Singapore’s Ezra Says it Faces Court Application to Wind Up Unit of Subsea JV

SINGAPORE, Feb 15 (Reuters) - Debt-laden Singaporean oilfield services firm Ezra Holdings Ltd said late on Tuesday that a creditor of a business owned by an Ezra joint venture had filed a court application requesting that the JV's subsidiary be wound up. Ezra said Necotrans, an Africa-focused logistics firm, is a creditor of EMAS-AMC Pte Ltd, a wholly owned subsidiary of the … [Read more...]

U.S. Moves to Develop Wind Energy Projects Off California and New York

The U.S. Bureau of Ocean Energy Management (BOEM) has made two major steps recently in the development of offshore wind energy projects in federal waters off the coasts of New York and California.  On Wednesday, BOEM announced its first step toward potential leasing for commercial wind energy development off California, completing an initial review of an … [Read more...]

Statoil Releases 2015 Sustainability Report

Statoil has published the annual sustainability report and the payments to governments report for 2015. The company delivered annual equity production of 1.971 million barrels of oil equivalents per day last year, up 2% from 2014 due to start-up and ramp-up on various fields, higher gas sales from the Norwegian continental shelf (NCS) and improved operational … [Read more...]

U.S. Proposes Stricter Air Standards On Offshore Oil and Gas Operations

The Bureau of Ocean Energy Management (BOEM) is proposing to update 36-year-old regulations to make sure that offshore oil and gas activities do not significantly harm the air quality of any state in the U.S. The proposed rules, targeting operations in the Western and Central Gulf of Mexico and the Arctic, are aimed at reducing emissions of Volatile Organic Compounds (VOCs), … [Read more...]