News
Golar LNG Partners nets $250 million through bond sales
Golar LNG Partners on Wednesday said it had completed the issuance of a US$250 million senior unsecured bond in the Nordic bond market.
GasLog, GasLog Partners name new CFO
GasLog, and GasLog Partners, named Alastair Maxwell as CFO, following Simon Crowe’s decision to step down from the position earlier in January.
Subsea 7 Expands Fleet with Two Newbuild Vessels
Subsea 7, a provider of seabed-to-surface engineering, construction and services, has taken delivery of two newbuild vessels, Seven Arctic and Seven Kestrel. With this delivery, Subsea 7 has completed its fleet investment programme that has added six newbuild vessels to the company’s fleet since 201
Subsea 7 completes fleet expansion. Takes delivery of two newbuilds
Subsea 7 has taken delivery of Seven Arctic and Seven Kestrel offshore vessels, completing its fleet investment program that has added six new-build vessels to the Subsea 7 fleet since 2014. Seven Arctic is a heavy construction flex-lay vessel designed to meet the demands of deep water and harsh env
UK Eyes Five Protection Areas for Harbour Porpoises
UK is looking to protect harbour porpoises by setting up five marine conservation areas in its surrounding waters. According to a statement on Tuesday by the Joint Nature Conservation Committee (JNCC), an adviser to the UK government on nature conservation, five harbour porpoise Special Areas of Con
Oil prices stabilise as Russia joins OPEC in production cut
By Henning Gloystein SINGAPORE (Reuters) – Oil steadied on Wednesday as Russia joined OPEC in cutting production to try to balance the market, although plentiful supply in places such as the United States dragged on prices. Brent crude futures <LCOc1>, the international benchmark for oil prices, wer
European Parliament Supports Arctic HFO Ban
The Members of the European Parliament (MEPs) have voted to call for a ban on the use of heavy fuel oil (HFO), the dirtiest of all fuel types, by ships when operating in the Arctic. The decision by the European Parliament’s environment committee, which was backed by almost all of the political group
Alphaliner: A Hundred More Panamaxes Need to Be Scrapped
Despite a massive scrapping spree of classic Panamax containerships, the sector remains under pressure as up to one hundred further Panamaxes will need to be scrapped before the segment can regain its footing again, according to Alphaliner. A total of 130 Panamax units of 4,000 – 5,100 TEU were remo
Nord Stream 2 Resolves Swedish Port Hurdle
Following reports that Sweden’s municipalities Karlshamn and Slite might not allow the use of their respective ports for pipe storage during the execution phase of the Nord Stream 2 project, Karlshamn has approved the use of its port. The Nord Stream 2 pipeline will carry natural gas through the Bal
Nord Stream 2 pipeline gets Swedish support after all
Following the initial rejection of the logistics support by Sweden to Wassco for the Nord Stream 2 pipeline project, things have seemingly changed. To remind, reports in 2016 said that the authorities of the Swedish Region Gotland and the municipality Karlshamn had decided not to sign an agreement f
Offshore safety body finds flaws in Statoil’s Gulfaks B ops & barrier management
Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has found several non-conformities and improvement points during an audit of Statoil’s management of operations and barriers at Gullfaks B platform in the North Sea. The Gullfaks field has been developed with three integrated facilities
Shell’s North Sea deal a vote of confidence in UKCS future, Oil & Gas UK says
Shell’s sale of a package of the UK North Sea assets to Chrysaor has been welcomed by Oil & Gas UK, a representative body of the oil and gas industry. Shell announced on Tuesday that Chrysaor would buy its interests in Beryl, Bressay, Buzzard, Elgin-Franklin, Erskine, Everest, the Greater Armada clu
Thomas Thorkildsen joins Flex LNG from Höegh
John Fredriksen-controlled Flex LNG said that Thomas Thorkildsen joined the company as senior vice president, business development.
Shell selling North Sea assets for up to $3.8 billion
Oil giant Shell has agreed to sell “a package” of UK North Sea assets to Chrysaor for a fee of up to $3.8 billion, as part of its previously announced $30 billion divestment program. The initial consideration to be paid by Chrysaor has been set at $3.0 billion, and a payment of up to $600m […