Daily Archives: November 22, 2016

Io: a new kind of upstream consultancy?

At a trying time for the oil and gas industry Io Oil and Gas Consultancy believes it can offer a new kind of upstream consultancy service – but can it make a difference? Molly Lempriere takes a look. Read Full Article Here For more great articles: Offshore Technology

Semco Maritime bags Aker BP work

By Offshore Energy Today.. Project engineering company Semco Maritime has been awarded a framework agreement with the recently-formed E&P player Aker BP in Norway. The contract is for delivery of offshore personnel to Aker BP, specifically mechanical, electrical, automation instrument, radio, and crane specialists and health counselors. The framework agreement has a duration of three…

Trump to boost US shale gas industry

By LNG World News US president-elect Donald Trump said that among his first actions as president will be cutting some restrictions on the country’s booming shale gas industry. In a brief video released Monday, Trump said he plans to withdraw from the Trans Pacific Partnership trade deal and ditch energy regulations put in place by…

Report: Petronet expects LNG-fueled transport to lift demand

By LNG World News Petronet LNG, India’s largest importer of the chilled fuel intends to focus on ships and vehicles fueled by liquefied natural gas to push the demand up. Prabhat Singh, the company’s CEO said the shift to using LNG as fuel in transportation in India, where a number of industrial users are not…

Petrobras to fight court order blocking offshore assets sale

By Offshore Energy Today.. Following a report by the Australian energy company Karoon on Monday regarding a court order to Petrobras to stop the sale of its interest in Baúna and Tartaruga Verde fields off Brazil, Petrobras has said it intends to fight the order. Petrobras said later on Monday it became aware of the…

Swissco files for judicial management after impasse with creditors

By Offshore Energy Today Singapore’s Swissco, a debt-burdened provider of offshore rigs and vessels, has filed an application to be placed under judicial management after it failed to reach a debt restructuring deal with creditors. The company in its quarterly report last week said it had reached an impasse with its major lenders, citing significant…

Spanish companies ready LNG-fueled locomotive pilot project

By LNG World News Spanish companies Renfe, Gas Natural Fenosa and Enagás started preparing the first pilot test for LNG-fueled locomotives in Europe, in order to verify the feasibility of a solution. The project, carried out in cooperation with Institut Cerdà, ARMF and Bureau Veritas, is also the first in the world for passenger rail…

Environmental group sues Railroad Administration over LNG shipments

By LNG World News The Center for Biological Diversity filed a lawsuit against the Federal Railroad Administration to the United States District Court for the District of Columbia, for refusing to disclose information of the first U.S. rail shipment of LNG. As reported in September, the first twice-weekly test trip was scheduled for September 27…

Eni flirts with renewables. Signs deal with GE

By Offshore Energy Today Italian oil and gas giant Eni, recently mostly in the news for its gas discoveries in Egypt and Mozambique, has also been increasingly flirting with the renewable energy industry, aiming to reduce its carbon footprint. Following a recently signed deal to work on a 20 to 50MW solar plant in Ghana,…

Seadrill 3Q numbers down on idle rigs, impairment

By Offshore Energy Today Offshore drilling specialist Seadrill saw its third-quarter revenue drop 25 percent on lower dayrates and rigs going out of work. Revenue was $743 million, down from $985 million in the third quarter of 2015. During the quarter, the West Orion, West Phoenix, West Alpha, West Pegasus and Sevan Driller drilling rigs…