News
Spain: Gas Natural Fenosa Profit Climbs
GAS NATURAL FENOSA of Spain obtained a net profit of 1.441 billion euros in 2012, which is 8.8% higher than in the previous year, despite having a lower contribution from capital gains from the sale of assets that took place in the previous period. Consolidated EBITDA totalled 5.080 billion euros in
Island Offshore Wins Charter for Island Champion PSV
Norway’s Island Offshore has announced that Team Marine has declared the second, of five, one year option on the large platform supply vessel MV Island Champion. The vessel has been on charter with Team Marine since she was delivered in 2006 and is presently supporting the Captain oil field at the U
BMT Advises UKCS Operators on Environmental Regulations
BMT Cordah (BMT), a subsidiary of BMT Group, the leading international maritime design, environmental and engineering consultancy, has recently supported several major companies including Endeavour Energy UK Ltd, in their applications for the latest UK Oil and Gas Licensing Round. The 27th Offshore
The Netherlands: Green Award LNG Tankers to Get Discounts from Port of Rotterdam
Rotterdam will be the first port in the world to reward ocean-going LNG tankers which possess the Green Award certificate. The Port Authority will give these ships 6% discount on port dues when they arrive in Rotterdam. LNG tankers have arrived in Rotterdam since the opening of the Gate terminal in
UK: Company Relaunches to Tackle Skills Challenge
The search for enough skilled workers to meet the future demands of the East of England energy industry has prompted one recruitment business to rename and relaunch itself ready for the challenges ahead. Inspired by its own slogan, Beccles-based PDS will from this week be known as People With Energy
UK: Company Relaunches to Tackle Skills Challenge
The search for enough skilled workers to meet the future demands of the East of England energy industry has prompted one recruitment business to rename and relaunch itself ready for the challenges ahead. Inspired by its own slogan, Beccles-based PDS will from this week be known as People With Energy
Gazprom: BoD Approves Activities within Gas Chemistry and Gas Processing Strategy, Russia
Russian gas giant Gazprom said that its Board of Directors has approved the company’s activities within Gazprom’s Development Strategy for Gas Chemical and Gas Processing Facilities. “The meeting noted that increased recovery of valuable components from gas (ethane, propane, butane and helium ) and
Finland and Greece Ratify ILO MLC 2006
The Government of Finland and Greece became the 33rd and 34th International Labour Office ILO member State to ratify the Maritime Labour Convention, 2006 (MLC, 2006). The landmark Convention sets out decent working and living conditions for seafarers as well as fair competition for ship-owners. The
Balin to Drill in Baltic Sea Using Ocean Nomad Semi (Latvia)
Balin Energy SIA, a company co-owned by PKN ORLEN – ORLEN International Exploration and Production Company B.V and Kuwait Energy Company Netherlands Cooperatief U.A., is planning to drill its first vertical well in the Northern Block of Latvia’s economic zone. Having interpreted and integrated the c
Germany: EEW SPC Books 80 Foundations for Butendiek OWF
EEW Special Pipe Constructions GmbH, located in Rostock (Germany) announced that they received an order to manufacture 80 foundations for the Offshore wind project Butendiek. Contract signing with their customer Ballast Nedam was in November 2012 in the Netherlands. Since the beginning of February t
Statoil Awards Polarled Pipeline Contracts Worth $722 Mln (Norway)
Statoil has awarded Marubeni Itochu/JFE contracts for fabricating linepipe for the Polarled pipeline, Wasco for applying coating, and Allsea for pipelaying. The coating contract include the establishement of a new production base in Mo i Rana, Northern Norway.Estimated contract value for the three c
Portugal: Galp Energia Gas Sales Rise 17 Percent YoY
Galp Energia of Portugal said its gas sales in the twelve months of 2012 rose 17% year-on-year to 6,253 million cubic metres, driven by the increased international LNG trading activity. In the fourth quarter gas sales rose 10% to 1,558 million cubic metres on the back of higher demand for LNG on int
PTTEP Hires Fugro’s DP2 Vessel for Montara Platform Job
FUGRO-TSM, an operating company of Fugro Subsea Services, has been awarded the Montara Wellhead Platform Hookup and Commissioning contract from PTTEP Australasia (Ashmore Cartier) Pty Ltd. The contract is for the provision of a DP2 support vessel, complete with suitable accommodation, to host up to
Drewry: Scrapping to Rise as Bulk Owners Suffer
Drewry’s latest Dry Bulk Forecaster report suggests that cash-strapped shipowners will scrap younger and younger ships this year as the dry bulk market wallows in the doldrums. A ship as young as 15 years has already been sold for scrap in recent months, and the average scrapping age of Chinese-buil