Russian gas giant Gazprom and Japan Bank for International Cooperation (JBIC) signed a deal aimed at advancing cooperation between the duo. The memorandum of understanding was signed on Wednesday in Vladivostok by Gazprom’s head Alexey Miller and his counterpart Tadashi Maeda. The deal clarifies cer
Oil major BP has evacuated its Thunder Horse offshore platform and the West Vela drillship located in the U.S. Gulf of Mexico, as it braces for the Hurricane Irma. BP said on Wednesday that with forecasts indicating potential impact this weekend in Florida and possibly later along the southeast Atla
Dutch marine contractor Heerema Marine Contractors is going to retire and recycle its semi-submersible crane vessel Hermod at the end of the year after nearly 40 years in operation. Hermod and its sister vessel Balder, the first semi-submersible crane vessels of its kind in the offshore construction
Classification societies need to keep pace with the digitalization of the shipping industry in order to support the industry needs, according to the new Chairman of the International Association of Classification Societies (IACS), Knut Ørbeck-Nilssen, CEO of DNV GL – Maritime. “Our industry is becom
Heerema Marine Contractor’s semi-submersible crane vessel Hermod will retire at the end of this year after an operational performance of nearly 40 years. Designed and constructed in the 70’s, Hermod and its sister vessel Balder were the first semi-submersible crane vessels of its kind in the offshor
Liquefied natural gas (LNG) volumes at Lithuania’s first and only import terminal in the port of Klaipeda surged in August as compared to the same month a year before. The Klaipeda LNG import terminal regasified 2.1 terawatt hours (TWh) in the month under review, a 159 percent rise as compared to 0.
Norwegian oil major Statoil has acquired participating interests in two additional offshore frontier blocks, including one operatorship, off South Africa. Statoil entered its first license in South Africa in 2015, acquiring a 35% interest in the ExxonMobil-operated Tugela South Exploration Right. On
Thai-flagged product tanker MGT 1 was boarded on September 6 by a group of pirates who tried to take the ship’s oil cargo while the vessel was underway from Rayong port, Thailand to the Andaman Sea. The incident that took place east of Kuala Dungun, West Malaysia involved 13 armed perpetrators who a
Russian gas giant Gazprom said Thursday it signed an LNG cooperation agreement with Japanese trading firm Mitsui & Co. The two companies are to cooperate in the production, transportation and marketing of small and medium-scale LNG in Japan, as well as LNG bunkering in the Sea of Japan, according to
UK-based oil and gas company EnQuest has further cut costs on its Kraken development in the UK sector of the North Sea by $100 million. In its half year results on Thursday, EnQuest confirmed it had reduced Kraken’s full cycle gross project capex by a further c.$100 million, down to $2.4 billion, 25
Empyrean Energy has finalized the preliminary internal interpretation of the ‘fast-tracked’ processing of raw seismic data from the recently acquired 3D seismic on Block 29/11, offshore China. This preliminary interpretation has confirmed the structural validity and the potential size of the Jade an
UK-based Interocean Marine Services has been hired Azinor Catalyst to provide an integrated package of rig move, mooring and positioning services. The company is currently supporting a drilling program on board Ocean Guardian in the North Sea. Interocean’s Keith Nelson said: “We are delighted with t
Australia’s Santos and its GLNG joint venture partners will supply 30 petajoules of natural gas to the east coast domestic market over 2018 and 2019. The gas, which would otherwise have been exported as LNG, is being sold to east coast customers including power companies. Santos managing director Ke
Offshore helicopter transportation services provider CHC Helicopter has made the inaugural flight of its new Airbus H175 super-medium aircraft to the Ocean Patriot drilling rig. The Diamond Offshore-owned semi-submersible drilling rig, Ocean Patriot, is currently under a three-year contract with She
