Search results for: race bank

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  • In focus: Energy transition steadily gaining pace across the globe

    13 August 2021
    Business Developments & Projects, Infrastructure, Outlook & Strategy, Regulation & Policy

    The offshore energy sector has this week witnessed the unwavering nature of energy transition which is bound to continue – hopefully at an accelerated pace – as the nature itself steps up its cries for protection by employing the ‘shock and awe’ tactics which set many areas of the world ablaze due to overwhelming heat caused by the climate change – which evidently is progressing at an accelerated rate.

  • AMSA bans bulker for underpaying crew

    18 September 2020
    Authorities & Government, Human Capital, Regulation & Policy, Vessels

    The Australian Maritime Safety Authority (AMSA) has banned the Panama-flagged bulk carrier AC Sesoda for underpaying its crew. AMSA boarded the ship at Mourilyan in Queensland on Thursday, September 10, 2020 to investigate allegations about underpayment. During AMSA’s investigation, evidence emerged that a number of crew members had only been paid half of their wages […]

  • UN bodies outline critical actions to end seafarer crisis

    28 February 2022
    Human Capital, Outlook & Strategy, Regulation & Policy, Safety

    Four UN organisations have issued a joint statement calling for global collaboration to overcome the crew change crisis that at times during the COVID-19 pandemic has left more than 400,00 seafarers stranded at sea.

  • Oil demand recovery at risk over vaccination hiccups, Rystad says

    19 March 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy

    Vaccination hiccups could prevent the recovery of up to 1 million bpd of oil demand in 2021, Norwegian energy intelligence company Rystad Energy has said.

  • Neptune kicks off production from oil & gas field off Norway

    28 April 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Neptune Energy has brought on stream an oil and gas field in the Norwegian Sea off Norway, which has been tied back to Equinor’s platform.

  • AG&P readies to bring first LNG to Philippines in early 2023

    27 October 2022
    Business Developments & Projects, Vessels

    Global liquefied natural gas (LNG) logistics company Atlantic Gulf & Pacific (AG&P) has completed the conversion of the ISH, a 137,512 cbm LNG carrier, into a floating storage unit (FSU) for the first Philippines LNG import terminal (PHLNG). AG&P said that its subsidiary GAS Entec completed the conversion to an FSU in record time. The […]

  • Hapag-Lloyd won’t need state aid to survive COVID-19 crisis

    2 July 2020
    Business & Finance, Business Developments & Projects, Market Outlooks

    German container shipping major Hapag-Lloyd intends to navigate through the coronavirus crisis without seeking state aid.

  • COVID-19 hinders Nordic Shipholding’s merger talks

    27 August 2020
    Business & Finance, Business Developments & Projects

    Discussions on a potential merger between Danish shipowner Nordic Shipholding and an unidentified tanker firm have been delayed due to the impact of COVID-19 pandemic, the company said. “The majority shareholder of the company had commenced merger discussions with a potential entity since late 2019. However, these merger discussions have stalled due to the diminished financial […]

  • Transocean optimistic about contracting after securing new rig jobs

    4 May 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Market Outlooks, Outlook & Strategy, Project & Tenders

    Following new contract awards to its drillships and a harsh environment rig, Transocean is optimistic about contracting throughout the year.

  • Mubadala set to kick-off three-well Manora drilling campaign

    14 May 2020
    Business Developments & Projects, Exploration & Production, Infrastructure, Project & Tenders

    UAE-based Mubadala Petroleum has decided to drill, complete, and put on production three wells in the Manora field in the Gulf of Thailand.

  • Duke Energy to ‘Clean Up’ Pollutants from N.C. Facilities ?

    4 September 2014
    Business & Finance, Project & Tenders

    Conservation groups yesterday filed lawsuits in federal court against Duke Energy seeking to clean up toxic coal ash pollution from three Duke facilities that are contaminating rivers and groundwater supplies that provide drinking water to hundreds of thousands of North Carolinians.　 The Clean Water Act lawsuits were filed by the Southern Environmental Law Center on […]

  • ICS urges govts to prioritize vaccination of seafarers and maritime workers

    20 January 2021
    Authorities & Government, Human Capital, Regulation & Policy, Rules & Regulation

    The International Chamber of Shipping is calling on governments to put seafarers and frontline maritime shore workers at the head of the vaccine queue and to designate seafarers as keyworkers, to avoid a repeat of the 2020 ‘crew change crisis’.  ICS is demanding that governments, who are once again restricting travel as a reaction to new COVID-19 mutations, recognise the vital role seafarers play in the global supply chain.  The shipping industry knows that healthy, […]

  • Qatar delays LNG expansion project start-up to 2025

    8 April 2020
    Infrastructure

    Qatar Petroleum has delayed the production start from its LNG export project to 2025 as it faces bidding process delays. Speaking to Reuters, Saad Sherida Al-Kaabi, the Minister of State for Energy Affairs, the president and CEO of Qatar Petroleum, said the size of the project remains the same. This means the production capacity, once […]

  • Velesto rig lands ConocoPhillips gig

    26 March 2021
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Malaysian contractor Velesto Drilling has received a letter of award from ConocoPhillips for the provision of jack-up rig services.

  • FTAI Ocean’s Smart Tower System out of fabrication hall

    6 May 2021
    Business Developments & Projects, Equipment

    FTAI Ocean’s new well intervention tower system has left the fabrication hall and loaded onto the test and shipping grillage in Teesside, UK. The next step for the Smart Tower System (STS) is to undergo final assembly and testing ahead of shipment and installation on FTAI’s offshore construction vessel M/V Pride. The UK offshore technology […]

  • Dynagas FSRU completes sea trials in China

    20 April 2021
    Infrastructure, Vessels

    Chinese shipyard, Hudong-Zhonghua Shipbuilding, has recently completed the sea trials for the first FSRU it is building for the Greek shipping company, Dynagas.

  • Preparations Underway for Canning Silt Removal Project

    25 January 2018
    Business & Finance

    Work to remove around 14,000 tonnes of silt from Canning Half Tide Dock in Liverpool is due to start next week, ensuring the vital amenity is accessible for the many deep-drafted vessels and international boating events that use the city’s docks. The Canal and River Trust, the charity that cares for Liverpool South Docks, said […]

  • Shell sanctions deepwater project in U.S. Gulf of Mexico

    17 March 2023
    Business & Finance, Business Developments & Projects, Exploration & Production, Project & Tenders

    Shell has taken a final investment decision (FID) for a deepwater project in the U.S. Gulf of Mexico (GOM).

  • Titan completes ship-to-ship bunkering of NYK’s LNG-fueled Jasmine Leader

    12 April 2023
    Business Developments & Projects, Green Marine, Vessels

    Low and zero-emission fuels supplier Titan has completed ship-to-ship (STS) LNG bunkering operation on LNG-fueled pure car and truck carrier (PCTC) Jasmine Leader owned by Japanese shipping company NYK Line. According to Titan, the operation was executed on 8 April in the Port of Antwerp-Bruges in Belgium using the 6,200 cbm LNG bunker vessel Optimus. Prior to […]

  • North Sea workers vote for all-out strike in push against job & pay cuts

    16 November 2021
    Business & Finance, Human Capital, Operations & Maintenance, Outlook & Strategy

    Following a dispute over cuts, Unite has revealed plans to take industrial action, after workers cast their votes to undertake strike action.

  • Equinor to use Transocean rig for Oseberg well ops

    19 March 2021
    Authorities & Government, Exploration & Production, Infrastructure, Regulation & Policy

    Norwegian oil major Equinor has received consent from the offshore safety body, the Petroleum Safety Authority (PSA), for drilling and well operations on the Oseberg field using the Transocean Norge drilling rig.

  • Minister: Labor Party Loses Credibility on Victorian Ports (Australia)

    12 June 2012

    Tim Pallas and the Labor Party have proven once again why they are incapable of managing Victoria’s commercial ports, stated Minister for Ports Denis Napthine. “In Parliament this week and in a press release issued today, Mr Pallas has turned his back on the development of the Port of Hastings, once again doing a double […]

  • Wolverine Dredge on Sand Mining Task

    8 July 2015
    Business & Finance, Equipment, Technology, Vessels

    Coulee Frac Sand, based in La Crosse, Wisconsin, recently took delivery of a 10-inch Wolverine Class cutter suction dredge by DSC Dredge, LLC. The dredge, which was designed and manufactured at DSC Dredge’s Greenbush, Michigan, facility, is mining sand at the PineCrest Mine on the site of Doc’s Bunkhouse campground, near the town of Merrillan […]

  • USA: Pallone Announces Funding for NJ Cleanup Projects

    17 July 2013
    Business & Finance

    Congressman Frank Pallone, Jr. (NJ-06) announced $59,741,909 in new Federal Emergency Management Agency (FEMA) funding to reimburse the New Jersey Department of Environmental Protection (DEP) for the use of contractors to remove an estimated 850,000 cubic yards of sand and other sediment from waterways in the central region of the state. The additional sand and […]

  • Great Yarmouth Coastal Protection Scheme Begins

    11 December 2015
    Business & Finance

    Great Yarmouth Borough Council has started work on an important coast protection scheme for Scratby, which aims to give the community more time to adapt to coastal change. The project is to lay a 877-meter long revetment of about 1,300 gabions – stone-filled and crushed concrete-filled cages – from the existing rock berm at Little […]