UK-based exploration and production specialist Longboat Energy has confirmed the strategic pivot of its business to focus on Southeast Asia following the sale of its 50.1 per cent holding in Longboat JAPEX Norge. Following a detailed review of its areas of geographic operation, the board and...
Offshore Exploration
New Zealand government to reverse ban on oil and gas exploration
Removing the ban on petroleum exploration beyond onshore Taranaki in New Zealand is part of a suite of proposed amendments to the Crown Minerals Act to deal with the energy security challenges posed by rapidly declining natural gas reserves, New Zealand Resources Minister Shane Jones confirmed. Mr...
US firm unveils new UUV variant
US defence shipbuilder Huntington Ingalls Industries (HII) recently unveiled a new variant of an existing series of unmanned underwater vehicles (UUVs). Each example of the craft will have a compact, two-person-portable design, the ability to easily integrate various payloads, a maximum operating...
VESSEL REVIEW | Huadong Yuan 308 – Exploration jackup for Chinese offshore wind company
Zhejiang Huadong Construction Engineering has completed construction of a new offshore exploration and testing platform ordered by Power Construction Corporation of China (PowerChina). Classed by China Classification Society (CCS), Huadong Yuan 308 is a self-elevating platform that will be used mainly for geological survey, exploration drilling, scientific research, and testing. All these activities will be […]
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Offshore Vessel News Roundup | November 22 – Chinese exploration jackup, FLNG conversion for West African waters and more
Deliveries include a floating LNG liquefaction vessel and an exploration platform that will operate in support of the Chinese offshore wind market. A Chinese yard floats out a new cable-laying vessel with an innovative trenching system. Finally, a Taiwanese wind farm operator will add a second walk-to-work vessel to its fleet. Golar LNG acquires floating […]
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COLUMN | Gaddafi’s crooked rules leave toxic legacy: African ferry scam, Libya looted, ENI investing, divisions unhealed [Offshore Accounts]
Last week, when we looked at the parlous state of governance and government in Africa’s major oil and gas producers, we briefly touched upon the wretched condition of L ..
COLUMN | Namcor’s woes as chair arrested for drugs and managing director suspended over Angolan deal: will Namibia emulate Nigeria or Norway? [Offshore Accounts]
This Easter, after looking at three companies that experienced miracles last week, we move to an entire country that stands on the cusp of a miraculous transformation: Na ..
OPINION | Global energy scarcity and the South China Sea
Last month, the Indonesian government approved natural gas exploration in the Tuna gas bloc, part of the largest untapped natural gas deposit in the world. The developmen ..
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COLUMN | Boardroom battles: What is John Fredriksen’s end-game at Euronav? DOF directors channel Cher whilst Capricorn Energy loses its leadership and likely NewMed Energy’s deal [Offshore Accounts]
After the shocking injustice perpetrated by the cruel and arbitrary governments of Nigeria and Equatorial Guinea on the 26 unfortunate seafarers aboard the crude oil tank ..
VESSEL REVIEW | BGP Innovator – All-electric vessel to support China’s offshore exploration activities
China National Petroleum Corporation (CNPC) has begun operating a new vessel to support offshore oil exploration activities. The Panamanian-flagged BGP Innovator was buil ..
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