News
Wind Solution on Rampion Duty
C-bed’s flotel Wind Solution has arrived to Sussex to provide offshore accommodation for the crews currently working on the 400MW Rampion offshore wind farm.
Wärtsilä’s first quarter order intake grows
Finnish engine manufacturer Wärtsilä order intake during the first three months of 2017 grew 11 percent to €1.41 billion (US$1.55 billion) from €1.27 billion in the corresponding period in 2016.
Norway doubles oil and gas resources estimate for Barents Sea
The undiscovered oil and gas resources in the Barents Sea are twice as large as previously assumed, according to new calculations by the Norwegian Petroleum Directorate (NPD), Norway’s petroleum resources regulator. The Norwegian Petroleum Directorate has recently mapped the eastern part of the nort
Solstad Offshore gets rid of laid up platform supplier
Solstad Offshore, a Norwegian offshore service and supply vessel provider, has sold one of its platform supply vessels (PSVs). Solstad said in a statement on Wednesday that the vessel in question was the Normand Vester. The delivery of the vessel took place on the day of the announcement, April 26.
Cairn gets operatorship over Irish license
Europa Oil & Gas, a UK and Ireland focused exploration, development and production company, has received consent from the Irish Government for the transfer of 70 percent interest in and operatorship of Licensing Option 16/19 to Cairn Energy. Europa O&G said on Wednesday that the interest and operato
BIMCO: Dry Bulk Recovery A False Dawn
Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point mark on 27 March 2017, BIMCO expects the sector’s fully-fledged recovery to start taking shape in 2018 and 2019. The BDI going up brought earnings into profitable levels for a couple o
Gazprom CEO sees share of EU gas market rising despite LNG rivals
By Dmitry Zhdannikov LONDON (Reuters) – A new pipeline from Russia’s Arctic fields to Germany will boost Moscow’s share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said. Chief Execut
Decal, San Marco Petroli plan Italian LNG facility
Italian companies Decal and San Marco Petroli have unveiled plans to build a liquefied natural gas (LNG) storage terminal in Porto Marghera, Venice. The duo said in a statement issued last week that they have completed the feasibility study for the construction of the LNG terminal able to receive fe
DOF takes over Canadian Subsea Shipping ahead of Husky contract start
Norwegian offshore vessel specialist DOF Subsea has taken full control of Canadian Subsea Shipping Company AS. According to a filing on the Oslo Stock Exchange on Monday afternoon, DOF has bought the remaining shares in Canadian Subsea Shipping. DOF, providing survey, remote intervention and diving
Report: Wagenborg Shipping sells five-year-old OSV
Wagenborg Shipping, a subsidiary of international transport specialist Royal Wagenborg, has reportedly sold one of its offshore supply vessels (OSVs) to an undisclosed buyer. According to information provided by VesselsValue, a website providing intel on the offshore and shipping world, the company
Amec FW expects further O&G decline
Amec Foster Wheeler, a UK engineering and construction giant, doesn’t expect to see improvement in the oil & gas part of its business in 2017. The company’s revenue in 2016 was £5,44 billion, in line with £5.45 billion reported in 2015. Loss before tax deepened to £542 million, compared to £235 mill
Report: Havila sheds anchor handler as part of restructuring plan
Norway’s shipowner Havila Shipping has reportedly sold one of its anchor handling tug and supply (AHTS) vessels to an unnamed Vietnamese buyer. According to information provided by VesselsValue, the vessel in question is Havila’s POSH Venture. The vessel, along with the 2008-built POSH Viking, POSH
Enagás’ first quarter profit rises
Spanish LNG terminal operator, Enagás reported a net profit of €102.8 million (US$111.9 million) in the first quarter of 2017.
PHOTO: TechnipFMC’s New DSV Gears Up for Its First Project
TechnipFMC’s new diving support vessel (DSV) Deep Explorer is preparing for its first project, the company informed through social media. It hasn’t been yet confirmed which project the DSV, purpose-designed for subsea projects in the North Sea and Canada markets, will be engaged in. TechnipFMC added