News
Substantial Share of Dry Bulk Fleet Older Than 20 Years
There is still a considerable number of vessels in the dry bulk pool older than 20 years that are the likely candidates for demolition. Namely, in the Handysize sector 15 % of the fleet is built before 1997 totaling in 365 ships, in the Handymax/Supramax sector 4% of the fleet is older than 20 years
Jones Bros Helps Build New Quayside for Walney Extension
DONG Energy has appointed Jones Bros to help build new quayside infrastructure for the 659MW Walney Extension offshore wind farm being built in the Irish Sea.
Gunvor, Gas Natural Fenosa place lowest bids in Pakistan LNG tender
Swiss trading company Gunvor and Spanish LNG operator Gas Natural Fenosa submitted the lowest bids in a tender to supply Pakistan with four liquefied natural gas cargoes in January. State-run Pakistan LNG launched the tender in September with four delivery windows across January. The cargoes will be
Mitsui in talks to invest in another JV with Akastor
Norwegian oil service investment company Akastor is in advanced discussions with Japanese trading and investment company Mitsui to further expand their current partnership to include AKOFS Offshore. Akastor-owned AKOFS Offshore is a vessel-based subsea well construction and intervention services pro
Statoil shuts parts of Mongstad refinery after leakage spotted
Norwegian oil company Statoil has informed that a naphta leakage was reported at 07.14 on Tuesday 24 October at Mongstad refinery. Employees who are not part of the emergency organization at the plant were evacuated, and parts of the plant are being shut down, Statoil said. The Statoil emergency res
Engie confirms review of upstream, midstream LNG business
French energy giant and LNG player Engie, confirmed it has started negotiation with interested counterparties to sell its upstream and midstream LNG activities.
Russia’s Novatek looking to build Kamchatka LNG reload facility
Russia’s largest independent natural gas producer, Novatek is planning to build a liquefied natural gas (LNG) reloading terminal on Kamchatka Peninsula in the Russian Far East. The company signed a cooperation agreement with the regional government of Kamchatka on building the facility. Novatek said
After E&P, Engie now in talks to sell LNG business?
French energy company Engie has said it has launched a strategic review of its upstream and midstream LNG activities. The company confirmed this on Monday, following press speculation that it is in talks to sell its LNG business to its rival and compatriot, Total. Engie, formerly known as GDF Suez,
OPEC, NON-OPEC oil output cut compliance reaches record level
The OPEC-Non-OPEC producing countries that last year agreed to a deal to keep the oil production limited to stabilize oil prices are delivering more than promised, the Joint Ministerial Monitoring Committee (JMMC) said on Friday. According to JMMC, for the month of September 2017, OPEC and participa
Seaway Heavy Lifting Preparing Beatrice for Inter-Array Cable Installation
Seaway Heavy Lifting (SHL) is set to commence the first pre-lay grapnel run campaign at the Beatrice offshore wind farm site to clear the inter-array cable routes from debris and prepare them for cable installation.
OLT Offshore LNG Toscana appoints new managing director
OLT Offshore LNG Toscana said that Richard Fleischmann is the new managing director of the company, representing Uniper shareholders.
ULCV Number at Hamburg Port Rises Rapidly
The Port of Hamburg has seen a steep rise of ultra large container vessels (ULCVs) visiting the port over the past two years. In the first half of 2017, ships with a capacity of 18,000 TEU or more called at the port 54 times – more than five times as compared to the first half […]
Robertson Group Lands New Burbo Bank O&M Base Contract
DONG Energy has awarded Robertson Facilities Management a one-year contract for hard and soft facilities management services at the new O&M base in King’s Wharf, Birkenhead, which will serve both Burbo Bank and Burbo Bank Extension offshore wind farms.
France’s Dunkirk LNG gets Norwegian cargo
Liquefied natural gas supplies to France’s Dunkirk LNG import terminal are continuing to rise as the third ship docked on Monday at the facility in just over a month. The facility previously received a cargo from Qatar on October 2 and a shipment from Norway on September 19. Prior to that, the impor