News
Photo of the Day: Svanen Docks at Harland and Wolff
After installing the final wind turbine foundation at Burbo Bank Extension wind farm in Liverpool Bay, Van Oord’s heavy lift vessel Svanen has moored at Harland and Wolff’s Commissioning Quay in Belfast. Svanen completed the foundations installation at the wind farm in July, and will now undergo rep
Maersk Oil profit down. Exploration costs slashed. Production up
Danish oil company Maersk Oil saw its second quarter 2016 net operating profit drop to $131 million, from $137 million achieved in the same period of 2015. Underlying profit was $130 million, down from $217 a year ago. However, Maersk Oil has described its result as “the return to profit in Q2”, com
Standard Drilling enters platform supply vessel market
Standard Drilling, the used-to-be drilling contractor, is moving into the offshore support vessels sector. More precisely, the company has entered the platform supply vessel market with the acquisition of 20 percent stake in PSV Opportunity I DIS for $2.4 million. PSV owns three mid-sized PSV vessel
Oil edges up on talk of possible exporter moves to prop up market
By Henning Gloystein SINGAPORE (Reuters) – Oil prices edged up on Friday, remaining near the previous day’s highs, on the prospect of talks by exporters about ways to prop up a market grappling with a supply overhang. Brent crude futures were trading at $46.12 per barrel by 0645 GMT, receding from a
UK offshore workers strike suspended for fresh talks
Industrial action by Wood Group’s offshore workers has been suspended to allow for fresh talks between the company and the unions, the RMT union has said. To remind, Wood Group’s workers on Shell’s seven North Sea platforms participated in two strike actions in a dispute over proposed cuts on pay an
Portugal to get Nigeria LNG cargo
REN’s Sines LNG terminal located on Portugal’s Atlantic coast is scheduled to receive a cargo of the chilled fuel from Nigeria’s Bonny export plant. The 148,565-cbm LNG Kano, owned by BW, is due to dock at the Sines import terminal on Friday, according to the shipping data by the port of Sines. Port
Chevalier Floatels Wraps Up Three TenneT Gigs
Chevalier Floatels informed today that it had executed three logistics contracts for TenneT this summer, after being chosen by Global Renewables Shipbrokers (GRS) on behalf of the transmission system operator (TSO) to support scheduled summer campaigns in Germany. The company’s recently upgraded ves
Van Oord Enters Home Stretch at Gemini
As of yesterday, 138 wind turbines, representing over 90% of the total wind turbines, have been erected at the 600MW Gemini offshore wind farm, with 105 of the installed turbines producing power. This was reported within Northland Power’s Q2 and H1 2016 financial results. The company owns two offsho
Van Oord Enters Home Stretch at Gemini
As of yesterday, 138 wind turbines, representing over 90% of the total wind turbines, have been erected at the 600MW Gemini offshore wind farm, with 105 of the installed turbines producing power. This was reported within Northland Power’s Q2 and H1 2016 financial results. The company owns two offsho
Elengy says its two LNG terminals back online after fire at Fos-sur-Mer
France’s Elengy, a unit of Engie, said Thursday its two LNG terminals in Fos-sur-Mer have restarted operations after a large fire ravaged land around the industrial zone located about 40km north-west of Marseille. Multiple wild fires whipped by high winds broke out near Marseille in southern France
SBM Offshore to cut more jobs
Dutch provider of floating production systems to the international offshore oil and gas industry, SBM Offshore, will lay off at least another 250 employees amid market downturn. SBM Offshore said on Wednesday that, as a result of the ongoing review of the company’s cost structure due to the continue
IEA expects global oil demand growth to wind down in 2016
Crude oil prices eased to around $45 per barrel in August as a global supply overhang weighed and demand growth weakened, the International Energy Agency (IEA) said in its newly released IEA Oil Market Report (OMR) for August. Brent crude had threatened to break below $40 per barrel at the end of Ju
ExxonMobil gains nod for well intervention at Sigyn field
Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has given consent to ExxonMobil to use the Island Frontier and Island Wellserver vessels for light well intervention at Sigyn field, offshore Norway. The Sigyn field is in production license 072 in the North Sea where ExxonMob
France: Dunkirk LNG resumes send-out tests
France’s Dunkirk LNG import terminal has restarted send-out tests following an incident late July that led to the plant being put into safe mode. Europe’s newest LNG terminal in the English Channel near Belgium, that is currently in commissioning phase, was put into safe mode on July 25, just weeks