UK North Sea Catcher field, Premier Oil’s crown jewel set to start oil production in 2017, might achieve higher plateau output rate than initially anticipated. According to Premier Oil, ten wells have been drilled to date at the project. The drilling results have led the operator to be optimistic th
US LNG export player Cheniere said its unit Cheniere Corpus Christi Holdings intends to offer US$1 billion principal amount of senior secured notes due 2027.
Australia has released 21 new offshore petroleum exploration areas in 2017. The Minister for Resources and Northern Australia, Senator Matt Canavan has revealed the latest offshore petroleum exploration areas at the 2017 APPEA Conference in Perth. The majority of the 2017 Release Areas are located a
US-based energy giant Chevron has shut down the first liquefaction train at its multi-billion Gorgon LNG plant on Barrow Island in Western Australia. “Production on Gorgon Train 1 was stopped on May 12th due to a failure of a flow measurement device,” Chevron’s spokesman told LNG World News in an em
Italian energy giant and LNG player Eni has started gas production from the Jangkrik development project, in deep water offshore Indonesia. The project comprises the gas fields Jangkrik and Jangkrik North East, located in the Muara Bakau block, Kutei basin, in the deep water of Makassar Strait. Prod
TMC Compressors (TMC) has been awarded a contract by Samsung Heavy Industries (SHI) to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean yard is building for Höegh LNG.
Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA) to modify the Heidrun tension leg platform off Norway to be able to receive gas from DEA Norge’s Dvalin development. Statoil has now received consent to modify parts of the production plant at the Heidrun TL
Russian independent natural gas producer, Novatek is developing the giant Yamal LNG project on the Yamal Peninsula.
By Chen Aizhu BEIJING (Reuters) – Saudi Arabia and Russia, the world’s two top oil producers, agreed on Monday to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. The timing of the announcement ahead of OPEC’s next official meeting
Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic surged by 10% year-on-year in the first quarter of 2017, fuelled mainly by spikes in imports and exports from China. The CTS numbers point to intra-regional trade as the primary driver of growth w
UAE-based Topaz Energy and Marine has said its Topaz Resolve offshore vessel has started a charter in the Mediterranean Sea. The multi-purpose supply vessel is supporting a geophysical and geotechnical survey operations in the Mediterranean Sea for a European oil major, Topaz said, without revealing
By John Spee, Investment Projects & Acquisition at Noord-Holland Noord The Dutch harbour city Den Helder has grown the last 40 years into a key offshore hub for the Central and Southern North Sea. Now with the transition from Oil & Gas to renewables on the horizon, the region sees a leading role for
The trade growth from Asia to Australasia is starting to slow down in 2017 with exports from North Asia taking the worst hit, according to the shipping consultancy Drewry. First quarter 2017 year-on-year growth for all of Asia to Australasia container shipments was 2%; the weakest in five quarters,
Atlas Professionals is the exclusive supplier for marine crew to Bibby Marine Services’ new Service Operations Vessel (SOV) Bibby WaveMaster 1. The two-year agreement will commence in July 2017, the marine energy HR service provider informed.
