Egypt's petroleum minister said on Tuesday that a regasification vessel would leave Egypt by the end of the week, a day after Norway's Hoegh LNG said Egypt was to give up one of its two floating liquefied natural gas (LNG) terminals.The minister…
Russia's biggest independent oil producer Lukoil plans to start commercial oil production at its new Caspian field in 2023, the company said on Tuesday.Lukoil said it expected to reach peak production at the Rakushechnoye field of 1.2 million…
Wind turbine maker Siemens Gamesa announced a reshuffle of its top management on Tuesday, part of a bid to advance an ambitious cost-saving plan after a year-long board battle over issues ranging from suppliers to leadership.David Mesonero, currently managing director of corporate development…
Danish-based Semco Maritime has been awarded a 5-year service contract for the Deutsche Bucht offshore wind farm, owned by Northland Power. Alongside, Semco Maritime doubles staffing at offshore centre in Norddeich due to increasing activity…
Italian oil firm Saipem has signed new offshore E&C contracts in Azerbaijan, the North Sea and the Republic of Congo. The overall value of the contracts is approximately $400 million.In Azerbaijan, Total has awarded a SURF contract to the consortium between Saipem’s subsidiary…
Norway’s Petroleum Safety Authority (PSA) has given consent to Oil and gas company Faroe Petroleum to drill the Brasse East well off the coast of Norway, using the Transocean Arctic rig.'Faroe Petroleum is the operator for production licence 740 in the North Sea…
Irish oil and gas exploration company Providence Resources said it had encouraging reports concerning frontier exploration licence (FEL) 6/14 situated at its Newgrange offshore, some 260 kilometres off the south-west coast of Ireland.FEL 6/14 is operated by Providence Resources…
U.S. oil and gas company Anadarko, as operator of Mozambique’s offshore Area 1, has signed a deal for up to 280,000 tonnes per year of liquefied natural gas (LNG) supply with Japan’s Tohoku Electric Power company.'Anadarko and our co-venturers…
Norway-based Electromagnetic Geoservices (EMGS) has announced that Christiaan Vermeijden had decided to resign from his position as CEO due to personal reasons.According to a stock exchange notification published by the company, Bjørn Petter Lindhom has been appointed as interim CEO of the Company…
British ship insurer UK P&I Club has launched offshore cover providing a comprehensive package to meet liabilities and losses incurred by MembersThe UK P&I Club, in conjunction with Thomas Miller Specialty Offshore (TMSO), has launched a range…
DNV GL, the resource of independent energy experts and certification body, leads a consortium to update the Carbon Trust Offshore Wind Accelerator Roadmap for the commercial acceptance of floating LiDAR technology.The other members of the consortium are Frazer Nash Consultancy…
Norway's Petroleum Safety Authority (PSA) has authorized Norwegian E&P player Aker BP to use the Maersk Reacher mobile facility as a quarters facility on the Valhall field.A public statement from PSA said: 'A lot of work will be taking place on the Valhall field in the time ahead…
The shelving of Spanish energy company Cepsa's initial public offering (IPO) may damage prospects for a string of oil-related companies planning to go public.Returning Cepsa to the Madrid stock exchange this week in a flotation valuing the firm at up to 8 billion euros ($9…
Battered oil and gas drilling companies are finally seeing piecemeal signs that the prices they charge for offshore rigs are bottoming out with Brent crude selling for more than $80 a barrel and some are forecasting a full turn in the market by 2020…
German oil firm Wintershall's flagship project in Norway - the Maria oil and gas field - is not meeting output expectations due to water injection issues, the company said on Monday.The field, which started nine months ahead of schedule at end-2017…