News
Most UK oil and gas projects typically delivered late, OGA report reveals
A new report by the UK oil and gas industry regulator, the Oil and Gas Authority (OGA), has revealed that less than a quarter of new oil and gas projects on the UK continental shelf (UKCS) have been delivered on time since 2011. The OGA on Friday published a five-year review of major oil and gas [&h
Danes Launch Offshore Wind-Optimised Drill Ship
Danish engineering consultancy company Geo and shipping company NCT Offshore have launched a new drill ship, named Freja, an S-Class ROV Support DP2 vessel and the only drill ship of its calibre and type in the Nordic countries after the rebuild, according to the companies that marked entering a str
TGS disputes fine ordered due to violations in seismic data sale
TGS, a provider of multi-client geoscience data to oil and gas companies, has challenged a fine ordered by a Norwegian unit against economic and environmental crimes. Namely, on March 2, 2017, Økokrim, the Norwegian National Authority for Investigation and Prosecution of Economic and Environmental C
Brexit Could Have Severe Impact on Gibraltar’s Bunkering
Gibraltar’s bunkering and other port activity could be “severely affected” by any additional border restrictions resulting from Brexit, according to Commodore Bob Sanguinetti, CEO and Captain of the Gibraltar Port Authority. The British overseas territory is one of the Mediterranean’s major bunker p
Seaproof to Protect TWB II Inter-Array Cables
Siem Offshore Contractors has awarded Seaproof Solutions with a contract for the design and supply of cable protection systems for the inter-array subsea cables at the Trianel Windpark Borkum II offshore wind farm in Germany.
Iv-Oil & Gas Working on Borkum Riffgrund 2 OSS
HSM Offshore has awarded Iv-Oil & Gas the engineering and procurement of the Borkum Riffgrund 2 offshore substation.
Iv-Oil & Gas Working on Borkum Riffgrund 2 OSS
HSM Offshore has awarded Iv-Oil & Gas the engineering and procurement of the Borkum Riffgrund 2 offshore substation.
Second Windea SOV Named and Ready for Sandbank
Windea Leibniz, the second service operation vessel (SOV) ordered by Bernhard Schulte Offshore and ICBC Leasing from Ulstein, will start working for Siemens at the Sandbank wind farm in April, after being named at a ceremony held today.
Engie narrows loss, takes $4bn impairment hit
French utility and LNG player Engie remained in the red last year as it booked a hefty write-down due to low power prices and higher nuclear provisions in Belgium. Engie said Thursday it had booked 3.8 billion euros ($4 billion) worth of impairments in 2016. The impairments included 1.9 billion euro
Wood Group completes Leviathan FEED
Aberdeen-based LNG engineer Wood Group completed the front-end engineering design (FEED) for Noble Energy’s Leviathan field development project in the Eastern Mediterranean Sea.
Hamburg Creates Space for Mega-Ships
The Hamburg Port Authority (HPA) has completed deepening of the Vorhafen entry, creating more space for large containerships as well as for cruise ships. The Vorhafen is the gate to the turnover areas in Steinwerder. According to the HPA, the project has enabled big ships to maneuver in Tollerort re
Eni plans to boost LNG portfolio
Italy’s Eni intends to turn its gas and power business into the company’s global gas and LNG marketing arm.
Höegh LNG Partners Q4 profit jumps
Höegh LNG Partners, the Bermuda-based limited partnership formed by Norway’s Höegh LNG, reported a rise in its net income for the fourth quarter of 2016.
Clarksons: Product Tanker Fleet Enters Moderate Growth Era
Product tanker orderbook has dropped to its lowest level in nearly 17 years as it was equivalent to 10.2% of fleet capacity at the start of February 2017, a low not seen since August 2000, according to Clarksons Research. At the start of February, the product tanker orderbook of 10,000+ dwt vessels