Daily Archives: August 12, 2016

MARKET WATCH: NYMEX, Brent oil prices rebound on Saudi comments

Rate this article The light, sweet crude oil price for September delivery jumped by nearly $1.80/bbl on the New York market Aug. 11 while the Brent contract for October gained nearly $2/bbl on the London market after a Saudi Arabian official suggested the Saudis would work with other producers to stabilize prices. Read Full Article…

Report: Kongsberg to swing jobs axe

Rate this article By _Offshore_Energy_Today_ Kongsberg Maritime, a Norwegian offshore and marine technology company, is reportedly looking to further downsize its workforce by another 100 permanent employees. According to reports made by a local newspaper, Laagendalsposten, Kongsberg Maritime held an open meeting on Thursday where the company announced its downsizing plans. Kongsberg Gruppen Director of…

Offshore worker airlifted from North Sea platform

Rate this article By Offshore Energy Today.. An offshore worker has been airlifted from a UK North Sea platform due to a medical emergency. Following reports that an offshore worker was evacuated from a North Sea platform on Friday, August 12, 2016, Offshore Energy Today reached out to UK’s Maritime and Coastguard Agency (MCA) seeking…

USA: Undercover agents infiltrated oil and gas protests?

Rate this article By Offshore Energy Today Remember the Gulf of Mexico lease sale held by Bureau of Ocean and Energy Management in March in New Orleans, when ‘Keep it in the ground’ protesters crashed the event, chanting anti-oil paroles such as “The Gulf is not for profit. It’s not for sale, get off it?”…

Maersk Drilling upgrades full year profit guidance

Rate this article By Offshore Energy Today Maersk Drilling, a drilling contractor part of Denmark’s Maersk Group, delivered a profit of $164 million for the second quarter of 2016. This is a drop compared to the profit of $218 million realized in the second quarter of 2015. Revenue was $566 million, down 9.3% from $524…

Brazil’s Petrobras cuts LNG imports by 56 pct

Rate this article By LNG World News Brazil’s state-controlled oil and gas company Petrobras said its liquefied natural gas imports dropped by 56% in the first half of this year. Petrobras attributed this decline to higher domestic gas supply and lower thermoelectric demand in Brazil. LNG imports into Brazil stood at 54 Mbbl/d (thousand barrels…

Petrobras sets new monthly record in pre-salt oil & gas output

Rate this article By Offshore Energy Today.. Brazil’s state-owned oil giant Petrobras has reached a new monthly record in pre-salt oil and natural gas output due to a start-up on Lula Central, in the Santos Basin offshore Brazil. Petrobras said on Thursday that its total production of oil and natural gas in July was of…

Nigeria LNG’s shipping unit to slash salaries, may reduce staff

Rate this article By LNG World News Nigeria LNG, operator of the giant Bonny export plant, said it will reduce salaries and review manning levels at its shipping unit due to the ongoing LNG shipping industry downturn. Nigeria LNG can confirm that “reviewed manning levels and wage scale for officers on Bonny Gas Transport (BGT)…

Maersk Oil profit down. Exploration costs slashed. Production up

Rate this article By Offshore Energy Today Danish oil company Maersk Oil saw its second quarter 2016 net operating profit drop to $131 million, from $137 million achieved in the same period of 2015. Underlying profit was $130 million, down from $217 a year ago. However, Maersk Oil has described its result as “the return…