News
Forland Secures Work for Its Vessel During EMAS Standstill
Forland Subsea has entered into a time charter agreement with an undisclosed contractor for the Lewek Inspector vessel, following a standstill agreement with EMAS AMC. Forland Subsea and EMAS AMC have entered into a standstill agreement for the duration of the short-term charter. The expected charte
Study gives new hope for Rockall Basin exploration
Geologists from the University of Aberdeen have studied the latest seismic data supplied by the UK’s Oil and Gas Authority (OGA) to identify potential future exploration opportunities in the Rockall Basin area of the North Atlantic, signaling new hope for exploration. The University stated that most
Norway’s production falls 2 pct in January
Norway’s preliminary production figures for January 2017 show an average daily production of about 2 024 000 barrels of oil, NGL and condensate, according to a report by the Norwegian Petroleum Directorate (NPD). This is 42 000 barrels per day (about 2 percent) less than December 2016. Total gas sal
Shell: Bright Outlook for LNG Trade
By 2020, the size of global LNG trade is projected to grow by 50% compared to volumes in 2014, driven particularly by LNG exports from Australia and the USA, oil and gas major Shell said in its first LNG Outlook. One-third of the LNG supply capacity growth is from facilities that recently commenced
A Go-Anywhere Yacht under Passenger Yacht Class and Polar Code
Every superyacht is unique in its own way, but some are more unique than others. One of the most unique superyachts sailing around is Legend, which has a history, capabilities, sailing grounds and purpose which are all very different from any other yacht. Charter business Motor yacht Legend is owned
ECSA Condemns Logistics’ Support for Regional Measures
The European Community Shipowners’ Associations (ECSA) has criticized European port and freight forwarder associations which voiced their support of the European Parliament’s position to include shipping in the EU Emission Trading Scheme as of 2023. In mid-February, a majority of Members of the Euro
Shell’s first LNG Outlook: LNG demand to grow at twice the rate of gas demand
The Hague-based LNG giant Shell on Monday launched its first” LNG Outlook”, an assessment of the global liquefied natural gas (LNG) market. According to the outlook, global demand for gas is expected to increase by 2% a year between 2015 and 2030 while LNG demand is set to rise at twice that rate at
First Wikinger Turbine All Done
The first of 70 Adwen 5MW turbines has been successfully installed at the Wikinger offshore wind farm, Iberdrola’s 350MW project in the German Baltic Sea.
Boskalis’ result hurt by offshore decline
Dutch offshore and dredging contractor Boskalis will report non-cash impairment charge of EUR 840 million ($892 million) in its annual results 2016, hurt by the challenging offshore oil and gas market conditions. Boskalis will publish its annual results on March 8. The company said on Friday the cha
Golar LNG cashes in over $402 million
Golar LNG’s offering of 2.75 percent convertible senior notes brought in US$402.5 million in a private placement to qualified institutional buyers.
Top news of the week February 13-18
Inpex names Ichthys LNG offshore facilities Inpex-operated Ichthys LNG project held two naming ceremonies at the South Korean shipyards for the project’s two offshore facilities. Flex LNG looking to buy two Geveran MEGI LNG newbuilds Flex LNG, the shipping company controlled by billionaire John Fred
PHOTO: Maersk’s first Starfish AHTS on sea trials
Danish offshore vessel provider Maersk Supply Service posted an image on social media channels showing its first Starfish series anchor handling vessel undergoing sea trials. Maersk Supply said on Friday that the first of six Starfish newbuilds started sea trials during the week and that it would wo
Woodside finances subsea tech order with Norwegian export loan
Norway’s OneSubsea is working to deliver subsea technology worth more than NOK 1 billion for Woodside’s Greater Enfield project off Australia, supported by export financing from Export Credit Norway, GIEK and DNB. OneSubsea was awarded a contract by Woodside to deliver a subsea production system and
Vineyard Power Talks Offshore Wind with Cape Cod Fishermen
Representatives from Vineyard Power and Vineyard Wind met the Cape Cod Commercial Fishermen’s Alliance on Wednesday in Chatham to get the fishermen’s feedback on an offshore wind project planned to be developed off Martha’s Vineyard.