News
Race Bank to Get First Blades Produced in Hull
With the official opening of Siemens blade factory in Hull set to take place today, DONG Energy informed that the first blades manufactured at the factory will be used at its Race Bank offshore wind farm. Brent Cheshire, DONG Energy’s UK Country Chairman, said: “DONG Energy is absolutely committed t
EU Extends Counter-Piracy Op until 2018
On November 25, 2016, the European Council extended Operation Atalanta’s mandate to deter, disrupt and repress acts of piracy off the coast of Somalia, until December 31, 2018. The two-year mandate extension comes amidst concerns within European Union Member States that whilst pirate attacks on merc
Toxic Fumes Kill Three on RoPax in Italy
Three people were killed and another was seriously injured by toxic fumes during maintenance works on board the roll-on/roll-off passenger (RoPax) ship Sansovino which was moored at the Port of Messina, Italy, on November 29, 2016. Six men were cleaning a tank on board the 1989-built vessel owned by
Golar LNG shrinks loss, says shipping market improving
Bermuda-based LNG shipper, Golar LNG on Wednesday reported a third-quarter operating loss of $28.3 million, as compared to a loss of $37.2 million in the quarter before. Golar LNG said that both shipping rates and utilization improved during the quarter with utilization increasing from 31 percent in
OPEC agrees first output cut since 2008, details unclear
By Ahmad Ghaddar, Alex Lawler and Rania El Gamal VIENNA (Reuters) – OPEC has agreed its first limit on oil output since 2008, an OPEC source told Reuters after Saudi Arabia said it was prepared to accept “a big hit” on production and agree to arch-rival Iran freezing output at pre-sanctions levels.
Reuters: OPEC reaches deal to cut oil production
OPEC has reportedly reached an agreement on oil production cut during its meeting in Vienna on Wednesday. While there is no official confirmation as of yet, Reuters has informed, citing unnamed source that OPEC members have agreed to implement the output cuts they’d agreed on in Algiers in September
Golar LNG Partners posts higher net profit in Q3
Golar LNG Partners, a limited partnership formed by Golar LNG, said its net income rose 71 percent in the third quarter as compared to the same period in the year before.
Norway reviewing safety in oil and gas operations
The Norwegian government has set up a work group which will review its oil and gas industry’s safety situation. Despite being perceived as a country with one of the most stringest oil industry safety standards in the world, the government is calling for a review following several recent incidents of
BiFab Starts Working on Beatrice Foundations
BiFab’s Arnish facility began work on the transition pieces and piles for the Beatrice offshore wind farm in mid-October, increasing the workforce at the site by 71 people, according to SSE. Burntisland Fabrications (BiFab), a Fife based company with facilities at Burntisland, Methil and Arnish, won
BiFab Starts Working on Beatrice Foundations
BiFab’s Arnish facility began work on the transition pieces and piles for the Beatrice offshore wind farm in mid-October, increasing the workforce at the site by 71 people, according to SSE. Burntisland Fabrications (BiFab), a Fife based company with facilities at Burntisland, Methil and Arnish, won
Cosco delivers third module carrier vessel to BigRoll
China’s Cosco Dalian Shipyard has delivered the third module carrier (MC) vessel, the BigRoll Baffin, to Dutch heavy marine transportation provider BigRoll Shipping. Cosco said on Wednesday that all documents between the parties regarding the delivery of the MC vessel were recently signed and that t
Farstad sees no offshore activity improvement any time soon
Farstad Shipping, a Norwegian offshore vessel supplier, does not expect to see an improvement of conditions in the depressed offshore vessel chartering market. Working on its debt restructuring for months now, Farstad on Tuesday said the previously expected trend change in the oil-price development
SgurrEnergy Opens SgurrControlCentre in Glasgow
Scotland’s Minister for Business, Innovation and Energy, Paul Wheelhouse, yesterday unveiled a plaque at SgurrControlCentre, SgurrEnergy’s newly upgraded control centre in Glasgow, a technical support hub from which the company will carry out asset management for renewable energy projects. The Sgurr
Jersey Oil & Gas raises cash for North Sea well
Jersey Oil & Gas, a UK oil and gas company, has conditionally raised, in the aggregate, approximately £1.6 million (before expenses) through a placing of shares. The company said that following investor interest which exceeded demand allowing the issue to be increased as well as a scaling back exerc