News
Milaha’s net profit slides
Doha-based Qatar Navigation (Milaha) reported a 20.8 percent drop net profit for the first nine months of 2016.
Paris MoU Detains Two Ships
The Paris MoU organization detained two vessels in a Norwegian and a Russian port in September and October this year, respectively. Reefer vessel MV Beam was detained in Batsfjord, Norway, on September 28, 2016. The ship flies the flag of Saint Kitts and Nevis. The second detained ship is general ca
India: September LNG imports rise 32.5 pct YoY
India’s imports of liquefied natural gas (LNG) increased 32.5 percent in September as compared to the same month a year ago, according to the data from oil ministry’s Petroleum Planning and Analysis Cell (PPAC). The country imported 2,375 million metric standard cubic metres (mmscm) of LNG in Septem
Woodside’s sales revenue down despite record LNG production
Australian LNG player Woodside reported a 9 percent drop in sales revenue in the third quarter 2016 when compared to the same period in 2015, due to continued effects of lower oil prices.
Clean Energy opens new LNG station
Clean Energy Fuels opened a new public liquefied natural gas station in Fife, a suburb of Tacoma, Washington.
ACE Winches Presents New Linear Winch at OEEC 2016
ACE Winches will reveal its new 500te Linear Winch at this year’s Offshore Energy Exhibition & Conference in Amsterdam. The new 500te Linear Winch has been designed, engineered and manufactured at ACE Winches facilities in Aberdeenshire, UK. The new product is now in its final stages of FAT testing,
UK: Union calls for public investment in new offshore oil & gas infrastructure
Scotland’s biggest union Unite has called for governments at Westminster and Holyrood to invest in new infrastructure to help take advantage of untapped offshore oil and gas. UK’s Oil and Gas Authority (OGA) on Wednesday published a research on the potential of small pools of oil and gas in UK water
JDR unveils plans for new sevice center in Newcastle
JDR, a supplier of subsea power cables and umbilicals to the offshore energy industry, has unveiled its plan to open a new European service support center in Newcastle. JDR said on Tuesday that the center would consist of a 4000 square meter facility including a workshop, warehouse, and offices. The
Samsung Heavy and ABS design new tension leg platform hull
A joint development project between ABS, a provider of classification and technical services to the offshore industry, and South Korea’s Samsung Heavy Industries (SHI) has resulted in a new tension leg platform (TLP) design. ABS said on Wednesday that the new TLP hull concept named the ‘Samsung Enha
OEEC Gold Sponsor: Crew management in the offshore energy sector
Offshore travel planning can be complex. Inefficient processes, different suppliers, tools, communication channels and the continuous changes can result in a lot of work. Does planning crew rotations for you as a crew or fleet manager take more time than you would like to spend? Do you think it’s fr
RMT: UK Flag Is Failing Seafarers on ACL Ships
New UK-flagged vessels are failing the shipping industry by not employing domestic seafarers, according to the country’s National Union of Rail, Maritime and Transport Workers (RMT). “All of Atlantic Container Line’s (ACL) UK-flagged fleet of new ro-ro container ships – the Atlantic Star, Atlantic S
Italy: HIGAS wins governmental approval for Sardinia LNG project
HIGAS, a joint venture between Gas and Heat and CPL Concordia, received the final governmental approval for the construction and operation of the small-scale LNG storage facility in Santa Giusta (Oristano), Italy.
DW: International E&P firms to go for Brazilian pre-salt fields?
In a move to increase foreign investment amid the nation’s worsening economic position, Brazil’s Congress has approved legislation that will remove state-controlled Petrobras’ obligation as sole operator on the country’s pre-salt developments, Douglas-Westwood, an energy intelligence group, said in
Perisai Petroleum looking at options as noteholders request ‘immediate’ payment
Perisai Petroleum, an oilfield services provider from Malaysia, has received a notice from its noteholders, demanding an immediate payment of the redemption amount of the S$125 million notes together with interest. To remind, Perisai had hoped it would be able to delay the payment date of S$125 mill