Natural gas spot prices in the United States fell at most locations in the week ending April 26 with the Henry Hub price dropping 10¢ from last Wednesday. According to the weekly report by the Energy Information Administration released on Thursday, the Henry Hub spot price slid from $3.12/MMBtu last
Global oil discoveries fell to a record low in 2016 as companies continued to cut spending and conventional oil projects sanctioned were at the lowest level in more than 70 years, according to the International Energy Agency (IEA), which warned that both trends could continue this year. Oil discover
Halliburton, one of the world’s largest oilfield service providers, has teamed up with two companies to form an alliance to provide Gulf of Mexico customers with integrated offshore well intervention packages. Halliburton said on Thursday that the alliance was formed with Trendsetter Engineering, a
Keppel Offshore & Marine (Keppel O&M) has held a naming ceremony for the BW Offshore’s new floating production storage and offloading (FPSO) vessel, the BW Catcher. Upon its completion, BW Catcher will be on a 7-year fixed term and 18 years of options contract with Premier Oil and will be deployed t
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog reported a rise in profit for the first quarter of this year.
Belgium’s Exmar, the Nicolas Savery-led shipowner said Thursday it now expects to take delivery of its Caribbean FLNG in May. The FLNG unit is currently located at the Wison Offshore & Marine’s yard in Nantong, China. “Financing of the Caribbean FLNG and final delivery of the unit still remains subj
BW Offshore’s subsidiary, BW Energy Gabon Pte. Ltd (BWEG), has completed the acquisition of 25 percent working interest in the Dussafu production sharing contract offshore Gabon from Panoro Energy. After BWEG became the majority owner in the Dussafu license through the acquisition of a 66.67 percent
A Russian military vessel sank near the Bosporus strait following a collision with the Togo-flagged livestock carrier Youzarsif H on April 27, according to the Turkish Coast Guard. The ship in question, the Liman, reportedly sustained a rupture as a result of the collision and subsequently sank some
Offshore service vessel Island Crown has just finished a month-long walk-to-work job for Bluestream at Nordsee One wind farm in the German North Sea, Island Offshore reports.
Offshore vessel owners supporting the oil and gas industry have been hit hard by the lack of demand for their services caused by the oil industry’s downcycle and the oversupply of tonnage. Thus, the OSV players have started looking into other sectors such as renewables and fisheries to find work for
By Alex Lawler and Bate Felix PARIS (Reuters) – OPEC Secretary-General Mohammad Barkindo said on Thursday that an overhang in global oil inventories was declining but stockpiles still needed to fall closer to the five-year industry average. “While it is evident that the market rebalancing is now mov
Liquimet, an Italian unit of Gasfin Group has opened the first natural gas only refueling station for LNG and CNG-fueled heavy-duty vehicles in Italy.
Launched in 2016, Community Square on the Offshore Energy exhibition floor will offer an exciting free-to-attend program of ON AIR talk-shows and Community Café meetings on industry transformation. Think of climate change, decommissioning and reuse, renewable energy uptake, digitalization – developm
LNG engineer TechnipFMC reported a net income of US$190.8 million for the first quarter of 2017, up from $147.4 million in the corresponding quarter last year.
