News
ILO: MLC Changes to Protect Seafarers against Desertion
International Labour Organization (ILO) member states have confirmed the amendments to the Maritime Labour Convention ensuring better protection to seafarers and their families in case of abandonment, death, and long-term disability. The Amendments to the Code of the Maritime Labour Convention (MLC,
ALE Loads Out First Wikinger Substation Jacket
Heavy transportation and lifting contractor ALE loaded-out the first of two 3,000-tonne jackets built for the Wikinger offshore substations, in Cadiz, Spain, last week. The jacket was built by Navantia shipyard in Puerto Real for Iberdrola’s 350MW Wikinger offshore wind farm currently under construc
Gas Natural Fenosa posts lower H1 profit
Spanish LNG operator Gas Natural Fenosa reported a lower net profit of 645 million euros ($709m) in the first half of this year when compared to the same period a year ago. The company’s net profit was 6.5% less in “like-for-like terms, i.e., disregarding the effect of currency depreciation and the
Cyprus says Statoil, Exxon, ENI, Total interested in offshore gas
Cyprus received expressions of interest from ENI, Total, Statoil, Exxon Mobil, Qatar Petroleum, and Cairn in a licensing round for offshore hydrocarbon blocks which lapsed last week, its energy ministry said on Wednesday.
USD 43.8 Bn Fleet Awaiting Delivery in 2016
During the first half of 2016, some USD 28.4 billion worth of vessels have been delivered to their respective owners, while over USD 43.8 billion worth of ships is left on the orderbook to be delivered by year’s end, according to data provided by VesselsValue. So far this year, a grand total of 905
France: incident at Dunkirk LNG terminal
Send out tests at France’s fourth LNG import terminal in the port of Dunkirk (Dunkerque) have been stopped due to an incident which led to the evacuation of the terminal’s workers. “The Dunkirk LNG terminal, currently in test phase, was put into safe conditions this night, because of LNG presence in
Offshore oil workers go on strike in North Sea
Hundreds of oil workers employed by Wood Group on Shell’s platforms in the North Sea are participating in a strike action in a dispute over proposed cuts of up to 30 per cent on pay and allowances. The strike action follows a ban on overtime working that started on Monday morning. Over 400 members o
MET International completes first LNG import deal
Switzerland-based MET International, the natural gas trading arm of MET Group, said it has completed its first liquefied natural gas (LNG) import transaction. MET International has purchased a cargo into Italy on a DES basis in mid-July to cover its downstream demand, according to the company’s stat
BP’s Q2 profit down 45 pct
UK-based energy giant BP reported a 45 percent drop in its second-quarter profit due to lower oil and gas prices and refining margins. Profit for the second quarter was $720 million on an underlying replacement cost basis, compared with $1.3 billion for the second quarter of 2015, BP said in a state
GTT secures two DNV GL approvals for its training software
GTT Training, a unit of French GTT dedicated to training LNG professionals and to the development of associated simulation tools, has obtained two approvals for G-Sim training software from classification society DNVGL. This standard specifies the requirements of simulators that are to be used to de
Workers on Shell’s North Sea platforms to go ahead with strike action
Following a failure by the Wood Group to come up with any solutions in talks over pay reductions, proposed cuts and changes to working conditions on Shell’s North Sea oil and gas platforms, action scheduled to start on Tuesday morning will go ahead, UK’s RMT union said on Monday. A ban on overtime w
Golar, Schlumberger create FLNG JV
Golar LNG, one of the world’s largest owners and operators of LNG carriers, and oilfield services giant Schlumberger on Monday created OneLNG, a joint venture aiming to “rapidly develop low-cost gas reserves” to LNG.
Taking the Maritime Industry to the Next Level
Certainty is a scarce good in a continuously changing world. The speed with which new developments arise, seems to imply that knowledge is rapidly built from scratch. We seem to forget that it takes decades to build a sustainable industry. The long history and diversity of the maritime industry cont
Photo of the Day: Burbo Bank Kit Takes a Dip
DONG Energy has shared a photo showing one of the 32 foundations for the 258MW Burbo Bank Extension wind farm being being installed by Van Oord’s heavy lift vessel Svanen in the waters of Liverpool Bay. Svanen completed the foundations installation work last week, and the installation of the wind fa