News
Popular news, Mar 27 – Apr 2, 2017
The most popular articles of the week
U.S. Gulf of Mexico rig fleet up by four units
The U.S. weekly offshore rig count has risen by no less than four units, oilfield services firm Baker Hughes said in its report on Friday. BHI Rig Count: U.S. +15 to 824 rigs U.S. Rig Count is up 15 rigs from last week to 824, with oil rigs up 10 to 662, gas rigs […]
The Re-Emergence of Wind Power
A recently published report entitled “Study on the Analysis of Market Potentials & Market Barriers for Wind Propulsion Technologies for Ships” highlights the future potential for wind power in the shipping industry. The report’s principle author, Dagmar Nelissen, Senior Researcher and Consultant at
Top news of the week Mar. 27-Apr. 1
DSME: world’s first Arctic LNG carrier completes ice trials South Korean shipbuilding giant Daewoo Shipbuilding & Marine Engineering (DSME) said the world’s first ice class LNG carrier, Christophe de Margerie, completed the ice trials in the Arctic Ocean. Update: Petronas’ floating LNG producer load
Sewol Wreck Transported to Port of Mokpo
The wreck of the ill-fated Korean ferry Sewol has been transported to the Port of Mokpo where it would be inspected for the remains of the missing passengers, the Associated Press reports. The corroded hull of the ferry was lifted from the seabed in the morning hours of March 23 following overnight
Report: Shell cutting more than 200 jobs in Norway
Shell is reportedly set to lay off more than 200 workers in Norway, Safe, a Norwegian oil workers union said on Friday. According to a statement by SAFE (in Norwegian) Shell has said it will cut 75 permanent positions and 156 contract workers as projects at its Nyhamna plant and Draugen field in the
SGX, Tullett Prebon launch spot LNG index for Dubai, Kuwait and India
Singapore Exchange and London-based interdealer broker Tullett Prebon have launched a liquefied natural gas (LNG) spot index for Dubai, Kuwait and India. The collaboration, that was announced earlier this year, seeks to “enhance price discovery and risk management” in one of the fastest-growing regi
SCF’s ice-breaking carrier in Yamal LNG first
Christophe de Margerie, the world’s first ice-breaking LNG tanker, has become the first vessel to dock at Yamal LNG’s terminal at Sabetta Port in Russia. The LNG carrier sailed through a new route that could open the ice-bound Arctic Ocean to ships carrying LNG and oil. The vessel was designed to or
Tempest Hits Underwater Object at Kentish Flats
RNLI crews from Whitstable and Sheerness were called around 9.50am on 30 March to assist the Tempest crew transfer vessel (CTV), which had struck an unknown underwater object and was taking in water at the Kentish Flats offshore wind farm area.
SAPETRO joins Hyperdynamics’ Guinea project as 50 pct partner
Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd. (SCS), and South Atlantic Petroleum (SAPETRO) on Friday executed a farm-out agreement for an interest in its Guinea oil exploration program. Hyperdynamics and SAPETRO, a privately held Nigerian oil and gas exploration and production compan
Malaviya 7 OSV arrested. Could be sold to pay crew wages
The UK Maritime and Coast Guard Agency has arrested the Malaviya 7 offshore vessel over unpaid wages to the crew. The vessel, owned by India’s Gol Offshore, had been detained in mid- 2016 for the same reason, but was then released following the payment of the wages, only to be detained again in Octo
Oil retreats, set to become worst-performing asset in first quarter
By Karolin Schaps LONDON (Reuters) – Oil prices fell on Friday after a three-day rally ran out of steam due to a stronger dollar, promising to notch up the oil market’s worst-performing quarter since 2015 as investors fret that growing U.S. supplies are undermining OPEC-led cuts. Brent crude futures
Offshore Wind Capacity: World – 14.1GW, Europe – 12.5GW
According to the latest statistics released by the International Renewable Energy Agency (IRENA), 2016 ended with a total of 14,081MW of offshore wind capacity in the world, 12,471MW of which has been installed in Europe.
Hyundai Heavy Industries develops new LNG regas system
South Korean shipbuilding giant Hyundai Heavy Industries said it has developed a new liquefied natural gas (LNG) regasification system. The shipbuilder on Friday held a demonstration ceremony for the installation of the regasification system using glycol at a 170,000-cbm floating storage and regasif