News
LNG Limited: Magnolia EPC contract validity extended
Perth-based LNG Limited on Monday said its U.S. unit, Magnolia LNG has extended the validity period of its engineering, procurement, and construction contract signed with KSJV, through June 30, 2017.
Futureproofing ports with corrosion control
By David Edelman, Project Engineer at Queensland Sugar Limited MAINTAINING MAINTENANCE While Lucinda Wharf isn’t QSL’s busiest, it is definitely the largest, notes David Edelman , Project Engineer at Queensland Sugar. David, who helps look after not only Lucinda Bulk Sugar Terminal, but all six of Q
GasLog Partners rakes in $77 million through public offering
GasLog Partners, a limited partnership set up by the Monaco-based LNG shipper GasLog, earned US$77.06 million through the offering of 3,750,000 common units.
Chevron’s Gorgon project ships 39 cargoes, first LNG from Train 3 expected in 2nd quarter
The Chevron-operated giant Gorgon LNG plant on Barrow Island offshore Western Australia has shipped 39 cargoes of LNG up to date, Chevron’s CEO John Watson said on Friday. Production at the $54 billion Gorgon LNG project has been hit several times since it shipped its first cargo of the chilled fuel
Low oil and gas prices push Chevron to loss in 2016
US-based energy giant Chevron, reported a loss of US$497 million for the year 2016, compared to a profit of $4.6 billion a year before.
Report: McDermott to buy ‘Ceona Amazon’ at a hefty discount
Offshore installation player McDermott is reportedly set to acquire the offshore construction vessel Ceona Amazon, and at what discount! According to Nor-Ocean, which cited industry sources, McDermott is expected to finalize the acquisition in February for an estimated $80 million. The shipbroker po
Partial shutdown at gas platform, storage site outage drive prices higher
British wholesale gas prices rose on Monday as a partial shutdown of the Elgin-Franklin platform in the North Sea and an extended outage at a gas storage facility tightened supplies, traders said.
EIA: US natural gas-fired generating capacity likely to rise over next 2 years
The U.S. electricity industry is planning to increase natural gas-fired generating capacity by 11.2 gigawatts (GW) in 2017 and 25.4 GW in 2018, according to the Energy Information Administration. If these plants come online as planned, annual net additions in natural gas capacity would be at their h
Lloyd’s Register expands with Subsea Inspection Service business
Lloyd’s Register (LR), a global engineering, technical and business services organization, has launched a subsea inspection service to support underwater inspections of subsea pipelines, assets, and facilities to offshore energy companies. LR said the services include project management, consultancy
India’s Greatship sheds Greatship Disha platform supplier
Greatship India Limited (GIL), a subsidiary of Great Eastern Shipping, has agreed to sell its one of its platform supply vessels. GIL said last week that the Greatship Disha PSV would be delivered to the buyers in the fourth quarter of the 2017 fiscal year. The buyer and the financial details, howev
The Dutch Maritime Cluster Monitor 2016
The Netherlands is a maritime nation. This fact is proven by the numbers recently released by Maritime by Holland, the organisation that promotes and strengthens the maritime sector in the Netherlands. The maritime cluster generates 3.5 per cent of the total gross domestic product (GDP) of the Nethe
Safe and Cost-Effective Offshore Installation Starts with Deck Layout
Choosing the best deck layout is crucial to the efficiency of the operational and service quality of any offshore installation vessel. Therefore, IHC IQIP is becoming increasingly involved in the handling of structures and piles on deck of installation vessels.
Popular news, January 23 – 29, 2017
Read last week’s most popular news from the offshore energy sector.
Top News of the Week, 22 – 29 January 2017
MHI Vestas Turbine Brings Offshore Wind into 9MW Realm MHI Vestas Offshore Wind has unveiled its uprated 8MW wind turbine which enables the platform to reach 9MW at specific site conditions. Carbon Trust: Floating Wind Is UK’s Golden Ticket A new report published by the Carbon Trust has highlighted