Daily Archives: April 15, 2016

Beach Energy exits BMG JV in Bass Strait

Beach Energy Ltd., Adelaide, has flagged its intention to withdraw from the Basker-Manta-Gummy (BMG) joint venture in Bass Strait effective Oct. 27, the end of the current permit year. Read Full Article Here For more great articles: Oil & Gas Journal – General Interest

Primeline starts arbitration against Zheijang. Prepares another for CNOOC

By Offshore Energy Today Chinese energy company Primeline Energy has started arbitration proceedings against Zheijang Gas, relating to a dispute over non payment for gas from an offshore gas field in China. In addition, the company is looking to start another arbitration, against its partner in the field in question, CNOOC. According to Primeline, the…

Report: SapuraKencana set to axe 4,000 jobs

By Offshore Energy Today.. Malaysian oilfield services provider SapuraKencana has reportedly decided to lay off more than 4,000 employees in an effort to reduce costs in a low oil price environment. According to Nikkei Asian Review, an Asia-focused English-language publication, the Malaysian company will cut a third of its workforce that counts over 13,000 employees…

Aker Solutions to revamp Aberdeen facility

By Offshore Energy Today.. Norwegian oil services company Aker Solutions is redeveloping its manufacturing site in Aberdeen. The company said on Friday the move to redevelop the facility was being done in order to “strengthen its capabilities in the UK to offer customers cost-effective services through the life of their subsea assets”. The company has…

USA issues final offshore well control rule

By Offshore Energy Today The Obama administration has announced final well control regulations with the aim to reduce the risk of an offshore oil or gas blowout. According to statement issued by the Department of Interior, the regulations represent one of the most significant safety and environmental protection reforms the Interior Department has undertaken since…

BP signs LNG supply deal with PLN, sets up Tangguh Train 3 FID

By LNG World News UK-based energy giant BP has signed a deal to supply LNG to the Indonesian power utility Perusahaan Listrik Negara (PLN) until 2033. Under the contract signed on Friday, BP will supply 20 cargoes of liquefied natural gas per year to PLN from the Tangguh LNG project from 2017 to 2019, Reuters…