Offshore service provider Oceanteam has completed the sale of its remaining 25 percent stake in vessel-owning company North Ocean 105 AS to joint venture partner McDermott. To recall, McDermott already held 75 percent stake in the vessel-owning company when Oceanteam in January decided to sell the r
London-based Ophir Energy on Wednesday said it has signed a $250 million reserve based lending facility with a group of banks.
Shipping confidence reached its equal highest rating in the past three years in the three months to end-May 2017, international accountant and shipping adviser Moore Stephens informed. The average confidence level expressed by respondents in Moore Stephens’ latest Shipping Confidence Survey was up t
Towage operator Kotug has recently acquired a fifth addition to its range of infield support vessels (ISVs) in Australia and East Timor. Kotug said on Tuesday that the acquisition was a part of the group’s ongoing investments in offshore support. This latest addition to the fleet, the Coral Knight,
The Foreign Minister of Qatar Sheikh Mohammed bin Abdulrahman Al-Thani said that the Gulf crisis cannot be resolved unless the “siege” is lifted. Speaking at a press conference on Monday, June 19, the Minister said that there can be no dialogue as countries that imposed restrictions on Qatar never g
UK energy company Centrica has decided to cease operations at its ageing Rough gas storage facility located in the Southern North Sea due to operational issues. On April 12, 2017, Centrica plc’s subsidiary, Centrica Storage Limited (CSL), announced that it was assessing the future pathway for Rough’
Sharjah National Oil Corporation’s (SNOC) and Uniper plan to start importing liquefied natural gas (LNG) to Sharjah through a joint venture company starting early 2019.
Italian oil company Eni has been granted three offshore blocks awarded by Mexico’s National Hydrocarbon Commission (CNH) as part of the Round 2.1. The Mexican oil regulator has received successful bids for ten blocks out of 15 on offer. Eni’s new blocks are located in the Sureste Basin, in the Gulf
The Offshore WIND Conference 2017 programme has been announced in further detail. As well as the very first speakers from Siemens, Falck, TNO, and the Ministry of Infrastructure and the Environment.
The Offshore WIND Conference 2017 programme has been announced in further detail. As well as the very first speakers from Siemens, Falck, TNO, and the Ministry of Infrastructure and the Environment.
Brazil’s state-run oil company Petrobras has settled a dispute with the Vanguard Group, one of its largest shareholders. Petrobras said on Monday its board had approved the settlement, resolving an action brought by Vanguard before the Federal Court of Pennsylvania in the U.S. According to the Wall
The 2017 Offshore WIND Conference program has been announced in further detail. As well as the very first speakers from Siemens, Falck, TNO, and the Ministry of Infrastructure and the Environment. Want to know more about the Offshore WIND Conference? Or find the answers to what will happen next? Hea
India is seeking investment in its power plants from Qatar in return for long-term LNG supply contracts commitment.
India’s imports of liquefied natural gas (LNG) declined during the month of May after previously rising for three straight months, according to the latest data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). The monthly LNG imports dropped 9.6 percent in May when compared with the s
