News
Fred. Olsen Windcarrier’s New MD Comes from MHI Vestas
Fred. Olsen Windcarrier appointed Casper Toft as its new Managing Director this week. Toft comes from the position of Sales Director for MHI Vestas Offshore. He was working for seven years in business development, sales and marketing at Vestas Offshore. Toft was also involved in the commercial launc
Interview: New tool set to disrupt the way offshore vessels are valued
VesselsValue, a well-known website covering the shipping sector and providing values for the shipping vessels, is moving into the offshore market. Namely, the company has launched VesselsValue Offshore, covering the offshore support vessels sector. The VV Offshore database currently has almost 6.000
Prosafe mulls delivery solution for Safe Eurus flotel
Prosafe, an owner and operator of semi-submersible accommodation vessels also known as flotels, is working on a solution regarding the delivery of its newbuild flotel Safe Eurus to better fit its contractual obligations. Prosafe’s capital commitments for the year relate to yard installments, which m
Italian Court Rejects Concordia Captain’s Appeal, Confirms Sentence
An Italian appeals court has upheld a 16-year prison sentence for the former captain of the ill-fated cruise ship Costa Concordia, Francesco Schettino, according to Reuters. In late April, Schettino’s legal team and the prosecution launched appeals against the sentence ordered by an Italian court in
CWind to Showcase Its New 25m CTV in Southampton
CWind will be exhibiting the third of its aluminium catamarans, the Typhoon TOW, at Seawork this month, together with Aluminium Marine Consultants (AMC), the vessel’s manufacturer. The Typhoon TOW has started its contract off the coast of Kent since joining the fleet in mid-May. This is the third al
Scotland to press U.S. to invest in North Sea oil & gas
The Secretary of State for Scotland, David Mundell, will on Wednesday travel to Texas to build links with the U.S oil industry to help support the UK’s oil and gas sector. According to a statement by the UK government, Mundell will meet key industry figures in Houston and Dallas. The centers of the
Jonathan Cook named new Flex LNG head
Flex LNG, the company controlled by billionaire John Fredriksen, has appointed Jonathan Cook as chief executive officer.
Norway nods to Statoil for Edvard Grieg exit
The Norwegian Ministry of Petroleum and Energy has given its approval to the Swedish independent oil company Lundin Petroleum and Norwegian oil giant Statoil for the Edvard Grieg field transaction. Earlier this year, Statoil and Lundin entered into an agreement whereby Statoil would divest its entir
Lithuania eyeing investment in Iranian LNG projects
Lithuania has shown interest in taking part in Iranian LNG projects, according to Amir Hossein Zamaninia, deputy petroleum minister in international affairs and trading.
Golar LNG Partners posts lower net income in Q1
Golar LNG Partners, the owner and operator of FSRUs and LNG carriers posted a lower net income in the first quarter of this year. The Partnership formed in 2007 as a wholly owned subsidiary of Golar LNG reported net income of $16.8 million and operating income of $56.1 million for the first quarter,
Despite lay-ups, PSV market still oversupplied, Island Offshore says
Island Offshore, a provider of offshore vessels for the oil and gas industry, has said that despite vessel lay-ups the platform supply vessel market is still oversupplied. The company has 29 vessels in operation within the vessel segments PSV, AHTS, Well Stimulation (WS), Subsea Construction (SCV) a
Golar posts $80 million loss in Q1, says LNG shipping market remains weak
Bermuda-based Golar LNG, the owner and operator of LNG carriers on Tuesday posted a loss of $80.1 million in its first quarter of this year.
SgurrEnergy to Supervise Beatrice Construction
SgurrEnergy has been awarded a three-year construction monitoring contract for the 588MW Beatrice offshore wind farm. The construction monitoring appointment follows a one-year role as lenders’ technical advisor for Beatrice Offshore Wind Farm Limited and participating lenders, in which SgurrEnergy
Hibiscus returns to profit thanks to Anasuria buy from Shell
Malaysia’s independent exploration and production company Hibiscus Petroleum returned to profit for the financial period ended March 31, 2016 due to completion of acquisition of Shell’s Anasuria cluster in the UK North Sea. To remind, in August 2015, Shell reached an agreement to sell a batch of its