News
Oil & Gas UK asks gov’t to minimize ‘period of uncertainty’ after Brexit vote
Following the EU Referendum outcome on Friday, Oil & Gas UK, a representative organization for the UK offshore oil and gas industry, has urged the UK Government to outline the process which will follow the exit vote to minimize any potential period of uncertainty. To remind, oil prices slumped by mo
Shell to work with UK, EU after Brexit bombshell. BP says too early to understand implications
Following the outcome of Thursday’s referendum on Britain’s membership of the European Union, Offshore Energy Today has reached out to European oil companies seeking their comments on the exit vote. According to Reuters, world financial markets plunged as complete results showed a near 52-48 percent
Drewry: Global Shortage of Shipping Officers to Be Reduced By 2020
Slowing growth in the size of the shipping fleet is to reduce te shortage of officers from 20,900 at the end of 2015 to 7,700 by the end of 2020, according to the Manning report published by shipping consultancy Drewry. The global fleet – encompassing all sectors except the non-cargo carrying ship t
RES, Lloyd’s Register Team Up with Taiwan’s Industrial Technology Research Institute
Taiwan’s Industrial Technology Research Institute (ITRI), RES Offshore and Lloyd’s Register have signed a Memorandum of Understanding (MOU) on offshore wind collaboration. The MOU was signed during the 11th Taiwan-UK Renewable Energy Conference held from 30 May to 1 June in Taiwan, where 14 UK compa
EIA: Henry Hub price continues to rise
Natural gas spot prices at the Henry Hub in the United States are continuing to increase, the Energy Information Administration said in its weekly report. The prices have risen from $1.79 per million British thermal unit (MMBtu) on May 27, 2016, to $2.78/MMBtu as of June 22, the EIA said. Concurrent
Kruglov: Gazprom’s profit to triple
Gazprom of Russia is predicting a significant increase in profit for 2015, despite pressure low oil prices had on the financial results.
VIDEO: Cruising into Rostock Port
Warnemünde cruise terminal at German Rostock Port welcomed this Wednesday two large cruise ships – Holland America Line’s newest ship ms Koningsdam and Celebrity Cruises’ Celebrity Eclipse. For the first time, the ms Koningsdam was heading to the mouth of river Warnow on its way from Copenhagen to T
Maersk Group names new CEO
Søren Skou has been appointed as the new chief executive officer of A.P. Møller – Mærsk, replacing Nils S. Andersen, who will leave the Maersk Group, effective July 1, 2016.
Vroon takes delivery of AHTS VOS Challenge
Shipping company Vroon has taken delivery of its anchor handling tug supply (AHTS) vessel VOS Challenge in China. According to the company, the vessel left Fujian Southeast Shipyard (FSES) in Fuzhou, China on Thursday, June 23 at the start of her journey to Thailand, where she will be delivered to c
ORPC Ireland Bags Horizon 2020 Funding
Ocean Renewable Power Company (ORPC) Ireland has been selected for European Commission’s Horizon 2020 programme funding to advance its hydrokinetic technology. Through the MaREI Centre in the environmental Research Institute, University College Cork (UCC), lab testing will be conducted at the Lir Na
UK: OGA’s first hackathon focuses on well plug & abandonment
UK’s Oil and Gas Authority (OGA) has brought operators and the supply chain together to uncover solutions applicable to the Southern North Sea’s (SNS) well plug and abandonment (P&A) market at its first hackathon event held on Thursday in Aberdeen. As oil and gas fields approach end of life, P&A is
Shell slapped with safety improvement notice after North Sea gas leak
Oil major Royal Dutch Shell has been served with an improvement notice by the UK’s Health and Safety Executive (HSE) over last year’s hydrocarbon leak on the company’s unmanned installation in the UK sector of the North Sea. Following a gas leak on Shell’s Caravel, a fixed, normally-unattended insta
First SOV for Siemens’ Offshore Wind Farms Delivered (Gallery)
Ulstein Verft today delivered a service operation vessel (SOV) ordered by Bernhard Schulte in 2015 to operate on Siemens’ offshore wind projects. The SOV is the first of two being constructed for Bernhard Schulte Offshore and chartered out to Siemens Wind Power Service. It will be deployed at the Ge
Stockholm court rejects Lithuania’s Gazprom claim
A four-year-long dispute between Lithuania and Russia’s gas giant Gazprom has ended with the court ruling against the Baltic country, which filed a €1.5bn ($1.7bn) claim over gas pricing.