News
Vattenfall Files Request for Thanet Extension Seabed Rights
Vattenfall has submitted a request to the Crown Estate for the seabed rights for the Thanet Extension offshore wind farm.
Sequa Petroleum to stop Norwegian E&P activities
Oil and gas company Sequa Petroleum plans to cease its E&P activities in Norway, conducted through Tellus Petroleum, and focus on acquiring assets elsewhere in Europe. Regarding plans to stop its activities in Norway, Sequa said on Thursday that consultation procedures with Tellus employee represent
Total’s profit, LNG sales climb
French gas and oil giant Total reported on Thursday a rise of 16% in its adjusted net income in the fourth quarter. Total reported an adjusted net profit of $2.4 billion, as compared to $2.1 billion in the same quarter a year before. “After falling from 100 $/b in 2014 to 52 $/b on average […
Vroon’s Platform Supply Vessel Backs Rampion OWF Operations
Last weekend, Vroon’s DP2 platform supply vessel (PSV) VOS Prime carried out a supply run to the wind turbine installation vessel MPI Discovery at the Rampion offshore wind farm in the UK, where MPI Discovery is at work until later this month.
Port of Rotterdam: Gate LNG throughput down 26 pct in 2016
LNG throughput volumes at the Dutch Gate terminal decreased 26.1 percent during 2016 as compared to the year ago, according to the data released by the Port of Rotterdam on Thursday. Total LNG throughput reached 1.7 million mt last year, as compared to record 2.3 million mt in 2015. The reason behin
UK Detains Five Foreign Flagged Ships in January
Five more foreign flagged vessels were detained in UK ports during January 2017 after failing Port State Control (PSC) inspection, the country’s Maritime and Coastguard Agency (MCA) revealed. The ships in question include Skyline Barge 17, Sea Emperor, Fanfare, Salix and BBC Coral. The Netherlands-f
Standard Drillling takes over Volstad PSV trio
S.D Standard Drillling has taken delivery of three platform supply vessels from Volstad Shipping. Standard Drilling announced the purchase of Volstad’s three Norwegian-built PSVs on January 19, 2017, for a consideration of $40 million. The vessels, of a ST-216L CD type, are Volstad Viking, Volstad S
Aker Solutions: 4Q net loss deepens. No dividend for 2016
Aker Solutions’ revenue fell, and net loss deepened in the fourth quarter of 2016, amid the global market slowdown in demand for oil services. The company expects more of the challenging market conditions ahead, and will pay no dividend for 2016.
ITF: Spanish Unions to Stage Strike against Port Reform
Spain’s trade unions plan to go on strike on February 20, 22 and 24, 2017 as a response to the government’s plan to reform the Spanish Port System, the International Transport Workers’ Federation (ITF) informed. Namely, as a consequence of the recently announced reform plan by Inigo de la Serna, the
Maersk Supply Service loss north of $1 billion
Danish offshore shipowner Maersk Supply Service has reported a net loss of $1.1 billion for the fourth quarter of 2016 after being hit by impairment charges. The offshore vessel owner said in its financial report posted on Wednesday that the deep loss for the quarter was a result of a $1 billion imp
Chevalier Floatels’ Upgraded Duo Exceeds Expectations
On some of the projects Chevalier Floatels’ vessels DP Gazina and DP Galyna were working on, the vessels made more than 50 gangway connections to different turbines in 24 hours.
Scottish supply chain ‘set to benefit’ from new decom fund
Scottish government has launched a new £5 million ($6.2M) fund that will provide opportunities for the supply chain in the country to benefit from the decommissioning of the North Sea infrastructure. The Decommissioning Challenge Fund (DCF) will support infrastructure upgrades and innovation in salv
Sparrows Nets East Anglia ONE Contract
Sparrows Group, a provider of engineered products and services to the energy industry, has signed a contract to supply 103 cranes for installation at ScottishPower Renewables’ 714MW East Anglia ONE offshore wind farm.
Annual Spending on Transmission Systems to Reach USD 46.7Bn in 2025
Annual global spending on transmission system infrastructure for large-scale renewable energy integration is expected to grow from USD 36.7 billion in 2016 to USD 46.7 billion in 2025, according to a new report from Navigant Research.