A Houston jury awarded Prime Natural Resources Inc. $41.6 million in an insurance breach of contract dispute with certain underwriters at Lloyd’s, London, over offshore oil facilities damaged by Hurricane Rita 12 years ago. According to a Monday report by the Houston Chronicles, the Houston-based pr
Following last week’s move by the Department of Interior to rescind the previous administration’s ban on seismic survey applications in the Atlantic, seismic surveyors have reportedly notched another win. To remind, the Obama administration had ordered the Bureau of Ocean Energy Management (BOEM) to
Liquefied natural gas (LNG) exports from Cheniere’s Sabine Pass liquefaction facility in Louisiana reached 143.7 billion cubic feet in the first three months of this year, the latest data from the U.S. Department of Energy shows. Cheniere’s Sabine Pass plant, currently the only such facility to ship
Saudi Arabia has ratified the Ballast Water Management (BWM) Convention, which is scheduled to enter into force on September 8, 2017. Saudi Arabia deposited its instrument of accession with the International Maritime Organisation (IMO) on April 27. The accession brings the number of contracting part
Canadian LNG project developer Pieridae Energy is looking to invest in natural gas resources to secure supply for its proposed Goldboro LNG project in Nova Scotia.
New research from Australia’s Bureau of Meteorology, in partnership with the oil and gas industry, is aiming to deliver better tropical cyclone forecasts for offshore facilities to improve safety and reduce costs. The Bureau of Meteorology said on Tuesday that the two-year research program, jointly
Spanish LNG operator Gas Natural Fenosa reported a first-quarter profit of €298 million (US$328.3), a 9.4 percent drop compared to the corresponding quarter in 2016.
Singapore’s offshore vessel owner POSH has yet to resolve its dispute with Makamin Offshore in Saudi Arabia. POSH last year started legal action against Makamin, seeking $6.6 million owed for vessel charters. This claim was dismissed by Makamin, who then filed a counter lawsuit. More here: https://b
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, raked in US$138.61 million through a public offering of 5,750,000 shares.
Offshore services provider Wood Group has been awarded a contract to support Shell in the decommissioning of the Brent Bravo platform in the North Sea. Wood Group will prepare the platform for removal via single lift methodology. This includes conductor removal, structural strengthening and installa
Following an order to Total to fix faults and deficiencies on the Martin Linge platform being constructed in South Korea, the Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has released the full audit report. It is common practice for the PSA to release the audit report be
Belgium’s Exmar, the Nicolas Savery-led shipowner is organizing investor meetings to gather support for a bond offering. The Antwerp-based company said Tuesday it has mandated DNB Markets, Pareto Securities, Nordea Bank Norge and Skandinaviska Enskilda Banken to organize a series of fixed income inv
The Spanish Council of Ministers passed on May 12 a new royal decree in another attempt to reform the port system in the country. The decree will now require a majority approval in the Spanish Parliament, which is expected to discuss the decree on May 18. Although the details of this decree have not
On 11 May, Seaway Heavy Lifting (SHL) installed the 11th set of jacket foundation piles at the Beatrice offshore wind farm in Outer Moray Firth.
