Daily Archives: July 18, 2017

Hyperdynamics urges shareholders to approve reverse stock split

Rate this article By Offshore Energy Today Hyperdynamics Corporation, soon to spud its 650 mboe Fatala prospect in Guinea, has reminded owners of its of its common stock to submit their vote on a company proposal that would authorize its board of directors at its discretion to implement a reverse stock split. The company is…

GC Rieber secures more work for ‘Polar Onyx’

Rate this article By _Offshore_Energy_Today_ Norwegian offshore shipowner GC Rieber Shipping has secured a four-month charter extension for its Polar Onyx SURF vessel. GC Rieber won the initial contract for the vessel in early March. At the time, the company said that the charter would see the vessel continue operating in West Africa. The initial…

Court approves Premier’s debt refinancing plan

Rate this article By Offshore Energy Today Premier Oil, a UK-based oil and gas company which has been working on debt refinancing for months, has made a crucial step in its efforts. The company on Tuesday said its schemes of arrangement had received final sanction at a hearing of the Court of Session in Scotland….

Cooper hires Solstad Farstad anchor handlers for rig tow

Rate this article By Offshore Energy Today.. Australian energy company Cooper Energy has hired Norway’s offshore vessel provider Solstad Farstad to support its drilling operations within the Bass Strait region of Australia. Namely, the Australian company has awarded a contract to Solstad Farstad for two anchor handling tug and supply vessels, the Far Statesman and…

Nakilat to explore FSRU business with Höegh LNG

Rate this article By LNG World News Image courtesy of NakilatQatari LNG shipping giant Nakilat on Tuesday signed a memorandum of understanding with Norway-based Höegh LNG to jointly explore the floating storage and regasification unit business. FSRUs have become the technology of choice for countries without LNG receiving terminal infrastructure, enabling better accessibility of clean…

Bureau Veritas approves Wison’s floating LNG power barge

Rate this article By LNG World News Wison Offshore & Marine said its newly-developed floating storage regasification and power generation barge has received approval in principle from Bureau Veritas. The barge or W-FSRP integrates functions of LNG loading and storage facilities, regasification and power generation, with Wison and Bureau Veritas completing the validation for the…

Australia exports over 50 Mt of LNG in FY 2017

Rate this article By LNG World News Australia’s LNG exports are forecast to grow 22.6 percent in the current 2017-2018 financial year after a robust performance in the 12 months to June 30 this year, according to energy consultancy EnergyQuest. In its monthly LNG report for June, EnergyQuest said Australia broke the 50 million tons…

Rolls-Royce lands service agreement for 74 offshore vessels

Rate this article By Offshore Energy Today.. Two offshore vessel operators, Siem Offshore and Subsea 7, have signed a joint three-year service agreement with Rolls-Royce, which covers a total of 74 offshore vessels. This is the first agreement the two Siem-owned companies have signed with the same service provider, Rolls-Royce said on Tuesday. Under the…

Report: Energean in talks to sell more gas from Tanin, Karish fields

Rate this article By Offshore Energy Today Energean Oil & Gas, a Greek oil company that is increasingly looking abroad, is in talks to sell gas from its recently sanctioned offshore development in Israel. According to Globes, a leading business news website in Israel, the Greek company is discussing a gas supply deal with three…

MODEC wins Coral South FLNG mooring system contract

Rate this article By LNG World News MODEC said its unit, SOFEC has been awarded the turret mooring system supply contract for the Eni-led Coral South FLNG project by the joint venture consisting of TechnipFMC and JGC Corporation. The contract is for the engineering, procurement and construction (EPC) of a major internal turret mooring system…