Canadian oil and gas exploration company Africa Energy Corp. has terminated a farm-out agreement with a subsidiary of Pancontinental Oil & Gas to acquire a 10% participating interest in Petroleum Exploration License 37 offshore Namibia (PEL 37). To remind, the two companies entered the farm-out agre
Belgium’s Exmar, the Nicolas Savery-led shipowner said it will take delivery of its Caribbean FLNG by the end of next month. The Caribbean FLNG is currently located at the Wison Offshore & Marine’s yard in Nantong, China. The 0.5 mtpa FLNG unit, with a 16,100-cbm storage capacity, was scheduled for
Spanish government has again boycotted a deal reached between the country’s stevedores and their employers, according to a joint statement from unions Coordinadora and Federación de Trabajadores Portuarios (FTP). After intense meetings, port companies’ association Anesco and trade unions have reache
Bremen-based shipping company Harren & Partner is set to become technical manager of Wind Lift I. The company’s Offshore Department headed by Robert Fowler will be responsible for managing the jack-up vessel starting from April.
U.S. oil giant Exxon Mobil is at it again. The company on Thursday announced “positive results” on the Snoek well offshore Guyana, confirming a new – third – discovery on the Stabroek Block. Drilling targeted similar aged reservoirs as encountered in previous discoveries at Liza and Payara, Exxon sa
European Transport Ministers have adopted a ministerial declaration on maritime transport, the European Community Shipowners’ Association (ECSA) informed. The so-called ‘Valletta Declaration’ outlines priorities for the EU’s maritime transport policy, focusing on competitiveness, digitalization and
Russia will become the world’s biggest liquefied natural gas (LNG) producer, according to President Vladimir Putin. Putin said this on Thursday during a video conference call with chief executives of Russia’s Novatek and France’s Total, the partners in the giant Yamal LNG export project. “Russia, wi
Micro Shelter Solution informed that it had participated to the radar/VTS equipment installation for the Galloper offshore wind farm foundations, all of which are now installed at the project site in the UK.
Linde Group’s unit Bomin Linde LNG will start operating under the name Nauticor, following the group’s acquisition of all of Marquardt & Bahls’ shares in Bomin Linde LNG in autumn 2016.
Deepwater oil and gas industry, generally considered an expensive investment, has managed to cut its costs to a certain level, allowing its most attractive deepwater projects to now compete with US tight oil plays, Wood Mackenzie said. However, more cuts are needed to drive the deepwater breakevens
Suezmax crude oil tanker Ambassador, which was arrested on January 19 in Singapore waters, has been put up for auction, according to Supreme Court of Singapore’s data. The court’s data shows that the closing date for bids for the 153,000 dwt vessel is April 12, 2017. The net value of bunkers on boar
Fluxys Belgium, the operator of the Zeebrugge LNG terminal, on Wednesday said its net profit dropped from €49.3 million in 2015 to €33.7 million (Approx: US$36.3 million) in 2016.
Australian oil company Karoon Gas is no longer in exclusive talks with the Brazilian state-owned oil giant Petrobras regarding the sale of interest in two fields off Brazil as Petrobras is starting a new process. On October 7, 2016, Karoon Gas Australia confirmed the award of the right to negotiate
Hamburg-based Opus Marine has won a contract to provide crew transfer services during the construction of the 385MW Arkona offshore wind farm in the German North Sea.
