News
APPEA warns of gas supply shortage
The Australian Petroleum Production & Exploration Association (APPEA) are calling for increased gas supply and gas suppliers to mitigate supply shortfall expected in 2019.
DOF offloads platform supplier outside offshore oil service industry
Offshore vessel owner DOF has sold one of its platform supply vessels (PSVs) to an unnamed buyer. DOF said on Tuesday that the 2001-built vessel Skandi Waveney would be sold to a company outside Norway and not engaged in the offshore oil service industry. According to the company, delivery is expect
Equatorial Guinea leaves licensing round open until April
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has extended the official closing date of the EG Ronda Licensing Round to April 28, 2017. The Government of Equatorial Guinea said on Monday that, in response to a wave of new exploration interest, it wants to give companies more time to pa
ABS Expands Subsea Services
ABS has expanded its subsea services team to deliver specialized validation and verification services for subsea systems, including subsea hardware, flowlines, umbilicals, and risers. These services include design review, inspection of physical components and regulatory services using performance da
Oversupply Keeps January Vessel Orders at Record Low
Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by IHS Markit show. Specifically, demand for bulk carriers and gas carriers has plummeted as there were no booked orders in January. The appetite of shipowners for tankers over 10,000 dwt has
Total in talks to buy Iranian LNG project
Total is in talks to buy a multi-billion dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.
Clarksons: Vessel Losses – Sailing into Safer Times?
With the improved safety at sea, total vessel losses seem to be on a downward trajectory. 2016 marked the fewest number of ship losses on record although the world fleet reached its greatest ever size, Clarksons Research said. In 2016, reported losses reached a historically low level of 54 vessels a
Cheniere’s unit cashes in $800 mln, plans new $1.35 bln offering
US LNG export player Cheniere said its Sabine Pass Liquefaction unit plans to offer US$1.35 billion senior notes due 2028.
EPG Ships Out Arkona External Platforms
Poland’s Energomontaż-Północ Gdynia (EPG) has loaded and shipped out 26 out of 30 external platforms ordered by Bladt Industries for the 385MW Arkona offshore wind farm. Ten platforms with a total weight 240 tonnes were loaded onto Rix Pacific from EPG’s premises in Gdynia as part of the latest ship
EPG Ships Out Arkona External Platforms
Poland’s Energomontaż-Północ Gdynia (EPG) has loaded and shipped out 26 out of 30 external platforms ordered by Bladt Industries for the 385MW Arkona offshore wind farm. Ten platforms with a total weight 240 tonnes were loaded onto Rix Pacific from EPG’s premises in Gdynia as part of the latest ship
Indian OSV crew finally paid after months of waiting
Twelve crew members of the Indian-owned and -flagged Malaviya 20 offshore support vessel, which has been detained in the UK for months, have finally been paid. The crew of the sister vessel Malaviya 7, however, has yet to be paid. According to a statement by the ITF, which has helped the Indian crew
Eidesvik Sells Viking Poseidon
Norwegian vessel owner Eidesvik has signed a Memorandum of Agreement (MoA) to sell Viking Poseidon vessel to an unnamed client. The deposit has been lodged and the delivery of the vessel is planned to take place mid-March 2017, Eidesvik said. The 130 meters long offshore construction vessel is capab
Newbuild drillship and semi-submersible delivery deferrals at an all-time high
By: David Carter Shinn Deferring deliveries of newbuild rigs has become the trend over the past two years. Shipyards are now sitting with huge outstanding payments which are out of proportion to current asset values. Not long ago, when S-curves were monitored 24/7, the biggest concern for owners of
Chart ships LNG storage tanks for Lithuanian reloading station
Chart Ferox shipped three of five LNG storage tanks for the liquefied natural gas reloading station being developed at the port of Klaipeda by Klaipedos Nafta.