Shell revealed on the 23rd March that it has embarked on “a series of operational and financial initiatives” which are expected to contribute US$8-9 billion of free cash flow on a pre-tax basis. The initiatives are expected to result in the reduction of underlying…
Saudi Arabia’s Zamil Shipyards, part of Zamil Offshore Services, and Dutch lifting equipment specialist KenzFigee have signed a memorandum of understanding for the provision of offshore crane services and local construction of KenzFigee offshore cranes and equipment. KenzFigee said on the 22nd March that…
23 March 2020 The Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and has always been a vital route for commercial ships to access five of the world’s Top Ten oil exporting countries, as well as providing a passage to the…
OKEA has confirmed that the Yme redevelopment project in the Norwegian North Sea remains on schedule for first oil in the second half of 2020. The company said it was working with operator Repsol and the other partners to mitigate the impact which travel…
TGS has completed, on-time, the processing of its Erlend Wild West multi-client 3D seismic survey west of Shetland. This data, which offers an enhanced subsurface image of the region to assist in the geological understand of this highly prolific region, is now available and…
The technology group Wärtsilä’s Vessel Traffic Service (VTS) solution will be installed in the port of Callao in Peru, the country’s main harbour and one of Latin America’s most important ports. Dense fog and haze are a consistent challenge for Callao’s port operations, often making shipping…
The US Bureau of Ocean Energy Management (BOEM) has generated over US$93 million in high bids for 71 tracts in Federal waters of the Gulf of Mexico. BOEM said that the region-wide Gulf of Mexico Lease Sale 254 generated US$93,083,453 in high bids covering…
INOX India Pvt Ltd has signed a Memorandum of Understanding with Shell Energy India Pvt Ltd, a subsidiary of Royal Dutch Shell, for partnering and developing the market for LNG supply from Shell’s LNG Terminal in Hazira (District Surat), Gujarat. The MoU includes deployment…
Pembina Pipeline Corporation has announced that it has received approval from the US Federal Energy Regulatory Commission (FERC) for its proposed Jordan Cove LNG terminal and Pacific Connector Gas Pipeline. This approval is a significant milestone for the project and for Pembina, which acquired…
Total has signed an agreement with developer Simply Blue Energy to acquire an 80% stake in the floating wind project Erebus in the Celtic Sea, offshore Wales. The facility, which will be installed in a water depth of 70 metres (230 feet), will have…
