Sovcomflot lines up cash for Arctic LNG 2 carriers
Sovcomflot has signed an agreement on lease financing with VEB.RF Group, for the first of a series of icebreaking LNG carriers (LNGCs) that will serve Arctic LNG 2.
Sovcomflot has signed an agreement on lease financing with VEB.RF Group, for the first of a series of icebreaking LNG carriers (LNGCs) that will serve Arctic LNG 2.
As decommissioning becomes a significant part of activity on the UK Continental Shelf, more businesses are taking the opportunity to expand their existing offerings to include decommissioning-related services.
Oil demand will reach 101 million barrels per day in 2020, OPEC’s World Oil Outlook (WOO) has said.
Impairment charges of £265million from a “prolonged downturn and weaker outlook in the North Sea” have taken Prosafe to a heavy loss in the third quarter.
Engineer Weir has warned over profits in its oil and gas division and revealed a fifth of its US workforce has been axed as it battles against tough trading in America.
An industry body will warn there is “much more to be done” to prevent major leaks in the North Sea at an Aberdeen conference later.
Losses narrowed at Plexus Holdings in 2018-19 as the oil-well-technology firm’s “rebuild and reset” plan showed promising signs.
Energy service firm Sparrows Group has created more than 150 new positions in the United Arab Emirates (UAE) after winning contracts worth more than £55 million over the past three months.
An Aberdeen-headquartered company is facing a further legal battle after winning a £33million ruling over a major North Sea pipeline system.
The UK oil and gas sector must be alive to the threat of rising costs in its quest to become the global expert in cost-effective decommissioning, industry experts have warned.
Oil firm EnQuest has said it is working with suppliers on a range of options for restoring the Thistle platform to production.
It was the beginning of an exciting week when Greenpeace announced they had sent activists to the middle of the North Sea to climb the remains of Shell’s Brent platforms, brandishing signs of “clean up your mess”.
The UK arm of oilfield service company Halliburton has swung back into black after shrugging off previous financial losses.
Houston oilfield service company McDermott International posted another steep loss during the third quarter amid falling stock prices and cost overruns on multiple projects, including two liquefied natural gas plants near the Bayou City.
Paradigm Drilling Services (PDS) based at Thainstone, near Inverurie, has beefed up its presence in Mexico and the Middle East to cope with growing demand for its innovative offshore drilling equipment.
Four crew members have been kidnapped from a Greek oil tanker off Togo, following the seizing of nine sailors from a vessel carrying gypsum on November 2 off Benin.
Hungarian oil firm Mol Group has confirmed today that it will buy up Chevron's mid-stream interests in Azerbaijan for more than £1.2 billion.
At the Offshore Decommissioning Conference which Oil and Gas UK co-hosts with Decom North Sea, OGUK will launch its flagship Decommissioning Insight report and highlight new supplementary guidelines which capture how fast the sector’s knowledge of project scopes has grown in recent years.
Integrity management specialist Plant Integrity Management (PIM) is joining forces with EPCC, a high performance computing (HPC) research specialist based in Edinburgh, to investigate the benefits of cutting-edge data analysis and artificial intelligence to the integrity management sector of the oil and gas industry.
While low LNG spot prices have taken their toll, the Europe’s two major players in the sector, Total and Shell, performed strongly in the third quarter.
Energy company Cuadrilla has said it will work to "address concerns" over fracking so that the moratorium announced by the Government can be lifted.
Kosmos Energy notched up $16 million in net income for the third quarter, while also celebrating a discovery offshore Equatorial Guinea.
The Treasury has said it “remains committed” to changes to contractor pay rules by April, despite a delayed budget and the upcoming general election.
Oil major BP has dished out a contract to Rever Offshore for a subsea tie-back project in the UK North Sea.
The number of North Sea projects approved so far this year is well below Oil and Gas Authority predictions, according to a leading analyst firm.