News
MeyGen project components readying for installation (photos)
Another Andritz 1.5MW tidal turbine has left the factory, with foundation stabs and a massive cable management system currently being mobilised for the MeyGen project, according to Atlantis Resources’ social media pages.
Oil prices fall as Saudi Arabia dampens prospects of output freeze
Oil prices fell on Friday after the Saudi energy minister tempered expectations of strong market intervention by producers during talks next month, and as analysts pointed to an ongoing supply overhang that was weighing on markets.
Europe to benefit from U.S. LNG exports, says API executive
Europe’s attempts to diversify its sources of natural gas in order to ensure its energy security could be boosted by importing U.S. LNG, Marty Durbin, executive director for market development at American Petroleum Institute, said.
Sembcorp Marine completes LMG Marin acquisition
Sembcorp Marine on Friday said it’s unit Sembcorp Marine Integrated Yard (SMIY) completed the acquisition of 100 percent equity stake in LMG Marin of Norway.
Bosphorus Strait to Close during Bridge Opening
Vessel traffic in the Bosphorus Strait is scheduled to close tomorrow due to the opening of the Yavuz Sultan Selim Bridge, initially named the Third Bosphorus Bridge, according to data provided by Wilhelmsen Ship Agency. The closure in the shipping lane, which connects the Mediterranean with the Bla
Sovcomflot’s profit drops in H1
Russia’s largest shipping company Sovcomflot reported a net income of US$165.9 million for the first-half of 2016, a 23.3 percent drop compared to $216.3 million in the first six months of 2015.
Chevron: ITF’s tax evasion allegations incorrect
U.S. oil giant Chevron has hit back at London-based International Transport Workers Federation (ITF) which accused Chevron of using secretive corporate structures and aggressive tax evasion schemes to reduce its tax in the UK. In a statement sent to Offshore Energy Today, Chevron said this: “Chevron
Tough market pushes O&G workers from rigs to classrooms
Aberdeenshire and Aberdeen City Councils have adopted a new innovative approach to teacher recruitment as a group of former oil and gas workers begin their inductions to become secondary school teachers. Aberdeenshire Council said on Wednesday that the new Transition into Education Scheme (TIES) is
Renewables expert joins NOF Energy’s board
NOF Energy, the energy industry business development organisation, has appointed Dr Alan Lowdon, a specialist in renewable energy, to its board.
ITF accuses North Sea oil majors of secretive tax evasion schemes
London-based International Transport Workers Federation (ITF) has released a report showing alleged secretive corporate structures and aggressive tax evasion schemes used by Chevron and other major North Sea oil producers. ITF, a global union federation representing around 700 unions and more than 4
Höegh LNG’s second-quarter profit slides
Oslo-based Höegh LNG reported a second quarter profit after tax of US$3.5 million, down from $6.3 million in the first quarter 2016.
Volumes Surge at Ports of Stockholm
Sweden’s Ports of Stockholm saw an increase in both container cargo volumes as well as RoRo volumes in the first seven months of 2016, compared to the same period last year. The largest increase in RoRo freight was seen at the Port of Nynäshamn, where figures were up 20 percent. In the period betwee
Borssele – The How and the Why
Very soon, postmen will be carrying the 2016 summer edition of the Offshore WIND Magazine in their bags. This is the same edition that will be distributed at the WindEnergy Hamburg exhibition next month. But that is not the only thing that makes this edition interesting. DONG Energy broke the patter
Sevan continues FLNG study as loss deepens
Norway’s Sevan Marine started working on the follow-up study for a specific FLNG field development with a U.S. oil major during the second quarter.