Daily Archives: August 17, 2016

Report: First oil from Tullow’s TEN due on Thursday

By Offshore Energy Today.. First oil production from the Tullow-operated Tweneboa, Enyenra and Ntomme (TEN) project, offshore Ghana, is reportedly expected on Thursday, August 18, 2016. According to Graphic Online, a news website from Ghana, the country’s president John Dramani Mahama will inaugurate the first oil from the TEN project on Thursday in an act…

Hawaii governor against LNG power generation

By LNG World News Hawaii’s governor David Ige said on Tuesday he continues to be against liquefied natural gas (LNG) for power generation as the U.S. state is looking to meet its ambitious “clean energy” goals. Hawaii plans to have 100 percent of its electricity coming from renewable energy by 2045. “I continue to believe…

BP produces 3 billionth barrel of oil from Caspian Sea field

By Offshore Energy Today Azeri Chirag Guneshli field, operated by the British oil giant BP, on Tuesday marked a significant oil production milestone in the Caspian Sea, offshore Azerbaijan. Namely, the day marked the three billionth barrel of oil produced since the start of production from the Chirag platform in 1997. “This is a significant…

Trinity subsidiaries file for bankruptcy protection

By Offshore Energy Today Subsidiaries of Trinity Exploration and Production, a debt-laden oil and gas company operating in Trinidad and Tobago, have filed for bankruptcy protection. The subsidiaries in question are Trinity Exploration and Production (Trinidad and Tobago) Limited, Galeota Oilfield Services Limited, Trinity Exploration and Production (Galeota) Limited, Tabaquite Exploration & Production Company Limited,…

2016 Texas Oil & Gas Awards Survey Results – Media Pickup

By Andrew Perry We would like to share with you the fantastic pickup we received for our recent survey results for those companies gaining nominations from various parts of the market for the upcoming Texas Oil & Gas Awards. PR Newswire is one of our main media partners, ensuring that our finalists and winners are…

Magseis sinks to red as revenues drop

By Offshore Energy Today.. The Norwegian seismic survey company Magseis sank to a loss during the second quarter of 2016 compared to a profit in the year-ago quarter as its revenues declined. The seismic player on Wednesday posted a net loss of $3.97 million for the 2Q 2016, compared to a profit of $1.6 million…

Chinese banks provide €780 mln for Yamal LNG in July

By LNG World News Chinese banks provided €780 million during the month of July for the Novatek-operated Yamal LNG project, Reuters reports, citing the project’s accounting data. The funds received during July follow the €450 million (approx. US$507.3 million) received in late June. In April, Yamal LNG signed agreements with the Export-Import Bank of China…