News
Report: Rosneft to supply 10 LNG cargoes to Egypt
Rosneft Trading, a unit of Rusia’s Rosneft, has reportedly agreed to supply 10 liquefied natural gas cargoes to the Egyptian Natural Gas Holding Company (EGAS) by the end of the year.
Magseis looking to hire offshore vessel with seismic equipment
Norwegian geophysical company Magseis has entered into a letter of intent with an unnamed provider of offshore vessels regarding a potential vessel charter. Magseis said in a statement on Tuesday that such agreement includes an option for the lease of certain seismic equipment. However, the company
Van Oord: 2016 Revenue Declines while Order Book Grows
Van Oord reported a decline in its 2016 revenue and net profit amid challenging dredging and offshore oil & gas markets. However, same as other similar companies, Van Oord said it sees opportunities for growth in the offshore wind sector.
Sovcomflot’s profit slides
Russia’s largest shipping company Sovcomflot posted a 41.7 percent drop in net profit for the year 2016 that was market by market volatility.
Investigation finds safety flaws on Statoil’s Grane platform
Norway’s offshore safety agency, the Petroleum Safety Authority (PSA), has found seven non-conformities and four improvement points during a safety audit of Statoil’s Grane platform, offshore Norway. Grane is an oilfield in the North Sea operated by Statoil, some 185 kilometers west of Haugesund. Th
PSA slaps Statoil with safety order over near-fatal Sture gas leak
The Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has issued an order to Statoil following a poisonous H2S gas leak at the Sture terminal on October 12, 2016. The Sture terminal in Øygarden municipality in Hordaland is a port for crude oil shipments. It receives crude oil
Norway’s oil output in February tops prognosis
Norway’s oil production in February 2017 was slightly lower when compared to the same period in 2016 but still above the prognosis for the month, according to a report by the Norwegian Petroleum Directorate (NPD). Preliminary production figures for February 2017 show an average daily production of 2
Vryhof sets in motion new engineering unit
Offshore mooring services provider Vryhof and its business unit Deep Sea Mooring (DSM) have launched a new engineering unit to support the company’s offshore oil & gas, renewables, and aquaculture operations. Vryhof is a supplier of anchoring and mooring solutions that consists of Deep Sea Mooring,
IDC Cancels Worldwide Strikes to Enable New Talks in Spain
The International Dockworkers’ Council (IDC) has called off strikes planned for March 23, which were previously scheduled to be held in ports around the world, to enable new negotiations in the Spanish port sector. The move follows the decision from March 16 of the Spanish parliament to reject the r
Russian Freighter Lists in Norwegian Sea
Russian-flagged cargo ship Mekhanik Fomin developed a heavy portside list while underway in the Norwegian Sea west off Narvik after a reported cargo shift, Norwegian Coast Guard confirmed. The ship, loaded with timber, was en route to Inverness, the UK when it got in trouble following a cargo shift
Clarksons: Shipping Industry Looking for Ways to Return to Faster Volume Growth
The shipping industry is looking for ways to return to faster expansion in volumes as the slowdown in volume growth since the financial crisis focussed the industry’s thoughts on potential barriers to healthy long-term trade growth, according to Clarksons. From 1988 to 2008, growth in world seaborne
Strike action looms as UK offshore workers reject pay deal again
Members of Scotland’s biggest offshore trade union Unite have once again voted to reject a pay offer by their employers thus moving a step closer to a potential strike action. The union said in a statement on Monday that, in a consultative ballot, 81 per cent of its members voted to reject the lates
Repsol Sinopec: Sheen not linked to Montrose. Production resumes
Repsol Sinopec UK has resumed production from its Montrose platform offshore the UK following a sheen discovered nearby. In a statement sent to Offshore Energy Today, the company’s spokersperson said that following following identification of a sheen in the vicinity of the Montrose-Arbroath subsea p
UK: Forties pipeline sale talks spark call for urgent gov’t inquiry
Following news that BP was in talks with the petrochemical company Ineos over the sale of the Forties oil pipeline in the UK sector of the North Sea, UK’s trade union Unite has responded with demands for urgent government inquiry. BP confirmed on Friday it was in talks with Ineos for the sale of the