Daily Archives: October 17, 2017

Subsea 7 ends joint venture with Sapura Energy

Rate this article By Offshore Energy Today.. UK-based subsea engineering, construction and services company Subsea 7 has made an agreement with Malaysia’s Sapura Energy Berhad to discontinue the SapuraAcergy joint venture. SapuraAcergy’s 2008-built heavy-lift and pipelay vessel, Sapura 3000, has been sold to a subsidiary of Sapura Energy Berhad, Subsea 7 said on Tuesday. The…

Enagás profit jumps on GNL Quintero contribution

Rate this article By LNG World News Image courtesy of EnagásSpanish LNG terminal operator, Enagás reported a net profit amounts to €375.7 million ($420.5 million) for the first nine months of this financial year. This figure includes the accounting impact of the Quintero LNG plant since January 2017, resulting in an increase of 18.4 percent…

Jadestone boosts Stag output by 40 pct

Rate this article By Offshore Energy Today.. Jadestone Energy, formerly known as Mitra Energy, has increased production from its Stag oil field off Australia by 40 percent since it took over operatorship of the field earlier this year. The field is located in block WA-15-L, 60 kilometers offshore Western Australia in the Carnarvon Basin at…

Quartet to develop FLNG concept for small-scale stranded gas

Rate this article By LNG World News Add Energy has partnered with Transborders Energy (TBE) TechnipFMC and MODEC to create an FLNG business model to unlock small-scale stranded gas resources. The new business model targets discovered gas resources of approximately 0.5 to 2.0 trillion cubic feet of gas that have little value to their current…

ExxonMobil takes Simon Møkster’s supply vessel out of layup

Rate this article By Offshore Energy Today.. Norwegian shipping company Simon Møkster Shipping will take one of its vessels out of layup as a result of a new contract with ExxonMobil offshore Norway. The shipping company’s offshore supply vessel Stril Mermaid will be taken out of layup for a three-month firm contract, which also includes…

Gas Natural Fenosa in $1.2 bln Italian assets sale

Rate this article By LNG World News Spanish LNG operator Gas Natural Fenosa closed the sale of its Italian companies and assets in two separate deals with 2i Rete Gas and Edison, totaling €1.02 billion ($1.2 billion). The closing of operations, which is anticipated to take place between December 2017 and March 2018, is subject…

Small scale FLNG to unlock hundreds of small gas fields?

Rate this article By Offshore Energy Today Four companies, Add Energy, Transborders Energy (TBE), TechnipFMC, MODEC have teamed up to create what they say is unique and fast deployment business model for the FLNG (floating liquefied natural gas) industry that will free up small-scale stranded resources around the world and establish a new concept in…

Jumbo, BBC Chartering in strategic alliance

Rate this article By Offshore Energy Today Jumbo and BBC Chartering, two marine heavy lift and transportation specialists, have agreed to an exclusive strategic co-operation; the “GLOBAL PROJECT ALLIANCE.” According to a joint statement, by joining forces this alliance offers “unrivalled project logistics solutions to EPC’s and project companies.” The objective, the statement further reads,…