News
Kincardine Offshore Puts Kishorn Dry Dock to Use
Kincardine Offshore Windfarm Limited (KOWL) has opted to use Kishorn Dry Dock in Strathcarron, Wester Ross, during the construction of the 48MW Kincardine floating wind farm.
Rhenus Completes Wikinger Supply Runs
Rhenus Offshore Logistics has concluded its first contract in the Baltic Sea after completing 15 supply runs to Iberdrola’s Wikinger offshore wind farm.
Gazprom’s Miller talks LNG supplies with Kuwaiti ambassador
Potential liquefied natural gas deliveries from Russia to Kuwait have been discussed during the meeting between Gazprom’s head, Alexey Miller and Abdulaziz Al-Adwani, Kuwait’s ambassador to Russia.
Ithaca: All set for Delek takeover
Ithaca Energy, a North Sea oil and gas operator, is ready to get taken over by the Israeli oil and gas company Delek. Ithaca on Friday said that all the conditions of the previously announced cash takeover offer for the shares not already owned by Delek had been satisfied. According to Ithaca, the o
Hoegh LNG Partners ups cash distribution due to FSRU aquisition
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s Höegh LNG, raised its first quarter cash distribution to $0.43 per unit. This represents an increase of 4.24% from the fourth quarter 2016 distribution and is related to the acquisition of 51% of FSRU Höegh Grace, Höegh LNG
Atlantic sells anchor handler to offshore wind market
Shipping company Atlantic Offshore has sold and delivered one of its anchor handling, tug, and supply (AHTS) vessels to an unnamed buyer. The company said that the multi-purpose AHTS Ocean King was sold to an undisclosed German buyer and will be used in the offshore wind market. The vessel has been
Novatek elects board of directors
Novatek, the developer of the giant Yamal LNG project in Russia, re-elected the company’s board of directors at the annual general meeting of shareholders.
18,000+ TEU Megaships: Will They Live Up to the Promise?
There are 56 container ships of 18,000 + TEU on order slated for delivery from April, 2017 till June, 2020. The mega boxships are intended predominantly to sail on the North Europe-Far East trade dominated by carrier alliances that have been freshly reshuffled. Only this year 19 vessels of this size
Hammer Time on Merkur Offshore Wind Farm
GeoSea has installed the first of 66 monopiles on the 396MW Merkur offshore wind farm in the German North Sea.
Gaz-System green-lights Polish LNG terminal expansion
Polish gas transmission operator, Gaz-System has decided to expand the country’s first liquefied natural gas (LNG) import terminal in Swinoujscie.
UK union presses on with offshore strike ballot plans
UK’s offshore trade union Unite is pushing ahead with preparations for an official ballot on industrial action. Offshore members of Unite the union are in the middle of a dispute over pay and conditions with their employers, represented by the Offshore Contractors Association (OCA). Unite, along wit
Exxon will not say if it is seeking waiver from Russia sanctions
HOUSTON (Reuters) – Exxon Mobil Corp <XOM.N> on Wednesday declined to comment on a media report that it is seeking permission from the U.S. government to drill in several areas of the Black Sea banned by U.S. sanctions on Russia. The Wall Street Journal reported that Exxon had in recent months appli
OGA urges UK oil & gas industry to collaborate to maximize recovery
The Oil and Gas Authority (OGA), the UK oil and gas regulator, has reaffirmed its focus on the importance of collaboration and is urging industry to increase the pace at which licensees develop a culture of collaboration internally, and externally with existing joint venture (JV) partnerships and be
Oil prices to revolve around $60–70 in next three years, MEI says
McKinsey Energy Insights (MEI), a specialist energy data and analytics unit within McKinsey consulting firm, has released its latest Global Oil Supply and Demand Outlook, which claims that oil prices will revolve around $60–70/bbl over the next three years. The report identifies five potential suppl