News
SRI: Gov’ts Should Push for Fair Treatment of Seafarers
International backing has been given to a new initiative from London-based Seafarers Rights’ International (SRI), which aims to harness the support of governments worldwide in implementing locally-binding legislation on the fair treatment of seafarers following a maritime casualty. Representatives f
Stolt-Nielsen sets up small-scale LNG unit
Norwegian-listed shipping company Stolt-Nielsen said its unit, Stolt-Nielsen Gas set up Avenir LNG, a unit to focus on the development of small-scale LNG supply chain.
Sentinel Marine launches last in its fleet of nine new ERRVs
Scottish offshore support vessel provider Sentinel Marine has launched the Malin Sentinel vessel, the last in its fleet of new emergency response and rescue vessels (ERRVs), in China. The ERRV has been launched at a shipyard in Cosco and is currently berthed alongside one of the firm’s other vessels
ICE buys remaining stake in ICE Endex from Gasunie
Intercontinental Exchange operator of global exchanges and clearing houses acquired the remaining stake in ICE Endex from Dutch gas infrastructure company and a shareholder in the Gate LNG terminal in Rotterdam, Gasunie.
Solstad Farstad delivers ‘REM Etive’ to Fugro
Norwegian new offshore support vessel player Solstad Farstad has completed the sale of its REM Etive vessel to Fugro. Solstad Farstad said that both the sale and delivery of the vessel were completed on Wednesday, July 5, 2017. Initially, the sale was agreed between Solstad Offshore and Fugro in Feb
Solstad Farstad Completes Sale of Rem Etive to Fugro
Solstad Farstad (SOFF), a merger company of Solstad, Farstad and Deep Sea Supply (DESSC), has completed the sale and the delivery of the subsea construction vessel Rem Etive to Fugro. The Oslo-listed company reached an agreement with Fugro for the sale of Rem Etive in February this year. Prior to th
GasLog Partners completes GasLog Geneva purchase
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog, have closed the acquisition of LNG carrier GasLog Geneva from its parent company.
IGU survey: LNG price formation mechanisms changing
The International Gas Union (IGU) on Wednesday released its Wholesale Gas Price Survey confirming “significant changes in wholesale price formation mechanisms during a period of key developments and upheaval in the global gas market.”
Add Energy wins Angelin job for BP
Norwegian energy consultancy provider, Add Energy, has been awarded a maintenance build contract worth more than $600,000 with BP for work on the Angelin gas field, a development located 40 km offshore Trinidad and Tobago’s east coast.
Bondholders take control of Xcite’s Bentley field for $1
After months of talks with various potential buyers, joint liquidators have sold the assets of Xcite Energy Limited, including the company’s Bentley field, one of the largest undeveloped fields in the UK North Sea for $1 (one dollar). As previously reported, the joint liquidators were appointed in l
Gulliver Leaves Shipbuilding Yard in China
Gulliver, Scaldis Salvage & Marine Contractors’ heavy lift, DP2 vessel, has left the ROC shipyard in Qidong, China, Royal IHC reports. The vessel is now en route to the Huisman yard in Xiamen for the installation of two cranes, each capable of carrying 2,000 tonnes. Scaldis ordered Gulliver, formerl
Statoil gets green light to use Sigyn subsea facilities
Norwegian oil major Statoil has received consent from the country’s offshore safety body, the Petroleum Safety Authority (PSA), to use the Sigyn subsea facilities. The Sigyn gas, condensate, and light oil field is in Statoil-operated production license 072, offshore Norway. Production on the field b
Dunkirk Port, LNG Terminal Team Up on LNG Supply Station
Dunkirk’s LNG terminal and the Port of Dunkirk (Grand Port Maritime de Dunkerque) have signed an agreement for the development of an LNG supply station. As the use of liquefied natural gas by shipping and road vehicles has grown significantly in recent months with new projects, DunkerquePort and Dun
EMGS sees increase in vessel utilization
Norwegian geophysical services company Electromagnetic Geoservices (EMGS) recorded an increase in vessel utilization for the second quarter 2017 when compared to the same period last year. Namely, according to the company’s statement on Wednesday, its vessel utilization in this year’s second quarter