News
Awilco LNG firms up Teekay deal, readies share offering
Oslo-based Awilco LNG signed the final agreement with Teekay LNG Partners fulfilling the conditions for the private placement to be issued on June 19.
Spain: No Deal between Coordinadora and Anesco
The representatives of the Spanish dockworkers union Coordinadora and their employers’ association Anesco could not reach a deal at today’s meeting which was aimed at fixing the ongoing conflict that has been heating up for almost a month. That said, the dockworkers are most likely to stage their 48
Allianz: Shipping Losses See Downward Trend but Risk Challenges Remain
Large shipping losses have declined by 50% over the past decade, largely driven by the development of a more robust safety environment by shipowners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. 85 large vessels were lost worldwide in 2016
BP on energy markets: Long-term shifts underway
BP has released its 66th annual review of world energy markets. Energy demand was low, renewables grew, coal lost a large share, and gas production grew very slowly, and oil consumption grew strongly. The oil and gas company said the review of 2016 demonstrates the long-term transitions now underw
Global energy demand stumbles for third year -BP
By Ron Bousso LONDON (Reuters) – Global energy demand continued its sluggish growth last year as China’s growth fell to its lowest in nearly 20 years while renewables flourished, BP <BP.L> said in a report on Tuesday. Slower demand growth helped stall the acceleration of greenhouse gases emissions f
Oil edges down as OPEC sees market rebalancing at slower pace
Oil prices edged down on Tuesday after OPEC reported an increase in its production for May despite a supply cut agreement
TechnipFMC buys remaining Kanfa stake from Sevan
Sevan Marine, a Norwegian designer of offshore oil and gas facilities, has sold its shares in the topside specialist Kanfa to TechnipFMC. Technip, now TechnipFMC, initially acquired a 49 percent stake from Sevan, back in 2014 for an undisclosed amount. Under the agreement Sevan has agreed to sell it
Bureau Veritas to Certify Groix Floating Wind Array
Bureau Veritas has been awarded a contract for certification of the floating wind array to be deployed between the Groix and Belle-Ile Islands in France.
Bureau Veritas to Certify Groix Floating Wind Array
Bureau Veritas has been awarded a contract for certification of the floating wind array to be deployed between the Groix and Belle-Ile Islands in France.
Allen Archaeology Wins Triton Knoll Contract
Triton Knoll Offshore Wind Farm has awarded its largest onshore contract to date to Lincoln-based archaeologists Allen Archaeology.
UK North Sea contractors’ confidence rising, report says
Improvements in oil and gas contractor confidence both in the UK Continental Shelf (UKCS) and internationally suggest some businesses are seeing signs of recovery and are focused on the future, according to an industry report released today. The findings of the 26th Oil and Gas survey, conducted by
Yamal LNG secures €425 mln credit facility
Novatek-led Yamal LNG project secured 14-year credit facilities in the amount of €425 million ($476.8 million) with Raiffeisen Bank International and Intesa Sanpaolo.
8.2 Consulting Inspection Work Framed by ISO 17020 Accreditation
8.2 Consulting’s inspection portfolio regarding wind turbine generators and conformity checks along grid connection certification activities have been accredited as inspection body by DAkkS (German Accreditation Body) according to DIN ISO/IEC 17020.
OPEC sees oil market rebalancing at slower pace, says output rises
OPEC on Tuesday said a long-awaited rebalancing of the oil market was under way at a “slower pace” and reported that its own output in May jumped due to gains in nations exempt from a pact to reduce supply.