South Korea is moving forward with plans to promote the use of liquefied natural gas (LNG) as fuel for vessels in a push for green shipping and to comply with the International Maritime Organization’s sulfur cap. The country’s Ministry of Oceans and Fisheries said in a statement it will sign a colla
Brent oil price has shot over $65 a barrel for the first time since mid-2015 following the shutdown of North Sea’s largest pipeline. As previously reported, Ineos, the operator of the Forties Pipeline System used for the transportation of the UK North Sea crude, has decided to close the pipeline aft
Singapore’s O.G. Oil & Gas (“OGOG”) has managed to secure the minimum acceptance threshold under its partial takeover offer for New Zealand Oil & Gas. According to OGOG’s statement on Tuesday, the acceptances when combined with its current shareholding in New Zealand Oil & Gas total more than 62% of
Australia’s Santos will partially fund and operate a 3D seismic survey over what it described as the exciting, undrilled Beehive prospect, the Bonaparte Basin offshore Western Australia. The other part of the funding will come from the French oil major Total. This will earn Santos and Total an optio
Pemex has decided to delay the farm-out process for the Nobilis-Maximino deep-water block offshore Mexico.
France’s Total and Australia’s Santos have entered a deal with Melbana Energy to fund a seismic survey over the Beehive prospect offshore northern Australia in exchange for the option of acquiring an 80 percent interest. Melbana’s Beehive prospect in the WA-488-P licence, which sits in the Joseph Bo
Forties Pipeline System that carries the UK North Sea oil to the shore for processing will be shut down for weeks after a crack was recently discovered in the onshore section. Ineos, which acquired the pipeline late in October, discovered the crack last week during a routine inspection Red Moss near
Norwegian offshore shipping company Solstad Farstad has sold one of its anchor handling tug and supply (AHTS) vessels.
Russia’s largest independent gas producer and LNG developer, Novatek signed a deal to acquire OOO Chernichnoye from Oil Company “Mangazeya” JSC. OOO Chernichnoye holds the hydrocarbon exploration and production license for the Chernichnoye field located in close proximity to Novatek’s infrastructure
OOS International has signed a memorandum of understanding (MoU) with China Merchants Industry Holdings (CMIH) for the design and construction of the new Semi-Submersible Crane Vessel (SSCV), the OOS Zeelandia. OOS has revealed the OOS Zeelandia during the EU-China Blue Industry Cooperation Forum on
Trafigura, one of the world’s largest commodities trading firms, said its LNG volumes rose 27 percent in the 2017 financial year as the global market continued its expansion and the company boosted its LNG trading capabilities. The independent company traded 8.1 million mt in the financial year that
ExxonMobil has discovered oil in its EG-06 block offshore Equatorial Guinea. This was revealed on Monday by the country’s energy ministry which said that the well had been drilled in October 2017, and that ExxonMobil was assessing potential commerciality. Avestruz-1 is located approximately 160 kilo
Dutch company OOS International is looking to build what is says will be the world’s largest semi-submersible crane vessel.
Jan De Nul and Iemants have completed the two gravity-based foundations for Kriegers Flak substations. The steel structures, designed and built by Iemants (Smulders), have been placed on top of their corresponding concrete structures and the foundations are now being prepared to be transported from
