The role of oil as a vital source of energy to the world is expected to continue for the long term despite the growth of alternatives, said Amin H. Nasser, President and CEO of Saudi Aramco. At the World Petroleum Congress in Istanbul on Monday, Nasser reiterated in a keynote to heads of state, gove
Offshore Energy Today reported last week that the FSO destined for the Gina Krog field offshore Norway, had begun its long journey from Singapore. However, the images of the completed vessel were not made available by Teekay until after the article was published, so here’s a gallery now. The unit le
Ichthys Venturer, the Ichthys LNG project’s floating production, storage and offloading unit (FPSO), is preparing to depart the Daewoo Shipbuilding & Marine Engineering (DSME) yard in South Korea.
Egypt has banned all Qatari vessels from entering the Suez Canal Economic Zone in line with the country’s decision to bar Qatari ships from Egyptian ports in the aftermath of the severing of ties with Qatar. However, the passage through the Suez Canal has not been affected and it is allowed to all v
Norwegian oil company Statoil and its Canadian partner Husky Energy have not been able to find oil and gas in their latest drilling campaign offshore Canada. Statoil has said it has, together with Husky, completed a two-well exploration drilling program in the Flemish Pass Basin offshore Newfoundlan
Novatek, the developer of the giant Yamal LNG project in Russia, reported on Monday a decline of 8 percent in its gas production in the first half of this year. Russia’s second-biggest natural gas producer said in its preliminary report that the company’s natural gas production totaled 31.04 billion
The Hague-based LNG giant Shell aims to spend as much as $1 billion a year on its New Energies unit by the end of the decade as it is seeking to lower emissions. “In some parts of the world we are beginning to see battery electric cars starting to gain consumer acceptance. This has to […]
The UK and Norway are going to lift the ban on the Super Puma helicopters put in place after the fatal crash near Turøy in Norway in April 2016. The flight restrictions in UK and Norway on H225LP and AS332L2 helicopters, popularly known as Super Pumas, have been in place since April 2016, when a [&h
India’s infrastructure company, Adani Group on Sunday broke ground on its Dhamra LNG terminal at the Dhamra Port, Odisha.
“Going where the work is” has been a familiar mantra for many generations across the world, and the shipping industry is no different, according to Clarksons Research. In an analysis, the provider of data and market intelligence for shipping industry looks at the top shipowning nations and the tradi
If successful, a cyber-attack could prove catastrophic in the oil and gas sector.
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal, said the revenue from the facility during the month of June declined 3.6 percent compared to the same month in 2016.
A study by the classification society DNV GL shows that there is a “huge” potential LNG as a marine fuel in the Iberian Peninsula.
Norwegian seismic acquisition company TGS has kicked off the Crean 3D multi-client project on the Irish Atlantic Margin, using the Shearwater GeoServices 3D vessel Polar Marquis. The multi-client survey of more than 5,400 square kilometers over several blocks in Ireland’s Porcupine Basin is expected
