News
Shipping Confidence Steady amid Fierce Competition
Shipping confidence held steady in the three months to end-February 2017, according to the latest Shipping Confidence Survey from international accountant and shipping adviser Moore Stephens. In February 2017, the average confidence level expressed by respondents was 5.6 out of 10.0, unchanged from
Three Missing after Tanker Explodes off China
Three seafarers are missing, while 13 others have been rescued after their tanker Xing Long Zhou 569 exploded on Sunday in the East China Sea, Xinhua cited Shandong Province officials. The province’s Maritime and Rescue authority sent a number of units to assist in the search and rescue efforts, whi
CLNG urges policymakers to expedite LNG exports
The U.S. Center for Liquefied Natural Gas (CLNG) sent letters to policymakers urging the Congress and secretary Perry to support the LNG development and establish a clear regulatory path for U.S. LNG exports.
Offshore Wind Expands Manor Renewable Energy
After recently signing several contracts for offshore wind projects, Manor Renewable Energy (MRE) is expanding its teams both in the UK and across Northern Europe, and plans to surpass 100 staff by Q3 2017.
Accurate and Speedy Subsea Surveys Now Possible
By Khaled Aboud, Global Business Development Manager at MCS In the subsea world, engineers are facing severe challenges, which don’t exist onshore as the light can barely penetrate the depths, resulting in only a few metres visibility ahead, therefore engineers and surveyors have to depend on acoust
Shell to drill more CSG wells in Queensland
Shell’s Australian unit informed its QGC joint venture will contribute to the east coast gas market with the drilling of up to 161 additional wells in Queensland.
UK Turns to China to Boost Maritime Ties ahead of Brexit
The UK is steering its way to China to foster maritime ties ahead of the looming triggering of Article 50 which will lead to the break up of its unity with the European Union. The split-up will require the UK to establish new trade relations as those made through the EU would not be valid any more [
Eni: Jangkrik FPU named in Indonesia
Italian oil company Eni has informed that the naming ceremony of the “Jangkrik” Floating Production Unit (FPU) vessel was held on Tuesday at Saipem Karimun Yard, Tanjung Balai Karimun, Indonesia’s Energy Minister Ignasius Jonan. The FPU will operate in the Muara Bakau PSC located in the Kutei Basin,
Report: Rosneft to supply 10 LNG cargoes to Egypt
Rosneft Trading, a unit of Rusia’s Rosneft, has reportedly agreed to supply 10 liquefied natural gas cargoes to the Egyptian Natural Gas Holding Company (EGAS) by the end of the year.
Magseis looking to hire offshore vessel with seismic equipment
Norwegian geophysical company Magseis has entered into a letter of intent with an unnamed provider of offshore vessels regarding a potential vessel charter. Magseis said in a statement on Tuesday that such agreement includes an option for the lease of certain seismic equipment. However, the company
VIDEO: ‘Ocean Vanguard’ takes Likouf FPU to West Africa
Following a recent start-up of Total’s Moho Nord field offshore Gabon, Boskalis has shared a video of the transportation of the Moho Nord field’s FPU Likouf. Boskalis claims the transport of the 80,500 ton Floating Production Unit (FPU) Likouf onboard the Dockwise Vanguard semi-submersible vessel, f
Chevron ships 50 Gorgon LNG cargoes, says expansion is unlikely to happen
Chevron said Tuesday it has shipped fifty cargoes of liquefied natural gas (LNG) from its troubled Gorgon project in Western Australia since the start-up in March last year. The U.S -based energy giant also cautioned that an expansion of its Gorgon and Wheatstone projects, combined worth about $88 b
Van Oord: 2016 Revenue Declines while Order Book Grows
Van Oord reported a decline in its 2016 revenue and net profit amid challenging dredging and offshore oil & gas markets. However, same as other similar companies, Van Oord said it sees opportunities for growth in the offshore wind sector.
Sovcomflot’s profit slides
Russia’s largest shipping company Sovcomflot posted a 41.7 percent drop in net profit for the year 2016 that was market by market volatility.