Russia’s largest independent natural gas producer, Novatek has started shipping contracted liquefied natural gas supplies from its Yamal LNG project with the start of this month.
Hotchkis & Wiley, an asset-management firm with clients holding an interest in McDermott International, has voiced its opposition of the CB&I transaction as it is currently structured.
Norwegian geophysical services company Electromagnetic Geoservices (EMGS) has recorded a drop in vessel utilization for the first quarter 2018. Vessel utilization for the first quarter 2018 was 37% compared with 92% for the first quarter in 2017. In the first quarter of 2018, the company’s vessels w
A U.S. Bankruptcy Court has allowed the debt-laden vessel owner Toisa to hire the shipbroking specialist Clarksons as its broker to facilitate the fleet sale.
Digital industrial giant, General Electric, completed the no-load testing of the 80-megawatt two-pole induction motor for the LNG industry in its factory in Nancy, France.
James Fisher Subsea Excavation (JFSE), a part of James Fisher and Sons, has launched an integrated services package to deliver improved time and cost efficiencies to its clients worldwide. As part of the ‘Excavation Plus’ offering, JFSE is the single point of contact for a range of areas including p
The Hague-based LNG giant Shell has sold its entire 90% stake in the Gaza Marine natural gas field offshore Palestine. The company said it had reached an agreement with the Palestine Investment Fund (PIF) to divest its entire interest and operatorship in the Gaza Marine license. According to Shell,
Offshore support vessel operator Maersk Supply Service has seen its Aberdeen team grow in the past two years and is working at becoming more than just a vessel supplier.
Upstream final investment decisions (FID) have bounced back in 2017 with the trend expected to continue during 2018.
India’s gas company GAIL is set to start receiving Russian liquefied natural gas (LNG) in May, according to the country’s minister of petroleum and natural gas.
Wood Mackenzie in 2017 saw a significant recovery in upstream FIDs, with the number of project sanctions more than doubled compared to 2016. Woodmac expects a similar total this year – circa 30 major project FIDs – supported by continued prudence in industry spending.
Fincantieri has delivered oceanographic icebreaker vessel ‘Kronprins Haakon’ to the Institute of Marine Research (IMR), the Norwegian governmental body for oceanographic research and fishing. With a gross tonnage of 9,000 tons, more than 100 meters long, 21 wide and a speed up to 15 knots, the vesse
Sweden-based marine surveys specialist MMT has awarded a contract to Simon Møkster for the Stril Explorer.
The new self-propelled DP2 crane vessel Gulliver, owned and operated by Scaldis Salvage & Marine Contractors, is undergoing mooring trials in Alexiahaven in the Netherlands, according to Royal IHC’s social media pages.
