News
Ice Traps Four-Vessel Convoy off Chukotka
A convoy of four vessels, two bulk carriers and two icebreakers, is trapped by ice off the coast of Chukotka Peninsula, according to Russian Emergencies Ministry’s Directorate for the Chukotka Autonomous Area. The two bulk carriers, Johann Mahmastal and Sinegorsk, operated by Rosmorport, arrived in
UK Detains One Foreign Flagged Vessel in December
Maritime and Coastguard Agency (MCA) has informed that one new vessel was detained in a UK port during December 2016 after failing Port State Control (PSC) inspection. Leo Trio, a 2,300 dwt singledecker, was detained on December 2 at Ipswich, with seven grounds for detention. The 1995-built ship is
Big Oil back on the acquisition trail as outlook brightens
By Ron Bousso LONDON (Reuters) – The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have ann
Hoegh LNG eyes bonds issuance
Norway-based floating LNG giant Höegh LNG intends to issue senior unsecured bonds in the Norwegian market with maturity in February 2022. The net proceeds from the contemplated bond issue would be used for the part refinancing of the previous bond issue with ticker HLNG01 and general corporate purpo
Lundin to boost capex in 2017
Swedish oil company Lundin Petroleum plans for its 2017 development, appraisal and exploration budget of $1.3 billion, an increase compared to $1.08 billion in 2016, to focus on Norway. As at December 31, 2016, Lundin’s proved plus probable working interest reserves are 743.5 million barrels of oil
UKOG extends license off Isle of Wight
UK’s Oil and Gas Authority has extended UK Oil & Gas Investments’ (UKOG) P1916 license offshore Isle of Wight in the Wessex-Weald Basin. UKOG said on Thursday that it was granted a one-year extension to the initial term of the company’s offshore P1916 license to January 31, 2018. The license had alr
Update: OSB Sends Off First Batch of Walney Extension TPs
First six transition pieces (TPs) for the Walney Extension offshore wind farm were loaded onto a barge and sent off from Teesside, where Offshore Structures (Britain) is based, the company’s spokesperson confirmed to Offshore WIND. The company, a joint venture between EEW SPC and Bladt Industries, w
CHC Helicopter Supporting Veja Mate Turbine Installation
Siemens has awarded CHC Group with a contract for helicopter services in support of the work at the Veja Mate offshore wind farm in the German part of the North Sea, which is currently in the turbine installation phase.
CHC Helicopter Supporting Veja Mate Turbine Installation
Siemens has awarded CHC Group with a contract for helicopter services in support of the work at the Veja Mate offshore wind farm in the German part of the North Sea, which is currently in the turbine installation phase.
Brave Tern Arrives at Wikinger OWF Site
Fred .Olsen Windcarrier’s jack-up vessel Brave Tern has arrived at the Wikinger construction site after sailing out last night, a spokesman from Iberdrola told Offshore WIND.
Siem scraps another PSV order
Shipping company Siem Offshore has canceled another order for a platform supply vessel (PSV) made in Poland. The company ordered four dual fueled PSVs of VS 4411 DF design from Poland’s Remontowa Shipbuilding over three years ago, in December 2013. This type of platform supplier has an overall lengt
Bulker Halts Traffic in Elbe River
A Capesize bulk carrier blocked vessel traffic in the Elbe River, Germany, after it suffered an engine damage in the morning hours of January 17, 2017, Waterways and Shipping Office Hamburg (Wasserstraßen- und Schifffahrtsamt) informed. The 180,100 dwt Cape Leonidas restricted the traffic to and fro
Port of Gothenburg sees increase in LNG-fueled ship traffic in 2016
The number of ships receiving an environmental discount on port charges at the Port of Gothenburg increased 83 percent in 2016 compared to the previous year.
Update: Vessel Traffic Partially Resumes at Izmit Bay
Vessel traffic has resumed at Izmit Bay in Turkey for some terminals only and other areas remain restricted, following a stoppage due to the fuel oil spill on January 13, 2017, GAC said. As previously informed, the source of the spill was a leak at one of the shore tanks at Poliport Terminal. “Due t