News
Chrysaor takes $1.5B loan to pay for Shell’s North Sea assets
London-based independent oil & gas company Chrysaor Holdings has secured a $1.5 billion loan facility, which will be used to finance the previously announced deal to buy a package of Shell’s UK North Sea assets for a price of $3 billion. Chrysaor said on Thursday it has completed the syndication of
Spotted: Port of Rotterdam Welcomes Xin Guang Hua
In today’s spotted, we bring you an image of Xin Guang Hua, a semi-submersible heavy transport vessel owned by China’s Cosco Shipping, which arrived at the Port of Rotterdam on April 13 with Western Isles FPSO newbuilding on board. Xin Guang Hua was built by Guangzhou Shipyard International (GSI) in
Gate LNG throughput low in Q1, but up YoY
LNG throughput volumes at the Dutch Gate terminal rose 65.6 percent in the first quarter of this year as compared to the same period a year ago, according to the data released by the Port of Rotterdam on Thursday. Total LNG throughput reached 234,000 mt in the first quarter, as compared to 142,000 m
Lloyd’s Register grants AIP for Wärtsilä and CHI’s LNG fleet concept
Natural gas operating fleet concept jointly developed by Wärtsilä and COSCO shipping Heavy Industry received Lloyd’s Register’s approval in principle (AIP).
(Gallery) ALE continues module trans-shipment operations for Yamal LNG
Heavy-lift specialist ALE has been contracted to provide module trans-shipment operations for the Yamal LNG project and has been working on the project since preparation stages in 2015.
OPEC over-delivers on oil cuts, but sees rivals’ output rising
By Alex Lawler LONDON (Reuters) – OPEC cut oil output in March by more than pledged under a supply reduction deal and said oil inventories had fallen in February, suggesting that its effort to clear a supply glut that has weighed on world oil prices is succeeding. But the Organization of the Petrole
Con4Mare Lands Borkum Riffgrund 2 Marine Warrant Survey Contract
DONG Energy has awarded Con4Mare with a contract to provide marine warranty survey services for the 450MW Borkum Riffgrund 2 offshore wind farm in the German North Sea.
Karpowership Americas Buys SEA POWER
A2SEA’s wind turbine installation vessel SEA POWER has been sold to Karpowership Americas Company, A2SEA informed on 12 April.
Sevnor expands further. Buys Tidewater PSV
Cyprus-headquartered offshore vessel owner Sevnor has reportedly acquired a newbuild platform supply vessel in Turkey. This piece of information was shared on Tuesday by the Norwegian shipbroking company Westshore. According to Westshore, Sevnor has bought the 89.1 meters long Troms Polaris PSV from
VBMS to Wire East Anglia ONE Array with JDR 66kV Cables
VBMS has awarded JDR the supply of 66kV inter-array cables for the East Anglia ONE (EA1) offshore wind farm, developed by ScottishPower Renewables.
GTT reports decline in first quarter revenue
GTT (Gaztransport & Technigaz), the French maker of LNG containment systems, reported a revenue of €56.9 million (Approx: US$60.4) for the first quarter of 2017, declining 2.9 percent from the corresponding quarter last year.
Beatrice Export Cable Works Set to Begin
The first stage of works for the Beatrice offshore wind farm’s export cable is scheduled to start on 13 April at Portgordon, near Buckie, and will include installation of horizontal cable pipes, as well as underwater operations including diving, tunnelling and seabed preparation, according to the de
ConocoPhillips set to award contracts for Ekofisk platform removals
ConocoPhillips is set to award a contract for the removal of Ekofisk field platforms to the Dutch contractor Heerema Marine Contractors. This is according to a statement by AF Gruppen, one of the largest civil engineering and construction companies in Norway. Namely, in a statement on the Oslo Stock
G7 advocates flexible LNG contracts
The G7 energy ministerial meeting, under Italian presidency, called for greater flexibility of commercial clauses in liquefied natural gas (LNG) supply contracts.