News
EU signs Croatian LNG terminal grant
The grant agreement for an EU investment of €101.4 million ($119.5 million) in the construction of the Croatian liquefied natural gas (LNG) terminal on the island of Krk has been signed on Monday.
Last Nordergründe Turbine Hooked to the Grid, OWF Goes Live
The 111MW Nordergründe offshore wind farm is now officially in full operation, after the last of the total of 18 Senvion 6.2M126 wind turbines was connected to the grid yesterday, 17 December.
Westwood expects 70 high-impact wells in 2018
Global high-impact exploration in 2017 is expected to match 2016 in both activity and success rates, and with a marked improvement in commercial oil volumes discovered and lower finding costs, Westwood, an energy intelligence group, said in a report on Monday. In 2018, Westwood expects 70 high-impac
DEA sells its share in Norwegian gas infrastructure to CapeOmega
DEA has sold its ownership in the Nyhamna onshore gas processing plant, the Polarled gas pipeline and Gassled, the Norwegian gas transportation network, to CapeOmega.
Tackling Emissions Head-On — Recent Developments in the Scrubber Market
For ship owners and operators preparing for the IMO’s 2020 global sulphur cap, there are numerous options open in order to reduce sulphur levels in their exhaust emissions.
Popular news, December 11 – 17, 2017
Popular news, December 11 – 17, 2017
Top news of the week December 11-16
ExxonMobil wraps up Mozambique LNG acquisition US energy giant ExxonMobil said on Wednesday that its unit has completed a deal to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Italy’s Eni. Austrian explosion hits European gas markets An explosion on Tuesday mornin
Spotted: Blue Queen Readies for Conversion
Blue Queen, a standard platform supply vessel, will be converted to W2W ERRV.
Det Norske Veritas becomes sole owner of DNV GL
Germany’s Mayfair VermögensverwaltungSE has sold its 36.5% share in the class society DNV GL to the Stiftelsen Det Norske Veritas foundation, making DNV GL the foundation’s sole owner. DNV GL chief executive Remi Eriksen said in a statement that this is a new chapter in DNV GL’s history. “Moving for
OGA: Lower operating costs in UK oil & gas sector to stick around for another 5 years
Operating costs in the UK Continental Shelf dropped by 14 percent in 2016 with operators securing approximately £1.1 billion reductions in operating expenditure (OPEX), according to a report by the Oil and Gas Authority (OGA). The “Analysis of UKCS Operating Costs in 2016” inaugural report, publishe
Top Ten Craziest Cruise Ship Amenities
The cruise liners are taking the ‘at sea experience’ to another level with innovative amenities.
BIMCO, CIRM Propose Software Maintenance Standard for Shipping
BIMCO and CIRM have sent the proposal for an industry-wide standard for software maintenance to the IMO.
Ineos: Crack in Forties pipeline stabilized, but repair works might take weeks
Following the controlled shutdown of the Forties Pipeline System on Monday, Ineos has stabilized the crack in the pipeline which prompted the closure. Ineos estimates that repair works might take weeks. Last week, Ineos discovered a small hairline crack in the pipe at Red Moss near Netherley, just s
Tanker Ordering Up by 17 Pct despite Anticipated Headwinds
Shipowners appear to be unfazed by the likelihood of low profits continuing into the next year.