Misuga Kaiun Co. Ltd. (MISUGA), a Japanese-based company engaged in international shipping, was sentenced yesterday in federal court before U.S. District Court Judge Paul G. Byron in Orlando, Florida. The company pleaded guilty to violating the Act to Prevent Pollution from Ships for failing to accurately maintain an oil record book that covered up discharges …
Equinor has agreed to sell a 40.8125 per cent interest in and transfer operatorship of the Bressay oil field development on the UK continental shelf to EnQuest. The initial consideration is GBP 2.2 million ($2.9 million), payable as a carry against 50 per cent of Equinor’s net share of costs, with a contingent consideration of …
EnQuest to operate Bressay field as Equinor halves interest Read More »
Swansea-based company is developing a flexible ocean energy extraction technology that can harness wave energy, wind energy and combined wind and wave energy at grid scale. All the machines share a common floating platform technology said to have cost and deployment advantages over other floating platform approaches.The company behind the above-mentioned develo[…] Premium content You …
PTO search begins as wave energy developer advances to full scale device Read More »
U.S. oil major ConocoPhillips recorded a $1 billion loss in the second quarter of this year due to lower oil prices and production curtailments amid COVID-19 impact. ConocoPhillips on Thursday reported second-quarter 2020 earnings of $0.3 billion compared with second-quarter 2019 earnings of $1.6 billion. Excluding special items, second-quarter 2020 adjusted earnings were a loss …
Red ink for ConocoPhillips on lower oil prices and volumes Read More »
Offshore accommodation provider Floatel International will book impairments of nearly $400 million for the second quarter of the year due to impairments of its vessels made amid challenging market situation. In an update on Thursday, Floatel said it continues to engage in constructive discussions with its key stakeholders on terms for a financial restructuring. The …
Floatel to book nearly $400 million in impairment charges Read More »
Norwegian oil major Equinor has received safety consent from the country’s offshore safety watchdog to use the Maersk Intrepid jack-up rig on the Martin Linge field offshore Norway. The Petrolem Safety Authority (PSA) said on Thursday that the Maersk Intrepid would be used for production drilling, completion and intervention on the Martin Linge field. The …
Green light for Equinor to use Maersk rig on Martin Linge field Read More »
Norwegian oil and gas company Equinor has drilled a dry well near the Johan Castberg field in the Barents Sea offshore Norway. Transocean Enabler rig; Source: Lundin The wildcat well 7219/9-3 is located in production licence 532 where Equinor is the operator. The well was drilled about 25 kilometres south of the Johan Castberg field …
The Freeport LNG export project in Texas led by billionaire Michael Smith, has asked for additional time to develop the project’s fourth train. Courtesy of Freeport LNG Freeport LNG has completed the construction and has already placed in service the first three liquefaction trains at the facility located on Quintana Island. However, due to the …
Freeport LNG seeking permit to delay Train 4 development Read More »
The Scottish government will over the summer release five reports aimed at further informing the relation between seabird population and offshore wind projects. The goal is to inform new guidance on seabird population analysis and map how sensitive certain populations can be to potential offshore wind locations. Two of the reports have already been released, …
Soil Machine Dynamics (SMD) has won contracts to supply two solutions to marine telecommunications company Orange Marine Group. SMD designed the new LARS systems to launch custom trenching ROVs for the burial of underwater fibre optic cables. The solutions are an evolution of SMD’s Wide Angle A-Frame, creating a bespoke system to accommodate a high …
