News
Standard Drilling enters platform supply vessel market
Standard Drilling, the used-to-be drilling contractor, is moving into the offshore support vessels sector. More precisely, the company has entered the platform supply vessel market with the acquisition of 20 percent stake in PSV Opportunity I DIS for $2.4 million. PSV owns three mid-sized PSV vessel
Oil edges up on talk of possible exporter moves to prop up market
By Henning Gloystein SINGAPORE (Reuters) – Oil prices edged up on Friday, remaining near the previous day’s highs, on the prospect of talks by exporters about ways to prop up a market grappling with a supply overhang. Brent crude futures were trading at $46.12 per barrel by 0645 GMT, receding from a
Trinidad’s LNG production down in June
LNG production at Trinidad and Tobago’s sole liquefaction and export facility at Point Fortin has continued to decline in June due to ongoing gas supply shortfalls in the country. Atlantic LNG’s 14.8 mtpa Point Fortin facility produced 2.0 million cubic meters in June, a drop of 15.2% as compared th
Indian Oil seeks two LNG cargoes for Oct delivery
Indian Oil Corp. has reportedly issued a tender to purchase two cargoes of liquefied natural gas (LNG) for October delivery. The tender is valid until August 23, Reuters reported on Friday citing trading sources. IndianOil is co-promoter of India’s largest LNG importer, Petronet, which has two impor
Deepwater Wind Moors in Massachusetts
Following the new Massachusetts energy legislation, which calls for 1,600MW of offshore wind capacity by 2027, entering into law, Deepwater Wind has appointed Matthew Morrissey, the managing director of Offshore Wind: Massachusetts, to head its operations in the state. According to South Coast Today
UK offshore workers strike suspended for fresh talks
Industrial action by Wood Group’s offshore workers has been suspended to allow for fresh talks between the company and the unions, the RMT union has said. To remind, Wood Group’s workers on Shell’s seven North Sea platforms participated in two strike actions in a dispute over proposed cuts on pay an
Portugal to get Nigeria LNG cargo
REN’s Sines LNG terminal located on Portugal’s Atlantic coast is scheduled to receive a cargo of the chilled fuel from Nigeria’s Bonny export plant. The 148,565-cbm LNG Kano, owned by BW, is due to dock at the Sines import terminal on Friday, according to the shipping data by the port of Sines. Port
Chesapeake exits Barnett shale
Chesapeake Energy, the second-largest US gas producer said it agreed to sell its interests in the Barnett shale operating area in North Texas to private equity-backed Saddle Barnett Resources. Properties in the proposed Barnett transaction include approximately 215,000 net developed and undeveloped
SLT Gets Full Landing Status of SEA-ME-WE 5 in Matara
Sri Lanka’s national ICT solutions provider, Sri Lanka Telecom PLC (SLT) has gained full landing status of SEA-ME-WE 5 cable station in Matara, Sri Lanka. The SEA-ME-WE 5 submarine cable has been designed with the upgradable 100Gbps technology, enabling an initial system capacity of 24Tbps per secon
DEP’s Artificial Reef Program Resumes
The Department of Environmental Protection’s artificial reef deployment program is back on course as a result of restoration of federal funding. The DEP’s Division of Fish and Wildlife plans to sink as many as 10 vessels by the end of fall to become part of the its network of artificial reefs. Three
Chevalier Floatels Wraps Up Three TenneT Gigs
Chevalier Floatels informed today that it had executed three logistics contracts for TenneT this summer, after being chosen by Global Renewables Shipbrokers (GRS) on behalf of the transmission system operator (TSO) to support scheduled summer campaigns in Germany. The company’s recently upgraded ves
Van Oord Enters Home Stretch at Gemini
As of yesterday, 138 wind turbines, representing over 90% of the total wind turbines, have been erected at the 600MW Gemini offshore wind farm, with 105 of the installed turbines producing power. This was reported within Northland Power’s Q2 and H1 2016 financial results. The company owns two offsho
Van Oord Enters Home Stretch at Gemini
As of yesterday, 138 wind turbines, representing over 90% of the total wind turbines, have been erected at the 600MW Gemini offshore wind farm, with 105 of the installed turbines producing power. This was reported within Northland Power’s Q2 and H1 2016 financial results. The company owns two offsho
Elengy says its two LNG terminals back online after fire at Fos-sur-Mer
France’s Elengy, a unit of Engie, said Thursday its two LNG terminals in Fos-sur-Mer have restarted operations after a large fire ravaged land around the industrial zone located about 40km north-west of Marseille. Multiple wild fires whipped by high winds broke out near Marseille in southern France