Looking ahead to the next 12 months, Wood Mackenzie foresees a mixed mood in the global liquefied natural gas market. In a statement the consultancy observed that the LNG market in 2019 will feature a return of “big LNG buyers” and “a record year for…
A truce has been reached in the dispute over a natural gas pipeline in western Canada, easing tensions for now as government leaders remain wary of intervening on the side of either the company or indigenous protesters. Hereditary leaders of the Wet’suwet’en First Nation…
Norwegian oil company DNO is taking over Faroe Petroleum. After weeks of resisting DNO’s hostile bid of 150p a share, the Faroe board finally yielded. DNO raised the bid to 160p for shares it did not already own on the 8th January and…
Former James Fisher managing director Martin Sisley, offshore energy consultancy Nautilus Associates and a group of specialist investors have formed a new specialist marine services company – Seabed and Offshore Solutions. The new business is based at OrbisEnergy in Lowestoft, the renewables hub for…
The technology group Wärtsilä has commenced site work for a new 378 MW power plant being supplied on an Engineering, Procurement and Construction (EPC) contract in El Salvador. This facility, ordered by Energía del Pacífico, will be the largest and most efficient power plant…
Qatar Re closes curtain on energy book as retrenchment continues On the 7th January it was announced that Qatar Re has exited the energy market as the carrier continues to streamline its business. International Group unveils revised reinsurance structure The International Group of P&I…
Premier Oil has provided a Trading and Operations Update ahead of its 2018 Full Year Results, which will be announced on Thursday the 7th March 2019. Highlights Estimated year-end net debt of US$2.3 billion, below previous guidance of US$2.4 billion and a reduction of…
Venezuela will remap its Caribbean oil and gas prospects in a move which could further stoke a century-long border dispute with Guyana and collide with Exxon Mobil’s venture in the region, people with knowledge of the plan said. The seismic survey is planned for…
KrisEnergy has re-started oil production from the Wassana field in the Gulf of Thailand following the passing of Tropical Storm Pabuk. Crews have returned to the mobile offshore production unit, and the Rubicon Venture FSO has been reconnected to the Wassana field mooring. …
Offshore driller Noble Corporation has reportedly bought another Gusto-designed newbuild jack-up rig from PaxOcean’s Graha yard in Batam, Indonesia. According to VesselsValue, this week the offshore driller has acquired the Jingxuan newbuild jack-up rig which the Indonesian yard originally built for China-based Petrolor Oilfield…
