News
Aqualis Offshore to Support Siemens Globally
Siemens Wind Power has awarded Aqualis Offshore UK a global framework agreement for the provision of a range of engineering services required for wind turbine installations. Under the agreement, Aqualis Offshore will provide general engineering and design services including jack-up site specific ass
Russia’s TMK continues with Yamal LNG deliveries
Russia’s largest producer of steel pipes, TMK said it has delivered another batch of tubular products to Novatek-led US$27 billion Yamal LNG project, finalizing the delivery of shipments contracted for this year. The shipments were made under a contract the company signed with Yamal LNG in 2014. TMK
Gazprom: first TurkStream permits issued
Russian giant Gazprom informed it has been granted first permits by Turkish authorities for the TurkStream project that is set to be continued.
Ineos enters into first loan on the back of new North Sea assets
Ineos UK E&P Holdings has entered into its first, five-year, reserve-based lending facility (RBL Facility) of £220 million ($294M). Ineos said on Wednesday that the facility has been secured on attractive terms on the back of the recently-acquired assets from DEA UK and Fairfield Energy. To remind,
Sandbank Feeds First Power into German Grid
The Sandbank offshore wind farm, located in the North Sea, 90km west of German island of Sylt, has fed the first power to the German grid. The 72 wind turbines will be put into operation successively, with the entire wind farm expected to be on the network in the spring of 2017. The first wind turbi
Global Marine’s C.S. Sovereign Gets SPS Notation
Global Marine Systems has achieved Special Purpose Ships (SPS) notation for its C.S. Sovereign multi-role DPS-2 vessel. The achievement means that C.S. Sovereign can now carry up to 50 people on board over and above the working crew, such as client representatives or project specific personnel, the
Russia, Bahrain in LNG pact
Russia and Bahrain signed a number of agreements during the working visit of Bahrain’s King Hamad bin Isa Al Khalifa to Russia, including a memorandum of understanding on cooperation in the field of LNG.
Oil edges up; gains limited amid scepticism over freeze deal
By Osamu Tsukimori TOKYO (Reuters) – Oil prices erased early losses to trade higher on Wednesday partly due to a weaker dollar, but gains were limited as market participants remained sceptical producers would reach an agreement to freeze output to rein in a global supply glut. London Brent crude for
Klaipedos Nafta’s LNG terminal revenue rises in August
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal said Friday that sales revenues from the import facility edged up 1.9 percent in August.
North Sea strike talks: Wood Group, unions come up with proposal
A proposal has been prepared by the oil services company Wood Group and two UK’s unions in a bid to end a dispute over cuts in pay and allowances for offshore workers on Shell’s North Sea platforms. Following the 24-hour and 48-hour strike actions on Shell’s platforms in late July and early August,
Subsea UK Opens Nominations for 2017 Awards
Nominations have opened for the 2017 Subsea UK Awards, which seek to recognize companies and individuals who are leading the way in Britain’s £9 billion subsea sector. Entries are being sought for the best subsea company of the year (large and small), the most promising young person in the sector, t
UK: Nominations open for 11th subsea awards
Nominations have opened for the 2017 Subsea UK Awards which, in its 11th year, seek to recognize companies and individuals in UK’s £9 billion ($12 billion) subsea sector. Subsea UK said on Wednesday that awards will be divided into seven categories: Company of the Year (Large and small), Innovation
Flowline Specialists Recognized with Queen’s Award
Flowline Specialists has been presented with Queen’s Award for Enterprise in International Trade. The Oldmeldrum-based company was presented with the accolade by the Lord Lieutenant of Aberdeenshire, James Ingleby, when he visited the company’s premises. During his visit, Ingleby received a tour of
South Africa Europe Container Service to Add Rotterdam Port
In late September 2016, the port of Rotterdam will be added to South Africa Europe Container Service (SAECS), becoming the port with the shortest transit times to South Africa. The upgraded service will make Rotterdam both the first and last port of call on this route and will shorten the service’s