News
UK to Find Place of Refuge for Burnt Bulker
A salvage control unit (SCU) has been established to discuss a place of refuge for the 2015-built bulk carrier V Due after a fire broke out on board the ship off the Isle of Anglesey on December 1, the UK Maritime and Coastguard Agency (MCA) informed. The 37,900 dwt bulker, which remains in a stable
Shell gets nod to use parts of Nyhamna expanded for Polarled
Norwegian offshore safety agency, the Petroleum Safety Authority (PSA), has given its consent to Shell to use the expanded facilities at the Nyhamna gas plant in Norway, that will receive gas from the Polarled pipeline. The 482-kilometer long Polarled pipeline will transport gas from the Statoil-ope
Kogas plans Tongyeong LNG bunkering facility
South Korea’s Kogas, the world’s largest corporate buyer of LNG, is reportedly planning to build new LNG bunkering infrastructure at Tongyeong by 2019. The facility is a part of wider efforts to develop LNG bunkering infrastructure in South Korea against the backdrop of stricter environmental regula
Drewry: Idle Containership Fleet Surges amid Overcapacity
The number of idle containerships increased from 238 vessels with a combined capacity of about 900,000 TEU in November last year to 435 ships, aggregating 1.7 million TEU in early November of this year, representing a strong indication of the current overcapacity, according to shipping consultancy D
ExxonMobil’s PNG LNG project shipped more than 250 cargoes
The ExxonMobil-operated PNG LNG project has sent more than 250 cargoes since it started operations in April 2014 and expects to produce 7.9 million tonnes of the chilled fuel this year, ExxonMobil’s PNG head Andrew Barry said on Monday. The PNG LNG plant located some 20 kilometers northwest of Port
Cheniere’s CCH plans $1 bln senior secured notes offering
Hoston-based LNG export player, Cheniere informed its unit, Cheniere Corpus Christi Holdings plans to offer $1 billion of senior secured notes due 2025. Cheniere Corpus Christi Holdings intends to use the net proceeds from the offering to prepay a portion of the principal amounts currently outstandi
Highlights of the Month: November 2016
Vattenfall Wins Kriegers Flak Tender with EUR 49.9 per MWh Bid Swedish energy company Vattenfall has won the tender to build the 600MW Kriegers Flak offshore wind farm in the Danish part of the Baltic Sea with the lowest ever bid of EUR 49.9 per MWh, 58% below the original cap of EUR 120 per [&helli
Highlights of the Month: November 2016
Vattenfall Wins Kriegers Flak Tender with EUR 49.9 per MWh Bid Swedish energy company Vattenfall has won the tender to build the 600MW Kriegers Flak offshore wind farm in the Danish part of the Baltic Sea with the lowest ever bid of EUR 49.9 per MWh, 58% below the original cap of EUR 120 per [&helli
Panoro starts court action against Aje partners
Panoro Energy has initiated legal proceedings and intends to initiate arbitration following a disagreement with its joint venture partners in license OML 113 off Nigeria, which contains the Aje field, regarding a cash call default notice. On December 2, 2016, Panoro informed of its intention to init
Tom Walters to retire as president of ExxonMobil Production
Energy giant and LNG player, ExxonMobil said Tom Walters, president of ExxonMobil Production Company, will retire after more than 38 years with the Texas-based company. Neil Duffin, currently president of ExxonMobil Development Company, has been appointed by the board of directors to be president of
Pirates Take Three Russian Crew from Merchant Ship
Three crewmembers, citizens of Russia, were taken from the merchant vessel Saronic Breeze after the ship was hijacked off the coast of Cotonou, Benin on November 27, according to The Ministry of Foreign Affairs of the Russian Federation. The kidnapped crew were taken “in an unknown direction” and “n
Basslink Cable Fault Caused by Force Majeure, CEO Says
The Basslink subsea cable fault that led to the December 2015 outage has been described as ‘cause unknown’ by the investigating team. Basslink, a subsea cable connecting George Town in Tasmania and Loy Yang in Victoria, experienced a fault on December 20, 2015, approximately 100 km off the Tasmanian
Top news of the week November 28-December 4
Chevron stops production at Gorgon Train 1, again US-based energy giant Chevron has halted production at the first liquefaction train of its giant Gorgon LNG facility in Western Australia. CB&I wins Tacoma LNG plant job Chicago Bridge & Iron Company has been awarded a contract by Puget Sound Energy
Popular news, November 28 – December 4, 2016
Read the most popular news from the offshore energy sector.