Daily Archives: July 8, 2016

Jobs lost as Boskalis takes 14 offshore vessels out of service

Rate this article By Offshore Energy Today.. Royal Boskalis Westminster N.V. is taking out of service 14 vessels from its offshore energy division and accordingly reducing its workforce. The decision comes following the company’s completion of fleet rationalization study announced earlier this year. The study was initiated in light of deteriorating market conditions and an…

NOIA boss: New Arctic drilling rule could thwart innovation

Rate this article By Offshore Energy Today Following the U.S. Interior Department’s launch of the final rule on the oil and gas drilling in the U.S. Arctic, the National Ocean Industries Association (NOIA), a U.S. body representing offshore energy industry, has issued a response, saying that the rule, as is, might be counterproductive. DOI’s final…

Stolt-Nielsen eyes small-scale LNG carrier order

Rate this article By LNG World News Norwegian-listed shipping company Stolt-Nielsen plans to order a number of 7,500-cbm LNG carriers to ship the chilled fuel for the Sardinia LNG import project in Italy. Stolt-Nielsen’ unit, Stolt-Nielsen Gas, has last year bought a 10 percent stake, with an option to acquire up to 80 percent of…

BP gains nod for life extension of Tambar platform

Rate this article By Offshore Energy Today.. The Norwegian Petroleum Directorate (NPD) has given the green light to BP to use the platform on the Tambar field in the North Sea offshore Norway until January 1, 2022. The NPD, a government agency whose task is to manage the oil and gas resources on the Norwegian…

International offshore rig count tumbles in June

Rate this article By Offshore Energy Today.. Oilfield services provider Baker Hughes informed on Friday that the international offshore rig count for June 2016 was down both sequentially and year over year. According to Baker Hughes’ report, the international offshore rig count for June 2016 was 223, down 6 from the 229 counted in May…

EIA: Henry Hub price drops

Rate this article By LNG World News Natural gas spot prices at the Henry Hub in the United States ended five weeks of increases, falling by 18¢ from last Wednesday, the Energy Information Administration said in its weekly report. The prices have dropped from $2.93/MMBtu last Wednesday to $2.75/MMBtu on Wednesday this week, the EIA…

Report: fire hits Prelude FLNG construction site

Rate this article By LNG World News Small fire at the Samsung Heavy Industries’ shipyard in South Korea interrupted work at Shell’s Prelude FLNG facility leaving two workers in need of medical attention. Reuters cited a source as saying the delivery schedule has not been affected by the incident, adding that work resumed immediately with…

Prosafe puts off flotel delivery amid refinancing efforts

Rate this article By Offshore Energy Today.. Semi-submersible accommodation vessels operator, Prosafe, on Thursday announced the terms of a proposed comprehensive refinancing that include the deferral of the company’s latest newbuild flotel. According to Prosafe, if completed, the refinancing will provide greater financial flexibility for the company throughout the period until the end of 2020,…

France’s Dunkirk LNG terminal receives first cargo

Rate this article By LNG World News Awaiting the first commissioning cargo (Image courtesy of Dunkerque LNG)France’s fourth LNG import terminal in the port of Dunkirk (Dunkerque) received its first commissioning cargo on Friday, July 8. As previously reported by LNG World News, Teekay’s 135,243-cbm LNG carrier Madrid Spirit brought the cargo from Nigeria’s Bonny…

Union breaks off oil service pay talks (Norway)

Rate this article By Offshore Energy Today The Norwegian Union of Industry and Energy Workers (Industri Energi) has notified the Norwegian Oil and Gas Association that it is breaking off negotiations on pay and conditions under the oil service agreement. To remind, Industri Energi opted to postpone negotiations scheduled for early June until after the…