Daily Archives: July 15, 2016

TransCanada joins Energy East labor MOU

Rate this article TransCanada Corp., four large pipeline unions, and the Pipe Line Contractors Association of Canada have signed a memorandum of understanding committed to the hiring of PLCAC and union members for work on the proposed Energy East Pipeline. Read Full Article Here For more great articles: Oil & Gas Journal – Transportation

Occidental increases dividend. Names ex-Cameron chairman to the board

Rate this article By _Offshore_Energy_Today_ Occidental Petroleum, Houston-based oil and gas exploration and production company, has increased the company’s dividend and announced the appointment of a new member of the board of directors. Occidental Petroleum said on Thursday that the company has raised the company’s dividend to an annual rate of $3.04 per share from…

Faroe raises cash for Dong Energy, Brasse

Rate this article By Offshore Energy Today Faroe Petroleum, the independent oil and gas company focusing on the North Sea exploration and production has completed the placing of the shares announced on July 14, 2016. A total of 88,500,000 new Ordinary Shares in Faroe were placed, raising gross proceeds of £62.0 million at a price…

Solstad’s ‘Normand Maximus’ christened in Norway

Rate this article By Offshore Energy Today Norwegian offshore vessel owner Solstad Offshore has christened its latest addition to its orange-colored fleet – the Normand Maximus. According to the company’s social media announcement, the christening ceremony the Normand Maximus offshore construction vessel, was held on Friday in Brattvåg, Norway. As previously reported by Offshore Energy…

Kogas reports decline in June sales

Rate this article By LNG World News Image courtesy of KogasSouth Korea’s Kogas, the world’s largest corporate buyer of LNG, reported a drop of 2.7 percent in its sales volume in June. Kogas sold 1.96 million tonnes of LNG in June this year, compared with 2.01 million tonnes a year ago, the company said in…

BOEM seeks more assurances for decommissioning works. Oil firms not happy

Rate this article By _Offshore_Energy_Today_ The U.S. Bureau of Ocean Energy Management (BOEM) has notified companies holding oil and gas leases in US waters that it is updating financial assurance and risk management requirements for decommissioning and removing of offshore production facilities. BOEM’s said on Thursday that its Notice to Lessees and Operators (NTL) details…