News
UK: Strategic Marine Delivers Njord Curlew
Strategic Marine, the leading specialist shipbuilder operating in Singapore and Vietnam, delivered the Njord Curlew, a high-grade crew transfer and service vessel for Njord Offshore, the UK fleet operator specialising in supply services for the growing offshore windfarm sector. Today’s delivery is t
Switzerland: ABB Enters Top 50 Global Innovators List
MIT Technology Review, the official science and technology journal of the Massachusetts Institute of Technology (MIT), named ABB to its 2013 list of top 50 global innovators. ABB, the leading power and automation technology group, was cited for a technology breakthrough in 2012 that solved a 100-yea
EU to Assist Ukraine in Diversifying Gas Supplies
The European Union will assist Ukraine in diversifying natural gas supplies, noted on Sunday Ukraine’s Minister of Energy and Coal Eduard Stavytskyi at the 16th EU-Ukraine Summit in Brussels. According to the minister, this should influence the current price Ukraine is paying for Russian gas. In the
Gazprom M&T Signs HoA with Tamar FLNG Consortium, Israel
Gazprom Marketing & Trading Switzerland AG and Levant LNG Marketing Corporation executed the Heads of Agreement (HOA), outlining the main terms of an exclusive offtake arrangement from Tamar floating LNG project for a 20 year period. The aim of the future deal is to expand Gazprom’s LNG marketing an
Spain: Enagas to Invest EUR 2.1 Bil in 2013-2015 Period
Enagás will invest €2.1Bn in the 2013-2015 period, as stated by the company at the presentation of its Strategic Plan update. Enagás’ strategy for the coming years will continue to prioritise the regulated asset business in Spain, where there is still room for investing in infrastructure that contri
Petrobras Discovers Oil in Sagitario Well (Brazil)
Brazil’s state-run oil company Petrobras has confirmed the presence of good quality oil (31 º API) in ultra deep waters in the Santos Basin pre-salt while drilling well 1-SPS-98 (1-BRSA-1063-SPS), informally known as Sagitário. This is the first well to be drilled in the BM-S-50 block and is located
Germany: WINDFORCE 2013 Finalises Its Programme
The ninth WINDFORCE 2013 offshore conference will be held from 4 to 6 June in Bremerhaven. During the three days of the conference, participants can choose from 60 presentations, listen to a high-level panel discussion, enjoy the Maritime Wind Dinner, visit a boat show, and still have plenty of time
Germany: WINDFORCE 2013 Finalises Its Programme
The ninth WINDFORCE 2013 offshore conference will be held from 4 to 6 June in Bremerhaven. During the three days of the conference, participants can choose from 60 presentations, listen to a high-level panel discussion, enjoy the Maritime Wind Dinner, visit a boat show, and still have plenty of time
Offshore Shipbrokers Upbeat about Future (Germany)
Since 2011, German Renewables Shipbrokers, or GRS for short, has been surging full speed ahead in the offshore market. The company founders, engineer / industrial engineer Philippe Schönefeld and naval architect Matthias Mroß, put all their experience as shipbrokers to good use to arrange chartering
FLEX LNG Posts Full Year Results, UK
FLEX LNG said its cash balances at 31 December were $6.2m ($14.8m) with $1.5m net outflow ($2.1m net outflow) in the quarter and $8.5m net outflow ($4.9m – net inflow) year to date. In the twelve months in 2012 the operating cash outflow was $8.5m (principally the operating loss excluding non cash m
First Oil Flows from Statoil’s Hyme Field
On 25 February Statoil and its partners began production from the Hyme oil field in the southern part of the Norwegian Sea. Hyme is the second of Statoil’s 12 fast-track projects. “The field came on stream one month earlier than we assumed in the Plan for Development and Operation (PDO). The project
Germany: HTM Helikopter Inks 3-Year Contract for North Sea Wind Farms
AREVA Wind, HTM Helikopter, Global Tech I and Trianel have presented a cooperation agreement for the service of North Sea offshore wind farms at the German Wind Energy Association (BWE) conference. The Helikopter Travel München (HTM) will provide transport to theoffshore wind turbine maker AREVA’s e
Drewry: Capesize Misery Continues
Drewry’s latest Dry Bulk Insight report shows that the Drewry Hire Index suffered a further decline in the first month of the New Year. The main culprit was the Capesize segment, where lower demand eventually led to a decline in their freight rates. The outlook for 2013 remains bleak, with unpromisi
Oil & Gas UK: Companies Plan to Splash £100 Bln on UKCS Investments
Following the introduction of tax changes designed to encourage growth in the UK oil and gas sector, the industry has responded with the highest investment for more than thirty years. As a result, according to Oil & Gas UK, which today (25 February) published its 2013 Activity Survey, thousands of j