LLOG takes over Buckskin project from Repsol

By _Offshore_Energy_Today_ U.S.-based oil company LLOG Exploration has taken over operatorship of the Buckskin project in the Gulf of Mexico from the Spanish oil firm Repsol. A Repsol spokesperson has told Offshore Energy Today that LLOG was named the operator of the Buckskin unit and that Repsol currently owns 22.5 percent interest in the leases….

Royal IHC launches DEME’s second LNG-fueled dredger

By LNG World News Image courtesy of Royal IHCDutch shipbuilder and maritime equipment supplier, Royal IHC, on Saturday, January 14, launched DEME’s LNG-fueled trailing suction hopper dredger at its shipyard in Krimpen aan den Ijssel. The vessel named Scheldt River is the second TSHD built for the Belgian company DEME, capable of operating on liquefied…

CHC Helicopter to shut down Norwegian base

By Offshore Energy Today.. Offshore helicopter transportation services provider CHC Helicopter is closing down its base in Bergen, Norway, after losing a contract with the Norwegian oil company Statoil. Bergens Tidende, a Norwegian news provider focusing on Bergen area, reported that the company will close down its base in Bergen and, as a result, lay…

Lenders give Farstad some breathing space

By Offshore Energy Today Farstad Shipping, a financially troubled offshore vessel owner, has managed to get a standstill and deferral agreement for amortisation and interest owed to lenders. The company’s restructuring deal with Siem recently collapsed, and Farstad on Monday said it would uphold the previously announced suspension of service of financial debt in order…

Lloyds Energy files for FTA LNG export permit

By LNG World News Image courtesy of Lloyds EnergyBermuda-based Lloyds Energy Group submitted a formal application with the Department of Energy to export LNG from its proposed facility to countries which have a free trade agreement with the United States. The company is looking to export up to 9 million tons of LNG per year…

Inpex in talks to keep Abu Dhabi oil fields until 2043

By _Offshore_Energy_Today_ Japan’s Inpex and the Abu Dhabi National Oil Company (ADNOC) have agreed in principle to extend the joint development of the Satah and Umm Al Dalkh oil fields offshore the UAE capital of Abu Dhabi. Inpex is engaged in the development and production of crude oil in Abu Dhabi through its wholly-owned subsidiary…

Technip, FMC secure last regulatory approval

By LNG World News Image courtesy of FMC TechnologiesFrench LNG-engineer Technip and Houston-based FMC Technologies said that TechnipFMC secured a visa from the French stock market regulator for its prospectus for the listing of shares on Euronext Paris regulated market. According to a joint statement by the two companies, the prospectus was prepared as part…

Cluff looking for partners to fund wells in Southern North Sea

By Offshore Energy Today.. Cluff Natural Resources, an AIM quoted company investing in natural resources, is looking for farm-out partners to fund the drilling of wells at its Southern North Sea licenses. Early in 2016, the company took the decision to concentrate its investment on its two most prospective assets, 100% owned licenses P2252 and…

New administration could revive GoM E&P

Oil and gas companies in the Gulf of Mexico could be set for bigger profits under President-elect Donald Trump’s industry-friendly administration, claims a leading energy industry consulting firm. Read Full Article Here For more great articles: Deepwater News Comments comments