News
MacGregor axing 190 jobs in cost cutting move
MacGregor, part of Cargotec, is set to lay off 190 workers globally as part of its new cost cutting initiative. The company, providing offshore loading solutions, on Thursday announced measures to achieve annual cost savings of approximately EUR 13 million. As part of the plan, the company will spli
UPDATE: Nissum Bredning Growing Legs while Waiting for First Turbine
Over the weekend, the third jacket foundation was installed at the Nissum Bredning site in Denmark.
Gazprom inks EUR 700 million loan deal with Unicredit
Russian gas giant Gazprom has signed a 700 million euro ($812.8 million) loan agreement with Italy’s Unicredit bank. The loan signed in November has a five-year maturity, Gazprom said in a statement on Thursday. It will be used for corporate purposes, Gazprom added without revealing any additional i
China Energy to invest $83.7 bln in West Virginia’s shale gas
China Energy Investment Corporation could invest $83.7 billion in West Virginia’s shale gas and chemical manufacturing projects.
Taqa’s 3Q revenue flat
Abu Dhabi National Energy Company (Taqa) posted revenue of 4.17 billion dirhams ($1.13 billion) in the third quarter, almost flat compared to the third quarter of last year when it reported revenues of 4,19 billion dirhams ($1.14 billion.) The company’s revenue from oil and gas slightly fell to AED
Scour Protection Work Begins at Aberdeen Bay OWF
Boskalis’ fallpipe vessel (FPV) Rockpiper is carrying out scour protection works at the Aberdeen Bay Offshore Wind Farm. According to a notice to mariners, Rockpiper will be working at the project site for three weeks and was scheduled to start on 28 October.
ConocoPhillips eyes $5.5 bln CAPEX for 2018-2020 period
Houston-based energy giant and LNG player ConocoPhillips has set a plan to average annual capital expenditures of $5.5 billion, based on a price of $50 per barrel, for the 2018-2020 period.
Gallery: Southampton Hosts 20,568 TEU Maersk Newbuild
Image Courtesy: ABP Southampton ABP Southampton welcomed the 20,568 TEU newbuilding Milan Maersk on November 7, the largest containership to visit this port. In 2016, the largest container vessel calling in Southampton had a capacity for 16,000 containers. So far this year, the terminal welcomed MOL
Shell, Anthony Veder to convert Coral Methane LNG carrier to bunker vessel
The Hague-based LNG giant Shell and Dutch shipping company Anthony Veder have signed a contract to modify the liquefied natural gas carrier Coral Methane into an LNG bunker vessel.
Final Arkona Monopile Goes For a Splash
On Tuesday, 7 November, the 60th and final monopile built for the Arkona offshore wind farm was lowered into water at the port basin of EEW Special Pipe Constructions GmbH prior to being towed to the installation site some 35 kilometres northeast of the Rügen Island in the German Baltic Sea.
Container Shipping Facing Choppy Waters
The container shipping industry will have to ride out a bumpy period amid an anticipated seasonal decline in volumes spilling into the first quarter of next year and growing supply of ships. According to BIMCO, handling this will be a recurring seasonal challenge. “Bearing in mind that freight rates
Honeywell’s gas scrubber deployed on PFLNG Satu
Honeywell said its Amine Guard technology has been removing carbon dioxide from natural gas onboard Petronas’ floating LNG facility, PFLNG Satu that was commissioned in April.
Petrobras puts Nigerian deepwater assets up for sale
Brazilian oil company Petrobras is putting its deepwater offshore assets in Nigeria up for sale. In a teaser announced on Tuesday, the company said it was selling Petrobras Oil & Gas B.V., a subsidiary owning interest in two deepwater offshore blocks in Nigeria. The blocks contain the producing fiel
Body Count Rises to Four in Bilal Bal Sinking
Another body of the crew of the sunken cargo ship Bilal Bal has been recovered, bringing the total body count to four, according to the Turkish Coast Guard. The authorities are continuing their search efforts for the remaining six seafarers who were reported missing after the 2,999 dwt ship sank on