News
Aker invests in Solstad Offshore
Norwegian offshore shipping company Solstad Offshore has developed a financing plan to strengthen its balance sheet. The company on Tuesday said that the plan was developed together with the industrial investment company Aker and with indicative support from its lending banks and bondholders. Aker w
Shell sets new strategy, updates BG synergies target
Hague-based LNG giant, Shell on Monday revealed an updated strategy as the company is battling with low oil and gas prices and following the takeover of BG Group. Shell announced an increase in expected BG deal-related synergies, from the $3.5 billion set out in the prospectus, to $4.5 billion on a
Klaipedos Nafta’s May LNG terminal revenue up
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal informed that sales revenues from the import facility reached €6 million during May 2016, 11.1 percent up on €5.4 million in the same month in 2015.
BW Group’s CFO resigns
Singapore-based BW Group on Tuesday said the group CFO Nicholas Gleeson has resigned from his position, effective June 3, 2016.
Engie names CEO of its MESCAT business unit
French LNG player Engie, on Monday said it has named Sébastien Arbola as CEO of the Middle East, South & Central Asia and Turkey (MESCAT) business unit, effective September 2016.
COSL scores seismic survey work in “Far East”
China Oilfield Services Limited, a Chinese offshore services provider also known under the abbreviated name COSL, has won another seismic acquisition contract. In a statement on Monday, COSL said it will carry out a 3D seismic survey in the “Far East”, without providing the specific location. The co
Gibson: Tanker Owners Told to Invest Wisely in New Tonnage ahead of Price Cuts
Prompted by difficulties in accessing new finance, shipyards are likely to reduce further the newbuilding prices in the tanker sector in the face of stiff competition between yards for new orders. The move is seen as the probable course of action aimed at inciting new investments especially on the b
Sarens performs heavy lift, load-out ops for two LNG projects
Belgian heavy lift specialist, Sarens, informed it has recently completed lifting and load-out operations for two liquefied natural gas projects.
HvS Dredging Support’s New Vessel Hired for Burbo Bank 2
HvS Dredging Support’s new multi-purpose DP 2 vessel ZWERVER II was mobilised for its first project last month. The vessel will work on the mattress installation and trenching on Burbo Bank Extension offshore wind farm. The vessel was built by Gebroeders Kooiman shipyard in Zwijndrecht, according to
Kentish Flats Extension Becomes Fully Fledged Offshore Wind Farm
The official inauguration of Vattenfall’s Kentish Flats Extension (KFE) offshore wind farm is being held today, with the ceremonial ribbon cut on board the MV Balmoral, 7km off Herne Bay and Whitstable. Vattenfall is ahead on the low cost energy challenge, according to Gunnar Groebler, Vattenfall’s
Kentish Flats Extension Becomes Fully Fledged Offshore Wind Farm
The official inauguration of Vattenfall’s Kentish Flats Extension (KFE) offshore wind farm is being held today, with the ceremonial ribbon cut on board the MV Balmoral, 7km off Herne Bay and Whitstable. Vattenfall is ahead on the low cost energy challenge, according to Gunnar Groebler, Vattenfall’s
Report: Novatek mulling LNG marketing tie-up with Qatargas
Novatek of Russia, the operator of the Yamal LNG project is looking to set up a joint venture with Qatargas, according to Alexander Novak, Russian energy minister.
Photo of the Day: Action at Tahkoluoto Offshore Wind Farm
Dredger Mimar Sinan and the split hopper barge Tiger have started work at the Tahkoluoto offshore wind farm site. The vessels are working on dredging and excavation for foundations and cable ditches. The underground cable and substation will be installed by the next summer, with foundations and subs
GTT opens Shanghai office
The French LNG containment specialist, GTT, on Monday said it has opened its office in China.