Daily Archives: May 10, 2017

BP starts gas production from Taurus, Libra fields in Egypt

By Offshore Energy Today British oil and gas company BP has started gas production from the first two fields, Taurus and Libra, of the West Nile Delta development in Egypt. The company on Wednesday said the project was delivered eight months ahead of start-up schedule and under budget. First gas was exported to Egypt’s national…

Works on gas pipeline stopped after ancient settlement found

By Offshore Energy Today The construction of the Trans Adriatic Pipeline in Albania has been stopped after an ancient settlement has been discovered at the designated route. The pipeline is being built to carry gas from the Shah Deniz field in the Caspian Sea, off Azerbaijan, to Europe. It will connect with with the Trans…

Poten: vessel supply growth expectations weigh on LNG spot charter rates

By LNG World News Illustration purposes only (Image courtesy of GasLog)Liquefied natural gas (LNG) spot charter rates could remain low throughout the entire year, largely due to the expectation of growth in future vessel supply, according to a report by the consultancy Poten & Partners. As the number of active spot market LNG vessels has…

Paragon gets more work for jack-up rigs

By Offshore Energy Today.. Drilling contractor Paragon Offshore has been awarded work for three of its jack-up drilling rigs. According to Paragon’s fleet status report on Wednesday, the jack-up rig MSS1 has been awarded a one-well contract in the UK sector of the North Sea with Centrica. The contract with Centrica will start in early…

Baltic states discussing sustainable LNG supplies

By LNG World News Image courtesy of valitsus.eeThe regional LNG solution must be cost-effective and sustainable in the long term, according to the Estonian prime minister Jüri Ratas. During the meeting in Paldiski, where the Estonian company Alexela is developing an LNG terminal, Ratas and his Latvian and Lithuanian counterparts, Kučinskis and Skvernelis, respectively, discussed…

SBM Offshore still in talks to resolve bribery case in Brazil

By Offshore Energy Today SBM Offshore has yet to resolve its status in Brazil following an alleged corruption scandal. To remind, the world’s largest FPSO vessel provider had in July 2016 signed a settlement agreement with the Brazilian authorities, and Petrobras, closing corruption probe over improper payments to Petrobras’ executives. SBM Offshore has been accused…

JMU, Aluship to develop SPB tanks for LNG fueling

By LNG World News Image courtesy of JMUJapan Marine United Corporation signed a cooperation agreement with Aluship Technology of Poland on the construct self-supporting prismatic-shape IMO type B (SPB) LNG cargo and bunker tanks. Under the agreement, the two companies will provide the technology for the European market. The SPB tanks eliminate the sloshing within…

Offshore worker missing from North Sea rig

By Offshore Energy Today.. Air and sea search operations have been launched in the UK sector of the North Sea for an offshore worker missing from the Noble Corporation-owned jack-up rig Noble Lloyd Noble. The rig is working on the Statoil-operated Mariner field in the North Sea, approximately 90 miles (150km) east of Shetland. According…

Oil price recovery brings Eni back to profit

By Offshore Energy Today.. Italian oil company Eni returned to profit during the first quarter of 2017, versus a loss in the year-before quarter, owing to the upward trend in crude oil prices. The oil company on Wednesday posted a net profit of €965 million, versus a loss of €383 million. According to Eni, this…