News
Drewry: Carriers Could See Higher 2017 Contract Rates
The recent rally in Asia to Europe spot market rates has improved carriers’ chances of securing higher 2017 contract rates, according to shipping consultancy Drewry. It has been another typically volatile year as far as the spot freight rate market is concerned with the weekly ups and downs once aga
Statoil affected by another incident offshore Norway
Following three recent incidents on Statoil’s assets off Norway, the Norwegian oil giant was reportedly hit by yet another offshore incident during the weekend when a gas alarm went off on a North Sea platform. To remind, less than ten days ago, Statoil experienced three separate incidents off Norwa
Maersk Drilling cuts HQ jobs due to ‘reduced activity’
Denmark-based offshore driller Maersk Drilling is reducing its headquarter organization by up to 70 positions of which approximately 20 are expected to be vacancies that will not be filled. The company explained on Monday that the reduction is a response to the continued market decline and reduced a
Community Square: New feature at Offshore Energy Exhibition & Conference
Offshore Energy Exhibition & Conference (OEEC), held annually in Amsterdam, The Netherlands, has a new spot on the exhibition floor – Community Square. During the two-day event this week, Community Square, in Hall 5, of the Amsterdam Rai Arena, will be hosting three discussion programs covering vari
ITF Raises New Safety Concerns about Panama Canal’s Locks
The International Transport Workers’ Federation (ITF) again raised concerns about the safety of the Panama Canal’s new locks at a press conference held in Panama city on October 21, 2016. The new alarm over the operation of the Panama Canal was sounded some six months after ITF first presented a saf
Japan’s LNG imports down in September
Imports of liquefied natural gas (LNG) by the world’s largest consumer of the chilled fuel, Japan, decreased 3.5 percent in September compared to the same month in 2015.
With Portable Solution Ballast Water Is no Longer a Bottleneck
The times are gone that a green mindset is just for the idealistic ones among us. Those with a good business sense know that public demand and new regulations create opportunities for environmental friendly products. Take Damen. With their new portable ballast water treatment unit, they enter the ma
Singapore awards Pavilion, Shell LNG import permits
Singapore’s Energy Market Authority (EMA) selected Pavilion Gas and Shell as importers of the next tranche of LNG for Singapore.
Santos sells Victorian gas assets
Australian LNG player Santos agreed to sell its Victorian assets to Cooper Energy for a price of up to A$82 million (Approx. US$62.5 million).
Tidewater gets another waiver extension
Following the one received in September this year, Tidewater, a provider of offshore support vessels (OSVs), has gained another extension from lenders and noteholders to sort out its debt arrangements. The company has been in discussions with its principal lenders and noteholders to amend the compan
Amec Foster Wheeler makes new appointment
London-based LNG engineer Amec Foster Wheeler appointed Philip Luna as senior vice president, business development for its oil & gas Americas business with immediate effect.
DW sees positive spin in wave of upstream contracts due to be awarded
A sustained low oil price environment is a challenging one, with ‘survival of the fittest’ being an undeniable reality of the sector, Douglas-Westwood, an energy intelligence group said its DW Monday report. According to Douglas-Westwood, upstream E&P operators, in the past two years, have scurried
THE WINDS OF CHANGE
Recently, it was announced that oil and gas giant Shell would unveil their ‘New Energies’ division, initiating their first move into the renewables market. With their latest bid already on the table with Eneco and Van Oord, if successful, the oil and gas corporation is set to build its first two off
Wärtsilä’s engines chosen for Argentina’s natural gas power plant
Finnish engine manufacturer, Wärtsilä will supply a 92 MW natural gas-fired baseload power plant to Sullair Argentina.