News
A Go-Anywhere Yacht under Passenger Yacht Class and Polar Code
Every superyacht is unique in its own way, but some are more unique than others. One of the most unique superyachts sailing around is Legend, which has a history, capabilities, sailing grounds and purpose which are all very different from any other yacht. Charter business Motor yacht Legend is owned
Nakilat’s profit edges down
Qatar’s Nakilat, the world’s largest LNG shipper, said its net profit for the year 2016 dropped 3 percent compared to the previous year.
India’s LNG imports down almost 15 pct in Jan
India’s imports of liquefied natural gas (LNG) dropped 14.7 percent in January as compared to the same month a year ago. This is the third monthly LNG import decline since April 2016. India’s monthly LNG imports were down in July and December, respectively. India imported 1.64 billion cubic meters o
Creating a smooth transition from operation to cessation
By Lloyd’s Register Life before decommissioning Moving to late-field life is a tough decision to take for any operator, but it can mean more than entering ‘lighthouse mode’ to delay decommissioning liabilities. Radically leaner models of working, coupled with rigorous asset management, will help at
ECSA Condemns Logistics’ Support for Regional Measures
The European Community Shipowners’ Associations (ECSA) has criticized European port and freight forwarder associations which voiced their support of the European Parliament’s position to include shipping in the EU Emission Trading Scheme as of 2023. In mid-February, a majority of Members of the Euro
Shell’s first LNG Outlook: LNG demand to grow at twice the rate of gas demand
The Hague-based LNG giant Shell on Monday launched its first” LNG Outlook”, an assessment of the global liquefied natural gas (LNG) market. According to the outlook, global demand for gas is expected to increase by 2% a year between 2015 and 2030 while LNG demand is set to rise at twice that rate at
DW: Will demand for local content undermine cost cuts drive?
Brazil and Tanzania are two countries at very different stages of oil and gas development, Douglas-Westwood said in its DW Monday report. Brazil is a well-established powerhouse, reeling from a recent corruption scandal, while Tanzania is at the early stage of development after a series of promising
Chevron secures new acreage off Australia
US-based energy giant Chevron, has paid A$3 million (Approx: US$2.3 million) for a cash bid permit to secure the right to explore an area off the Western Australian coast for the next six years.
Kogas, Posco Daewoo ink cooperation deal
South Korea’s Kogas, the world’s second-largest corporate LNG buyer, on Monday signed a cooperation agreement with Posco Daewoo Corp. Under the memorandum of understanding, the two companies will form a joint committee which will explore new businesses overseas and develop technological capacities.
Time-lapse: Ichthys offshore platform ‘coming to life’
Japan’s Inpex has shared a time-lapse video of its giant central processing platform ‘coming to life’. The platform, being built in South Korea by Samsung Heavy Industries, will be deployed at Inpex’s Ichthys offshore gas field in Western Australian waters. The central processing platform was named
Fail-safe design approval for future turbine growth
By Britta Rollert, Director Marketing and Communication, Fraunhofer IWES Before the market launch of newly developed or modified prototypes for offshore applications, the need for extensive tests and feedback from experience gathered in the field is essential. Testing is an opportunity to improve th
First Wikinger Turbine All Done
The first of 70 Adwen 5MW turbines has been successfully installed at the Wikinger offshore wind farm, Iberdrola’s 350MW project in the German Baltic Sea.
LNG giant Shell says Australian oil and gas tax review threatens new investments
Energy conglomerate and the world’s largest LNG company, Shell has voiced its concerns regarding Australia’s proposed oil and gas tax change. Australia, that is set to become the world’s largest LNG exporter, announced in November last year that it would review its petroleum taxes amid a plunge in o
Otto’s Palawan block stake transfer taking ‘longer than expected’
Natural resources exploration company Red Emperor Resources is still waiting for a transfer of Otto Energy’s interest in Block SC 55, in the offshore Palawan Basin in the Philippines. Otto was the operator of SC 55 with 78.18% interest with partners Red Emperor Resources, with 15% interest, and Pala