Brookfield Business Partners has completed the acquisition of a 60 percent stake in Teekay Offshore Partners, a provider of marine services and solutions to the offshore oil industry. To remind, Brookfield entered into the initial deal with Teekay in late July. At the time, it was said that the tota
Sibir, the second in a new generation of nuclear-powered icebreakers that will strengthen Russia’s presence in Arctic, was launched at Baltic Shipyard – part of the United Shipbuilding Corporation – on September 22. Part of the Project 22220 which is dedicated to the renewal of Russian nuclear icebr
China has imposed a ban on the export of condensate oil and liquefied natural gas to North Korea taking effect on September 23, Chinese Ministry of Commerce said in a statement on Friday. Furthermore, a restriction was imposed on export of refined oil products to North Korea from October 1 and texti
Mexican oil company Pemex has signed exploration and production contracts in shallow waters with Deutsche Erdoel AG (DEA) and Ecopetrol. Pemex said on Monday that the areas corresponded to Blocks 2 and 8 from Round 2.1, which were included in the bidding process by the National Hydrocarbons Commissi
Helix Energy Solutions’ newest DP3 well intervention vessel, Q7000, will start sea trials this week. According to the company’s social media update, the sea trials will take place in the South China Sea. The new well intervention vessel, being built at Jurong Shipyard, a subsidiary of Sembcorp Marin
Shipping confidence reached its highest rating in the past three years in the three months to end-August 2017, according to the latest Shipping Confidence Survey from Moore Stephens. The average confidence level expressed by respondents to the survey was up slightly from the 6.1 out of 10.0 recorded
Shipping consultancy Drewry has launched a new Reefer Benchmarking Club to meet the growing concerns of shippers about rising freight rates and reduced service levels at a time of carrier consolidation. As informed, the club will operate as a closed user group with “full anonymity and confidentialit
CGG has completed ahead of schedule an 11,500 sq km wide-azimuth (WAZ) survey on behalf of Pemex in the deepwater Perdido area, the company said on Tuesday. According the the seismic company, the survey has been acquired perpendicularly to existing WAZ data and the combined Imaging of this first lar
Eco Atlantic Oil & Gas has entered into an option agreement on its Orinduik block, offshore Guyana, with Total E&P Activités Pétrolières, a wholly owned subsidiary of French oil major Total. Eco Atlantic said on Tuesday that the option agreement provided Total with an option to acquire a 25 percent
For the second time in a week, EMGS has sold a Barents Sea data package. Electromagnetic Geoservices ASA said on Tuesday it had entered into data licensing agreements related to 3D CSEM multi-client data in the Barents Sea in Norway. The agreements represent combined revenues of approximately $1.5 m
After intense deliberation with various educational institutions and companies, the date for the twelfth Navingo Maritime & Offshore Career Event (MOCE) has been selected as Wednesday, March 28, 2018. WTC Rotterdam will be the scene of the largest and most complete career event in the maritime, offs
OPEC and Non-OPEC countries which have participated in voluntary production cuts since late 2016, have in August achieved the highest level of conformity, according to the the Joint OPEC-Non-OPEC Ministerial Monitoring Committee (JMMC). To remind, in December 2016 eleven (now 10) non-OPEC oil produc
Essar Ports is planning to invest some $500 million to build two liquefied natural gas (LNG) terminals within the following 18 months.
Serica Energy has informed that production from the Chevron-run Erskine field in the UK North Sea has resumed after several delays. “Serica Energy plc (AIM: SQZ) is pleased to report that production at the Erskine field recommenced at the end of last week and the field has produced continuously over
