News
Novatek joins two groups promoting LNG as marine fuel
Novatek Gas & Power, a unit of Yamal LNG project developer Novatek, joined the Society for Gas as a Marine Fuel and the SEALNG association to help promote LNG as a marine fuel.
IBIA Reports Rise in Average Residual Fuel Sulphur Content
The yearly average sulfur content of tested residual fuel oils increased to 2.58% in 2016, up by 0.13% from 2.45% in 2015, according to data provided by the International Bunker Industry Association (IBIA) to the International Maritime Organization (IMO). Of the 143,141 samples tested by four provid
St van den Brink orders 10 Scania LNG trucks
The Dutch logistics service provider St van den Brink is looking to expand its fleet with the addition of 10 liquefied natural gas-fueled trucks from Scania.
Nine Ships Denied Access to Paris MoU Region Since Monday
The Paris MoU on Port State Control organization has detained nine vessels this week, starting from Monday, July 10. The vessels in question are general cargo/multipurpose ships Rms Laar, Starshina Derov Ng, Burhan Dizman 3, Akela, Lucky Brother, Oney Z, Hak and Titan as well as bulk carrier Ken Goh
IOG expands Vulcan Satellites development with new license
UK-based Independent Oil and Gas (IOG), a development and production focused oil and gas company, has been awarded a new license by the UK Oil and Gas Authority (OGA) comprising Block 48/25a in the Southern North Sea. The license was awarded in the 2016 Supplementary Offshore Oil and Gas Licensing R
20-Year-Old Crude Carriers Are Here to Stay?
By 2020, some 100 very large crude carriers (VLCCs) will be over 20 years old, hinting that the time may be ripe now to replace that tonnage especially since the newbuilding prices are hard to resist now. “With 80 million US dollars for a VLCC and 53 million US-dollars for a Suezmax, you need to [&h
Wasco starts coating Nord Stream 2 pipes in Germany
After starting the concrete coating work on the North Stream 2 pipes in Finland, Wasco Coatings has now begun concrete weight coating pipes for the project in the port of Mukran on the Baltic Sea island of Rügen, Germany. Up to 90,000 pipes will be coated by the end of 2018 at the location, which is
Spain boosts LNG imports in June
Spain’s imports of liquefied natural gas (LNG) rose 14.2 percent in June on a yearly basis, according to the data provided by the LNG terminal operator, Enagás. LNG imports reached 15.05 terawatt hours (TWh) in June, as compared to 13.16 TWh in the same month the year before. The majority of imports
EU Court Slashes Spain’s Fine for Port Reform Delays
The European Union’s Court of Justice has fined Spain with EUR 3 million (USD 3.4 million) for failing to liberalize its stevedoring sector in line with the EU regulations. However, the fine has been slashed, as the European Commission initially sought from Spain to pay EUR 134, 107 for every day of
US LNG changing the international gas market, IEA says
The global natural gas market is undergoing a major transformation driven by new supplies coming from the United States to meet growing demand in developing economies and as industry surpasses the power sector as the largest source of gas demand growth, according to the International Energy Agency.
Shipping Industry Cautioned as Giant Antarctic Iceberg Breaks Off
Ships venturing into the Antarctic waters could be faced with navigational hazards on the heels of the breaking off of a one trillion tonne iceberg – one of the biggest ever recorded – which has calved away from the Larsen C Ice Shelf in Antarctica, the Swansea University said on Wednesday. The calv
UK oil & gas regulator awards 12 new offshore licenses
UK’s oil & gas industry regulator, the Oil and Gas Authority (OGA), has offered for award 12 licenses to 11 companies in the 2016 Supplementary Offshore Licensing Round, which closed for applications in March 2017. Fourteen blocks were originally on offer in this Supplementary Round, offered last De
Solstad Farstad delivers anchor handler to new owner
Farstad Supply, a subsidiary of Norway’s newly-formed OSV provider Solstad Farstad, has sold and delivered one of its AHTS vessels to its new owner. The delivery of the anchor handling tug and supply vessel Far Shogun to the new owner took place on Thursday, July 13. Now that the delivery has been m
Ireland: Providence gets more time on Barryroe license
Providence Resources, an Irish oil and gas exploration company, has been granted an extension for its Standard Exploration Licence (SEL) 1/11, offshore Ireland. The license which contains the Barryroe oil accumulation is operated by Providence’s wholly owned subsidiary Exola DAC that holds 80 percen