News
Advertorial: HK delivers pumps for JHHI’s biggest dredger
By Obbe van der Meer, Sales Engineer at HK International Jiangsu Haixin Heavy Industries Shipyard (JHHI) is finishing the construction of their biggest Cutter Suction Dredger (CSD) until now. With an impressive total capacity of 6.500 m³/h this unique vessel requires the biggest and strongest high e
EU Urged to Include Shipping Emissions in 2030 Climate Target
Members of the European Parliament have urged Europe to include shipping emissions in the 2030 emissions reduction target through a maritime climate fund, in response to the decision by International Maritime Organization (IMO) to prolong any decision on a global agreement to cut emissions from ship
Increasing Offshore Wind Activity to Fire Up Specialist Vessel Demand
Increased investment in the offshore wind sector could spur demand for specialist vessels, according to Clarksons Research. Bigger turbines and wind farms to be built in deeper waters are likely to drive a need for new, larger wind turbine installation vessels (WTIVs), after investment in WTIVs reac
AGL Energy plans Australian LNG import terminal
AGL Energy is considering building an LNG import terminal in the southeastern part of Australia despite the fact that the country is on its way to becoming the world’s largest exporter of the chilled fuel. AGL revealed on Monday a A$17 million ($12.8 million) study on constructing the LNG import fac
Mitra finalizes Stag oil field acquisition
Mitra Energy has completed the acquisition of the Stag oil field offshore Dampier, Australia, from Quadrant Energy and Santos. Jadestone Energy Australia, Mitra Energy’s subsidiary, has completed the previously announced acquisition on Friday, November 11, and now owns a 100 percent stake in the oil
Statoil committed to ‘Verbier’ drilling
Norwegian oil company Statoil has committed to drill an exploration well in the Licence P.2170, in the UK sector of the North Sea. The news has been revealed by Jersey Oil & Gas, Statoil’s partner in the offshore block, which holds an 18 percent stake there. According to Jersey Oil & Gas Statoil, as
Auckland Council votes against offshore drilling (New Zealand)
Auckland Council’s Governing Body in New Zealand has voted to oppose the proposed offering of petroleum exploration permit applications in the Northland-Reinga and Taranaki Basins, in its submission on the matter to the government. According to a statement on Friday, in a lengthy debate on the econo
Fincantieri in Vard takeover bid
Italian shipbuilder Fincantieri is making a swoop for Vard Holdings Limited, a company building offshore support vessels for the oil and gas industry. Singapore-listed Vard, constructing offshore and specialized vessels, has around 9,000 employees and nine shipyards in Norway, Romania, Brazil and Vi
Woodside names non-executive director
Australian LNG player Woodside on Monday said it has named Ian Macfarlane as a non executive director with immediate effect.
Subsea Asia, OSEA 2016 Partnership Offers Opportunities for UK Firms
Subsea Asia 2016 is set to offer more opportunities for UK businesses to establish links in the region as the event moves to a four-day exhibition running alongside OSEA 2016 International Conference, Subsea UK informed. Subsea Asia provides a platform for suppliers in the subsea industry to meet po
Popular news, November 7 – 13, 2016
The unexpected has happened. Donald Trump will be the next president of the United States of America.
Top news of the week November 7-12
FID reached on Woodfibre LNG project in Canada Woodfibre LNG on Friday said its parent company Pacific Oil & Gas Limited, part of the Singapore-based RGE group of companies, has made the final investment decision for the project. DSME: first Arctic LNG carrier to test icebreaking capabilities during
Pirates Kidnap Six Crew Members off Philippines
Six crew members were kidnapped from a general cargo ship which was attacked by pirates some 10 nautical miles off the Basilan Island, the Philippines, according to data provided by International Maritime Bureau (IMB). In the incident, which occurred in the early morning hours on November 11, ten pe
Petrobras slumps to heavy loss on asset impairments
Brazilian oil giant Petrobras has slumped to a huge third quarter loss of R$16.5 billion ($4.8 billion), a result heavily impacted by asset impairments. The company said the impairment test was conducted in the third quarter, in line with a revision of a set of assumptions, such as Brent crude price