News
Bomin Linde LNG becomes Nauticor
Linde Group’s unit Bomin Linde LNG will start operating under the name Nauticor, following the group’s acquisition of all of Marquardt & Bahls’ shares in Bomin Linde LNG in autumn 2016.
Woodmac sees signs of improvement in deepwater sector
Deepwater oil and gas industry, generally considered an expensive investment, has managed to cut its costs to a certain level, allowing its most attractive deepwater projects to now compete with US tight oil plays, Wood Mackenzie said. However, more cuts are needed to drive the deepwater breakevens
Fluxys Belgium upbeat on small-scale LNG as profit slides
Fluxys Belgium, the operator of the Zeebrugge LNG terminal, on Wednesday said its net profit dropped from €49.3 million in 2015 to €33.7 million (Approx: US$36.3 million) in 2016.
Opus Marine Nets Arkona Crew Transfer Contract
Hamburg-based Opus Marine has won a contract to provide crew transfer services during the construction of the 385MW Arkona offshore wind farm in the German North Sea.
All systems go for Geoex’s MCG takeover
Geophysical and geological services company Geoex has completed the voluntary offer to acquire all outstanding shares in the marine seismic data provider MultiClient Geophysical (MCG). Geoex’s voluntary cash offer for all outstanding shares of MCG was made on January 19, 2017, offering NOK 1.40 per
Drewry: No Significant Recovery for Multipurpose Shipping before 2018
Rates in the multipurpose shipping sector seem to have bottomed out as signs of market recovery emerge after ten years, with momentum expected to build over the next few years, Drewry’s latest Multipurpose Shipping Market Annual Review and Forecast 2017 says. Dry cargo demand is forecast to grow by
Novatek boosting Russian LNG capabilities
Russia’s Novatek, the developer of the giant Yamal LNG project, signed on Wednesday a cooperation deal with Atomenergomash, a unit of Russian nuclear group Rosatom. Under the memorandum on strategic partnership and cooperation, the two companies plan to join forces in producing equipment, pipelines
Coalition advocating LNG as fuel joined by three new members
SEALNG, the industry coalition promoting the adoption of LNG as a marine fuel has been joined by three new members JAX LNG, Petronet LNG and Toyota Tsusho Corporation (TTC).
Oil rises on Libyan supply disruptions, likely OPEC output cut extension
By Henning Gloystein SINGAPORE (Reuters) – Oil prices on Wednesday extended gains from the previous session, lifted by supply disruptions in Libya and expectations that an OPEC-led output reduction will be extended into the second half of the year. Front-month Brent crude futures <LCOc1>, the intern
GeoSea Installs All Galloper Foundations Two Months Early
GeoSea’s jack-up vessel Innovation has installed all 56 turbine foundations at the 336MW Galloper offshore wind farm two months ahead of schedule, Galloper Wind Farm Ltd. reports.
GeoSea Installs All Galloper Foundations Two Months Early
GeoSea’s jack-up vessel Innovation has installed all 56 turbine foundations at the 336MW Galloper offshore wind farm two months ahead of schedule, Galloper Wind Farm Ltd. reports.
Gazprom inks MoU with Iranian NIOC
Russian giant Gazprom signed a memorandum of understanding with the National Iranian Oil Company, to cooperate in the field of hydrocarbon prospecting, exploration and production within Iran.
Baker Hughes looking to trim workforce in Norway
Baker Hughes, one of the world’s largest oilfield services provider is looking to cut its workforce in Norway amid challenging market conditions. Following several reports from Norway that the company will offer severance packages to its Norwegian workforce, Offshore Energy Today has managed to obta
C-Job Awarded Basic Design Contract for DEME’s Orion
C-Job Naval Architects will provide the Basic Design package for the new wind farm installation vessel ordered by DEME from COSCO (QiDong) Offshore in China.