News
EU Ministers Adopt Declaration on Maritime Transport
European Transport Ministers have adopted a ministerial declaration on maritime transport, the European Community Shipowners’ Association (ECSA) informed. The so-called ‘Valletta Declaration’ outlines priorities for the EU’s maritime transport policy, focusing on competitiveness, digitalization and
Putin says Russia will become world’s top LNG producer
Russia will become the world’s biggest liquefied natural gas (LNG) producer, according to President Vladimir Putin. Putin said this on Thursday during a video conference call with chief executives of Russia’s Novatek and France’s Total, the partners in the giant Yamal LNG export project. “Russia, wi
Micro Shelter Solution Puts Galloper Maritime Traffic on Radar
Micro Shelter Solution informed that it had participated to the radar/VTS equipment installation for the Galloper offshore wind farm foundations, all of which are now installed at the project site in the UK.
Bomin Linde LNG becomes Nauticor
Linde Group’s unit Bomin Linde LNG will start operating under the name Nauticor, following the group’s acquisition of all of Marquardt & Bahls’ shares in Bomin Linde LNG in autumn 2016.
Woodmac sees signs of improvement in deepwater sector
Deepwater oil and gas industry, generally considered an expensive investment, has managed to cut its costs to a certain level, allowing its most attractive deepwater projects to now compete with US tight oil plays, Wood Mackenzie said. However, more cuts are needed to drive the deepwater breakevens
Suezmax Tanker on Auction in Singapore
Suezmax crude oil tanker Ambassador, which was arrested on January 19 in Singapore waters, has been put up for auction, according to Supreme Court of Singapore’s data. The court’s data shows that the closing date for bids for the 153,000 dwt vessel is April 12, 2017. The net value of bunkers on boar
Fluxys Belgium upbeat on small-scale LNG as profit slides
Fluxys Belgium, the operator of the Zeebrugge LNG terminal, on Wednesday said its net profit dropped from €49.3 million in 2015 to €33.7 million (Approx: US$36.3 million) in 2016.
Petrobras withdraws from Karoon deal with plans to restart sale
Australian oil company Karoon Gas is no longer in exclusive talks with the Brazilian state-owned oil giant Petrobras regarding the sale of interest in two fields off Brazil as Petrobras is starting a new process. On October 7, 2016, Karoon Gas Australia confirmed the award of the right to negotiate
Opus Marine Nets Arkona Crew Transfer Contract
Hamburg-based Opus Marine has won a contract to provide crew transfer services during the construction of the 385MW Arkona offshore wind farm in the German North Sea.
Husky spills BOP control fluid offshore Canada
Canada’s Husky Energy has reported an unauthorized discharge of Blowout Preventer (BOP) control fluid from the semi-submersible drilling rig Henry Goodrich. According to the Canadian offshore safety body C-NLOPB, the incident occurred on March 26, 2017. Husky Energy estimates that 6397 liters of BOP
Evol LNG to expand its cryogenic ethane business
Australian provider of liquefied natural gas is looking to expand into new and existing markets through the development of its cryogenic ethane business.
All systems go for Geoex’s MCG takeover
Geophysical and geological services company Geoex has completed the voluntary offer to acquire all outstanding shares in the marine seismic data provider MultiClient Geophysical (MCG). Geoex’s voluntary cash offer for all outstanding shares of MCG was made on January 19, 2017, offering NOK 1.40 per
Drewry: No Significant Recovery for Multipurpose Shipping before 2018
Rates in the multipurpose shipping sector seem to have bottomed out as signs of market recovery emerge after ten years, with momentum expected to build over the next few years, Drewry’s latest Multipurpose Shipping Market Annual Review and Forecast 2017 says. Dry cargo demand is forecast to grow by
Novatek boosting Russian LNG capabilities
Russia’s Novatek, the developer of the giant Yamal LNG project, signed on Wednesday a cooperation deal with Atomenergomash, a unit of Russian nuclear group Rosatom. Under the memorandum on strategic partnership and cooperation, the two companies plan to join forces in producing equipment, pipelines