Daily Archives: December 12, 2016

Eni hires Stril Mar vessel for Barent Sea drilling support

By Offshore Energy Today Norway’s Simon Møkster Shipping has found work for its Stril Mar vessel. The company’s newest vessel will work under a contract with Eni Norge in Norway. The contract, starting in a week, is for 13 months firm plus options. The vessel will assist the Scarabeo 8 offshore drilling rig during exploration…

Farstad Shipping grabs Ichthys LNG work

By LNG World News Farstad Shipping on Friday said it has grabbed several contracts in Australia, among which are two for the support of Inpex-lead Ichthys LNG project. The company, that operates a fleet of 55 vessels with one subsea vessel under construction, said that the Ichthys LNG project extended the contract for the anchor…

Bahrain LNG secures funds for import terminal project

By LNG World News Bahrain LNG said it has completed limited recourse financing for the LNG receiving and regasification terminal project. Bahrain LNG is jointly owned by the Oil and Gas Holding Company (nogaholding) and a consortium consisting of Teekay LNG Partners, Gulf Investment Corporation (GIC) and Samsung C&T (Samsung). A syndicate of nine international…

General Dynamics NASSCO launches SEA-Vista’s third LNG-ready tanker

By LNG World News Image courtesy of General Dynamics NASSCOSan Diego-based shipbuilder General Dynamics NASSCO over the weekend launched the third LNG-ready product tanker being built for SEA-Vista. The vessel, named Liberty is a part of a three ECO class tankers contract with SEA-Vista, a SEACOR Holdings and Avista Capital Partners company. In a brief…

Another oil and gas exec heads to security sector

By _Offshore_Energy_Today_ G4S, world’s largest security company by the number of employees, has once again reached into the oil and gas talent pool. The company has named Tullow Oil’s chief financial officer Ian Springett a non-executive director of its board effective January 1, 2017. He will also be joining its Risk Committee and become chairman…

Rosneft buys into Eni’s giant gas discovery (Egypt)

By Offshore Energy Today Italian oil and gas company Eni is trimming its stake in the giant Zohr discovery, offshore Egypt. Namely, the company will sell a 30 percent stake in the Shourouk Concession, containing the Zohr, to Rosneft. The sale, announced on Monday, follows a recent divestment of a 10 stake in the license…

Gazprom, Kogas ink LNG cooperation deal

By LNG World News Kogas CEO Lee Seung-hoon and Gazprom’s Alexey MillerRussian state-owned energy giant Gazprom on Friday signed a cooperation agreement with South Korea’s Kogas, the world’s largest corporate buyer of LNG. The deal, signed by Gazprom’s head Alexey Miller and CEO of Kogas Lee Seung-hun, “stipulates the development of partnership between Gazprom and…

Non-Opec nations agree to cut oil output

By Offshore Energy Today Following the recent agreement by OPEC members to cut production to stabilize oil prices, the cartel on Saturday held a meeting with a number of non-OPEC nations which have committed to cut their output as well. Oil price on Monday rose to highest level since mid-2015. Ministers from OPEC met with…

Atlantic takes operatorship of Orlando & Kells licenses

By Offshore Energy Today.. Faroese oil company Atlantic Petroleum has gained operatorship over two UK North Sea licenses, the Orlando and Kells. Atlantic requested to be named the operator of UK Licenses P.1606 and P.1607, the Orlando and Kells, at the end of November as the previous operator, Iona Energy, is currently under administration. The…