Golden Energy Offshore Services has secured financing and reached an agreement with Neptune Subsea to acquire its two IMR & light construction vessels Larissa and Despina. The purchase price is USD 39 million per vessel and the seller has agreed to subscribe to USD 8 million of shares in the company
Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, secured $53 million after the closure of its previously announced offering. Dynagas LNG said in a statement on Wednesday it has granted the underwriters a 30-day option to purchase up to an additional 330,000 Series B
Take a look at the compilation video of the last day of Offshore Energy Exhibition & Conference 2018 held in Amsterdam RAI. The final day of the 11th OEEC was packed with conference sessions, meetings, international missions, stage presentations and of course, lots of networking. The day 2 of the ev
Norwegian energy giant and LNG operator Equinor on Thursday reported a strong increase in third-quarter net profit as it benefited from a rise in oil and gas prices. Equinor’s net profit rose to $1.67 billion in the third quarter, compared to a loss of $480 million in the same quarter last year. Rev
UK Chamber of Shipping believes the UK Government’s plans to charter in ships would not be a smart move.
Russia’s largest independent natural gas producer Novatek reported a rise in its profit for the third quarter of this year as it continues to perform commissioning works on the third train at its giant Yamal LNG facility in the Russian Arctic. Profit for the third quarter increased to 45.9 billion R
Oil and gas companies need to start spending more – around $600 billion a year – to satisfy future demand growth.
French shipping giant CMA CGM has gained an approval from the European Commission to acquire Finland’s Containerships. To remind the deal between CMA CGM and Container Finance was announced back in June and it includes Container Finance’s holdings in Multi-Link Terminals and CD Holding. The European
The first exhibition day of Offshore Energy Exhibition & Conference 2018 (OEEC) is behind us. The video shows event’s Day 1 highlights which took place at Amsterdam RAI on October 23, 2018. Guided by this year’s theme ‘Explore. Inspire. Transform.’ the three-day program consists of keynotes, themati
The 2018 Offshore Energy Exhibition and Conference opened its doors on Tuesday, October 23.
OET will be on the Community Square once again on Wednesday where Martin Bouwhuis will be interviewing industry experts on various topics under the main theme: “Explore. Inspire. Transform.”
Offshore support vessel operator Sentinel Marine is adding to its fleet with the purchase and major refit of a multi-role vessel.
Lack of timely investment in the LNG carrier fleet could pose a threat to market development and security of supply.
The UK’s Port of Southampton has announced upgrade plans as it is preparing for the arrival of P&O Cruises’, which is a unit of Carnival Corporation, newest liquefied natural gas (LNG)-powered flagship from Spring 2020. The project, being carried out in partnership with Southampton-based Carnival UK
