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Kosmos Energy Acquired DGE for $1.23 Bln

Aug 06, 2018

Kosmos Energy has agreed to acquire Deep Gulf Energy (DGE) from its private equity owner for $1.23 billion, according to a bourse filing on Monday, expanding the deepwater oil and gas firm's operations into the Gulf of Mexico.Dallas-based Kosmos…

Eidesvik Offshore, Wärtsilä Norway and DNV GL Celebrate FellowSHIP

Aug 03, 2018

Project partners Eidesvik Offshore, Wärtsilä Norway and DNV GL have announced the closure of the FellowSHIP research project. The cooperation has explored the use of battery, hybrid and fuel cell technology in the maritime industry for over 15 years…

​​​​Chinese Tariffs on LNG, Oil May Threaten US Energy Dominance

Aug 03, 2018

China's targeting of U.S. liquefied natural gas and crude oil exports opens a new front in the trade war between the two countries, at a time when the White House is trumpeting growing U.S. energy export prowess.China included LNG for the first time in its list of proposed tariffs on Friday…

Gas Production at Egypt's 9B Field to Begin in October - Minister

Aug 03, 2018

Production of natural gas from two deepwater wells at Shell's West Nile Delta field 9B in Egypt will begin in the first half of October, the country's petroleum minister said on Friday.Tarek El Molla said in a statement the whole project, which…

Oil Fall Again, Rising Supplies Weighs

Aug 02, 2018

Trade tensions cap gains as U.S. inventories jump, confounding expectations.Oil prices fell for a third day on Thursday, following a surprise increase in U.S. crude inventories that added to existing concern about the rapid rise in global crude supply…

Bad Weather Stalls Bangladesh FSRU Hook Up

Aug 02, 2018

A vessel that arrived in Bangladesh in April to offload its maiden cargo of liquefied natural gas and moor permanently as an import terminal should begin operations 'within a week' after bad weather hampered its start-up, an official said on Thursday…

Petronas Appoints Ahmad Nizam Salleh as New Chairman

Aug 01, 2018

Malaysia has appointed Ahmad Nizam Salleh as the new chairman of state-owned oil company Petroliam Nasional Bhd effective immediately, according to a statement from the prime minister's office on Wednesday.Ahmad Nizam has worked in the oil and…

China's New Shenzhen Terminal Receives First LNG Cargo

Aug 01, 2018

China National Offshore Oil Company (CNOOC) started operating a new import facility in southern China for liquefied natural gas (LNG), state media reported on Wednesday.The terminal in the city of Shenzhen, near Hong Kong, on Wednesday received a 93…

Indonesia's Pertamina to Take Over Chevron's Rokan Block in 2021

Jul 31, 2018

Indonesia has decided Pertamina will take over operation of the Rokan oil block, the country's second-biggest crude producing field, once Chevron's operating contract there expires in 2021, Deputy Energy Minister Arcandra Tahar said on Tuesday…

Warm Sea Water Limits Nuclear Reactor Capacity

Jul 31, 2018

Swedish utility Vattenfall said its Ringhals 2 nuclear reactor was running at 49 percent capacity on Tuesday as the sea water used to cool it nears an upper temperature limit.Water from the Baltic Sea is used to cool several nuclear reactors along Sweden's coastline…

Gas Production Begins at Ichthys LNG Project

Jul 30, 2018

Inpex Corp said on Monday it has begun producing gas at the $40 billion Ichthys liquefied natural gas (LNG) project off northern Australia, a major milestone for the long-delayed project.'The project expects to begin the shipment of products…

Singapore's Offshore Industry Recovering

Jul 30, 2018

A big drag on Singapore's growth in recent years, the embattled offshore and marine industry, has broken a three-year losing streak. Yet industry executives aren't betting on a return to the glory days anytime soon.The industry, along with a top-class finance sector…

Wison Wins FEED Contract for Canadian FLNG Project

Jul 27, 2018

Wison Offshore & Marine announced it has been awarded a contract to carry out front-end engineering design (FEED) for a proposed floating liquefied natural gas (FLNG) project sited in British Columbia, Canada.Wison said it has entered into a…

SBM Offshore Reaches Settlement in Brazil Corruption Probe

Jul 27, 2018

SBM Offshore has reached a settlement in a long-running corruption investigation it faced in Brazil, allowing the Dutch marine engineering group to take up new business there.SBM said late on Thursday it would pay approximately $189 million…

COSL to Drill Tui Field Wells for Tamarind Resources

Jul 26, 2018

Offshore driller COSL Drilling Europe as entered into an agreement with Tamarind Resources for drilling operations with Hai Yang Shi You 982 (HYSY 982) in New Zealand.Tamarind Resources owner of the Tui Field (PMP 38158) announced that it has…

Current News

ADNOC’s XRG Partnres Up with Petronas for Offshore Gas Block in Caspian Sea

ADNOC’s XRG Partnres Up with Petronas for Offshore Gas Block in Caspian Sea

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Valeura Energy Greenlights Wassana Oil Field Redevelopment off Thailand

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

Scarborough FPU's Topsides and Hull Come Together in Major Engineering Feat (Video)

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

Shell-Reliance-ONGC JV Complete India’s First Offshore Decom Project

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

The Future of Long-Idle Drillships: Cold-Stacked or Dead-Stacked?

TMC Books Compressors Orders for FPSO and LNG Vessels

TMC Books Compressors Orders for FPSO and LNG Vessels

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

MODEC, Sumitomo Partner Up for Delivery of Gato do Mato FPSO

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