A bulk carrier experienced a blackout while transiting the Suez Canal on October 4, GAC said, referring to the information provided by the Suez Canal Authority. As explained, the blackout occurred at about 12.09 hours local time. The unnamed bulker was the sixteenth in the southbound convoy, accordi
Russian president Vladimir Putin is not ruling out a possible further extension of the agreement between OPEC and Non-Opec nations to cut oil production once the deal expires in March 2018. In a speech on Wednesday, during the Russian Energy Week event, Putin said that the deal Russia, other countri
Oil and gas operators in the U.S. Gulf of Mexico are securing their offshore facilities and evacuating non-essential personnel due to Tropical Depression 16. BP said in an update on Wednesday it was closely monitoring Tropical Depression 16 to ensure the safety of its personnel and operations in the
Malaysian energy giant and LNG player Petronas is looking to sell some of its oil and gas assets owned by its Canadian unit Progress Energy. The move by Petronas comes just months after it ditched plans to build the $27 billion Pacific NorthWest LNG project on Lelu Island in Canada’s British Columbi
Brazilian offshore vessel owner Grupo CBO has named the Bossa Nova anchor handler at a ceremony in Itajai, Brazil. According to Havyard, which provided the design for the vessel, the ceremony was held at the Oceana Shipyard, and the vessel is now on its way to Rio de Janeiro to complete its final te
NextDecade Corporation, a company focused on LNG exports, executed agreements with Cameron County, Texas, securing tax incentives for its Rio Grande LNG project at the Port of Brownsville.
BP has been given more time to decide if it wants to take equity in Cue Energy Resources’ offshore block in Australia. Cue said on Wednesday that the deadline for BP to exercise the equity option over exploration permit WA-359-P granted to BP in October 2016 and due to expire on the October 25, 2017
Two oilfield services providers, Petrofac and Danos, have signed a Memorandum of Understanding (MoU) to progress discussions towards the formation a Joint Venture (JV) agreement. The alliance will allow the pursuit of joint opportunities to deliver services across the oil and gas asset life cycle, w
The Society for Gas as a Marine Fuel (SGMF) signed a memorandum of understanding with Australia’s LNG MFI to jointly promote the use of liquefied natural gas as fuel.
Australian shipbuilder Austal has signed an agreement with compatriot ship designer Incat Crowther, establishing a formal strategic alliance between the two companies. Austal said on Thursday that the alliance formalized the relationship between the two companies that saw five commercial vessels con
Two people have been injured earlier today in an explosion that occurred on board a dredging vessel some two nautical miles South of Dodman Point, Cornwall. “Just before 1pm today, UK Coastguard received a call from a dredging vessel reporting that they’d had an explosion on board. It is believed th
Woodlands-based Anadarko, the developer of the giant Mozambique LNG project, announced on Wednesday several changes to its leadership structure. Since the beginning of 2015, Anadarko has sold nearly $7.5 billion of non-core assets in order to reposition and focus its business to deliver better retur
Erin Energy has obtained funding commitment to drill its high-impact Miocene exploration well offshore Nigeria and temporarily suspended the hook-up of the Oyo-9 well due to delays in the release of the remaining funds. Regarding its Miocene exploration well, the oil company informed on Wednesday th
The installation of jacket foundations at the Beatrice offshore wind farm is now suspended as Seaway Heavy Lifting’s vessel Oleg Strashnov left the site on 2 October and Stanislav Yudin’s re-mobilisation for the work is awaited.
