News
Cuomo’s Energy Goals Reiterated at BOEM’s NY Meetings
Community leaders, elected officials and dozens of local residents attended two public hearings this week in Long Island where they reinforced the critical need for New York to invest in large-scale offshore wind to meet Governor Cuomo’s clean energy goals. Notably, the Governor has committed to sou
Britain may face winter with record low gas stocks after outage
By Susanna Twidale and Oleg Vukmanovic LONDON/MILAN (Reuters) – The shutdown of Britain’s largest gas storage facility for 42-days sent wholesale gas prices surging on Wednesday on the possibility the country could head into winter with record low inventories. In an already volatile day of trading d
Columbia shareholders approve TransCanada merger
TransCanada Corporation said that Columbia Pipeline Group shareholders on Wednesday voted in favor of adopting the merger agreement signed in March.
Ireland: Providence takes Avalon system licence area
Providence Resources, an Irish based oil and gas exploration company, has been offered a licensing option in the Porcupine Basin, offshore Ireland, which contains the paleocene “Avalon” channel and fan system. Following a recent conclusion of the second phase of awards in the recent Atlantic Margin
GasLog banks on FSRU potential
Monaco-based owner and operator of liquefied natural gas carriers, GasLog said it is continuing in developing its capabilities in the floating storage and regasification (FSRU) sector. The current low natural gas and LNG prices are driving demand for FSRU solutions. FSRUs will “facilitate the openin
France’s Gendarmerie boss to take over as Total’s head of security
French oil giant Total is working on boosting its security. Namely, the company has announced its new appointment will come from the French National Gendarmerie. More to the point, Total will appoint General Denis Favier, Director-General of the French National Gendarmerie, as Senior Vice President,
Maritime Craft Services’ New CTV Begins Sea Trials
Maritime Craft Services’ new crew transfer vessel, a 26m Typhoon class MCS SWATH 1, has begun sea trials, the company announced at this year’s Global Offshore Wind event. The MCS SWATH 1, the 24th vessel in the company’s fleet, will carry passengers and cargo to and from offshore wind farms. Managin
EU Moves to Set Up European Border and Coast Guard
The creation of a European border control system received a first green light from the European Parliament and Council negotiators on Tuesday night. The cornerstone of the deal is to upgrade the Frontex border agency, which, together with national border management authorities, will form a European
Containerized Freight Rates on the Path of Recovery?
The container shipping market is staging a small recovery, with short-term rates for the main Far East Asian to North European ports rising, suggesting long-term costs could soon follow suit, according to Oslo-based benchmarking and market intelligence platform for containerized ocean freight Xeneta
PHOTO: Cidade de Caraguatatuba FPSO Arrives at Lapa Field
Petrobras informed that the floating production storage and offloading unit (FPSO) Cidade de Caraguatatuba has arrived in the Lapa field offshore Brazil. The FPSO connection to the production system is scheduled for August, the company said. The unit integration was completed in the Brasfels shipyar
Subsea 7 to slash over one thousand jobs by 2017
Subsea engineering, construction and services company Subsea 7 has informed that the second phase of global resizing and cost reduction measures will begin in 2016. The group said on Wednesday that these measures are being done in view of continued difficult business and economic conditions in the o
Report: Sonangol says Kwanza block holds more than 800 mmboe
Angola’s state-owned oil company Sonangol has reportedly provided an estimate of the reserves found in the Kwanza basin, offshore Angola. According to a Reuters article on Wednesday titled: “Angola state oil firm finds gas in Kwanza basin“ the oil and gas company said the reserves could total 813 mi
Moore Stephens: Shipping Confidence Slightly Up
Overall confidence levels in the shipping industry rose slightly in the three months to May 2016, according to the latest Shipping Confidence Survey from accountant and shipping adviser Moore Stephens. In May 2016, the average confidence level expressed by respondents in the markets in which they op
FERC approves Freeport LNG feeder pipeline construction
The United States regulator issued an order authorizing the expansion of its existing 129 system and the construction of the Coastal Bend Header project, that would transport up to 1.42 billion cubic feet of natural gas per day to the Freeport LNG terminal in Texas.