Aker Solutions of Norway hired four LNG specialists to bolster its liquefied natural gas capabilities to capitalize on the expected surge in global demand for the fuel.
Norwegian oil services company Aker Solutions is bolstering its liquefied natural gas (LNG) capabilities to capitalize on an expected surge in global demand for the fuel as energy companies transition to a low-carbon future. According to its statement on Friday, Aker Solutions has hired four special
Heavy transportation and lifting contractor ALE has informed that it carried out the weighing, transportation and load-out of the J-tube cage and transition piece (TP) for the Rentel offshore substation (OSS) foundation at the Navacel dock in Bilbao, Spain.
Sierra Leone’s Fourth Offshore Petroleum Licensing Round will take place between mid-January and the end of May 2018. This was announced by the Director General of the Petroleum Directorate of Sierra Leone (PDSL) Raymond Kargbo during the Africa Oil Week Conference in Cape Town, South Africa. The li
Perth-based Clough said it has won a contract with Wärtsilä do develop a gas-fired power plant near Port Moresby in Papua New Guinea.
Marine geophysical company Polarcus has received a letter of intent from an unnamed client to pre-fund a multi-client XArray 3D seismic acquisition project in the Middle East. The project is due to start in the fourth quarter of this year and will run for approximately two months, Polarcus said in a
Chevron Corporation named John Frank has been named to the company’s board of directors, effective November 2.
Oil company Lundin Norway and oilfield services provider TechnipFMC will collaborate in an effort aimed at making more development projects on the Norwegian shelf profitable. The plan calls for better utilization of the expertise in both companies to identify the smartest solutions, Lundin explained
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog reported a profit of $25.4 million for the third quarter of 2017.
Vessel operating costs are expected to increase in both 2017 and 2018, according to the latest survey by international account and shipping consultant Moore Stephens. Repairs & maintenance and spares are the cost categories which are likely to increase most significantly in each of the two years. Th
First oil production from the giant Libra oil field offshore Brazil is expected to be achieved on November 15, 2017. According to Brazil’s O’Globo news paper, the new date has been shared by the Petrobras Libra Project Manager, Orlando Ribeiro. O’Globo reports that the new date marks a four month de
The pressure on LNG shipping spot rates will continue for another year on account of strong fleet growth, before strengthening in 2019 with slowing fleet growth and strong trade.
On 22 October, Fred. Olsen Windcarrier’s jack-up Brave Tern completed the turbine installation at the site of the Wikinger offshore wind farm, developed by Iberdrola. The wind farm comprises 70 Adwen 5MW wind turbines supported by jacket foundations.
Chevron-led Angola LNG project has reportedly launched a tender selling a single cargo from the 5.2 million tons per year facility in Soyo. The cargo is scheduled for loading during the October 31- Nov. 2 window, Reuters reports, citing trade sources. Bids for the tender, launched on Wednesday, must
