News
Teekay cans pair of flotel newbuilds
Teekay Offshore has canceled construction contracts for two newbuild cylindrical flotels with China’s Cosco shipyard. The company said on Thursday in its second quarter 2016 results report it canceled the construction contracts for two units for maintenance and safety (UMS) and, as a result, incurre
Crowley scores Puerto Rico LNG supply contract
Crowley Maritime Corp.’s LNG services group has secured a multi-year contract to supply containerized LNG from the U.S. mainland to Molinos de Puerto Rico, the Caribbean arm of Ardent Mills. The contract, executed through Crowley’s subsidiary Carib Energy (USA) LLC, includes both the supply and tran
Last call for nominations!
During the first Offshore Energy Opening Gala Dinner to be held in Amsterdam, the Netherlands, on Monday, October 24th, Navingo brings the industry together to celebrate some of these successes by presenting three industry awards. Nominations for the awards can still be handed in, but this must be d
New Measures against Oil Pollution Effective from October
The latest amendments to the MARPOL Annex I for the prevention of oil pollution are scheduled to come into effect on October 1, 2016, according to Marine Department of the Government of Hong Kong. The amendment regulation states that oil residue (sludge) tank for machinery space should be provided w
GasLog posts higher Q2 revenue
Monaco-based LNG shipper GaLog posted higher revenue in the second quarter boosted by more operating days and new LNG tanker additions to its fleet. Revenue stood at $114.5 million in the second quarter this year as compared to $104.4 million for the year-ago quarter, GasLog said in its results repo
Breaking: First US Offshore Wind Turbine Stands Tall
Deepwater Wind’s CEO Jeffrey Grybowski has shared images of the the jack-up installation vessel Brave Tern as it attaches the final blade and completes the installation of the first offshore wind turbine in US waters, and the first of five wind turbines to be installed on the 30MW Block Island wind
Breaking: First US Offshore Wind Turbine Stands Tall
Deepwater Wind’s CEO Jeffrey Grybowski has shared images of the the jack-up installation vessel Brave Tern as it attaches the final blade and completes the installation of the first offshore wind turbine in US waters, and the first of five wind turbines to be installed on the 30MW Block Island wind
Fujian Southeast Shipbuilding to Build Five WFSVs
China’s Fujian Southeast Shipbuilding Co. has signed a contract for the construction of five wind farm support vessels which once delivered will serve offshore wind farms off Fujian province. The five WFSVs were reportedly ordered by Fujian Ship Investment Company. The twin-hull WFSVs will have a ma
UK: Wood Group workers begin second strike in North Sea
Wood Group’s offshore workers on seven Shell’s North Sea platforms kicked off a 48-hour strike on Thursday morning after talks over pay cuts between the unions and management failed. This is a second strike action by Wood Group’s workers working on Shell’s platforms. The North Sea platforms involved
Yemeni Ash Shihr Oil Terminal Reopens
Yemeni Ash Shihr oil terminal resumed operations on August 2 with the arrival of an oil tanker, after it was closed in March 2015 due to hostilities in the country, Gulf Agency Company (GAC) said. The tanker arrived under the GAC Yemen agency at the terminal to load a shipment of Marsila crude. The
South Korea’s Ulsan port in LNG bunkering deal
South Korea’s Ulsan port said it is moving towards in its attempt of becoming the country’s first port to provide liquefied natural gas (LNG) bunkering. The port has signed a three-year deal with public institutions and private companies to explore the development of LNG bunkering infrastructure, LN
Teekay LNG’s Q2 adjusted net income up
Bermuda-based Teekay LNG Partners, one of the world’s largest owners and operators of LNG carriers, said its adjusted net income rose to $53.8 million in the second quarter of this year, as compared to $39.5 million a year before. Teekay LNG’ GAAP net income was at $43.1 million in the second quarte
Sierra Leone gov’t confirms African Petroleum’s license extension
African Petroleum, an independent oil and gas exploration company, has received formal ratification from the authorities in Sierra Leone for the entry into the First Extension Period on the SL-03 license, offshore Sierra Leone. African Petroleum said on Thursday that the ratification of the extensio
MEO gets environmental approval for Tassie Shoal LNG project
MEO Australia said Thursday that its Tassie Shoal projects proposed for offshore Northern Australia have received updated environmental approvals that extend the approvals period for the LNG project to 2052, and increase the flexibility to process gas of varying qualities into LNG. The potential Tas