News

Nine in shortlist for Sohar Refinery expansion EPC contract

Nine in shortlist for Sohar Refinery expansion EPC contract

International engineering giants are among nine groups of bidders shortlisted for an estimated $1.2 billion contract to undertake the expansion of Oman’s flagship refinery at Sohar.

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Canadian Natural Abides Prices Instead of LNG

Canadian Natural Abides Prices Instead of LNG

Canadian Natural Resources Ltd. (CNQ), the country’s worst-performing major energy stock this year, is sitting on its shale-gas

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Tangiers Petroleum adds 15,000 sq km to Australian exploration portfolio

Tangiers Petroleum adds 15,000 sq km to Australian exploration portfolio

Tangiers' planned exploration will initially focus on geotechnical studies and the acquisition of 500km of 2D seismic data Tangiers'

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Chevron earlier considered replacing corroded pipe

Chevron earlier considered replacing corroded pipe

Chevron Corp. reportedly considered replacing a corroded Richmond refinery pipe nearly a year ago but decided it was good for another five years of service.

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Oil drilling boom has side effects

Oil drilling boom has side effects

The local prison is so short on guards that inmates can sometimes just walk away. A gas station barely has enough cashiers to keep up with the trucks filling the parking lot. And “help wanted” signs seem to hang from every restaurant and shop.

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JKX Oil & Gas starts production from well 27 at Koshekhablskoye field

JKX Oil & Gas starts production from well 27 at Koshekhablskoye field

JKX Oil & Gas (LON:JKX) yesterday morning confirmed that gas production is now underway from well 27 at the Koshekhablskoye field, Russia.

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Natural Gas: This Stubbornly Resilient Supply

Natural Gas: This Stubbornly Resilient Supply

The second quarter was brutal to North American natural gas producers. The NYMEX natural gas price averaged $2.22 per MMBtu, dropping further from the already sub-economic $2.74 per MMBtu

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Second quarter interim dividend for 2012

Second quarter interim dividend for 2012

On 31 July 2012, the Directors of BP p.l.c. announced that the interim dividend for the second quarter 2012 would be US$0.08 per ordinary share (US$0.48 per ADS).

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Statoil farms down in Mozambique licence

Statoil farms down in Mozambique licence

Statoil has farmed down a 25% working interest in its operated exploration licence offshore Mozambique to Tullow Oil plc (Tullow).

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OPEC output falls on Saudi, Iranian production cuts

OPEC output falls on Saudi, Iranian production cuts

OPEC crude output fell for a second month in July as Saudi Arabia cut production and Iran pumped less than Iraq for the first time in at least 20 years.

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Oil price inflates as speculators bet on stimulus

Oil price inflates as speculators bet on stimulus

Oil prices are racing higher as investors bet that central bank cash will soon boost a market afraid of Middle East war and worried

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Evergreen Commences New Yangon Feeder Service

Evergreen Commences New Yangon Feeder Service

In response to increasing market demand for feeder space, Evergreen Line will commence the new Straits-Yangon (Myanmar) service (referred to as SYS) from late August.

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ABS Certifies Portugal’s First Offshore Wind Turbine

ABS Certifies Portugal’s First Offshore Wind Turbine

ABS, the leading provider of classification services to the global offshore industry, has provided certification services for the design

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Wide Range of Expert Speakers at Offshore Energy 2012

Wide Range of Expert Speakers at Offshore Energy 2012

The OE2012 conference which runs parallel to the Offshore Energy exhibition on 23 & 24 October in the Amsterdam RAI features an international faculty of expert speakers.

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Norway: DOF Group Enters New Charter Contracts

Norway: DOF Group Enters New Charter Contracts

DOF Subsea AS has entered into a contract with Helix Well Ops for the vessel Skandi Constructor. The contract is 3 year firm with 3×1 year options. The contract will commence in 2 q 2013.

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Teekay, KOTUG Form Joint Venture for Australian Towage Market

Teekay, KOTUG Form Joint Venture for Australian Towage Market

Teekay Shipping Australia Pty Ltd. (Teekay) and KOTUG International B.V. The Netherlands (KOTUG) today announced the establishment of a new

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OOG Christens Its First FPSO in Singapore

OOG Christens Its First FPSO in Singapore

On July 21, Odebrecht Oil and Gas (OOG) promoted a christening ceremony in Singapore for the City of Itajaí FPSO

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‘Seajacks Zaratan’ Successfully Completes First Assignment (UK)

‘Seajacks Zaratan’ Successfully Completes First Assignment (UK)

Seajacks Zaratan, the newest addition to Seajacks’ self-propelled jack-up fleet, was contracted to perform Operation and Maintenance

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Norway: Bergen Wins Njord Bravo FSO Job

Norway: Bergen Wins Njord Bravo FSO Job

Bergen Group Rosenberg AS has been awarded a Letter Of Intent (LOI) from Statoil for an onshore modification project on the Njord Bravo-FSO vessel.

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USA: Harvey Gulf Inks Long-Term Charters on Three LNG OSVs

USA: Harvey Gulf Inks Long-Term Charters on Three LNG OSVs

Today, Harvey Gulf International Marine announced that it has signed long term charters for 3 of its LNG powered Offshore Supply Vessels,

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