News
TechnipFMC starts trading on Tuesday
Technip and FMC Technologies are set to finalize the merger on Monday, January 16, 2017, after close of business. The two oilfield services companies issued a joint statement on Monday, saying that TechnipFMC, a company to be established by the merger, secured a visa from the French stock market reg
Shell ditches Nova Scotia wildcat
Oil major Royal Dutch Shell has completed drilling operations at the Monterey Jack well, offshore Nova Scotia. The well is located in the Shelburne Basin, about 250 kilometers off southwestern Nova Scotia. Canada-Nova Scotia Offshore Petroleum Board (CNSOPB) said last Friday that Shell would be aban
LNG Limited says it can’t explain rise in its share price
LNG export terminal developer, LNG Limited on Monday issued a comment after it had been asked by the Australian Stock Exchange on the reasons behind a 23 percent rise in the company’s share price. LNG Limited securities rose from a closing price of A$0.70 on January 10 to a high of $0.86 on January
U.S. LNG could upset Gazprom’s dominance in Europe under Trump’s administration
Following the appointment of Rick Perry, former Texas governor, as the head of the US Department of Energy, U.S. LNG exports could threaten Russia’s position in the European gas market.
SBM Offshore: Floating Wind Technology Is the Future (Interview)
Pilot floating wind farm projects such as the ones recently approved in France provide floating technology developers with a chance to demonstrate that their products can be a part of the future energy mix, Joost Heemskerk, SBM Offshore’s Renewable Energy Product Line Director told Offshore WIND.
SBM Offshore: Floating Wind Technology Is the Future (Interview)
Pilot floating wind farm projects such as the ones recently approved in France provide floating technology developers with a chance to demonstrate that their products can be a part of the future energy mix, Joost Heemskerk, SBM Offshore’s Renewable Energy Product Line Director told Offshore WIND.
Oil firm turns to subsea vessel market
Oil company Global Energy is changing course and is set to become a provider of offshore subsea services vessels in the U.S. Gulf of Mexico. Global Energy, the AIM-listed producer and seller of hydrocarbons with assets in Colombia, said on Monday it would enter the subsea services industry through t
Japanese Whaling Fleet Located in Australian Sanctuary
The Japanese whale poachers’ factory whaling vessel was located in the Australian Whale Sanctuary with a dead minke whale on its flensing deck, the first to be documented since the International Court of Justice ruled against their whaling operations in the Antarctic in 2014, according to Sea Shephe
Interview: TE SubCom Aims Towards New Acheivements
SubCom is global supplier of undersea communications technology and marine services. The company designs, manufactures, and installs fiber optic cable systems around the world. To date, SubCom deployed more than 100 cable systems and enough subsea cable to circle the Earth more than 15 times at the
DNERR: Spotlight on Tidal Marshes
The Delaware National Estuarine Research Reserve (DNERR) recently collaborated with 15 other National Estuarine Research Reserves in 13 coastal states on a research study that examined the capabilities of tidal marshes to keep pace with sea level rise. Results of the pioneering study, “Rising to the
Boskalis Wins LOI for Omani Port Development Project
Dutch dredging and maritime company Royal Boskalis Westminster N.V. has received a Letter of Intent to Award a contract for the development of the port of Duqm in Oman. The contract, which has a value of EUR 480 million (USD 509.2 million), would be awarded by Special Economic Zone Authority Duqm (S
Gallery: NREL starts StingRAY testing
The National Wind Technology Center (NWTC) has begun validation work on Columbia Power’s StingRAY wave energy device.
PLSV Skandi Vitoria lands Petrobras gig
Brazilian oil company Petrobras has awarded the Brazilian-built pipe-lay support vessel (PLSV), Skandi Vitória, a contract of 532 days. The vessel is owned through a joint venture between the Norwegian shipping company DOF and the French oilfield services provider Technip. DOF said on Monday that th
Berge Bulk Adds Sixth Handysize
Singapore-based dry bulk owner and operator Berge Bulk took delivery of Berge Rishiri, its sixth Handysize vessel, from Japan’s Namura Shipyard on January 16, 2017. The company decided to diversify into the Handysize market and ordered the six 34,000 dwt vessels from the Japanese shipyard in 2013. S