News
EIA raises U.S. natgas production estimate
The U.S. Energy Information Administration raised its natural gas marketed production estimate for 2016 by 150 MMcf/d to an average of 77.5 Bcf/d. However, this still represents a decline of 1.3 Bcf/d from the 2015 level, which would be the first annual production decline since 2005, the EIA said in
Advertorial: Online private sale of the seagoing vessel ‘ARGUS’
By BVA-NAUTIC From 5th till 22nd of December a private sale of the seagoing vessel ‘ARGUS’ is organized by BVA-Nautic.com, Europe’s largest online auctioneer to auction boats, ships and (seagoing) vessels. The private sale, by order of the Dutch Ministry of Finance, will be held online, to give bidd
Polarcus cuts guidance
Marine seismic firm Polarcus has lowered its full year guidance for the estimated multi-client prefunding for 2016. The company has said that it expects to report a prefunding level of 120 percent for the full year 2016, down from previously guided 150 percent. Also, the estimated multi-client inves
Fourth LNG tanker joins Petronet LNG fleet
India LNG Transport, a consortium comprising of three Japanese companies and one from India, has taken the delivery of a Petronet LNG-chartered tanker at the Hyundai Heavy Industries shipyard in South Korea. The consortium includes Japan’s NYK, Mitsui O.S.K. Lines, and “K” Line, and the Shipping Cor
Lely Wind Farm Fully Decommissioned (VIDEO)
Nuon, part of Vattenfall, has dismantled four offshore wind turbines with a total capacity of 2MW at the Lely offshore wind farm in IJsselmeer, a freshwater lake in the Netherlands. In late September, the company started the decommissioning works by dismantling the turbines, which was done in three
EDF Managing Blyth OWF Construction from New Project Office
In October, EDF Energy Renewables established a new project office in Blyth to manage the construction of the Blyth Offshore Demonstrator wind farm, located around 6km off the coast of Blyth, connecting to a new substation being built on the site of the former Blyth Power Station. The scheme’s 25‐st
Shell to sign initial Iran oil and gas development deals – Iran
DUBAI (Reuters) – Royal Dutch Shell will sign initial agreements on Wednesday to develop Iranian oil and gas fields, an Iranian official said, the first deal by the world’s second biggest listed oil firm in Iran since sanctions were lifted. Analysts said the deals showed major oil companies were pre
Swire Seabed expands subsea vessel fleet
Norway-based subsea operations specialist Swire Seabed, a subsidiary of Swire Pacific Offshore, has expanded its fleet with a subsea support and construction vessel (SSCV) it had bought from Olympic. The vessel was delivered to Swire on Tuesday, December 6 and renamed from Olympic Athene to Seabed C
One of the world’s largest gas fields boosted by $1 billion ADB loan
The Asian Development Bank said Wednesday it will loan $1 billion for the expansion of Azerbaijan’s Shah Deniz II, one of the world’s largest gas fields. The loan consists of a $500 million private sector loan to the Southern Gas Corridor Closed Joint Stock Company (SGC) and a $500 million sovereign
VIDEO: Design and Engineering (Expertise Hub)
With the offshore wind industry still in process of reaching its full technological and economical potential, innovation and cost reduction are inevitable subject whichever part of the industry one refers to. This might especially be true with design and engineering, where companies are trying to co
Statoil CEO: Norwegian shelf attractive even in low-carbon world
Statoil CEO Eldar Saetre feels the Norwegian Continental Shelf will not lose attractiveness even in the low-carbon future. Also, he feels there’s been much talk, an not enough action when it comes to the climate change. “In a low-carbon future, we need oil & gas producers who can deliver energy at l
TenneT Awards Van Oord’s Safety Approach
Van Oord has won TenneT’s Contractor Safety Award 2016, the transmission system operator’s first ever safety award given in recognition of the best safety performance by a contractor. Van Oord said it was selected from a total of 30 entries because of the verifiable measures taken with its ‘say YES
TenneT Awards Van Oord’s Safety Approach
Van Oord has won TenneT’s Contractor Safety Award 2016, the transmission system operator’s first ever safety award given in recognition of the best safety performance by a contractor. Van Oord said it was selected from a total of 30 entries because of the verifiable measures taken with its ‘say YES
Dreifa Energy, Bernhard Schulte join forces on floating regas solution
Oslo-based Dreifa Energy said it has teamed up with Germany’s Bernhard Schulte Shipmanagement to materialise its floating LNG regasification solution. Dreifa is a new company established by Flex LNG co-founders, Jostein Ueland and Trym Tveitnes that left Flex LNG earlier this year. Ueland and Tveitn