News
VIDEO: Siem Duo Gets Busy at Nordsee One
Siem Offshore Contractors GmbH ( SOC) has shared a video of two of its vessels, the cable lay vessel Siem Aimery and the installation support vessel Siem Moxie, laying inter-array cables at the 332MW Nordsee One offshore wind farm in the North Sea. Siem worked at the site from June to August 2016. T
Shell buys stake in three Gulf of Mexico pipelines from BP
Shell’s midstream subsidiary, Shell Midstream Partners, has bought stakes in three Gulf of Mexico oil and gas pipelines from BP. Shell Midstream was formed by Shell to own, operate, develop, and acquire pipelines. The company said on Thursday it bought 10% interest in Proteus Oil Pipeline Company, 1
Shell Buys into Three Gulf of Mexico Pipelines
Shell’s subsidiary Shell Midstream Partners has acquired 10% interest in Proteus Oil Pipeline Company (Proteus), 10% interest in Endymion Oil Pipeline Company (Endymion), and a 1% interest in Cleopatra Gas Gathering Company (Cleopatra) from BP. “This acquisition builds on our corridor pipeline strat
Port of Antwerp Posts Record Yearly Box Volume
The Port of Antwerp in Belgium revealed that its yearly container volume has risen above 10 million TEUs for the first time in the history of the port. The box volume increased by 4.1% during the past 12 months and the port expects to end the year at around 118 million tons. Antwerp’s roll on/roll [
Neste to Supply Eckerö Line’s Ferry with Low-Sulfur Fuel
Finland-based oil refining firm Neste revealed it will start to deliver low-sulfur marine fuel to compatriot ferry company Eckerö Line at the beginning of 2017. The agreement signed between the two parties covers M/S Finlandia, a ferry operating on the Helsinki-Tallinn route, throughout 2017. “Refue
Portofino Cove Marina Maintenance Dredging Proposed
The Portofino Cove Yacht Homeowners Association has just presented a plan for the maintenance dredging of the marina located in the northwest region of Huntington Harbor in Huntington Beach, Orange County, California. U.S. Army Corps of Engineers, Los Angeles District, reported receiving an applicat
Scientists Explore Mariana Back-Arc
A team of geologists, chemists, and biologists aboard research vessel Falkor have finished surveying the largely unexplored Mariana Back-Arc for life at depths greater than 13,000 feet (some 3.96 kilometers). Dr. David Butterfield, JISAO, University of Washington, and Dr. William Chadwick, NOAA-PMEL
IUMI: Hanjin Fall Shakes Cargo Insurance Market
The fall of South Korean carrier Hanjin Shipping into rehabilitation at the beginning of September 2016 has sent tremors through the cargo insurance market because of the serious delays and disruption it has caused to the supply chain, particularly to cargoes on the Asia-US route. Fortunately, the v
Petrobras misses two-year sale target. Blames court for blocking Karoon deal
Brazil’s state-owned oil company Petrobras has fallen $1.5 billion short of its two-year asset divestment target. The company blamed the court order blocking the sale of two fields to Australia’s Karoon for missing the target. Petrobras said on Thursday that its divestments program has chalked up a
Hanjin Containership on Auction in Singapore
The 1998-built containership Hanjin Rome, which was arrested on August 29, has been put up for auction in Singapore, according to data provided by the Supreme Court of Singapore. The data shows that the closing date for bids for the 68,955 dwt vessel is January 12, 2017 at 3 pm. The Supreme Court in
GLDD Appoints Ryan Levenson to Board of Directors
The Board of Directors of Great Lakes Dredge & Dock Corporation (GLDD) announced today that Ryan Levenson has been appointed to the Board of Directors, effective December 27, 2016. Mr. Levenson has also been appointed to the Nominating and Corporate Governance Committee. Concurrent with the 2017 Ann
Report: Petronas to relocate PNW LNG docking facilities
Petronas of Malaysia has reportedly decided to alter the design of the planned multi-billion dollar Pacific NorthWest LNG project in Canada by relocating the docking facilities.
Shell comes up dry offshore Tanzania
Oil major Shell has completed the drilling of two exploration wells in Block 1 and 4, located in the Mafia Deep basin, off Tanzania. No hydrocarbons were found as a result. Shell is the operator of these two blocks with 60% interest and Ophir Energy is its partner with 20% stake. The remaining 20% s
Seadrill’s AOD jack-up gets three more years with Saudi Aramco
Offshore drilling contractor Seadrill has received a three-year contract extension from Saudi Aramco for the jack-up AOD III, expiring in December 2019. Seadrill said on Thursday that the extension is in direct continuation of the current contract and will add approximately $112.5 million in contrac