News
NSG Wind Bags Siemens Contract
NorSea Group’s subsidiary NSG Wind has signed a framework services agreement with Siemens Wind Power, which includes subsea, marine coordination, port services and logistics. “It is a stamp of approval for NSG Wind and NorSea Group which proves that the important players in the offshore wind market
Report: Tanzania LNG FID to take five years at least
Reaching the final investment decision on Tanzania’s LNG export project will take at least five more years, according to Statoil’s Tanzania country manager Oystein Michelsen.
Nighttime Turbine Installation at Nobelwind
Installation of wind turbines at the Nobelwind offshore wind farm in Belgium is underway and some of the works are being done during nighttime due to weather conditions. “This is a tricky time of year where every ‘good weather’ window must be optimised, which can result in night-time installations,”
IMDO: Ireland’s Freight Traffic Sees Slight Rise in 3Q
Shipping and port activity in the Republic of Ireland rose by 2% in the third quarter of 2016 when compared to the corresponding period of 2015, according to the latest iShip Index by the Irish Maritime Development Office (IMDO). Four of the five principal freight segments grew in the third quarter
Alphaliner: Panamax Exodus Set to Continue
Over 100 more classic Panamaxes would need to be scrapped in the coming months to re-balance supply and demand, and reduce the total pool to less than 470 units, compared to 670 units four years ago, according to Alphaliner. Only such a drastic reduction could elevate rates from their current all-ti
EMGS confirms Malaysian gig
Norwegian marine survey company Electromagnetic Geoservices ASA (EMGS) has signed a firm contract with an oil company in Malaysia. The signing of the contract follows the provisional agreement announced by EMGS on November 1. This contract extension is worth approximately $8 million. Under the deal,
Hoegh LNG “making progress” on securing work for its 7th FSRU
Oslo-Based Höegh LNG said Thursday it is still in negotiations on securing employment for its seventh FSRU, currently under construction at South Korea’s Hyundai Heavy Industries. The floating LNG company is “making progress” on finding work for the FSRU, on schedule for delivery in March 2017, as w
Santos grabs Papua New Guinea acreage
Australian LNG player, Santos, signed an agreement to acquire 20 percent interest in Petroleum Prospecting License (PPL) 402 in Papua New Guinea, from both ExxonMobil and Oil Search.
Shearman & Sterling advises OneLNG on JV deal with Ophir
New York headquartered law firm Shearman & Sterling advised OneLNG on its agreement to establish a joint operating company with Ophir Energy to develop the Fortuna FLNG project off Equatorial Guinea.
Lloyd’s Register introduces decommissioning support service
Lloyd’s Register, a global engineering, technical and business services organization, has launched a new decommissioning service, with the timing coinciding with the Offshore Decommissioning Conference 2016 held this week in the UK. Lloyd’s Register said on Wednesday that the new service would help
OPITO reveals winners of safety awards
Oil and gas skills and workforce development organisation OPITO has today (17th November) revealed the winners of the Safety and Competency Awards 2016. According to OPITO, the awards celebrate companies across the globe which best demonstrate a commitment to building a safe and competent oil and ga
Report: Japan’s trade commission starts LNG destination clauses inquiry
The Japanese Fair Trade Commission has reportedly launched a formal investigation into the destination clauses within the LNG supply contracts signed by the country’s LNG importers.
Scotland Looks Into Impacts of Brexit on Cruise Industry
Cruise industry operators and representatives are gathering at a summit in Edinburgh today to discuss the potential impact of Brexit on Scotland’s cruise industry, among other issues. The summit comes as Cruise Scotland announced that an estimated 520,000 passengers disembarked at ports across Scotl
IEA sees annual gas demand growth at 1.5 pct
Global natural gas demand is projected to grow by 1.5 percent to 2040 with the markets, business models and pricing arrangements all in flux, according to IEA’s World Energy Outlook 2016.