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Libya’s Oil Output Slashed as Export Row Rages

May 11, 2016

Libya’s crude oil output has fallen to a trickle amid a standoff over export rights that prevented trading giant Glencore from loading a tanker. Libya is producing around 200,000 to 220,000 barrels per day (bpd) after the largest National Oil Corp (NOC) subsidiary, AGOCO, was forced to slash its output by more than half, an… Continue Reading »

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Cambodia Terminates Petroleum Agreement for CPHL-Held Offshore Block D

May 10, 2016

Mirach Energy Ltd. referred Thursday to its annual report dated April 1, and full year results announcements dated Feb. 29 and March 23; as well as the announcement dated Aug. 6, 2015 in relation to Cambodia Offshore Block D (Block D), held by our associate company CPHL (Cambodia) Co. Ltd. (CPHLC). We had subsequent to… Continue Reading »

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Diana Shipping Inc. announces time charter contract for m/v Alcyon with Norden

May 9, 2016

Diana Shipping Inc. (NYSE: DSX), (the “Company”), a global shipping company specializing in the ownership of dry bulk vessels, today announced that, through a separate wholly-owned subsidiary, it entered into a time charter contract with Dampskibsselskabet Norden A/S, Copenhagen, for one of its  Panamax dry bulk vessels, the m/v Alcyon. The gross charter rate is… Continue Reading »

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Wood Group awarded contract across Shell’s North Sea offshore assets

May 8, 2016

Wood Group has been awarded a three year contract extending its support of Shell’s eight UKCS offshore assets. Wood Group PSN (WGPSN) will continue to deliver maintenance and construction services to the Shearwater, Gannet, Nelson, Curlew, Brent Delta, Brent Alpha, Brent Bravo and Brent Charlie installations. In addition WGPSN will provide engineering modifications to the… Continue Reading »

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Briggs Gets Oil Spill Lead Contract for BP’s Forties Pipeline

May 7, 2016

Briggs Environmental Services has received a five-year contract from BP to act as its oil spill lead across the Forties Pipeline System (FPS) and to provide oil spill response services in the north of Scotland. Under the contract, Briggs will provide specialist advice to BP in the event of an oil spill incident and support BP’s… Continue Reading »

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SeaBird Stays in Black

May 7, 2016

Oslo-listed SeaBird remained in profit at the end of the first quarter 2016, despite weak seismic demand, but still seen a major quarterly profit dive when compared to prior-year quarter. The seismic data provider for oil and gas companies posted profit of $1.8 million or $0.59 per diluted share for the first quarter of 2016, compared to… Continue Reading »

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Shah Deniz Partners award subsea installation contract

May 7, 2016

The Shah Deniz consortium today announced the award of a $1.5 billion contract for the transport and installation of the deeper water subsea production systems for Shah Deniz Stage 2 to the BOS Shelf LLC, Saipem Contracting Netherlands B.V. and Star Gulf FZCO consortium. The scope of work of the contract is for the management… Continue Reading »

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New contract for Olympic Delta

May 6, 2016

Olympic Shipping have contracted Olympic Delta to an international client. The vessel will be employed within renewable energy. Commencement of the contract will be from August and has a fixed period of 120 days plus options potentially extending the period to more than 200 days. Stig Remøy: “For many years we have focused on offering… Continue Reading »

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