News
BP’s profit almost halves
UK-based energy giant and LNG player, BP reported a 49 percent drop in its third-quarter profit due to lower oil and gas prices and refining margins. The company made $933 million on an underlying replacement cost basis, compared with $1.8 billion in the same quarter the year before. The Brent oil p
Ports of Stockholm Wraps Up Cruise Season with 230 Calls
Sweden’s Ports of Stockholm welcomed 230 cruise ships carrying around 490,000 passengers during the April – October cruise season. In addition, the port said that the number of turnarounds reached a record high with 57 vessels beginning and/or ending their cruises in Stockholm. In October, the Ports
A2SEA Hired to Install 102 East Anglia ONE Turbines
From summer 2019, A2SEA will be installing 102 Siemens 7MW turbines at the East Anglia ONE offshore wind site, situated approximately 45 kilometres off the Suffolk Coast in the southern North Sea. A2SEA, which signed the turbine installation contract today, will deploy its offshore wind installation
Shell’s Q3 profit climbs 18 pct
Hague-based LNG giant Shell on Tuesday said its third-quarter profit rose 18 percent on year, boosted by the multi-billion takeover of BG Group earlier this year. Shell’s third quarter earnings on a current cost of supplies (CCS) basis were at $2.8 billion compared with $2.4 billion for the third qu
New subsea player to create new jobs after buying 32 ROVs
A recently formed subsea services business based in Aberdeen and Houston, M² Subsea Limited, has secured an injection of private equity investment to acquire a fleet of 32 remotely operated vehicles (ROVs). The company said on Tuesday that it attracted the investment from a fund advised by Alchemy S
IOG drops Cronx acquisition plans
Independent Oil and Gas (IOG) has decided not to complete the acquisition of the Cronx license located in the Southern North Sea claiming that would not be “an optimal use” of the company’s funds. IOG said on Tuesday it has received initial results from new interpretations of 3D seismic data coverin
IOG Gets Blythe Hub Seismic Data
Independent Oil and Gas (IOG) has received initial results from new interpretations of 3D seismic data covering the Blythe Hub licences in the company’s Southern North Sea portfolio. The data, which is being reinterpreted and comprises 250 km² of 3D seismic from the 1990s, has been reprocessed by Sc
JDR’s Member Joins RenewableUK Communication Advisory Group
Tom Nightingale, JDR’s strategy and marketing manager, has been selected to join RenewableUK’s newly-created Communication Advisory Group. The group is being introduced by RenewableUK to act as a better link between its working groups, policy forums and the board. It will advise RenewableUK’s board
IMO to implement sulphur cap from 2020, LNG as fuel ready
The global cap on sulphur content for marine fuels will come into effect from January 2020, following the decision by International Maritime Organization’s Marine Environmental Protection Committee.
Exmar still in Caribbean FLNG talks
Belgium’s Exmar, the Nicolas Savery-led shipowner said it is still trying to find where to deploy its Carribean FLNG unit currently being finalized at the Wison Offshore & Marine’s yard in Nantong, China. The 0.5 mtpa FLNG unit, with a 16,100-cbm storage capacity, was scheduled for delivery to Pacif
Bladt Industries: Uniform Jacket Foundation Design Would Save Money (Interview)
A standardised design of jacket foundations would greatly contribute to offshore wind cost reduction, according to Jan Kjærsgaard, CEO of Bladt Industries, a company whose foundations are supporting numerous turbines installed in European waters. With the offshore wind industry being massively focus
Klaipedos Nafta’s nine-month revenues rise
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal said its revenue for the first nine months of 2016 reached €80.3 million, 1.8 percent up on the same period in 2015.
Braveheart Expands Offshore Services, Orders New Javelin Vessel
Braveheart Shipping has contracted Javelin International to build a new vessel, called Javelin 25.25, as Braveheart is further expanding its offshore services in the area of crew tendering, hydrographic and seismological research, and survey activities. The 25.90m long vessel will be used for both s
Union agrees to Boskalis fleet reduction plan
Dutch energy and dredging services provider Royal Boskalis Westminster N.V. (Boskalis) has informed that the trade union CNV Vakmensen has agreed to the social plan related to the company’s previously announced fleet rationalization. To remind, Boskalis said in July this year it would take 24 vessel