Russian authorities have signed a settlement agreement with ExxonMobil, settling a dispute regarding the Sakhalin-1 project at the Russian Far East. In a statement on Thursday, the Russian Finance Ministry said an amicable agreement had been signed on September 12 between Russia and ExxonMobil in a
Acta Marine has deployed two vessels on unexploded ordnance (UXO) survey projects for two future European subsea cable routes.
Acta Marine has deployed two vessels on unexploded ordnance (UXO) survey projects for two future European subsea cable routes.
Wood Group’s 2.2 billion pounds purchase of London-based LNG engineer Amec Foster Wheeler has now cleared all regulatory hurdles following an approval by Mexico’s anti-trust commission. Earlier this week, the UK’s competition watchdog approved the merger on September 12 after accepting proposals put
Last week, Port Bronka in St. Petersburg welcomed Lian Hua Song, a multi purpose ship operated by COSCO, which transited the Northern Sea Route (NSR) for the first time in the history of China-Russia relations, as part of the One Belt, One Road (OBOR) initiative. The 27,412 dwt general cargo vessel
Following last week’s disappointing results from the Fatala-1 well offshore Guinea, Hyperdynamics has provided a further update after an analysis of the logs. In its statement on Friday, Hyperdynamics’ CEO Ray Leonard said the immediate focus in the previous week was a review of the Fatala-1 well lo
Bangladesh’s Petrobangla is reportedly in discussions with Indonesia’s Pertamina to import more than 1 million tonnes of liquefied natural gas (LNG) from the latter as early as 2018. Under an initial agreement signed by the energy ministers of both countries on Friday, Indonesia will continue talks
Japanese E&P company Inpex Corporation has entered into an agreement to acquire a 40 percent participating interest in exploration license PL767 located in the western Barents Sea offshore Norway from Bayerngas Norge. Inpex said on Friday that the acquisition, arranged between the company’s subsidia
The Mexican anti-trust commission has approved the proposed merger between oilfield services giant Wood Group and its compatriot Amec Foster Wheeler. According to Wood Group, the recommended all-share transaction has received all the required regulatory and third party clearance conditions. The tran
Norway’s oil production in August was 1.4 percent below the output in August of last year, according to a report by the Norwegian Petroleum Directorate (NPD), a government agency in charge of regulating the petroleum resources in the country. The NPD said on Friday that the preliminary production fi
By Joost Jansen of LIQAL Breda based LIQAL, turnkey supplier of small-scale LNG systems, developed a skid-mounted LNG truck refuelling station that offers station operators best in class performance with the flexibility of a relocatable system at lower investment requirements for both fuelling equip
Searcher Seismic has started a multi-phase work offshore Argentina, with the first phase being an Offshore Basin Analysis Report providing a regional framework to understand the offshore basins of Argentina, assisting industry’s exploration efforts. The report has a single stratigraphic scheme with
South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, reported an 11.8 percent decrease in its domestic natural gas sales in August. Kogas said in a filing to the stock exchange on Friday it sold 1.94 million mt of LNG equivalent last month, as compared to 2.19 million mt in August
Transport Canada has issued a CAD 6,000 penalty to the vessel Petalon for an alleged non-compliance with the temporary mandatory slow down introduced by the country to prevent further whale deaths. As informed, the vessel owner has 30 days to pay the penalty or to ask the Transportation Appeal Tribu
