News
Shell’s Q1 profit surges, LNG sales up
The Hague-based LNG giant Shell on Thursday reported a 136 percent surge in the profit for the first quarter, boosted by stronger oil and gas prices and improved refining margins. Shell’s first-quarter earnings on a current cost of supplies (CCS) basis and excluding exceptional items rose to $3.86 b
Missing Diver Found in Orkney
A diver that went missing was found in Orkney by a dive boat on Wednesday. The dive boat Fair Morn reported to Shetland Coastguard that they had a missing diver off Burwick in Orkney. The Coastguard coordinated an extensive search of the Pentland Firth area involving RNLI lifeboats from Thurso, Long
Statoil hands over Polarled gas pipeline to Gassco
Norwegian energy company and LNG player Statoil said it has transferred the operatorship of the Polarled natural gas pipeline to Gassco. The 482-kilometre pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna was delivered NOK 4.5 billion ($520m) below budget, according to a sta
Baltic Dry Index Drops to 1,034 Points
Baltic Dry Index (BDI) has fallen for the eleventh straight session marring its recovery trend from March this year. The index is now at 1,034 points, down by 39 points. This is a considerable fall from the 1,282 point mark BDI passed on March 27, 2017. Cape index had the worst decline this week hav
Manor Venture’s First Galloper Push
The Manor Venture, Manor Renewable Energy’s new wind farm service vessel, has performed the first push test on the 336MW Galloper wind farm off Suffolk.
Manor Venture’s First Galloper Push
The Manor Venture, Manor Renewable Energy’s new wind farm service vessel, has performed the first push test on the 336MW Galloper wind farm off Suffolk.
Bladt Lifts First Beatrice External Platform
Denmark’s Bladt Industries has completed the first lifting operation of the external platform onto the upper jacket 3D structure for the first out of 30 jacket foundations for the Beatrice Offshore Windfarm Ltd (BOWL) project.
Oil rebounds on U.S. stocks drawdown, but declining OPEC compliance weighs
By Naveen Thukral SINGAPORE (Reuters) – Crude oil prices bounced back on Wednesday as a decline in U.S. inventories underpinned the market, although a dip in compliance with OPEC efforts to reduce output and near record supplies capped gains. The benchmark for global oil market, Brent futures gained
Vard to Build Research Expedition Vessel for Rosellinis Four-10
Vard has secured a contract for the design and construction of one research expedition vessel (REV) for Rosellinis Four-10. Rosellinis Four-10 is wholly-owned by the Norwegian industrialist Kjell Inge Røkke and his family. Developed by Vard Design in collaboration with the customer and the designer
World’s largest construction vessel brings heaviest load to UK shore
Shell’s Brent Delta platform topside has reached a UK yard where it will be decommissioned. To remind, the topside was lifted off its offshore location last week by Allseas’ Pioneering Spirit vessel, in an effort that has been described as the world record in lifting. The topside weighs around 24,00
New Safety Standards Agreed for Passenger Ships in Flensborg Fjord
Danish Maritime Authority (DMA) and German Federal Ministry of Transport and Digital Infrastructure (BMVI) signed a common agreement on safety standards for the transport of passengers in the Flensborg Fjord on April 28. The agreement defines the scope of safety standards to be met by passenger vess
Video: Regal Princess Completes Its Paint Job
Video Courtesy: Unimedien The video shows Princess Cruises’ Regal Princess with a new bow painting sailing on the river Elbe in Germany on April 28. From April 17 to 28, the cruise ship was at Blohm+Voss shipyard in Hamburg for retrofit. Following its drydocking, the Royal-class vessel left Hamburg
VW in talks with Exxon, Gazprom on gas-powered cars: Mueller on ORF
VIENNA (Reuters) – Volkswagen is in talks with Exxon Mobil Corp and Gazprom to back its efforts to promote cars running on natural gas, Chief Executive Matthias Mueller told Austria’s ORF radio. Europe’s biggest carmaker is working on a shift towards electric cars and fuel-saving technologies as it
Total acquires Dutch LNG supplier PitPoint
Total of France said it will acquire the Dutch LNG supplier and alternative fuel stations operator, PitPoint.