News
SeaBird terminates seismic vessel charter
Marine seismic acquisition provider SeaBird Exploration has terminated an agreement for the charter of the Munin Explorer seismic vessel.
GasLog posts profit in 2017, orders another LNG carrier at SHI
Monaco-based LNG shipper GasLog reported a profit for the full-year of 2017 as compared to a net loss in the previous year. Profit attributable to GasLog owners reached $15.5 million last year as compared to a loss of $21.4 million the year before. Revenues were $525.2 million for the year ended Dec
Maersk CEO: Unmanned Containerships Not in My Lifetime
Skou doesn’t expect crewless containerships in his lifetime.
Poland’s PGNiG in small-scale LNG push
Poland’s state-owned gas company PGNiG is looking to boost the number of users of trucked liquefied natural gas (LNG) in the country. PGNiG is in charge of all the LNG supplies coming to Poland’s import terminal in Świnoujście operated by Gaz-System’s unit Polskie LNG. The company said in a statemen
DEME’s Cable Layer Hit by Fire
A fire broke out on board DEME’s cable layer Living Stone on Wednesday afternoon in Santurzi, Spain.
DEME’s Living Stone Catches Fire in Santurtzi
DEME Group’s advanced cable lay vessel Living Stone caught fire while under construction in a shipyard in Santurtzi, Spain.
Dynagas LNG Partners posts lower profit in Q4
Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, reported fourth-quarter net income of $5.6 million, down 63.7 percent year-on-year. Earnings per common unit for the three months ended December 31 were 11 cents share. The US-listed LNG shipper that operates a fleet
Eni swings to profit in 2017
Italy’s state-controlled energy giant Eni on Friday said it swung to a net profit last year on the back of higher oil and gas prices and an increase in production. Eni reported a net profit of 3.43 billion euros ($4.3 billion) for the full year of 2017, compared to a 1.46 billion euros loss in the y
Russia’s Gazprom to build two small-scale LNG plants to fuel locomotives
Russian gas giant Gazprom said on Thursday it plans to build two small-scale liquefied natural gas (LNG) production facilities to fuel locomotives owned by Russian Railways. To remind, a unit of Gazprom began supplying LNG last year to three locomotives owned by Russian Railways. However, according
Spanish supermarket chain Mercadona to add 40 LNG-powered trucks to its fleet
Spanish supermarket chain Mercadona and its transport suppliers have allocated 4 million euros ($5m) in 2018 towards adding 40 liquefied natural gas (LNG)-powered trucks. The trucks will be deployed in Madrid, Barcelona and Valencia. They will join the 7 gas-powered vehicles that have already been o
Offshore safety body checks P&A plans at Kvitebjørn field
Norway’s offshore safety watchdog has found several flaws during an audit of Statoil’s plans for permanent plugging and abandonment at Kvitebjørn field off Norway.
Rotra Mare Brings First Rentel Turbine Parts to Ostend
Today, 14 February, Siemens’s Rotra Mare roll on/roll off (Ro-Ro) vessel brought the first Siemens Gamesa 7MW wind turbine components for the Rentel offshore wind farm to the REBO site in Ostend. Two blade sets and six top towers have been shipped from Esbjerg.
Oversupply to Turn Up the Heat on Chemical Shipping in 2018
Chemical shipping freight rates will weaken due to the depressed outlook on overtonnaged long-haul routes.
Russia and Norway gas volumes to Europe hit record highs
Natural gas exports to Europe from both Russia and Norway climbed to record levels in 2017, according to a report by Rystad Energy. Russian and Norwegian gas exports to Europe (including Turkey) reached 194 bcm and 122 bcm, respectively, in 2017. This represents a year-on-year increase of more than