Daily Archives: February 9, 2017

DOJ closes investigation into Cobalt’s Angolan operations

Rate this article By Offshore Energy Today.. The U.S. Department of Justice has completed its corruption investigation of the Houston-based oil company Cobalt International Energy leaving the company in the clear. Cobalt informed on Thursday the company has received a letter from the DOJ saying the department has closed its Foreign Corrupt Practices Act (FCPA)…

Gallery: Cheniere close to completing Sabine Pass LNG Train 3

Rate this article By LNG World News Image courtesy of CheniereU.S. LNG export player Cheniere is progressing construction activities at its Sabine Pass liquefaction and export project in Louisiana. The company said in its monthly construction report that the Stage 2 activities, which include the liquefactions trains three and four, have been 95.5 percent complete…

Total on hunt for deals after outperforming rivals

Rate this article By Offshore Energy Today.. By Bate Felix PARIS (Reuters) – French oil company Total is on the hunt to buy assets from struggling rivals, it said on Thursday, as it reported some of the biggest profits in the industry for last year and raised its dividend. Chief Executive Patrick Pouyanne said Total…

Bourbon stacked more than hundred offshore vessels in 2016

Rate this article By Offshore Energy Today French offshore ship owner Bourbon Offshore has revealed a whopping number of more than a hundred of its offshore vessels stacked at the end of 2016. The vessel owner, with a fleet of over 500 offshore vessels, said that it has maintained an “active stacking policy” to maximize…

New subsea oilfield services player emerges in Gulf of Mexico

Rate this article By Offshore Energy Today.. Oil company Global Energy has changed its name and completed the transactions to buy subsea service vessels as part of a move to adopt a new strategy that focuses on subsea oilfield services sector in the Gulf of Mexico. Looking to take advantage of distressed market conditions, Global…

Report: Eni CEO charged with international corruption

Rate this article By Offshore Energy Today Italian prosecutors have reportedly charged Eni and its CEO Claudio Descalzi with international corruption over the controversial acquisition of an offshore block in Nigeria in 2011. Apart from Descalzi, the charge reportedly extends to the former CEO Paolo Scaroni and nine other people involved in the $1.3 bilion…

PHOTO: Western Isles FPSO launched in China

Rate this article By Offshore Energy Today China’s Cosco Shipyard on Thursday held a launching ceremony for Dana Petroleum’s Western Isles FPSO. According to Cosco, which built the floating production storage and offloading unit, the ceremony was held on Thursday in Qidong, China. Cosco said the FPSO would „soon be towed“ to the North Sea,…

Primoris Services wins LNG plant replacement job

Rate this article By LNG World News Illustration purposes only (Image courtesy of Primoris Services Corporation)Primoris Services Company, through its unit OnQuest, won an engineering, procurement and construction contract to replace an existing facility with a new LNG plant. Under a contract valued at US$100 million, with an unnamed company based in New England, USA,…

Sequa Petroleum to stop Norwegian E&P activities

Rate this article By Offshore Energy Today.. Oil and gas company Sequa Petroleum plans to cease its E&P activities in Norway, conducted through Tellus Petroleum, and focus on acquiring assets elsewhere in Europe. Regarding plans to stop its activities in Norway, Sequa said on Thursday that consultation procedures with Tellus employee representatives have been initiated…