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Ukraine Strips US Firm of Black Sea Exploration Rights

Sep 12, 2019

Ukraine's new government on Thursday stripped U.S.-based Trident Acquisitions of the right to explore and develop oil and gas reserves in the Black Sea shelf, prompting the company to say Ukraine had lost out on $1 billion in new investment…

Tax Breaks Approved for Russia's Largest Oilfield

Sep 12, 2019

Russia's finance ministry has in principle approved tax breaks for developing the Priobskoye oilfield, Russia's largest, to oil giants Rosneft and Gazprom Neft, Alexei Sazanov, head of the ministry's tax department said on Thursday.He added…

GE to Shed Majority Control of Baker Hughes

Sep 11, 2019

General Electric is looking to raise up to $3 billion in sale of majority-owned Baker Hughes shares, resulting in a reduction of the U.S industrial conglomerate's stake in the oilfield services provider to less than 50%, Baker Hughes said on Tuesday…

Increased Confidence in CO2 Storage

Sep 09, 2019

If we are going to store large volumes of carbon dioxide (CO2) in depleted oil and gas reservoirs beneath the seabed we need to be sure that, in the unlikely event of a leak, we can detect it.  A research expedition, carrying a world-first experiment…

Shared CTV Monitoring Drives Efficiencies for Wind Farm Ops

Sep 06, 2019

Shared monitoring systems that provide comprehensive insight into CTV capabilities and limitations will support safety, planning & cost reduction for offshore wind owners. Offshore wind project owners are missing out on significant cost savings…

Green Light for Arctic LNG 2

Sep 06, 2019

The $21.3 billion Arctic liquefied natural gas (LNG)-2 project on the Gydan Peninsula headed by the Russian largest independent natural gas producer Novatek won a green light on Thursday.The project will have a production capacity of 19.8 million…

Golar LNG Orders Compressed Air System from TMC

Sep 05, 2019

Norwegian company TMC Compressors of the Seas (TMC) has is to supply a compressed air system for a Golar LNG floating liquefied natural gas (FLNG) vessel.TMC will manufacture and deliver seven large Smart Air compressors to be installed on the…

DNV GL to Certify TenneT Platform in German Sea

Sep 04, 2019

DNV GL has signed a four-year framework agreement with TenneT to provide project certification for new High Voltage Direct Current (HVDC)  substations linked to offshore wind farms in the German North Sea.Agreement includes certification of…

GA LNG Terminal Evacuated Ahead of Dorian

Sep 04, 2019

Kinder Morgan Inc has halted the startup process of its liquefaction facility at Elba Island near Savannah, Georgia, following mandatory evacuation orders as Hurricane Dorian approached, Chief Executive Officer Steven Kean said on Wednesday…

Bribery Probe Slows Petrofac Sales

Aug 28, 2019

Petrofac Ltd on Wednesday reported a fall in first-half order intake and forecast lower 2020 revenue, citing uncertainty relating to an investigation into the oilfield services company's dealings in Saudi Arabia and Iraq.Petrofac, which designs…

KNOT Signs Charter Contract with Total

Aug 28, 2019

Knutsen NYK Offshore Tankers AS (KNOT), a NYK Group company, has concluded a time-charter contract for a maximum 15-year period starting from 2021 for a shuttle tanker with French oil and gas giant Total for its Brazilian activities.The contract aims to use a 152…

Frontline Sees Opportunity in Tanker Market

Aug 27, 2019

So far in 2019, 41 VLCCs have been added to the global fleet compared to three vessel demolitions, said  the world's largest oil tanker shipping company Frontline Ltd.An additional 33 VLCCs are scheduled to be delivered in 2019 with 43 more to follow in 2020 before the order-book declines sharply…

NKT Confirms Viking Link Cable Order

Aug 26, 2019

Danish group NKT A/S said it has signed the final contract with Energinet and National Grid for the supply of a cable system for the 1,400-MW Viking Link inter-connector between Denmark and the UK.As per the contract, NKT is to supply a cable system of approx…

Chart Gets Order for Calcasieu Pass LNG

Aug 23, 2019

U.S. LNG equipment maker Chart Industries has received full notice to proceed (FNTP) regarding its production of cold boxes and brazed aluminium heat exchangers for Venture Global’s 10 million tpy Calcasieu Pass LNG export terminal project.The U…

LNG Market Recovers in Q2, Says Flex LNG

Aug 21, 2019

During the second quarter 2019, spot liquefied natural gas (LNG)  freight rates stabilized and started gradually to recover, says Flex LNG, the owner of LNG carrier vessels and floating storage regasification units (FRSUs).Unseasonably slow…

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New Contracts for DOF in Australia

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