News
MHI Vestas Shifts Into Overdrive at Belfast Harbour (Gallery)
MHI Vestas Offshore Wind is making a maximum use of its Burbo Bank Extension load-out and pre-assembly site at the Belfast Harbour today. The Belfast Harbour has shared images of three vessels being loaded by components which will make up some of the 32 MHI Vestas V164-8.0 MW turbines to be installe
MHI Vestas Shifts Into Overdrive at Belfast Harbour (Gallery)
MHI Vestas Offshore Wind is making a maximum use of its Burbo Bank Extension load-out and pre-assembly site at the Belfast Harbour today. The Belfast Harbour has shared images of three vessels being loaded by components which will make up some of the 32 MHI Vestas V164-8.0 MW turbines to be installe
Ban on Super Puma helicopters lifted
European Aviation Safety Agency (EASA) on Friday, October 7, 2016, decided to lift the temporary flight suspension of the Super Puma EC225 LP and AS332 L2 helicopters from Airbus Helicopters. The Norwegian Civil Aviation Authority put in place the ban on all helicopters of the H225 and AS332L2 type,
‘Malaviya Seven’ case outrageous, RMT rep. says
UK’s RMT union’s representative is fuming against the owners of the Malaviya Seven offshore vessel, detained earlier this week in Aberdeen for not paying its crew, however, he acknowledges that the need for EU Continental Shelf cabotage arrangement is “long overdue.” This is the second time the Indi
EIA: Henry Hub price drops
Natural gas spot prices in the United States were mixed in the week ending September 28 with the Henry Hub price falling 12¢ from last Wednesday, the Energy Information Administration said in its weekly report. The Henry Hub spot price dropped from $2.98/million British thermal units (MMBtu) last We
Environmental group says Alaska oil discovery could put polar bears in danger
A recent light oil discovery on the Smith Bay state leases, offshore Alaska, by the oil company Caelus Energy, has sparked an outrage by an environmental group that claims the discovery could further imperil polar bears. This week’s announcement by Caelus Energy that it discovered, and intends to de
Norway: union, employers reach wage deal, strike avoided
A wages deal between the trade union for personnel working in the Norwegian energy sector, SAFE, and the employers, has been reached in the early hours on Friday, avoiding a strike of some 338 workers.
Brazil: Uncertainty for SBM Offshore continues as prosecutors reject leniency deal again
Dutch company SBM Offshore, supplying offshore oil production facilities, has yet to resolve its situation in Brazil, after its agreement to settle allegations linking it to a bribery case there, have been rejected by the country’s prosecutors. Namely, Brazilian prosecutors on Thursday upheld the pr
Update 2: US East Coast Ports in Lockdown ahead of Matthew
Major seaports in Georgia and South Carolina will shut down their operations in the following few days ahead of the expected arrival of Hurricane Matthew. The Georgia Ports Authority (GPA) has closed the terminals at the Port of Brunswick until October 10, 2016. Port of Savannah terminals will be cl
Australia: LNG exports to rise 40 percent in 2016-17
Australia’s LNG export volumes are expected to increase by 40 percent year on year to 51 million tonnes in fiscal 2016–17, according to the country’s Department of Industry, Innovation and Science. An additional 15 million tonnes of LNG export capacity is expected to be completed by mid- 2017, bring
Cluff opts out of North Sea license deal with Verus
Cluff Natural Resources has given up on a deal with Verus Petroleum for a North Sea license after the UK petroleum regulator decided not to grant an extension of the initial term beyond the end of the year. In March 2016, Cluff signed heads of terms agreement with Verus Petroleum in relation to the
Strike avoided in Norway as workers agree to pay deal
A strike has been avoided in several plants in Norway following mediation on oil agreement between the Norwegian Union of Energy Workers (Safe) and the Norwegian Oil and Gas Association, an employers’ organization. To remind, the union refused to accept the negotiated result for the oil agreement, w
Statoil Aims to Develop Offshore Wind Project off Hawaii
Statoil Wind US has emerged as a new company interested in the development of offshore wind energy off Oahu, Hawaii. The company submitted an expression of interest for the entire lease area off Oahu during the Call for Information and Nominations period. The lease area identified for wind energy de
Drewry: Optimism for Multipurpose Shipping Remains Muted
The last three months have been some of the worst the multipurpose and project carrier sector has endured as the breakbulk and project cargo sector remained weak, with little suggestion that volumes will improve significantly until the end of 2017, according to shipping consultancy Drewry. Rates hav