News
Boxship, Bulker Sectors Taking a Turn for the Better?
As some of the shipping sectors are now moving into a new phase, Clarksons Research examined improvement indices for four main volume shipping sectors which indicate that bulkers and containerships are moving away from the bottom of the cycle. As explained, a helpful measure of the progress of the c
Pieter van Oord: “We Need to Build Turbines Like We Build Cars”
“We need to build wind turbines like we build cars,” said Pieter van Oord, CEO of Van Oord, at the opening of the Offshore WIND Conference 2017 (OWC17) today, 9 October, in Amsterdam.
Bureau Veritas unveils new FSRU rules
Classification society Bureau Veritas has unveiled a new rule for the classification of floating storage and regasification units (FSRUs) in response to industry demand.
Rosneft grabs stake in Egyptian Zohr gas field
Rosneft closed the deal to acquire a 30 percent stake in the Zohr gas field in the Mediterranean discovered by Italy’s Eni in 2015.
Wood Group completes Amec Foster Wheeler acquisition
Wood Group has completed its 2.2 billion pounds purchase of London-based LNG engineer Amec Foster Wheeler.
Nexans Trenching First Beatrice Export Cable
Nexans has started jetting/trenching of the installed section of the first Beatrice offshore wind farm export cable (EC1.1) from around 2km North of the beach at Portgordon.
Seven Tug Crew Arrested after Cocaine Bust in Atlantic
Seven seafarers have been arrested after Spanish authorities seized close to four tons of cocaine from an ocean-going tugboat in the mid-Atlantic on October 1. Following the arrest of the seven men, six of them from Turkey and one from Azerbaijan, the Comoros-flagged vessel Thoran was towed into the
Buss Setting the Stage for Merkur Offshore Wind Farm
Buss Offshore Solutions has begun with preparations for the 396MW Merkur offshore wind farm at its Orange Blue Terminal in the Dutch port of Eemshaven.
Gas Natural Fenosa moves from Catalonia to Madrid
Spanish LNG operator Gas Natural Fenosa has moved its legal headquarters from Barcelona to Madrid due to ongoing tensions and legal uncertainty in Catalonia. “Considering the social and political events that have been occurring in recent weeks in Catalonia and due to the legal uncertainty that this
Gazprom Neft makes ‘major’ oil discovery in Okhotsk Sea
Gazpromneft-Sakhalin, a subsidiary of Gazprom Neft, has completed drilling of a prospecting and appraisal well at its Ayashsky license block, located on the continental shelf of the Okhotsk Sea. Gazprom Neft said last week that a new hydrocarbon field was discovered, with initial in-place reserves e
WorleyParsons takes over AFW UK
WorleyParsons has entered into a binding agreement to acquire Amec Foster Wheeler’s UK North Sea business. Describing the target company, WorleyParsons said that AFW UK has world-class Maintenance, Modifications and Operations (“MMO”) capabilities and is a leader in the Engineering & Construction, O
UK: Statoil strikes oil in Verbier sidetrack
Norwegian oil major Statoil has made an oil discovery in the Verbier sidetrack well in the outer Moray Firth on the UK Continental Shelf. Statoil said on Monday that the discovery held a minimum of 25 million recoverable barrels of oil near the wellbore. According to preliminary results, the amount
Novatek’s nine-month production drops
Russia’s Novatek, the developer of the Yamal LNG project, reported a decrease in total hydrocarbons production by 30.4 million boe, or by 7.5 percent, as compared with the nine months 2016.
Cargo Ship Carrying Broken Glass Refloated at Margate
A cargo vessel was refloated after it dragged anchor and ran aground off the Kent coast, the UK, on October 8, the country’s Maritime and Coastguard Agency (MCA) informed. The incident occurred near Margate Harbour between 30 and 50 meters from shore at around 3:00 a.m. local time. At 2.20 p.m. the