Daily Archives: May 16, 2016

Sonatrach to supply LNG to Jordan

Rate this article By LNG World News Algeria is set to supply liquefied natural gas to Jordan following the signing of a memorandum of understanding on Monday. As Hasan Hiari, head of Jordan’s Ministry of Energy & Mineral Resources natural gas department, told Bloomberg the deal with Sonatrach Group covers not only LNG but crude…

Oil prices rise on Nigerian outages, Goldman forecast

Rate this article By _Offshore_Energy_Today_ By Henning Gloystein and Dmitry Zhdannikov SINGAPORE/LONDON (Reuters) – Oil prices jumped over 2 percent on Monday to their highest since October 2015 on growing Nigerian oil output disruptions and after long-time bear Goldman Sachs said the market had ended almost two years of oversupply and flipped to a deficit….

Permasense: Monitoring sand to protect offshore platforms

Rate this article Oil and gas companies are facing low prices, and so have to ensure costs for maintenance are kept to a minimum. Permasense has launched a new solution to help combat the problem of erosion from sand, thus providing long-term cost savings, but will th… Read Full Article Here For more great articles:…

Goldman raises short-term oil price outlook citing market rebalance

Rate this article By Offshore Energy Today.. (Reuters) – Goldman Sachs , one of the most bearish forecasters on oil for about a year, on Monday raised its short-term price outlook for U.S. crude projecting steeper near-term cuts in global output. “Pulling forward” its forecast, the bank now sees West Texas Intermediate (WTI) prices averaging…

CEER: current LNG infrastructure in Europe sufficient

Rate this article By LNG World News In its response to the European Commission’s LNG strategy, the Council of European Energy Regulators argues that current LNG infrastructure is sufficient to satisfy demand in most regions across Europe. In its LNG and storage strategy, the Commission calls for the construction of priority infrastructure projects to give…

10 OSV charters for Singapore’s Atlantic Navigation

Rate this article By Offshore Energy Today Singapore’s offshore vessel owner Atlantic Navigation has secured work for ten of its offshore supply vessels in the Middle East. The company on Friday said the combined value of the vessel charters was $236 million. The vessels will work for an undisclosed national oil company. According to Atlantic…

BP boosts Culzean field stake

Rate this article By Offshore Energy Today.. JX Nippon Oil and Gas Exploration Corporation has sold a 16% working interest in a licence containing the Culzean field located in the UK North Sea to oil major BP. According to JX Nippon’s press release on Monday, the company’s wholly owned subsidiary, JX Nippon Exploration and Production…

Santos spuds appraisal well offshore Indonesia

Rate this article By Offshore Energy Today.. Australian oil and gas company Santos started drilling the AAL-4X appraisal well at the Northwest Natuna production sharing contract (PSC) offshore Indonesia on Saturday, May 14, 2016. The Joint Venture partners in the Northwest Natuna PSC are AWE, with 50% stake, and Santos as the operator with the…

ExxonMobil terminates Seadrill’s drillship contract

Rate this article By Offshore Energy Today U.S. oil company ExxonMobil has terminated a drillship contract it had with Seadrill Partners, a subsidiary of the offshore driller Seadrill. The drilling company on Friday said it had received a notice of termination for the West Capella drillship. According to Seadrill’s fleet status report, the rig’s contract…