News
PHOTO: Nautilus’ Seafloor Mining Vessel Floats in Dry Dock
Nautilus Minerals informed that the Production Support Vessel (PSV) was floated in the Fujian Mawei Shipyard dry dock last week to allow the launch of two adjacent vessels. The steel cutting ceremony for the PSV took place on September 25, 2015. The vessel is to be used by the Nautilus Minerals and
EC Launches European Border and Coast Guard Agency
The European Border and Coast Guard Agency has been officially launched today at the Kapitan Andreevo Border Checkpoint at the Bulgarian external border with Turkey, less than a year after it was first proposed by the European Commission. Building on the foundations of Frontex, the European Border a
Report: Tokyo Gas considers swapping LNG cargoes
Tokyo Gas of Japan could swap its United States LNG volumes with equivalent quantities of Asian sourced liquefied natural gas.
PDVSA eyes $4.7 billion debt issue to pay service companies
By Corina Pons and Brian Ellsworth CARACAS (Reuters) – Venezuelan state oil company PDVSA is seeking to issue up to $4.7 billion (3.7 billion pounds) in debt securities to settle unpaid bills to contractors, according to a document seen by Reuters, as the cash-strapped firm scrambles to cope with lo
Petrobras in talks with Karoon for sale of two offshore fields
Brazil’s state-owned oil giant Petrobras is negotiating with Karoon Gas Australia the sale of its participation in the Baúna and Tartaruga Verde fields, located in Santos and Campos basins, respectively. Petrobras said on Thursday that the potential transaction considers the sale of 100% of the stak
Atlantic Offshore to convert ‘Ocean Response’
Atlantic Offshore has, together with Statoil, decided to convert Ocean Response to act as full oil recovery and oil spill vessel within the NOFO 2009 regulations. Atlantic said on Thursday said that the vessel will then have more flexibility to serve as an emergency and response vessel. The modifica
Photo of the Day: Windea La Cour in Action
The new service operation vessel (SOV) Windea La Cour, chartered out to Siemens Wind Power, started its service campaign at the 600MW Gemini wind farm in the Netherlands last month. The vessel, featuring the X-STERN hull, is the first of two SOVs built at Ulstein Verft in Norway which Bernhard Schul
Report: OneSubsea to cut 600 UK jobs?
Up to 600 jobs are at risk at OneSubsea, a provider of subsea solutions for the oil and gas industry, as the company is reportedly looking to shut down a factory in the UK. According to BBC, the company is thinking about stopping manufacturing in the Leeds factory in 2017. The consultation with empl
Report: Bulgaria eyeing 25 pct stake in LNG project off Greece
In order to reduce the reliance on Russian gas, Bulgaria is eyeing a 25 percent stake in the LNG terminal project proposed for the northern coast of Greece.
Norway: Industry body warns about imbalance between oil revenues & spending
The Norwegian Oil and Gas Association (Norsk Olje & Gass), an industry body and employers’ organization, has warned about a ‘serious’ imbalance between oil revenues and oil spending in Norway. According to the organization, the government’s estimate of oil revenues in the 2017 budget is NOK 138 bill
Update: Florida Ports Closed Due to Hurricane Matthew
The US Coast Guard has set port condition Zulu for South Florida ports, closing the ports to all vessel traffic due to the passing of the Hurricane Matthew. The USCG has closed Port Canaveral, Port Miami, Miami River, Port Everglades, Port of Palm Beach, Port of Fort Pierce and all other South Flori
EMGS Vessel Utilization Slips
Norwegian geophysical services company, EMGS, has recorded lower vessel utilization in the third quarter of 2016, compared to the corresponding period in 2015. The utilization dropped from 63% in the Q3 2015 to 52% in Q3 2016. In the Q3 2016, EMGS’ vessels were allocated 31% to multi-client projects
South Africa selects ports to develop LNG-to-power infrastructure
The South African Department of Energy is currently in the process of developing procurement documentation for LNG-to-power independent procurement programme.
Jan De Nul Acquires Eight OSIL Data Buoys
Data buoy manufacturers Ocean Scientific International (OSIL) have recently supplied eight 1.2m buoys to Jan De Nul Group, which will use them on different dredging and renewables projects as platforms for environmental monitoring. Each buoy incorporates a variety of sensors from different manufactu