News
Klaipedos Nafta LNG terminal revenue slides in February
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal reported a 12,9 percent drop in sales revenue from the facility during January 2017.
Spotted: Liverpool2 Container Terminal Welcomes HS Paris
HS Paris, a Post-Panamax containership owned by German-based corporation Hansa Treuhand, berthed at the Liverpool2 deep-water container terminal on March 6, becoming the largest boxship to ever call at the Port of Liverpool following the phase 1 opening of the facility in November 2016. “This is a h
Walkouts Planned across EU Ports to Back Spanish Dockworkers
As the Spanish government postpones voting on the port reform for another week, international dockworkers unions from neighboring countries are planning to join industrial action in support of their Spanish colleagues. Namely, the bill amending the Ports Act of 2010 was scheduled to be debated and v
Safety probe finds flaws after fire on Statoil’s Statfjord A
Norway’s offshore safety watchdog, the Petroleum Safety Authority (PSA), has completed its investigation of the fire which broke out on Statoil’s Statfjord A platform offshore Norway in October 2016 and identified breaches of regulations. Statfjord A is a North Sea production platform that has a con
VIDEO: Kongsberg Maritime Adds New Research Vessel to Its Fleet
Kongsberg Maritime, a Norwegian technology company, has added a new research vessel to its fleet. The new research vessel, named Sølvkrona, is specially designed for testing of autonomous technologies. The Harbor Master from Horten, Bente Levin, christened the new vessel. According to Kongsberg, the
Italy: Snam ups investment, eyes small-scale LNG development
The Italian natural gas transmission system operator, Snam, intends to study the development of small-scale LNG business and to up its investment over the 2017-2021 period.
Amec Foster Wheeler scores Shell deal
British multinational consultancy and engineering company Amec Foster Wheeler said it has won a five-year deal with a unit of the Hague-based LNG giant Shell. Under the enterprise framework agreement, Amec Foster Wheeler will provide services for Shell Global Solutions International’s downstream pro
First Turbine Stands at Nordsee One
MPI Offshore’s wind turbine installation vessel MPI Enterprise has installed the first Senvion 6.2M-126 turbine at the 332MW Nordsee One offshore wind farm in the German North Sea.
Private equity money to inspire North Sea investment – oil lobby
LONDON (Reuters) – A recent surge in North Sea deals, driven by private equity money, will inspire other investors to spend more in the ageing basin where gross revenue has turned positive for the first time in five years, Britain’s oil lobby said. The UK North Sea oil and gas market has attracted d
Eni expands acreage offshore Cyprus
Italian oil and gas company Eni finalized a farm-in agreement with Total to acquire 50 percent participating interest in block 11 offshore Cyprus.
Gazprom secures €700 mln loan from Credit Agricole
Gazprom signed a five-year €700 million (Approx: US$740 million) with France’s Credit Agricole Corporate & Investment Bank.
Energy Minister Novak: Russia’s hydrocarbons industry competitive despite sanctions and downturn
Despite difficulties posed by international sanctions and the downturn in the past two to three years, the Russian hydrocarbons industry has demonstrated positive results, helped by a very liberal investment regime that incentivizes greenfield developments and further production of brownfields. The
UK Detains Two Foreign Flagged Ships in February
Two more foreign flagged ships were detained in UK ports during February 2017 after they failed Port State Control (PSC) inspection, the country’s Maritime and Coastguard Agency (MCA) informed. The ships in question are Hoegh St. Petersburg and Cemgulf. The Norway-flagged large car and truck carrier
DW: Vessel contractors preparing to bounce back as market shows signs of balance
The announcement on the 28th February of Emas Chiyoda’s bankruptcy is the latest in a long line of vessel contractors to fall victim to the downturn since January 2015, according to Douglas-Westwood’s latest DW Monday report. Multiple companies such as Cal Dive, Ceona, Cecon, Hercules Offshore, Hark