News
Boa to get money back for scrapped vessel deal
Norwegian shipowner Boa IMR has been successful in its arbitration against the compatriot shipyard group, Noryards Fosen, related to cancellation of a vessel construction order back in 2015. In an Oslo Stock Exchange filing on Friday, Boa IMR, a subsidiary of the Norwegian offshore services provider
Update: 12 Fishermen Killed in Tanker-Fishing Vessel Collision off Japan
Bodies of 12 missing crew members have been found inside the Chinese fishing boat Lurong Yuanyu 378 that sank on Thursday, October 5 following a collision with a Hong Kong-flagged tanker, the AFP reported citing the Japanese Coast Guard. The Japanese Coast Guard said on Thursday the collision occurr
OEEC: Saitec’s Disruptive Approach to Offshore Wind Turbines
With just a few days to go before the annual Offshore Energy Exhibition and Conference kicks off with a bang – or rather with a gala dinner – we are now presenting you Saitec Offshore, one of 11 companies to present at the event’s brand new start-up zone.
OEEC: Saitec’s disruptive approach to offshore wind turbines
With just a few days to go before the annual Offshore Energy Exhibition and Conference kicks off with a bang – or rather with a gala dinner – we are now presenting you Saitec Offshore, one of 11 companies to present at the event’s brand new start-up zone. Saitec Offshore, a spin-off from SAITEC Engi
Nigerian court decides in favor of NLNG in NIMASA dispute
The Federal High Court sitting in Lagos delivered judgment in favor of Nigeria LNG in the case between the company and Nigerian Maritime Administration and Safety Agency (NIMASA) over the applicability of NIMASA levies.
Asian spot LNG prices rise to $8.50/mmBtu
Prices for liquefied natural gas (LNG) in Asia have increased to their highest since January this year, boosted by peak-demand winter heating season. Spot prices for Asian LNG rose 10 cents to $8.50 per million British thermal units (mmBtu) this week, Reuters reported on Friday. Climbing Chinese dem
Gulf of Mexico operators curb output ahead of Storm Nate
Offshore oil and gas operators in the U.S. Gulf of Mexico are evacuating platforms and rigs and shutting-in production in preparation for Tropical Storm Nate. According to a Thursday report by the U.S. Bureau of Safety and Environmental Enforcement (BSEE), based on data from offshore operator report
LNG Limited halts efforts to redomicile to USA
Liquefied Natural Gas Limited has put a halt on all activity related to the redomicile of the company to the United States in order to focus on current business.
Trio show intent to develop Gulf Coast express pipeline
Kinder Morgan Texas Pipeline, a Kinder Morgan unit, DCP Midstream and a Targa Resources affiliate signed a letter of intent to develop the proposed Gulf Coast Express pipeline.
SBSEK Makes FID for Nautilus Tidal Project
Indonesia’s SBS Energi Kelautan (SBSEK) has made final investment decision (FID) for the Nautilus tidal stream project, and is accelerating development engineering activities for Phase I of the project. Nautilus tidal project will provide reliable, zero-emission electrical power to State-owned electr
NSRI Sets Up Funding Event to Boost Subsea Companies
Developing Subsea firms could discover how they can overcome common financial challenges through industry supported and government-backed initiatives at an event in Aberdeen on October 26, 2017. The workshop will explore the wide range of tools and resources available to SMEs, technology developers
Ensco, Atwood shareholders approve all-stock merger
Shareholders of offshore drillers Ensco and Atwood Oceanics have approved the previously proposed merger of the two companies. Ensco on Thursday said 65 percent of its shareholders had voted in favor of the allotment and issuance of Ensco Class A ordinary shares to shareholders of Atwood Oceanics, I
Petrobras gets local content waiver for Libra hull
Brazil’s state-owned oil giant Petrobras has been given permission not to use a local yard for the construction of a platform hull to be used for the development of the Libra Pilot project in the Santos Basin offshore Brazil. Petrobras informed on Thursday that, as the operator of the Libra Consorti
12 Missing after Tanker Collides with Fishing Vessel
A Hong Kong-flagged tanker identified as Brightoil Lucky has been involved in a collision earlier today with a Chinese fishing vessel Lurong Yuanyu 378 off Oki Islands in the Sea of Japan, Agence France-Presse reports citing the Japanese Coast Guard. A search and rescue operation has been launched f