Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) on Friday executed a farm-out agreement for an interest in its Guinea oil exploration program. Hyperdynamics and SAPETRO, a privately held Nigerian oil and gas exploration and production compan
The UK Maritime and Coast Guard Agency has arrested the Malaviya 7 offshore vessel over unpaid wages to the crew. The vessel, owned by India’s Gol Offshore, had been detained in mid- 2016 for the same reason, but was then released following the payment of the wages, only to be detained again in Octo
By Karolin Schaps LONDON (Reuters) – Oil prices fell on Friday after a three-day rally ran out of steam due to a stronger dollar, promising to notch up the oil market’s worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC-led cuts. Brent crude futures
According to the latest statistics released by the International Renewable Energy Agency (IRENA), 2016 ended with a total of 14,081MW of offshore wind capacity in the world, 12,471MW of which has been installed in Europe.
South Korean shipbuilding giant Hyundai Heavy Industries said it has developed a new liquefied natural gas (LNG) regasification system. The shipbuilder on Friday held a demonstration ceremony for the installation of the regasification system using glycol at a 170,000-cbm floating storage and regasif
Nigeria-based oil and gas company Lekoil has secured an advance payment facility of $15 million from Shell Western Supply and Trading Limited, a member of the Royal Dutch Shell group. Lekoil said on Friday that the deal payment facility with Shell was agreed with its wholly owned subsidiary Lekoil O
The Hague-based LNG giant Shell on Friday opened a new technology hub in Bangalore, India, expanding the company’s research and development activities in Asia. The 52-acre, custom built technology centre can house up to 1,500 experts working collaboratively on projects worldwide. Shell Technology Ce
Emas Offshore is now being pressed to pay its debts arising from charter terminations for two vessels, the Lewek Toucan and the Lewek Pelican. On March 17 Emas received charter terminations for the two vessels from its respective owners, Seabird Penguin Offshore Limited and Seabird Pelican Offshore,
The new and updated edition of the Offshore WIND Vessel Directory will be launched at Seawork International in June: the Offshore WIND Vessel Directory 2017.
Following the recent launch of a new drill ship Freja in Denmark, MacArtney informed that it had provided a turnkey solution for the vessel, enabling the execution of advanced geotechnical drilling techniques and site investigations in water depths of up to 60m.
Following the recent launch of a new drill ship Freja in Denmark, MacArtney informed that it had provided a turnkey solution for the vessel, enabling the execution of advanced geotechnical drilling techniques and site investigations in water depths of up to 60m.
Following ExxonMobil’s announcement on Thursday of yet another oil discovery offshore Guyana, a company with acreage close to Exxon’s hopes to mirror the Texan firm’s success. Eco Atlantic, an oil and gas exploration company with licences in Guyana and Namibia, said it noted ExxonMobil’s statement o
Gazprom’s subsidiary, Gazprom Neft, has signed a memorandum of understanding with India’s ONGC Videsh on joint implementation of offshore projects. Gazprom Neft and ONGC Videsh, a subsidiary of India’s Oil and Natural Gas Corporation, signed the deal in the presence of the Russian Minister of Energy
Independent Oil and Gas (IOG) has moved closer to signing the sale and purchase agreement (SPA) for the UK Southern North Sea (SNS) pipeline which is expected to be used to deliver the company’s gas to shore. To remind, the company signed a memorandum of understanding for the acquisition of the curr
