BG Group is selling two modern tri-fuel diesel electric (TFDE) LNG carriers to GasLog for US$460 million, a deal that will help the company pay down its debt. Methane Becki Anne. From BG Group. The…
Norwegian oil exploration firm North Energy has launched a strategic review after being approached over potential strategic opportunities as market conditions remain difficult. The firm says the continued low oil price presents challenges…
Swedish exploration and production firm Lundin Petroleum says it has made a sub-commercial discovery on the Storm prospect, offshore Norway. The Storm wildcat well 33/2-1 on production license 555 was drilled 200km northwest of Florø…
Hess’s Australian subsidiary, Hess Exploration Australia Pty Ltd. and the North West Shelf (NWS) signed a non-binding letter of intent (LOI) for Hess to develop its natural gas discoveries in its deepwater permits offshore northwestern Australia…
EXMAR is ordering its second floating liquefied natural gas (FLNG) unit from China’s Wison Offshore & Marine. Wison's yard. From Wison. Wison will be responsible for the turnkey engineering…
BP and the state oil company of the Republic of Azerbaijan, SOCAR signed a production sharing agreement (PSA) for the exploration and development of the potential prospects in the shallow water area around the Absheron Peninsula located in the Azerbaijan sector of the Caspian Sea…
Damen Shiprepair Rotterdam (DSR), part of Damen Shiprepair & Conversion (DSC), has been awarded an engineering, procurement and commissoining contract contract by Petrojarl I for the upgrade of its FPSO Petrojarl I. The Petrojarl I (pictured) is a Teekay Petrojarl-managed FPSO…
Forum Energy Technologies subsidiary Sub-Atlantic has secured three international contracts with a combined value of over £3.5 million for the manufacture of three specialist remotely operated vehicles (ROVs). The firm will provide IKM Subsea in Norway…
Alexandra Pate, a Robert Gordon University student, has won a competition to design the trophy for the 2015 Offshore Achievement Awards (OAA), taking place in March. The brief was to design a trophy which encompassed the key themes of the OAA…
Hungarian integrated oil and gas firm MOL Group has completed an acquisition of North Sea assets from London-listed Premier Oil. MOL acquired non-operated interests in the Nexen-operated Scott (21.84%), Telford (1.59%) and Rochelle (15%) fields…
Offshore Ireland focused exploration firm Providence Resources has confirmed that it has received a judgement in its favor in a ruling over costs Transocean was claiming against it. The case related to cost claims made by Transocean…
Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland. Illustration of the LNG terminal. From Wärtsilä…
BP’s request to extend the operating life of the Valhall field quarters platform (QP), has been denied by the Petroleum Safety Authority Norway (PSA) stating that BP has failed to define realistic acceptance criteria for non-linear analyses…
DONG Energy is constructing the offshore wind farm Burbo Bank Extension located 8km off the United Kingdom coast in Liverpool Bay. Image of DONG's Barrow Offshore Wind Farm. From DONG. Burbo…
The American Petroleum Institute (API) published a new recommended practice for structural integrity management to emphasize the importance of understanding topside structural integrity in order to maintain the offshore structures used in oil and natural gas drilling and production operations…
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