Light, sweet crude prices gained modestly on the New York market May 12, holding well above $46/bbl. But oil prices fell in early May 13 trading, which analysts attributed to reaction to an Oil Market Report released May 12 from the International Energy Agency. Read Full Article Here For more great articles: Oil & Gas…
The Western Energy Alliance and North Dakota Petroleum Council jointly sued the US Bureau of Land Management and US Forest Service, charging that the agencies developed amended land use plans for the greater sage grouse that impose restrictions on new oil and gas leases and on development of existing leases. Read Full Article Here For…
By -Offshore Energy Today- The third of overall four ultra-long distance towing and anchor handling vessels built for Dutch shipping company ALP Maritime Services has been launched in Japan. Niigata Shipyard, responsible for the construction of four Ulstein-designed AHTS vessels, launched ALP Sweeper during a ceremony held May 7. ALP said the vessel would be…
By Offshore Energy Today Deep Down, a US-based oilfield services company, narrowed loss in the first quarter. Namely, the company reported a net loss of $0.5 million, compared to a net loss of $1.3 million in the first quarter of 2015. Revenues fell to $4.4 million, from 5.8 million a year ago, due to, Deep…
By LNG World News C&I Leasing recently took delivery of four Damen SPa 1605 ballistic protected security patrol vessels to provide escort services for LNG carriers calling in and out of the Nigeria LNG’s Bonny liquefied natural gas terminal. The 16-metre vessels have aluminium hulls and GRP composite superstructures, Damen said in its statement on…
By LNG World News InterOil, the holder of a 35.5 percent stake in Papua New Guinea’s PRL 15, said the Papua LNG project’s construction could start in 2018. During a visit to Papua New Guinea in mid-April, Total indicated that the Papua LNG project remained a top priority for the company, InterOil’s statement issued on…
By Offshore Energy Today Brazilian oil giant Petrobras posted net loss for the first quarter of 2016. The net loss was 1.25 billion Brazilian reals ($360 million) The company said several factors contributed to the result: higher interest costs, and negative monetary and exchange rate variations; 7% reduction in oil and natural gas production (in…
By _Offshore_Energy_Today_ The Norwegian Petroleum Directorate (NPD) has granted Wintershall Norge a drilling permit for an exploratory well offshore Florø, Norway. NPD stated on Friday that the wellbore 35/11-19 S will be drilled from the Borgland Dolphin semi-submersible drilling rig after completing the drilling of wildcat well 35/8-6 A for Wintershall Norge AS in production…
By _Offshore_Energy_Today_ Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has revealed results of the audit relating to the life extension of the Gullfaks A. PSA said in a statement on Friday that it carried out a working environment audit between 8 and 10 March relating to Statoil’s plan to extend the Gullfaks A…
By LNG World News The emergence of US LNG as a competitive alternative for European and Asian customers, combined with an oversupplied market, should drive more convergence between natural gas prices at major hubs and weaken the link between gas and oil prices, Fitch Ratings says. The first shipment of US liquefied natural gas from…