News
Amec FW returns to 1H profit. Upstream challenges persist
Amec Foster Wheeler, a provider of services to the global energy industry, returned to profit in the first half of the year. The UK-based company on Thursday reported a net profit of 57 million pounds on a 2,3 billion pund revenue. This is compared to a loss of 429 million pounds a year ago and [&he
Boskalis Harbours EOWDC Foundations at Peterhead Port
Boskalis has awarded Peterhead Port Authority with a contract to harbour the suction bucket jacket foundations for the 11-turbine European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay, Scotland.
Boskalis Harbours EOWDC Foundations at Peterhead Port
Boskalis has awarded Peterhead Port Authority with a contract to harbour the suction bucket jacket foundations for the 11-turbine European Offshore Wind Deployment Centre (EOWDC) in Aberdeen Bay, Scotland.
ITF’s Tech Talk event to discuss decom challenges at SPE Offshore
The Industry Technology Facilitator (ITF)’s latest Innovation Network Tech Talk event will bring together technology developers, industry bodies, service companies and operators to discover the opportunities for efficient and cost-effective decommissioning and well abandonment. ITF’s free event will
Amec Foster Wheeler’s trading profit falls in H1
London-based LNG engineer Amec Foster Wheeler reported an 8 percent fall in its half-year trading profit mainly due to “challenging conditions” in the upstream oil and gas market. Amec Foster Wheeler reported a trading profit of 162 million pounds ($210.2 million) for the period under review compare
SBM Offshore: Industry witnessing recovery
Dutch FPSO specialist SBM Offshore has raised the expected revenue forecast for the full year 2017 on the back of the gradual recovery seen in the oil and gas industry. “As expected, the industry is witnessing a gradual recovery. Although significant decreases in project break-even prices are making
Siemens Gamesa Proposes New Home for Hull Showpiece Blade
A new, permanent location has been proposed for a Siemens Gamesa wind turbine blade that was installed in the centre of Hull, the UK City of Culture.
Siemens Gamesa Proposes New Home for Hull Showpiece Blade
A new, permanent location has been proposed for a Siemens Gamesa wind turbine blade that was installed in the centre of Hull, the UK City of Culture.
Spain’s LNG imports rise in July YoY
Spain’s imports of liquefied natural gas (LNG) rose 39.7 percent in July on a yearly basis, according to the data provided by the LNG terminal operator, Enagás. LNG imports reached 15.6 terawatt hours (TWh) in July, as compared to 11.18 TWh in the same month the year before. More than half of the LN
Atlantic Offshore awaits new relief vessel arrival
Shipping company Atlantic Offshore has informed that a new emergency response and rescue vessel (ERRV) will be joining its fleet soon. According to Atlantic, the vessel named Ocean Clever will join the company’s fleet this month. The vessel was built in 2009 in Jiangsu Zhenjiang, China, and is being
Sabine Pass Train 4 to produce 1st commissioning cargo this week
The fourth liquefaction unit at Cheniere’s Sabine Pass export terminal in Louisiana, currently the only such facility to ship US shale gas overseas, is expected to produce its first commissioning cargo this week, according to Cheniere’s chief executive Jack Fusco. Train 4 achieved first LNG producti
Eni joins Siemens Subsea Power Grid JIP
Eni Norge, a Norwegian subsidiary of the Italian oil giant Eni, has joined the Siemens Subsea Power Grid joint industry program (JIP). Siemens said on Monday that its subsea department was developing a complete subsea power network with a group of partners, led by Chevron and including Statoil, Exxo
Parkmead wraps up UK North Sea license buy
Parkmead, a UK and Netherlands-focused o&g company, has completed an acquisition of a 50 percent interest in the UK North Sea license P.2209 from Verus Petroleum. To remind, Parkmead signed a sale and purchase agreement with Verus Petroleum to acquire the interest in the license back in May. License
UK Detains Three Foreign Flagged Ships in July
Three foreign flagged ships were detained in UK ports in July 2017 after they failed Port State Control (PSC) inspection, the country’s Maritime and Coastguard Agency (MCA) said. The vessels in question are Cap Ferrat, Aristidis and Ocean Vantage. The Cyprus-flagged bulk carrier Cap Ferrat was detai