News
Report: Dozens Missing after Ferry Sinks off Yemen
At least 35 people have been rescued, while dozens more are missing after a ferry sank some 380 kilometres off the coast of Yemen, Reuters cited a Yemeni minister. At the time of the incident, the vessel was carrying more than 60 passengers, including women and children. The ferry was on its way fro
‘Pioneering Spirit’ wins TurkStream pipeline contract
The Pioneering Spirit, world’s largest pipelay and construction vessel will be laying a Black Sea gas pipeline after all, after having lost the South Stream pipeline contract almost two years ago. Allseas, the owner of the Pioneering Spirit, said on Thursday it had been awarded a contract to lay the
CWind CTVs Complete Blade Maintenance Work at Three UK Offshore Wind Farms
CWind informed today that it recently provided two crew transfer vessels (CTVs) to support Siemens blade maintenance campaigns at Lynn, Inner Dowsing and Rhyl Flats offshore wind farms. CWind fitted a purpose-built frame to their MPC19 CTV vessels for the blade maintenance work. Lee Andrews, Managin
Scottish Ports Gear Up for 8th Record Cruise Season
Scotland’s ports are preparing for another record-breaking cruise seasons as they saw a seventh best-yet season in 2016, with 676 visits by cruise ships carrying around 484,000 passengers, Cruise Scotland informed. When compared to the cruise season in 2015, cruise ships’ visits increased by 35% and
Green light for Faroe to use Oselvar & Trym facilities and pipelines
Faroe Petroleum has received consent from the Norwegian offshore safety regulator, the Petroleum Safety Authority (PSA), to use the facilities and connected pipelines for the Oselvar and Trym fields, offshore Norway. Earlier this week, Faroe completed the previously announced acquisition of interest
Petrofac Assesses Subsea Cable Risks at Lincs OWF
Petrofac has completed a risk assessment and engineering support project for Transmission Capital Lincs OFTO on two 48km subsea cables connecting the Lincs offshore wind farm with the onshore transmission system. Following a full assessment of the impact of external risks to the cable, such as fishi
Petrofac Assesses Subsea Cable Risks at Lincs OWF
Petrofac has completed a risk assessment and engineering support project for Transmission Capital Lincs OFTO on two 48km subsea cables connecting the Lincs offshore wind farm with the onshore transmission system. Following a full assessment of the impact of external risks to the cable, such as fishi
Thai energy committee approves PTT’s LNG agreement with Petronas
A draft agreement for a long-term LNG supply between PTT and Malyasia’s Petronas has been approved by the Thailand’s energy policy committee on Thursday.
Tetra braces for ‘potential weakness’ in Gulf of Mexico activity
U.S.-based oil and gas services company Tetra Technologies is considering capital raise alternatives to strengthen its balance sheet to address potential weakness in 2017 deepwater Gulf of Mexico activity. Tetra is also looking to address the deferral of certain projects from the fourth quarter of 2
Report: Asian LNG prices rise above $8/mmBtu
Prices for liquefied natural gas (LNG) have increased to their highest since mid-2015 in Asia, boosted by plans by OPEC and Russia to cut crude oil production. Spot prices for Asian LNG increased 50 cents from last week to around US$8.1 per million British thermal units (mmBtu), Reuters reported on
Kogas November sales jump
South Korea’s Kogas, the world’s largest corporate buyer of LNG, reported a 32.5 percent jump in gas sales during November in comparison to the same month last year.
Advertorial: Complete PTO system for sale
By Are Borgesen Founder & Chairman at Tidal Sails AS Tidal Sails is offering for sale the generator, converters, control system and grid connection equipment of its prototype, which is not for sale. The generator is connected to the grid over a regenerative drive. The grid voltage is 230 VAC, and th
Qatar and Glencore buy $11.3 billion stake in Russia’s Rosneft
Anglo-Swiss commodity trader Glencore and Qatar’s sovereign wealth fund have purchased a 10.2-billion euro ($11.3 billion) stake in Russian oil and gas company Rosneft.
Australia’s Santos plans non-core asset sales to cut debt by $1.5 billion
Australian LNG player Santos on Thursday revealed a plan that involves selling off its non-core assets as it is aiming to cut net debt by US$ 1.5 billion within three years. Santos said it will focus on five core, long-life natural gas assets including its GLNG project in Queensland, Papua New Guine