News
Huisman to supply crane for LNG-powered Sleipnir
Dutch crane specialist Huisman has recently won a contract from Singapore’s Jurong Shipyard to supply a pedestal-mounted offshore crane for the LNG-powered semi-submersible crane vessel Sleipnir. Huisman said in a statement it will deliver one 100 mega-tonne PMOC to the Jurong shipyard for the Sleip
Report: Fortuna FLNG can go ahead without new partners
London-based Ophir Energy can move forward with its Fortuna FLNG project off the coast of Equatorial Guinea without new partners, due to declining cost estimates.
TE SubCom Completes Monet Cable Shore Landing in U.S.
TE SubCom, a TE Connectivity company, has completed the U.S. shore landing for the Monet Submarine Cable, a 10,556 km cable that will connect Boca Raton, Florida to Fortaleza and Praia Grande, Brazil. The 100G-capable cable system, owned jointly by Algar Telecom, Angola Cables, ANTEL and Google, wil
Navig8 Product Tankers Sees Red Ink
Shipping company Navig8 Product Tankers has reported a net loss of USD 5.8 million in the third quarter of the year, against a net income of USD 17.8 million seen a year earlier, amid weak product tanker markets. “Product tanker markets exhibited weakness in the third quarter due to high inventory l
InterMoor Adds New Capabilities to Port Açu Facility
InterMoor has added inspection and testing capabilities to its marine base at the Açu Superport in São João da Barra, Rio de Janeiro, Brazil. The base now boasts a 1,000-ton test bed and can perform load and breaking test for chain, wire rope, and mooring accessories up to 800t SWL. The inspection,
GALLERY: Maersk Invincible rig jacked up in South Korean shipyard
Images: Maersk Drilling Maersk Drilling has shared through its social media channels several images of its latest XLE rig, the Maersk Invincible, fully jacked up at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. Maersk Invincible is the final rig in a series of fo
JDR Secures Largest Array Cable Award in Its History
JDR has been awarded a contract by DONG Energy to supply subsea power cables for the Hornsea Project One. With a total capacity of 1.2 gigawatts (GW), Hornsea Project One will be the first to exceed 1 GW capacity. The project is located 120 kilometers off the Yorkshire coast and will meet the electr
Atlantic Offshore: Another vessel sold for scrap
Shipping company Atlantic Offshore has sold its standby/supply vessel, the Ocean West, for recycling after the vessel completed its contract with Repsol Sinopec in the UK sector of the North Sea. Atlantic was awarded an ERRV contract with Repsol Sinopec, previously known as Talisman Sinopec Energy U
IHC IQIP Gets Maritime Innovation Award for Integrated Monopile Installer
The Integrated Monopile Installer, developed by Royal IHC’s subsidiary, IHC IQIP, has won the Maritime Innovation Award at the 11th Maritime Awards Gala, held on October 31. The award is presented annually for a Dutch innovation from the maritime sector that meets the requirements for widespread pot
KBR plunges into red
Houston-based LNG engineer KBR reported a third-quarter net loss of US$63 million compared to a $55 million profit during the same period a year earlier.
Anadarko reports Q3 loss
Woodlands-based Anadarko on Tuesday reported a loss of US$830 million in the third quarter of this year, as compared to a loss of $2.24 billion in the same period a year ago. On a per-share basis, the company booked a loss of $1.61 compared with a loss of $4.41. The company has slashed its 2016 [&he
Panama Canal Revises Rules on Bunkering Ops for LNG Carriers
Liquefied Natural Gas (LNG) carriers in Panama Canal’s anchorage areas are now permitted to receive bunkers only within the Explosives Area of the Pacific Anchorage on a space-available basis, after coordination with Panama Canal Authority’s (ACP) Flamenco Signal Station, the ACP said. The permissio
BP’s profit almost halves
UK-based energy giant and LNG player, BP reported a 49 percent drop in its third-quarter profit due to lower oil and gas prices and refining margins. The company made $933 million on an underlying replacement cost basis, compared with $1.8 billion in the same quarter the year before. The Brent oil p
Ports of Stockholm Wraps Up Cruise Season with 230 Calls
Sweden’s Ports of Stockholm welcomed 230 cruise ships carrying around 490,000 passengers during the April – October cruise season. In addition, the port said that the number of turnarounds reached a record high with 57 vessels beginning and/or ending their cruises in Stockholm. In October, the Ports