News
Top news of the week May 1-6
Fortuna FLNG umbrella agreement signed Fortuna FLNG project partners signed an umbrella agreement that establishes the full legal and fiscal framework for what is claimed to be Africa’s first deepwater FLNG project. Singapore launches 1st standard for LNG bunkering Singapore has launched its first b
Highlights of the Week
Subsea World News has put together a recap of the most interesting articles from the previous week (May 01 – May 07). A subsea technology spin-off from Norwegian firm Fuglesangs has signed an agreement with Aker BP, Lundin and NOV to develop and test a full scale prototype of what is marketed as ‘th
GasLog posts Q1 profit, amends LNG tanker charter deal
Monaco-based LNG shipper GasLog on Friday reported first-quarter net income of $8.8 million, after reporting a loss in the same period a year ago.
Engie’s first quarter profit dips
French utility and LNG player Engie, reported a decrease in profit for the first quarter 2017 “impacted by unfavorable scope effects.”
International offshore rig count for April down year-on-year
The international offshore rig count in April – meaning active rigs – was 201, an improvement March when the number stood at 197. Year on year, however, the April number shows a drop of 19 units when compared to 220 counted in April 2016. This is according to a monthly rig count provide by the [&hel
Gallery: Zeebrugge Welcomes MSC Preziosa
Image Courtesy: Cruise Port Zeebrugge/Tibo Deprest MSC Preziosa, a cruise ship owned by Swiss MSC Cruises, has visited Cruise Port Zeebrugge in Belgium for the first time. The 139,072 gross-ton vessel arrived at the port in the afternoon hours of May 4. Sailing from Hamburg, MSC Preziosa, which feat
Ampelmann Trials Electrical Trolley on Esvagt Froude SOV
Ampelmann has completed offshore trials of the first electrical trolley, named CargoLight, on the Esvagt Froude Service Operation Vessel (SOV), which is working for Siemens Wind Power at the Baltic 2 offshore wind farm in Germany.
Shell’s energy and LNG trading units name new heads
The Hague-based LNG giant Shell’s units, Shell Energy Europe (SEE) and Shell LNG Marketing and Trading (SMLT) have named new leads for their businesses.
Oil prices continue slide; WTI nearing six-month low as supply glut weighs
Oil prices fell by as much as a further 3 percent on Friday, after prices had crashed to five-month lows in the previous session, as concerns about global oversupply wiped out all of the price gains since OPEC’s move to cut output.
Awilco LNG’s Q1 net loss grows, freight income down
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, widened its net loss in the first quarter of this year due to low activity of its vessels and lower spot rates. Awilco LNG’s net loss rose to $10.4 million in the first quarter, as compared to $4.6 million in the same quarter last yea
VV: Newbuilding Orders Drop in April
Twenty-one new ships were ordered on a global level during the month of April, according to a monthly market report released by Vessels Value. When compared to April 2016, newbuilding orders have decreased by 27.6 percent. Out of 21 orders placed in April 2017, five were for bulkers and sixteen for
Russia suspends LPG exports to Ukraine again – traders
MOSCOW (Reuters) – Russian exporters have suspended liquefied petroleum gas (LPG) exports to Ukraine for the second time in a month because Russia’s regulator has not given clearance for the shipments, traders said on Thursday. Russia restricted LPG exports to Ukraine in early April for a few days c
Centrica hires Servelec for offshore platform remote control
UK firm Servelec Controls has been awarded a contract by Centrica to provide a remote operations solution for a normally unmanned offshore gas platform – DP6 – on the Morecambe field off the coast of Lancashire and Cumbria, UK. The project will extend the life and commercial viability of the ageing
IMB: 58 Seafarers Kidnapped in Q1, 2017
Pirates and armed robbers attacked 43 ships and captured 58 seafarers in the first quarter of 2017, slightly more than the same period last year, according to the latest ICC International Maritime Bureau’s (IMB) piracy report. The global report highlights persisting violence in piracy hotspots off N