Offshore

Höegh LNG Doubles Profit

Oil & GasMarch 1, 2019

Hoegh LNG, a provider of floating liquefied natural gas (LNG) services under long-term contracts, reported a profit after tax of $ 44.98 million

Subsea 7 updates project, vessel developments

Subsea TechnologyMarch 1, 2019

Subsea 7 has issued a progress report on its subsea construction projects in its latest financial review.

ExxonMobil makes deepwater gas discovery off Cyprus

Oil & GasMarch 1, 2019

ExxonMobil has made a natural gas discovery with the Glaucus-1 well offshore southwest Cyprus.

INEOS to overhaul North Sea Forties pipeline

Oil & GasMarch 1, 2019

INEOS plans to spend £500 million ($665 million) on extending the life of the Forties Pipeline System in the UK central North Sea into the 2040s.

Oil majors launch first oil and gas blockchain consortium in US

Oil & GasFebruary 28, 2019

A group of major oil and gas companies have joined forces to establish the first industry blockchain consortium in the United States.

Subsea 7 awarded contract offshore UK

Subsea TechnologyFebruary 28, 2019

Subsea 7 S.A. announced the award of a substantial(1) contract by BP Exploration for the provision of subsea construction, inspection

Teekay puts ethylene carriers into Lauritzen pool

Oil & GasFebruary 27, 2019

Teekay LNG Partners has agreed a deal with Lauritzen Kosan, the gas carrier division of J. Lauritzen, to place its fleet of ethylene gas carriers

Seadrill awarded three rig contracts

Oil & GasFebruary 27, 2019

John Fredriksen’s Seadrill has secured three new rig contracts with total value of around $89m

DOF Bags Three ROV Contracts in Brazil

Subsea TechnologyFebruary 25, 2019

Norwegian supply shipping company DOF Subsea has been awarded contracts for three remotely operated (ROV) Support Vessels with Petroleo Brasileiro S.A.

Sinanju and MOL sign up for Singaporean LNG bunker ship

Oil & GasFebruary 25, 2019

Singapore-based bunkering shipowner and operator Sinanju Tankers Holdings has entered into a shipmanagement collaboration agreement with MOL

Marathon Oil Signs Agreement for Divestiture of U.K. Business

Oil & GasFebruary 25, 2019

Marathon Oil Corporation announced today the Company has entered into a share purchase agreement through its subsidiaries for the sale of its U.K. businesses MOUK

Kenya attacks Somalia on offshore block auction over territorial dispute

Oil & GasFebruary 25, 2019

Somalia is to give offshore blocks to oil companies that are interested, as part of its first offshore licensing round

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