News
Hopper Dredger Kadosh Starts Sea Trials
Krasnoye Sormovo shipyard–part of United Shipbuilding Corporation–has started sea trails for the third 1000m³ trailing suction hopper dredger Kadosh, which is being built for FSUE Rosmorport. The Kadosh, launched on October 5th, left for sea trials on Tuesday, November 1, 2016. Upon completion of th
Teekay LNG’s income slides in Q3
Bermuda-based Teekay LNG Partners, one of the world’s largest owners and operators of LNG carriers, said its adjusted net income for the third quarter 2016 reached US$32.1 million.
Transocean profit hit by impairments, rig grounding
Offshore driller Transocean posted lower profit and revenues for the third quarter 2016 compared to prior-year quarter impacted by asset impairments and restructuring charges as well as expenses related to the grounding of the Transocean Winner drilling rig. Transocean reported net income attributab
OCEAN Alliance Unveils Services Network
Members of the OCEAN Alliance have signed the Day One Product document, setting out the proposed network, including port rotation for each service loop. Under the agreement, the French shipping company CMA CGM, China’s COSCO Container Lines, Hong Kong-based Orient Overseas Container Line (OOCL) and
USACE Announces Stamford Hurricane Barrier Update
A scheduled closure of the navigation gate at the Stamford Hurricane Barrier coastal protection project on the East Branch Harbor in Stamford, CT for maintenance and upgrade work will take place from November 15 through November 16, 2016. According to the U.S. Army Corps of Engineers’ latest announc
BP seeks FERC to act quick on Dominion Cove Point LNG remand
BP filed a motion for expedited action on remand in response to the decision of the US Court of Appeals for the District of Columbia Circuit in BP v. FERC in regards to capacity turn back on Dominion Cove Point LNG.
Port Manatee ships out Air Products’ LNG heat exchanger
Port Manatee on Wednesday said the 500-ton LNG heat exchanger manufactured by Air Products has been shipped from the port in late October.
WHL Energy shifts focus away from oil and gas with final asset sale
WHL Energy is selling its last oil and gas asset which is located offshore Australia thus changing its focus from oil and gas to “internet of things”. WHL entered into a conditional Sale and Purchase Deed with Austral Exploration for the sale of the company’s 100% interest in Exploration Permit VIC/
IGU names new secretary general, relocates to Barcelona
The International Gas Union said that effective November 1, Luis Bertrán Rafecas has assumed the position of secretary general, taking over from Pål Rasmussen.
Gabon grants Nkembe block extension to Pura Vida
Pura Vida Energy, an Australian oil exploration company, has been granted a 12-month extension of the current exploration phase of the Nkembe production sharing contract (PSC), offshore Gabon. The company holds a 100 percent stake in Nkembe production sharing contract, which contains the Loba oil di
Heerema Fabrication Group Cuts Jobs
Heerema Fabrication Group (HFG) has made a decision to implement a reorganization of the company due to poor market conditions in the oil and gas industry. As a result of the restructuring, an anticipated 450 of the existing 770 jobs in the company will be phased out, the company informed. The job l
Dunkirk LNG books third commissioning cargo
France’s fourth liquefied natural gas (LNG) import terminal in the port of Dunkirk is expected to receive another cargo for testing purposes.
Heerema Fabrication Group Cuts 450 Jobs
The Netherlands-based Heerema Fabrication Group (HFG) plans to lay off 450 of the existing 770 employees at the company’s head office in Zwijndrecht, as well as at its yards in the Netherlands, United Kingdom and Poland, partly due to ”the combination of price pressure and unfavourable contractual c
Hjelmsted, NIRAS Dive into New York’s Offshore Wind Development
Hjelmsted Consulting and NIRAS will act as strategic advisors to the State of New York to secure that a significant part of the state’s electric supply will come from offshore wind in 2030. The two companies said they are among the first European advisors to expand their consulting activities in off