GTT secures two DNV GL approvals for its training software

By LNG World News GTT Training, a unit of French GTT dedicated to training LNG professionals and to the development of associated simulation tools, has obtained two approvals for G-Sim training software from classification society DNVGL. This standard specifies the requirements of simulators that are to be used to deliver training to the shipping industry…

GALLERY: First steel cut for Maersk Oil’s Culzean FSO in Singapore

By Offshore Energy Today.. Singapore’s Sembcorp Marine has cut first steel for the floating, storage and offloading (FSO) vessel meant for the Maersk Oil-operated Culzean development in the UK sector of the North Sea. The fist steel was cut in Singapore on Friday, July 22, 2016, Maersk Oil reported through its social media channels on…

Royale Energy, Matrix Oil agree to merge

Royale Energy Inc., San Diego, and privately held Matrix Oil Corp., Santa Barbara, have agreed to merge in a $41.5-million deal making Matrix a wholly owned subsidiary of Royale. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest Comments comments

Prosafe swings jobs axe to cut costs

By Offshore Energy Today.. Prosafe, an operator of accommodation rigs known also as flotels, is implementing workforce reductions across the group in order to reduce costs. The company said on Tuesday that, as part of its cost efficiency measures reported in connection with the company’s 1Q 2016 report, Prosafe is implementing a reorganization of the…

Picture of the day: first LNG tanker passing through expanded Panama Canal

By LNG World News Maran Gas Apollonia (Image courtesy of the Panama Canal)The 161,870-cbm Maran Gas Apollonia, chartered by the Hague-based LNG giant Shell, is the first LNG tanker to transit the newly expanded Panama Canal connecting the Atlantic and Pacific oceans. As previously reported by LNG World News, the Greek-flagged LNG tanker was scheduled…

ExxonMobil offer ‘inadequate’, former InterOil CEO says

By LNG World News Former InterOil CEO Phil Mulacek on Monday issued a comment on the recent ExxonMobil’s US$2.5 billion offer to acquire InterOil, claiming the shareholders will forego billions of dollars of value. He added that by accepting the ExxonMobil proposal, the InterOil shareholders would also miss on five cash payments Total agreed with…

JBIC to fund LNG newbuild acquisition

By LNG World News The Japan Bank for International Cooperation recently said it signed an agreement to provide funds for the acquisition of a liquefied natural gas carrier on order at Imabari Shipbuilding. According to the bank’s statement, the buyer’s credit agreement was signed with San Isidro LNG, a joint venture between Mitsubishi Corporation and…

New Gas Transmitter: OLDHAM Launches the 700/710 Series

Tyco Gas & Flame Detection is pleased to announce the launch of the OLCT 700 and OLCT 710 gas transmitters. The 700/710 Series comprises 3 different models -FP, TP or IR- for the detection of flammable, H2S or CO2 gases. Read Full Article Here For more great articles: Offshore Technology Comments comments