Italy’s Eni has acquired stakes in two offshore blocks in the Egyptian waters of the Mediterranean Sea. The company has been awarded a 37.5% participating interest and operatorship in North El Hammad, where it partners with BP (37.5%) and Total (25%), and a 50% participating interest in North Ras El
Blue Stream Pipeline Company, a subsidiary of the Russian energy giant Gazprom, has awarded Fugro a contract for inspection of the Blue Stream pipeline in the Black Sea. The contract calls for the provision of survey support vessels and associated survey services to perform the 2015 external pipelin
Norway’s Ocean Installer has been awarded a Regional Framework Agreement with BP for subsea work in the Gulf of Mexico region. The agreement covers subsea fabrication, transportation and installation of offshore facilities, as well as hook up and commissioning, and is valid for three years. Specific
Ulstein has today revealed its new dynamically positioned multipurpose construction vessel of the S182 design, suitable for shallow water operations. According to the company, the main design driver was to develop a DP vessel with good capabilities to support various offshore operations, including c
Santos, an independent energy company from Australia, on Monday announced further workforce reductions. The company said its workers in Eastern Australia business would be affected by this round of cuts. Santos explained the move was a part of its ongoing drive to cut costs across the company in the
The U.S. Securities and Exchange Commission said it has charged a vice president at a Cheniere unit and his friend with insider trading in the Houston-based LNG player in 2011 and 2012. “The SEC has charged Nicolas Zanen, Vice President of Trading at a subsidiary of Cheniere Energy, Inc., and his co
Østensjø Rederi has been awarded a Service Operation Vessel (SOV) contract by DONG Energy. The contract will require a new build vessel for operations at Race Bank offshore wind farm in the UK. The contract has a five-year firm period with five optional years. Commencement date is set for 1 Septembe
Østensjø Rederi has been awarded a Service Operation Vessel (SOV) contract by DONG Energy. The contract will require a new build vessel for operations at Race Bank offshore wind farm in the UK. The contract has a five-year firm period with five optional years. Commencement date is set for 1 Septembe
Trinidad and Tobago LNG, a unit of state-owned National Gas Company (NGC), issued a revised invitation for companies to bid for a single spot cargo.
Norway’s Statoil with partners Petoro and OMV has initiated the world’s first wet gas compression on the seabed of the North Sea Gullfaks field. According to Statoil, the technology will increase recovery by 22 million barrels of oil equivalent (oe) and extend plateau production by around two years
North Energy ASA has signed a sale and purchase agreement with Pure E&P Norway AS, whereby North Energy sells its 10 per cent interest in production licence (PL) 708 to Pure. According to North Energy, this transaction forms part of its current strategic process, where attention is concentrated on e
The Hong Kong Shipping Register passed the 100 million gross tonnage mark at the end of September with a total of 2,449 ships registered. The register is the fourth largest in the world. The Hong Kong Marine Department said that as a result of the register’s quality control system, the Port State Co
The Hong Kong Shipping Register passed the 100 million gross tonnage mark at the end of September with a total of 2,449 ships registered. The register is the fourth largest in the world. The Hong Kong Marine Department said that as a result of the register’s quality control system, the Port State Co
Swiss company Ineos has agreed to acquire a portfolio of natural gas assets in the North Sea from a UK subsidiary of DEA Deutsche Erdoel AG, which is part of the LetterOne Group, owned by the Russian billionaire Mikhail Fridman. Ineos will buy gas fields, including the Breagh and Clipper South field
