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Penman to Head up Malin React

Apr 15, 2019

Newly launched Malin Group arm Malin React has appointed Graham Penman as a Business Unit Manager to head up its operation.Penman has been appointed to oversee Malin React, one of seven subsidiary brands which make up Malin Marine Limited, formally Malin Marine Consultants Aberdeen…

Black Sea MGD Project Gets Government Nod

Apr 15, 2019

Black Sea Oil & Gas (BSOG), controlled by private equity firm Carlyle Group LP, announced it has received Romanian government approval from the Romanian Government through the National Agency for Mineral Resources (NAMR) for its plan to develop…

Vermilion to Drill Exploration Wells in Central Europe

Apr 15, 2019

Canada's Vermilion Energy will drill its first two exploration wells in Croatia in June, a senior official from the company said on Monday. Vermilion won four licences in 2015 for oil and gas exploration in Croatia's flat northeastern areas and the drilling will take place on one of these…

1000 Km of the Nord Stream 2 Pipeline Laid

Apr 15, 2019

1000 km of the Nord Stream 2 pipeline has now been laid in the Baltic Sea in Finnish, Swedish and German waters.Two Allseas pipelay vessels - Pioneering Spirit and Solitaire - are currently installing the pipeline in Swedish waters.Some twenty…

Woodside Expands LNG Supply

Apr 15, 2019

Australian exploration and production company Woodside has opened a liquefied natural gas (LNG) truck loading facility at its Pluto LNG project in Western Australia (WA), as it looks to develop the domestic LNG market for remote power generation and transport fuels…

Mexico to Offer Pemex One Year Lifeline

Apr 14, 2019

Mexico will offer its ailing state oil company Pemex a lifeline for only one year by dipping into its budget stabilization fund, Finance Minister Carlos Urzua said on Friday, ruling out that the government will absorb the debt.With $106 billion in financial debt…

Keppel Makes First LNG Cargo Import from N. America

Apr 14, 2019

Singapore's Keppel Gas, a wholly owned subsidiary of Keppel Infrastructure Holdings, has completed its first liquefied natural gas (LNG) cargo import under Singapore's spot import policy.The policy allows gas customers in the Republic to import…

Aus Upstream Capex Touches at US$10bln pa

Apr 14, 2019

The Australian renewable energy pipeline is surging above 100GW of solar, wind and utility storage projects. Investment is currently matching upstream capex, at US$10 bn per annum.Only 1GW is currently owned by Upstream companies – the majors…

Chevron Buys Anadarko for $50Bln

Apr 12, 2019

Chevron, the second-largest US oil and gas company, has agreed a $50bn deal to buy Anadarko Petroleum (APC)  in a massive deal that will bolster its natural gas and shale operations.The cash and stock deal announced Friday values Anadarko at $65 per share…

Danos Awarded Major Permian Contract

Apr 12, 2019

Danos has been awarded a significant contract across multiple services lines with a Texas-based, independent exploration and production company. The project will leverage Danos’ Amelia Integrated Services Complex to fabricate piping and structural…

Macquarie Kicks off Sale of Wind Assets in Italy and France

Apr 12, 2019

Infrastructure fund Macquarie has kicked off the sale of its Renvico wind farm portfolio located in Italy and France worth around 400 million euros ($450 million), four sources familiar with the matter said.The Australian fund, advised by Rothschild…

New Jack Up Fitted with Huisman Crane

Apr 12, 2019

Huisman has been awarded a contract for the design, engineering, construction and delivery of the main crane on Jan De Nul’s newest offshore wind turbine installation vessel ‘Voltaire’.The crane will be unique in its size, capacity and novel…

NOIA Applauds Confirmation of Interior Secretary

Apr 12, 2019

National Ocean Industries Association President Randall Luthi has issued the following statement on the Senate confirmation of David Bernhardt as Secretary of the Interior:“I congratulate David Bernhardt on his confirmation as Secretary of the Department of the Interior…

Chevron to Buy Anadarko for $33 Bln

Apr 12, 2019

Chevron Corp on Friday said it will buy oil and gas producer Anadarko Petroleum Corp for $33 billion in cash and stock in a deal that doubles down on its bet on U.S. shale and LNG as U.S. energy production is shattering records.The deal makes Chevron the second-largest major by crude production…

China, France to Develop OWP Project

Apr 12, 2019

China Energy Investment Corporation (CHN Energy) and Électricité de France Group (EDF Group) have signed a deal to jointly develop an offshore wind power project in China’s eastern Jiangsu province, Chinese official media reported.As per the agreement…

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