Ireland-based Clontarf Energy has been awarded offshore Block 18 (EG-18) as part of the Equatorial Guinea 2017 bid round. According to the company’s statement on Tuesday, Block 18 covers approximately 5,056 km2 of undrilled deep water acreage with several play types and the company’s focus will be o
On June 2, Belgium’s Antwerp Port Authority signed a memorandum of understanding (MOU) with the Port of Caofeidian in China to collaborate in the framework of the “One Belt One Road” project in which China seeks to connect its main ports and industrial cities more closely with crucial trade centers
By DNV GL Cost efficiency may continue to top oil and gas industry boardroom agendas this year, but sustainability initiatives will not be a target for making cuts, a study by DNV GL has revealed. In such a cost-driven environment, it is encouraging to find that just three per cent of the 723 senior
Vessel traffic in the Bosphorus Strait was briefly suspended on June 5 when a Malta-flagged general cargo vessel ran into trouble in the waterway. The 1986-built vessel Andre Michel 1 suffered an engine malfunction in the Garipce area of the Bosphorus shortly after noon local time. According to GAC,
The International Marine Contractors Association (IMCA) has named Heerema Marine Contractors’ Harke Jan Meek its new president. TechnipFMC’s Bruno Faure has completed his two-year term of office, and has stepped down as President of IMCA in accordance with the organization’s constitution. He will re
Canadian energy company Fortis Inc could beat its annual 5 percent growth target with new LNG and power transmission projects in the United States and Canada, the company’s chief executive said in an interview on Monday.
By Henning Gloystein SINGAPORE (Reuters) – Oil prices bounced around low levels in choppy trading on Tuesday, with Brent crude holding below $50 over concerns that a political rift between Qatar and several Arab states would undermine efforts by OPEC to tighten the market. Persistent gains in U.S. p
Offshore shipping company Nordic American Offshore (NAO) has corrected non-compliances regarding a notice from the New York Stock Exchange (NYSE). NAO said on Tuesday that it had received notice from the New York Stock Exchange, dated May 8, that the company was not in compliance with the NYSE’s con
Engineering company McDermott said it has been awarded a contract from BP Trinidad & Tobago for the Angelin gas field, located 40 kilometers off the east coast of Trinidad and Tobago.
Canada has approved a 40-year export license for the proposed Woodfibre LNG export project in Squamish, British Columbia. The announcement was made by Natural Resources Minister Jim Carr. “We know there is tremendous demand for natural gas, especially in the fast-growing countries of Asia. The appro
Lessons learned from efficiency changes made to adapt to lower oil prices must be a basis for UK’s oil and gas future that could be delivered by Vision 2035, said Oil & Gas UK CEO Deirdre Michie. Michie said during an opening session of the Oil and Gas Industry Conference on Tuesday that the focus m
First Minister of Scotland Nicola Sturgeon has welcomed new figures showing oil and gas innovation spend in Scotland almost trebled last year. According to a Tuesday statement by the Scottish Government, funding of £15.9 million from Scottish Enterprise supported 82 companies to deliver 111 innovati
The government of Australia’s New South Wales decided to release two remote areas for conventional gas exploration to deal with a potential gas supply shortage in the region.
US-based energy giant and LNG player ExxonMobil on Monday signed a production sharing contract with the government of Equatorial Guinea for a deepwater block located 36 miles west of Malabo.
