Daily Archives: September 4, 2017

KrisEnergy picks PV Drilling rig for Gulf of Thailand work

By _Offshore_Energy_Today_ Petrovietnam Drilling and Well Service Corporation (PV Drilling) has entered into a contract for the provision of the jack-up rig PV Drilling I to the Singapore-based oil company KrisEnergy in Thailand. The two companies entered the deal on August 21, PV Drilling said last week. The work will be performed in Block G10/48…

Spanish gas demand hits record high in Aug

By LNG World News Barcelona regasification plant (Image: Enagás)Spanish natural gas demand rose 18 percent in August year-on year, reaching the highest monthly growth figure in the summer period since 2008 and exceeding the previous record set in July, according to the LNG terminal operator, Enagás. Natural gas demand in August reached 25,100 gigawatt hours…

Pacific Drilling hit with NYSE delisting warning

By Offshore Energy Today.. Offshore driller Pacific Drilling has received notice from the New York Stock Exchange (NYSE) that the company is considered to be “below compliance” with NYSE’s continued listing standards for a listed company. The driller said on Friday that the two NYSE continued listings standards applicable to the company that it is…

Japan’s MOL takes part in India FSRU project

By LNG World News Japan’s Mitsui OSK Lines has joined India’s first newbuilding floating storage and regasification (FSRU) project. MOL said on Friday it signed a deal with Swan LNG Private Limited for the long-term operation and maintenance of a FSRU and a floating and storage unit that would serve as the core receiving facilities…

Johan Sverdrup partners further lower development costs

By Offshore Energy Today.. Norwegian oil company Statoil has completed nearly 60 percent of the Phase 1 of the Johan Sverdrup project in the North Sea while further reducing the gross capital expenditure by NOK 5 billion to NOK 92 billion ($11.8B). Statoil is the operator of the project with 40.0267 percent interest. Its partners…

U.S. wants to speed up approval of small-scale LNG exports

By LNG World News The U.S. Department of Energy (DOE) is proposing a rule that will provide for faster approval of small-scale exports of liquefied natural gas (LNG). The department said in a statement on Friday that this rule would expedite the review and approval of applications to export small amounts of natural gas in…

Finder farms out 90 pct interest in Carnarvon permit to Woodside

By LNG World News Perth-based private exploration company Finder Exploration has entered into an agreement to farm-out 90 percent of its participating interest in exploration permit WA-520-P to Australian LNG operator Woodside. The permit is located in the Northern Carnarvon Basin offshore Australia’s North West Shelf, directly south of the Gorgon and Clio major gas…