News
Akastor concludes Mitsui partnership deal
A joint venture between the oil service investment company Akastor and Japanese investment company Mitsui has been approved and concluded. Akastor reported on Thursday November 24 that the agreement with Mitsui & Co., Ltd (Mitsui), and Mitsui O.S.K. Lines, Ltd. (MOL), to create a joint venture with
Wikinger Update: Navantia Sends Off Last Jackets, Turbine Parts Arriving in Sassnitz
Works on Iberdrola’s Wikinger offshore wind project are in full swing as the foundation installation is underway and is expected to be completed soon, as Bladt and Navantia dispatched their final jacket foundations and first components of Adwen 5MW wind turbines arrived at the Port of Sassnitz-Mukra
Lukoil adds more oil to V. Filanovsky production
Russian oil firm Lukoil has completed the third well at offshore Vladimir Filanovsky field in the Caspian Sea, the horizontal section of the well is 1,217 meters long. The well flow is around 3,000 tons of crude oil per day, the company said. The field, 220 km away from the city of Astrakhan, now ha
BGP working on 2D survey off Cuba
Geophysical services company BGP Marine announced last week the beginning of a 2D multi-client survey, offshore Cuba, after signing a 2D multi-client contract with Cuba-Petroleo Company (CUPET). The project comprises 25,000 km of 2D long-offset, high resolution, broadband seismic and gravity data. T
BIMCO Greenlights Ship Financing Term Sheet
International shipping association BIMCO’s Documentary Committee approved a standard term sheet for use in ship financing transactions on November 17, 2016. BIMCO said that the term sheet has been drafted as “a short and simple” standard for use in bilateral ship financing transactions concerning te
Maersk Oil exits Bagpuss, Blofeld licenses
After Premier Oil decided to back away from the Bagpuss license in the North Sea in September, the time has come for Maersk Oil to do the same. According to North Sea Energy, Maersk Oil has decided not to renew the Bagpuss and Blofeld Licence P. 1943 in the UK North Sea. North Sea Energy […]
ENH follows Eni in approving Coral FLNG investment plan
Mozambique’s Empresa Nacional de Hidrocarbonetos has approved the investment plan for its stake in the Coral South FLNG project.
Siemens Celebrates Topping Out in Cuxhaven, Hull Factory to Start Operation Next Week
Siemens held the topping out ceremony for its new wind turbine manufacturing facility in Cuxhaven, Germany, today. The structural steel uprights now stand for the production building in Cuxhaven, which will offer 56,000 square meters of floor space. A two-story building enclosing some 3,800 square m
Siemens Celebrates Topping Out in Cuxhaven, Hull Factory to Start Operation Next Week
Siemens held the topping out ceremony for its new wind turbine manufacturing facility in Cuxhaven, Germany, today. The structural steel uprights now stand for the production building in Cuxhaven, which will offer 56,000 square meters of floor space. A two-story building enclosing some 3,800 square m
NWSA Sees Strongest October Box Volumes Since 2012
This October, The Northwest Seaport Alliance (NWSA) recorded the strongest full load import and export container volumes for the month since 2012. Year to date, imports for October rose to 117,665 TEUs from 106,236 TEUs seen in the same month last year, an increase of 11 percent. In addition, Octobe
Alpha Process Controls dispatches LNG transfer system to GNL Quintero, Chile
Alpha Process Controls completed and supplied its LNG hose transfer system to the GNL Quintero regasification terminal in Chile.
Van Wijngaarden Orders Damen All-Rounder, Eyes Offshore Wind Market
Dutch marine services provider Van Wijngaarden Marine Services has ordered a Damen Shoalbuster 3512, bringing the total number of Shoalbusters in its fleet to five including the Noordstroom, also a Shoalbuster 3512, which was delivered in April 2016. The contract was signed between Van Wijngaarden a
Van Wijngaarden Orders Damen All-Rounder, Eyes Offshore Wind Market
Dutch marine services provider Van Wijngaarden Marine Services has ordered a Damen Shoalbuster 3512, bringing the total number of Shoalbusters in its fleet to five including the Noordstroom, also a Shoalbuster 3512, which was delivered in April 2016. The contract was signed between Van Wijngaarden a
Statoil takes over Carcara discovery (Brazil)
Statoil has completed the $2.5 billion worth acquisition and took over operatorship of a license BM-S-8 located in the Santos basin offshore Brazil. Namely, the Norwegian and Brazilian oil giants, Statoil and Petrobras, have completed their transaction announced back in July, whereby Statoil has acq