News
Drewry: All Is Not Quiet in the East Med
A recent spike in Asia to Mediterranean spot rates shouldn’t be mistaken as a sign of permanent recovery of big markets in the Mediterranean as weakness in the East Med region and the spectre of big ships entering the trade will temper carriers’ prospects in 2017, according to analysts at Drewry. Th
TechnipFMC starts operations
TechnipFMC said on Tuesday it has started operating as a unified, combined company following completion of the merger of French LNG-engineer Technip and Houston-based FMC Technologies. The merger creates a “global leader in oil and gas projects, technologies, systems, and services that will enhance
GasLog, GasLog Partners CFO leaves
GasLog and GasLog Partners said that Simon Crowe informed the boards of both companies of his decision to step down as Chief Financial Officer on June 30, 2017.
Norway’s oil output rises for the third year in a row
Norway’s oil production increased for the third consecutive year in 2016, according to a report by the Norwegian Petroleum Directorate (NPD). The directorate informed on Tuesday that preliminary production figures for December 2016 show an average daily production of 2 094 000 barrels of oil, NGL an
GRTgaz to acquire Elengy
GRTgaz signed a preliminary memorandum of understanding with Engie and Société d’Infrastructures Gazières to acquire 100 percent share in the LNG terminal operator Elengy.
Subsea 7 makes takeover offer for Seaway Heavy Lifting
Subsea 7 has made an offer to acquire the remaining 50 percent shareholding in Seaway Heavy Lifting from K&S Baltic Offshore. The terms of the offer are binding on Subsea 7 until July 1, 2017. During this period the Works Council representing the employees of Seaway Heavy Lifting in the Netherlands
Statoil hires six anchor handlers for rig moves in Norway
Norwegian oil giant Statoil has this week hired six large anchor handlers for two Odfjell Drilling rig moves and one Saipem rig prelay. According to Westshore, a Norwegian shipbroking agency, Statoil has chartered Havila Shipping’s Havila Jupiter, Solstad’s REM Gamblers, Olympic’s Olympic Zeus, Fars
Fuel Oil Spills at Izmit Bay, Traffic Halted
Harbour Master at Izmit Bay, Turkey, has halted all inward and outward traffic due to a fuel oil spill located in the sea, GAC informed. The source of the spill is a leak at one of the shore tanks at Poliport Terminal, GAC said. According to GAC, a significant amount of fuel oil spilled into [&helli
Port of Dunkirk Sets Box Volume Record
French Port of Dunkirk posted a new record in annual container volumes, handling 341,041 TEU in 2016, an increase of 7 percent compared to the previous year. The rise is primarily attributed to “the support of leading regional shippers and the shipping company CMA CGM.” Full containers alone rose by
CHC Helicopter to shut down Norwegian base
Offshore helicopter transportation services provider CHC Helicopter is closing down its base in Bergen, Norway, after losing a contract with the Norwegian oil company Statoil. Bergens Tidende, a Norwegian news provider focusing on Bergen area, reported that the company will close down its base in Be
GRTgaz: lack of LNG cargoes to Fos Cavaou terminal creates supply bottlenecks
French natural gas transmission network operator, GRTgaz on Friday said that low deliveries of LNG to the Fos Cavaou terminal in Fos-sur-Mer have created supply bottlenecks in the South-East.
Novatek’s gas production declines
Novatek, the developer of the giant Yamal LNG project in Russia, reported on Friday a decrease of 2.7% in its gas production for the full year of 2016. Russia’s second-biggest gas producer said in its preliminary report that it produced 66.1 billion cubic meters (bcm) in 2016, down by 1.81 bcm as co
Sea Mine Found at Gode Wind 2 Goes Kaboom
The sea mine which was found floating near the Gode Wind 2 wind farm site on 10 January was successfully blown up at 17:20 the next day, Germany’s Central Command for Maritime Emergencies (Havariekommando) reported. According to experts, the mine was a German “Ankertaumine” from the Second World War
Regulator finds room for improvement on Gullfaks subsea compression
Norway’s safety watchdog, the Petroleum Safety Authority (PSA), has found improvement points during an audit of Statoil’s subsea compression project on Gullfaks in the Norwegian North Sea. PSA said on Friday that the improvement points were found relating to remits, authorities, and division of resp