News
Gibraltar Port Authority becomes member of SGMF
Gibraltar Port Authority has joined the Society for Gas as a Marine Fuel, said Fabian Picardo, the chief minister of the British overseas territory located on the southern end of the Iberian Peninsula, next to Spain.
Indian Subcontinent Remains Shipbreaking Hub
A total of 51 vessels were sold for demolition during October 2016, with the majority of them destined for the Indian subcontinent, VesselsValue data shows. India was the favorite destination for demolition sales, with Bangladesh as the second country where most of the ships were delivered. Bulkers,
MCS SWATH 1 Outperforms Other CTVs Working on OWF
Maritime Craft Services reported that the latest addition to its fleet, MCS SWATH 1, has outperformed all other crew transfer vessels (CTVs) at the wind farm they are working on, which the company left unnamed. According to the vessel’s AIS, MCS SWATH 1 is currently deployed at the Gode Wind offshor
Oil prices rise as markets recover from Trump shock
By Christopher Johnson LONDON (Reuters) – Oil prices reversed early losses to push higher on Thursday as markets recovered from their initial shock at U.S. President-elect Donald Trump’s surprise victory, although traders said that crude fundamentals remained weak. Trump’s election initially stunned
Engie posts lower revenue
French utility and LNG player Engie on Thursday said its nine-month revenues dropped 11.1% year-on-year to 47.5 billion euros. Engie attributed the drop mainly to lower commodity prices which impacted exploration and production, retail businesses, gas and LNG activities and power generation business
Mammoet delivers last Yamal LNG Train 1 module to foundation
Schiedam-based Mammoet said the longest module for the Yamal LNG liquefaction project has been set on its foundation at the begining of the month.
Ophir, OneLNG to form Fortuna FLNG joint operating company
Ophir Energy and OneLNG, a joint venture between Golar LNG and Schlumberger, signed a shareholders agreement to establish a joint operating company to develop the Fortuna FLNG project off Equatorial Guinea.
Fluxys tests 2nd Zeebrugge LNG jetty
Belgium’s Fluxys has conducted first operational tests as part of the commissioning process of the second LNG jetty at its terminal in the outer port of Zeebrugge. The operational tests were “successful,” Fluxys said on Tuesday through its social media channels. They were performed with the Dutch-fl
BSH Lists Offshore Wind Projects Proposed for Germany
German Maritime and Hydrography Agency (BSH) has published a list of proposed offshore wind projects in the North Sea and Baltic Sea, excluding projects which are in operation, in trial operation or under construction. The basis for the publication of the list is the national offshore wind energy ac
Flogas, Stolt-Nielsen plan small-scale LNG project in Scotland
Flogas Britain, distributor of liquefied natural gas in the UK, and Stolt-Nielsen LNG launched a joint project to explore bringing LNG to areas of Scotland not served by the existing natural-gas grid.
Klaipedos Nafta’s LNG terminal revenue flat in October
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal on Tuesday said the revenue from the import facility remained flat in October.
Oil stumbles as Trump stuns markets with White House win
By Henning Gloystein SINGAPORE (Reuters) – Oil prices tumbled on Wednesday as Donald Trump stunned the world by winning the U.S. presidential election, throwing global markets into turmoil in a result reminiscent of June’s Brexit vote. Crude futures markets roared into action, with trading accelerat
Siccar Point sees OMV UK’s North Sea portfolio as ‘strategic fit’
Following an announcement on Tuesday regarding the sale of the wholly owned UK subsidiary by the Austrian oil and gas company OMV, the buyer Siccar Point Energy on Wednesday confirmed the $1 billion worth acquisition stating that OMV UK is a “strategic fit” for Siccar Point. Aberdeen-based Siccar Po
UK Detains Five Foreign Flagged Vessels in October 2016
UK’s Maritime and Coastguard Agency (MCA) has revealed that five new vessels were detained in the country’s ports during October 2016 after failing Port State Control (PSC) inspection. Four vessels remained detained from previous months, making a total of nine foreign flagged ships which were under