Daily Archives: November 17, 2017

Brazil: Statoil extends drilling management deal with Archer

Rate this article By _Offshore_Energy_Today_ Oilfield services company Archer has received a three-year extension from Statoil for the provision of platform drilling management services on the Peregrino A and B platforms located offshore Brazil. Archer said on Friday that the contract was awarded by Norwegian company’s Brazilian entity, Statoil Brasil Oleo e Gas Ltda., and…

South Korea’s Oct LNG imports down 15 pct YoY

Rate this article By LNG World News Pyeongtaek LNG import terminal (Image courtesy of Kogas)Liquefied natural gas (LNG) imports into South Korea, the world’s second-largest buyer of the fuel, dropped 15 percent in October, according to the customs data. The country imported 2.76 million mt of LNG in October as compared to 3.25 million mt…

Chinese company signs MoU on Djibouti LNG project investment

Rate this article By LNG World News POLY-GCL Petroleum Group, a joint venture between China POLY Group and GCL Group, signed a memorandum of understanding with Djibouti on investing $4 billion in an LNG export project. The memorandum, signed on Monday, will be followed by negotiations over concession agreements with the construction expected to start…

Wison, Shanghai Electric partner up on LNG power barge

Rate this article By LNG World News Image courtesy of WisonWison Offshore & Marine signed a memorandum of understanding on strategic cooperation with Shanghai Electric Power Generation Group on medium to large-scale floating LNG power generation barge. The two companies aim to collaborate on product development, global marketing and technical services as well as the…

WFW advises Hoegh LNG on $230m FSRU financing

Rate this article By LNG World News For illustration purposes only (Image courtesy of Höegh LNG)International law firm Watson Farley & Williams advised Norway-based floating LNG giant Höegh LNG on the $230 million debt financing for its eighth floating storage and regasification unit currently under construction at Hyundai Heavy Industries in South Korea. The facility…

Anadarko to spend $1.1 billion on U.S. Gulf of Mexico in 2018

Rate this article By Offshore Energy Today U.S. oil company Anadarko will spend $4.2 to $4.6 billion on capital investments in 2018. Of this amount, the company will set aside around $1.1 billion for its deepwater Gulf of Mexico operations. The majority of the Gulf of Mexico spending will be focused on high-return oil development…

Picture of the day: Höegh LNG’s ninth FSRU afloat at HHI

Rate this article By LNG World News Image courtesy of Höegh LNGNorway-based FSRU provider, Höegh LNG signed a shipbuilding contract with the South Korean shipbuilder Hyundai Heavy Industries for its ninth FSRU in January. The vessel, currently known as HN2909 will have a storage capacity of 170,000 cubic meters and a regasification capacity of 1,000…