News
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
Heerema swings axe due to ‘poor market conditions’ in oil & gas
Dutch oil and gas contractor Heerema Fabrication Group (HFG) is reducing its workforce in two yards in the Netherlands, Zwijndrecht and Vlissingen, as well as in Poland and England. In a statement on Wednesday, Heerema Fabrication Group said that due to poor market conditions in the oil and gas indu
MISC Berhad’s Quarterly Profit Plunges
Malaysia International Shipping Corporation Berhad (MISC Berhad), a shipping arm of Petronas, has seen its profit for the third quarter of 2016 drop by some 71 percent compared to the same period a year earlier, amid the prevailing weak market situation. The company’s profit stood at MYR 143.3 milli
Salmanovsky Maintenance Dredging Announced
Maintenance dredging of the Salmanovsky oil and gas condensate field berths has been scheduled for next year, reports the PortNews. Department for Regulation of Natural Resources of the Yamal-Nenets Autonomous District yesterday held a presentation of the dredging project within the water area of be
FAR disputes ConocoPhillips Senegal asset sale
Oil and gas exploration and production company FAR Ltd. is disputing ConocoPhillips’ sale of three exploration blocks offshore Senegal to the Australian energy company Woodside. Namely, ConocoPhillips said late last week it had completed the sale of 35% shares in three exploration blocks offshore Se
Minesto lands new wing
Swedish tidal energy developer, Minesto, has received an improved quarter-scale composite wing that will be used for its Deep Green technology testing.
Full Steam Ahead at Nobelwind: First Turbine Up, OHVS Energized
The Nobelwind offshore wind farm has reached two milestones with the last week of October, when the first MHI Vestas wind turbine was installed and the offshore high voltage substation (OHVS) powered, according to Parkwind’s social media pages. The OHVS for the Belgian offshore wind project, also kn
TraPac Cleared to Expand Oakland Container Terminal
TraPac, an operator of the second largest marine terminal at the Californian Port of Oakland, has received approval from the US Board of Port Commissioners for the expansion project that would nearly double the size of the terminal. TraPac said it is now ready to begin construction on a 57-acre expa
Optime Subsea Services to Supply Hyperbaric Testing System to US Customer
Optime Subsea Services has signed a contract with an undisclosed US-based customer to supply a new hyperbaric testing system (HTS) that simulates hydrostatic pressures found at water depths up to 14,000 meters. The 20,000 psi hyperbaric pressure vessel will be manufactured at Optime Subsea Services
Moody’s Downgrades NYK Line, Outlook Negative
The issuer rating of one of Japan’s Big Three shipping companies, Nippon Yusen Kabushiki Kaisha (NYK Line), has been downgraded to Baa3 from Baa2 with negative outlook, according to ratings agency Moody’s Japan K.K. Consequently, the company’s earnings recovery has been and will likely remain much s
Ireland: New marine R&I strategy up for comments
A new plan setting out Ireland’s Marine Research & Innovation Strategy for the period 2016 – 2021 has been made available for public consultation.
LNG not the fuel to reduce GHG emissions, ABTO leader says
LNG, although seen as the future fuel for marine transport and the next step in reducing the shipping industry’s greenhouse gas emissions, could be worse for the environment than burning heavy fuel oil, head of the Association of Bulk Terminal Operators said.
EIB Mulls EUR 800 Million Loan for NordLink Interconnector
Norwegian transmission system operator (TSO) Statnett and Germany’s DC Nordseekabel GmbH, a 50:50 joint venture between TenneT TSO and KfW, have applied for a EUR 800 million loan with the European Investment Bank (EIB) to partially fund the construction of the 1.4GW NordLink high voltage direct cur
EIB Mulls EUR 800 Million Loan for NordLink Interconnector
Norwegian transmission system operator (TSO) Statnett and Germany’s DC Nordseekabel GmbH, a 50:50 joint venture between TenneT TSO and KfW, have applied for a EUR 800 million loan with the European Investment Bank (EIB) to partially fund the construction of the 1.4GW NordLink high voltage direct cur