News
Gas Natural Fenosa’s H1 profit slides
Spanish LNG operator Gas Natural Fenosa reported a €550 million ($640.4 million) profit for the first six months of 2017, 14.7 percent lower than in the first half of 2016.
Simon Stevin to Rock Borkum Riffgrund 2 Seabed
Jan De Nul’s fall pipe vessel Simon Stevin has arrived at the Visnes Eklogitt quarry in Norway, where it will load the first batch of 32,000 tonnes of rock and transport it to the Borkum Riffgrund 2 offshore wind farm in Germany. There, the vessel will install scour protection layers onto the seabed
ReCAAP, OCIMF to Jointly Fight against Piracy in Asia
Asia’s piracy watchdog ReCAAP and Oil Companies International Marine Forum (OCIMF) have signed a Memorandum of Understanding (MOU) to boost the fight against piracy and armed robbery against ships in Asia. The first regional government-to-government agreement, signed on July 24 in London, would prom
Elengy increases Fos Tonkin LNG truck loading capacity
Elengy, an Engie company has increased the truck loading capacity at the Fos Tonkin LNG terminal from 8 to 11 loadings per day.
I.M. Skaugen delays African small-scale LNG project
Norway-based marine transportation service company I.M. Skaugen’s small-scale LNG project in Africa is facing delays due to pending government approvals.
Atlantic Offshore sends two oldest ERRVs to scrapyard
Shipping company Atlantic Offshore has sold two emergency response and rescue vessels (ERRV) for recycling in Denmark. Atlantic said on Wednesday that the two ERRVs in question were the Ocean Sprite and Ocean Swan. The interesting fact about these vessels is that they are Atlantic’s two oldest EERVs
Drewry: FSRUs fetch higher returns than LNG carriers
Despite falling freight rates for FSRUs, investment returns at current asset prices and charter rates are higher compared with standard LNG vessels, according to the global shipping consultancy Drewry.
Drewry: FSRUs More Profitable than LNG Carriers
Despite falling freight rates for floating storage regasification units (FSRUs), investment returns at current asset prices and charter rates are higher compared with standard LNG vessels, according to Drewry’s LNG Forecaster report. The global FSRU fleet has grown at a CAGR of 21% over the last fiv
The Big Short
There’s been a wave of short term fixtures in the North Sea offshore vessel market, but is it only a band aid which, once ripped off, will reveal a problem still very much untreated? By Inger Louise Molver, Senior Offshore Analyst at Westshore Shipbrokers Cautious optimism is where we are at right
PSA audits Statoil’s Hammerfest LNG plant
Norwegian Petroleum Safety Authority carried out a major accident and electrical facilities audit from June 26 to 29 at Statoil’s Hammerfest LNG onshore facility.
Statoil Confirms First Hywind Turbine Floated Into Place
Following reports on the first turbine arriving at the site of the world’s first floating offshore wind farm in Scotland, Statoil today confirmed that the first of five Siemens 6MW turbines, mounted on a SPAR-type floating foundation, is at its designated location.
Statoil Confirms First Hywind Turbine Floated Into Place
Following reports on the first turbine arriving at the site of the world’s first floating offshore wind farm in Scotland, Statoil today confirmed that the first of five Siemens 6MW turbines, mounted on a SPAR-type floating foundation, is at its designated location.
Damen Shiprepair Oranjewerf Waves Goodbye to VOS Start
VOS Start has left Damen Shiprepair Oranjewerf and is set to commence its first project next month, providing logistics support, accommodation and walk-to-work (W2W) capability for MHI Vestas at the Walney Extension offshore wind farm.
Saipem sinks to 1H loss. Cuts full-year revenue guidance
Italian oilfield services giant Saipem posted a net loss of 110 million euros for the first half of 2017, a drop compared to a net profit of 53 million euros in the same period a year ago. Revenues fell to €4,59 billion, down from €5,27 billion a year ago. According to Saipem, its revenues in the [&