Australia’s Santos said on Monday it has initiated a $3.5 billion cash raising to plug the debt holes caused by low oil prices.
In the U.S. District Court for the Eastern District of Louisiana, the Department of Justice (DOJ) on Friday dropped all obstruction of justice charges against former BP engineer Kurt Mix related to the BP Deepwater Horizon oil spill. Kurt Mix was a drilling and completions project engineer for BP. F
The Dutch 144MW Westermeerwind offshore wind farm has produced first electricity. The milestone was achieved last week using the 44km of electricity cables installed by VBMS. Also, Siemens has installed a total of 17 out of 48 of its 3 MW turbines. When completed the 144MW wind farm will be able to
The Dutch 144MW Westermeerwind offshore wind farm has produced first electricity. The milestone was achieved last week using the 44km of electricity cables installed by VBMS. Also, Siemens has installed a total of 17 out of 48 of its 3 MW turbines. When completed the 144MW wind farm will be able to
As a response to the negative impact of the European Union’s regulations on the UK’s shipping industry, the UK Chamber of Shipping has called on the country’s Prime Minister David Cameron to make efforts to attain the full potential of the single market, as well as to review unnecessary regulation.
The UK Catering Offshore Trade Association (COTA) has made a new offer to its employees, following a strike warning which threatened to affect the UK offshore oil and gas operations. According to Unite, the UK’s largest offshore workers’ union, the offer could avert industrial action and end a long-
Japan’s Mitsui & Co will buy a 35% working interest in the Kipper gas and condensate field from Australia’s Santos for A$520 million ($367 million). The Kipper field, operated by ExxonMobil, is located in the Gippsland basin, approximately 45 kilometers off the coast of Victoria, Australia. Producti
TransAtlantic AB, a subsidiary of Swedish Viking Supply Ships, has reached an agreement to divest its container operation to Singapore’s feeder owner X-Press Feeders and, in a separate transaction, to divest ship management operations to Sweden-based ship operator AtoB@C. The container operations to
Gas transportation trough the Nord Stream Line 2 has been stopped after “a piece of munitions” was discovered near the pipeline. According to the operator of the pipeline carrying Russian gas to Europe trough the Baltic Sea, the object was discovered close proximity to the Nord Stream Line 2 on 6.11
Australian LNG player, Santos named the current CEO of engineering company Clough, Kevin Gallagher, as the new managing director and CEO of Santos.
Cheniere’s CEO Charif Souki sold 200,000 shares of the company’s stock on the open market in a transaction dated November 5. The shares were sold at an average price of $46.20, for a total value of about $9.2 million, according to a SEC filling. Souki now directly owns 3,500,089 shares of Cheniere’s
Australian energy company Santos has appointed Kevin Gallagher, currently CEO of engineering services group, Clough, as the new Managing Director and CEO of Santos. Gallagher is expected to join Santos in early 2016, subject to agreement on a release date with Clough. Santos Executive Chairman, Pete
Solstad Offshore, a Norwegian owner of offshore support vessels, has launched its new construction support vessel “NB 830”, that will be named Normand Maximus. According to Solstad, the vessel is now preparing for transfer to Norway. The hull was built at Vard Tulcea in Romania, while the completion
The UK Oil and Gas Authority (OGA) has approved a subdivision of Licence P1368, West of Shetland, into four subareas to Hurricane Energy, the UK-based oil and gas company. The Licence P1368 was divided as follows: P1368 Central – containing the Lancaster basement discovery; P1368 North – containing
