Offshore Energy News - page 376

 

Tango FLNG En Route to Argentina

Dec 27, 2018

Belgium based EXMAR announced Thursday that its floating liquefied natural gas (FLNG) facility has left China for a 45-day voyage to the destination of its liquefaction operations at the Port of Bahia Blanca in Argentina.The barge-based Tango…

Woodside Enters FEED for Pluto Train 2

Dec 27, 2018

Australia's largest independent oil and gas company Woodside said it has awarded a contract to Bechtel (Western Australia) Pty Ltd to undertake front-end engineering design (FEED) for its proposed brownfield expansion of existing Pluto liquefied natural gas (LNG) facilities…

Oil Slips Back Toward 18-month Lows

Dec 27, 2018

Oil prices fell on Thursday after rebounding 8 percent in the previous session, as worries over a glut in crude supply and concerns over a faltering global economy pressured prices.Brent crude oil dropped $1.67 a barrel, or 3.1 percent, to a low of $52…

Africa's FPSO Market Destined for Growth

Dec 27, 2018

Despite the lingering volatility of global commodity prices, Africa's offshore oil and gas industry has continued to expand, albeit not as fast, opening up more market opportunities for floating production storage and offloading (FPSO) vessel manufacturers and suppliers…

Indonesia Grants New Oil Blocks Contracts

Dec 27, 2018

Indonesia has announced the winner of its third bidding round that will operate oil and gas blocks in three locations, Deputy Energy Minister Arcandra Tahar, said on Thursday.The winners are Pearloil (Theralite) Ltd. for South Andaman block…

Oil Surges 8% After Steep Slide

Dec 26, 2018

Oil surged on Wednesday, posting its strongest daily gain in more than two years in a partial rebound from steep losses that pushed crude benchmarks to lows not seen since 2017.Both U.S. and Brent crude rose about 8 percent, their largest one-day increase since Nov…

Exxon Continues Drilling Offshore Guyana

Dec 26, 2018

Exxon Mobil Corp said on Wednesday its oil drilling and development activities offshore Guyana were unaffected despite neighboring Venezuela's navy stopping two seismic survey vessels the company had hired.The closest of 10 oil finds Exxon has…

Oil Rises to $51 After Steep Slide

Dec 26, 2018

Oil rose to $51 a barrel on Wednesday on perceptions that a price slide to 2017 lows prompted by economic worries had been overdone amid an OPEC-led effort to tighten supply.Crude has been caught up in wider financial market weakness as the U…

Ghana Exploration Licensing Round Attracts Global Majors

Dec 24, 2018

Sixteen oil and gas firms have submitted applications for one or more of five Ghanaian offshore blocks in the West African country's first exploration licensing round, its energy ministry said.The interest is a major vote of confidence in Ghana…

Venezuela Navy Confronts Exxon Vessel in Guyana Border Dispute

Dec 24, 2018

Venezuela's navy 'intercepted' a ship exploring for oil on behalf of Exxon Mobil Corp in Guyanese waters over the weekend, Guyana's foreign ministry said in a statement, while neighboring Venezuela said the incident occurred within its territory…

Meet WaveGem: New Offshore Power Platform

Dec 21, 2018

Geps Techno recently named its new power platform WAVEGEM. Designed and built in Saint-Nazaire, France, the platform is a part of the R&D project IHES (Integrated Harvesting Energy System) which includes partners as Blue Solutions by Bolloré…

Panoro Completes OMV Tunisia Acquisition

Dec 21, 2018

London-based international independent oil and gas company Panoro Energy ASA announced Friday it has completed its $65 million acquisition of OMV Tunisia Upstream GmbH from Vienna-based integrated oil and gas company OMV.Panoro Tunisia Production AS (PTP…

Total in Talks to Sell North Sea Assets

Dec 21, 2018

French energy giant Total is in advanced talks with privately owned firms Albion Energy and First Alpha Energy Capital on the sale of some of its British North Sea assets, two industry sources said.In July, four banking sources told Reuters…

Petrobras Suspends New Divestments

Dec 21, 2018

Brazil's state-controlled Petroleo Brasileiro SA will suspend any new divestment initiatives in oil exploration or production, the company said on Thursday, following a Supreme Court decision.The decision suspended an agreement between Petrobras…

Equinor Expands In Polish Offshore Wind

Dec 20, 2018

Norway's Equinor has expanded it presence in the Polish offshore wind market after exercising an option to acquire a 50 percent interest in the Bałtyk I offshore wind development project in the Baltic Sea from domestic firm Polenergia.The transaction…

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