News
Jumbo, BBC Chartering in strategic alliance
Jumbo and BBC Chartering, two marine heavy lift and transportation specialists, have agreed to an exclusive strategic co-operation; the “GLOBAL PROJECT ALLIANCE.” According to a joint statement, by joining forces this alliance offers “unrivalled project logistics solutions to EPC’s and project compa
Tanker Owners Get a Breather as Scrapping Ramps Up in Q3
The third quarter of 2017 saw the highest level of total tanker deadweight tons (DWT) sold for scrap in any quarter since 2010. Some 4.98 million DWT or 2.69 million gross tonnes were sent for demolition during the quarter, according to the data compiled by VesselsValue. This equals to 40 tankers be
PHOTO: Norse god of the sea seen at daybreak in Schiedam
Navingo’s Siwart Mackintosh has sent us this beautiful image of the deepwater construction vessel Aegir, taken on the break of dawn on Monday in Schiedam, the Netherlands. Offshore Energy Today reported earlier this month that HMC was waiting for the Aegir to dock for maintenance at Huisman Schiedam
Venture Global LNG brings in cash for liquefaction projects
Venture Global LNG garnered $108.6 million in a private placement bringing the company’s aggregate funding total to $470 million.
Wood Group working on world’s first offshore LNG platform
Wood Group has secured a $12 million front-end engineering design (FEED) contract with Honghua for its liquefied natural gas (LNG) platform development in the West Delta area of the Gulf of Mexico. The main objective of the FEED is to finalize the design of the world’s first offshore platform-based
Room for improvement found on Statoil’s Veslefrikk B
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has found an improvement point during an audit of Statoil’s Veslefrikk B platform, offshore Norway. The PSA said on Tuesday that it carried out an audit of waves on deck at the Veslefrikk B platform in the North Sea on August 31,
Emerson adds to its oil & gas software toolbox with Paradigm buy
U.S.-based tech & engineering company Emerson has agreed to acquire Paradigm, a provider of software solutions for the oil and gas industry, for a purchase price of $510 million, reflecting a multiple of 13 times expected 2017 EBITDA. Paradigm, joined with Emerson’s existing Roxar software business,
Report: Arrest Warrants Requested After Explosion at STX Yard in August
Arrest warrants have been demanded for five people related to the explosion at the South Korean STX Offshore & Shipbuilding yard earlier this year, Yonhap News Agency reported. The explosion, which occurred on an oil tanker under construction in Changwon on August 20, resulted in deaths of four work
African Petroleum eyes second renewal period for Senegalese acreage
African Petroleum, an independent oil and gas company, is looking to enter the second renewal period at the Senegal Offshore Sud Profond (SOSP) production sharing contract (PSC). AP, which holds 90% interest in the SOSP, entered into the first renewal period for the PSC in December 2014 and this ter
BigRoll to carry on as part of Roll Group
BigRoll, a joint venture company between BigLift Shipping and Rolldock Shipping, will continue operating as part of Roll Group after the cooperation between the two members officially ends next year. The two companies announced the formation of the joint company back in May 2013 with a focus on the
Marine Energy Event: ‘Marine energy is not a niche market’
Marine Energy Event, held on October 11, 2017, as part of Offshore Energy Exhibition & Conference (OEEC) 2017 in Amsterdam, gathered a great number of industry experts who discussed the latest in marine energy with a focus on conditions for commercial success which was also the topic of this year’s
Tanker Fired Upon by Libyan Coast Guard Reaches Malta
The Comoros-flagged oil products tanker Goeast, which had been fired upon by the Libyan Coast Guard and had been reportedly sunk, has re-appeared on the radar. Namely, the damaged tanker managed to reach Maltese anchorage, according to its latest AIS data on Marine Traffic. The ship’s status shows t
India’s minister Pradhan in Japan on LNG talks
India’s minister of petroleum & natural gas, Dharmendra Pradhan is set to discuss LNG cooperation with Japan during his visit over the coming days.
Marine Energy Event: “Marine Energy Is Not a Niche Market”
Marine Energy Event, held on October 11, 2017, as part of Offshore Energy Exhibition & Conference (OEEC) 2017 in Amsterdam, gathered a great number of industry experts who discussed the latest in marine energy with a focus on conditions for commercial success which was also the topic of this year’s