increase in its update for the second half of 2015. The company said its production averaged 35,022 barrels of oil equivalent per day to end of November, up 26% on the same period last year and with a 39% increase t
Panamanian-flagged containership M/V Hanjin Aqua went aground off Sangiang Island, in the Sunda Strait, Indonesia at 19:36 local time, 4th December, Melbourne-based shipping company ANL reports. The ship is reported to be carrying 2,303 TEU of cargo including hazardous waste from Port Adelaide to Ja
Australian LNG player Woodside has withdrawn its proposal to merge with Oil Search of Papua New Guinea. Woodside has in September approached Oil Search with an A$11.6 billion ($8 billion) all-share takeover plan. However, Oil Search, which has a 29 percent stake in the US$19 billion PNG LNG project,
Crude prices edged away from nearly 7-year lows on Tuesday as China reported strong commodity imports despite economic weakness, but overall the market remained under pressure due to global oversupply compounded by OPEC’s decision to keep output high.
The Bontang LNG plant in Indonesia reportedly expects less than five uncommitted cargoes of the chilled gas next year. Badak NGL President Director Salis Aprilian said the company will continue to seek buyers for the cargoes, according to a report by Reuters. He added that said some of the uncommitt
Australia’s energy company Woodside has withdrawn its offer for Oil Search takeover. Woodside on Tuesday said it had informed the Oil Search Board of the withdrawal of its proposal to merge the businesses. On September 3, 2015, Woodside provided Oil Search with a proposal to merge Woodside and Oil S
WFS Technology announced the appointment of John Vicic to the company’s Advisory Board. John retired from ConocoPhilips in April 2015 were he was Program Manager for Deepwater and Arctic Technology. He previosuly held positions at BP where he was Director and Program General Manager of Deepwater and
K2 Management has been awarded with a contract from Sønderborg Forsyning, a local Danish utility covering the municipality of Sønderborg, which is planning to build a 100-120MW nearshore wind farm. The wind farm is a part of “Project Zero” making the local community CO2 neutral by 2029. K2 Managemen
LNG business environment is still strong with an expected continuous demand growth ahead according to Khalid Sultan R. Al Kuwari, chief marketing & shipping officer of RasGas.
Polarcus, a company providing marine seismic services for the oil and gas industry, has decided to stop paying interest to its lenders while looking at options for restructuring and long-term financing. In a statement on Monday, the Dubai-headquartered company said it has initiated discussions with
Panamanian-flagged car carrier City of Rotterdam has sustained severe damage in its portside bow following a collision with a DFDS-owned ferry Primula Seaways on December 3 in the Humber Estuary. The ferry is also reported to have been considerably damaged in the crash. No injuries have been reporte
UK’s Subsea 7 will provide decommissioning services for the second phase of Centrica’s Rose and Stamford gas field decommissioning program. The fields are located in the southern North Sea, offshore UK. The project is the latest call-off contract under a partnership frame agreement signed in 2005. S
Met masts for two new Taiwanese offshore wind projects have been grouted by ITW WindGroup’s UHPC material Ducorit®, the company informed. After a met mast for the TGC project was grouted with Ducorit S5 in July, in early November, the grouting work was carried out at the met mast for the TaiPower pr
Twenty-nine offshore workers are still unaccounted for, following an explosion that hit Socar’s platform at the Gunashli field offshore Azerbaijan on Friday. According to Azeri news agency Trend, the Gunashli 10 platform was still burning on Monday, with high winds making the firefighting efforts di
