News
Tanker Earnings to Remain Low in 2018 amid Oversupply
The recovery of the tanker market forecast to start next year and give the much-needed boost to company earnings seems to be far-off due to the lingering effect of tonnage oversupply. According to Fitch Ratings, a glut of new vessel deliveries and limited scrapping of older ships means the global ta
First Unmanned Vessel Joins UK Ship Register
The UK Ship Register has signed its first-ever unmanned vessel to the flag. As explained, the move shows how the register “is adapting to the changes of the maritime industry.” ASV’s C-Worker 7 will be used for work such as subsea positioning, surveying and environmental monitoring. It can be used u
IEA: natural gas, renewables leading global energy transformation
Over the following 25 years, the world’s growing energy needs will be met first by renewables and natural gas, with global energy demand to jump by 30 percent by 2040.
OOS Energy Aims at Offshore Wind with Two New Jack-Ups
OOS Energy has unveiled a new vessel design that will serve the offshore wind sector, in addition to oil & gas. The company will build two units of the vessel and is now in final talks with shipyards for the construction with an expected delivery in 2020/ 2021.
UK Industry Bodies Give UK Floating Offshore Wind a Push
RenewableUK and Scottish Renewables met in Glasgow, Scotland, on Tuesday, 14 November, to debate future opportunities for UK’s floating offshore wind.
UK Industry Bodies Give UK Floating Offshore Wind a Push
RenewableUK and Scottish Renewables met in Glasgow, Scotland, on Tuesday, 14 November, to debate future opportunities for UK’s floating offshore wind.
Jacket Installation Resumes at Beatrice Offshore Wind Farm
Seaway Heavy Lifting’s (SHL) vessel Oleg Strashnov will return to the Beatrice site on 16 November and will continue installing jacket foundations until mid-December, when it will leave the site once again and SHL’s vessel Stanislav Yudin will take over.
UK Ship Register Signs ASV’s Unmanned Vessel to the Flag
The UK Ship Register has signed its first unmanned vessel to the flag, the ASV’s C-Worker 7. The C-Worker 7 will be used for work such as subsea positioning, surveying and environmental monitoring. It can be used under direct control, semi-manned or completely unmanned. Doug Barrow, director UK Ship
Shell upsizes shares sell-down to exit Woodside
Royal Dutch Shell has upsized its previously announced agreement to sell shares in Woodside Petroleum following strong demand from institutional investors.
Fincantieri in another push to make Vard private
Italy’s Fincantieri has not given up on its intention to delist Vard, an offshore vessel construction specialist, and take it private. The Italian conglomerate said on Monday that its subsidiary Fincantieri Oil & Gas had proposed to Vard to file for voluntary delisting from the Singapore Exchange, t
Happisburgh Residents Concerned over Norfolk Vanguard Onshore Infrastructure
As announced earlier, Vattenfall has now started holding public consultation to discuss its preliminary environmental information report (PEIR) for the Norfolk Vanguard offshore wind farm. On 11 November, a session which saw a record turnout was held in Happisburgh, where some of the residents voice
Gazprom talks LNG supplies to Vietnam
Russian giant Gazprom is eyeing the construction of a small-scale liquefied natural gas production complex as well as LNG supplies to Vietnam.
Dutch Offshore Wind Innovators Sets Up First Innovation Award
Offshore Wind Innovators, a community for companies active in the Dutch offshore wind industry, has launched its first ever innovation award.
Dutch Offshore Wind Innovators Sets Up First Innovation Award
Offshore Wind Innovators, a community for companies active in the Dutch offshore wind industry, has launched its first ever innovation award.