The first out of the total of 66 GE Haliade 6MW nacelles for the Merkur offshore wind farm has recently left the manufacturer’s assembly line in France, GE Renewable Energy reported on 5 April.
Russian oil firm Rosneft has started drilling of the Tsentralno-Olginskaya-1 well at the Khatangsky license area in the Laptev Sea. In a statement from Monday, Rosneft said that the well is the northernmost drilled at the Russian Arctic shelf. The Khatangsky license area is located in the Khatanga B
American Petroleum Institute, a U.S. industry body representing oil and gas companies’ interest, has slammed the recently proposed changes to the U.S. Jones Act claiming that, if adopted, they would negatively affect the country’s offshore oil and gas industry, and lead to job cuts. The Jones Act, p
By André van der Mout, Managing Director at Oil Control Systems “How can electricity be brought to the mainland safely, undamaged and quickly?” It’s a question many offshore companies have asked with the increasing focus on wind energy as a sustainable source of energy. It’s one of the world’s faste
Premier Oil, an oil company with the main focus on the UK North Sea, has agreed to sell its subsidiary in Pakistan to Al-Haj Energy Limited. The company, working to bring online its Catcher field in the North Sea this year, is selling Premier Oil Pakistan Holdings BV, deemed a non-core asset, for $6
By Osamu Tsukimori CHIBA, Japan (Reuters) – Producers of liquefied natural gas (LNG), having shot themselves in the foot with oversupply, and facing calls for flexibility and greater competition from other fuels are taking on more risk and learning to trade, just like any other commodities dealers.
A week after weathering the impact of severe Tropical Cyclone Debbie, North Queensland’s ports of Abbot Point, Mackay and Hay Point have started returning to full operations, the state government informed. Following the passing of the cyclone, there has been damage from debris and flooding in the po
Norwegian geophysical services player Electromagnetic Geoservices (EMGS) experienced a sharp increase in vessel utilization during the first quarter of 2017 compared to the prior-year period. EMGS informed on Wednesday that its vessel utilization for the first quarter 2017 was 92% compared with 55%
Oil and gas firm Furie Operating Alaska will pay the largest Jones Act penalty in the history of the act. Furie was penalized when it transported the Spartan 151 jack-up drill rig from the Gulf of Mexico to Alaska in 2011 using a foreign-flagged vessel. The Jones Act, passed in 1920 prevents foreign
Babcock’s LGE Process has been granted the Approval in Principle from Lloyd’s Register for its LNG MR reliquefaction system named ecoSMRT.
Oil services company Wood Group expects for its cost savings stemming from a deal to acquire its compatriot rival Amec Foster Wheeler to be 36 percent higher than previously estimated. UK’s Wood Group made the offer to buy Amec Foster Wheeler for approximately £2.225 billion ($2.768 billion at curre
A fire broke out on board a containership owned by Swiss Mediterranean Shipping Company (MSC) some 120 nautical miles off Colombo harbor, Sri Lanka, on April 4, Sri Lanka Navy said in a statement. After it was alerted by the ship’s local agent, the navy deployed two fast attack craft (FAC) to fight
Electromagnetic Geoservices ASA (EMGS) has recorded an increase in the vessel activity in the first quarter of 2017, compared to the corresponding period in 2016. Vessel utilization for the first quarter 2017 was 92% compared with 55% for the first quarter in 2016. In the first quarter of 2017, EMGS
State-owned Qatar Petroleum and the U.S.-based energy giant ExxonMobil will start drilling for oil and gas offshore Cyprus next year under a new exploration and production sharing contract signed on Wednesday. The signing of the deal for offshore Block 10 in south-west of Cyprus, followed the succes
