News
DONG Energy changes name as it exits oil and gas business
Danish energy company DONG Energy has decided to change its name following last week’s completion of the upstream oil and gas business sale, which also marked the company’s exit from the oil and gas business overall. To remind, DONG Energy on Friday completed the divestment of its upstream oil and g
Increasing heavy lifting safety while cutting costs
The new product by Green Pin® addresses both challenges. Green Pin® recently introduced the Green Pin Power Sling® Shackle. Green Pin® claims the new shackle lets companies save up to 20% on synthetic- and wire rope costs thanks to its design (for which a patent is pending). The Power Sling® thus ad
Three oil majors ink carbon storage pact in Norway
Three oil majors, Statoil, Shell, and Total, on Monday signed a partnership agreement to mature the development of carbon storage on the Norwegian continental shelf (NCS). The project is part of the Norwegian authorities’ efforts to develop full-scale carbon capture and storage in Norway, Statoil no
DONG Energy Renames to Ørsted
The offshore wind giant DONG Energy has changed its name to Ørsted, following the sale of its upstream oil and gas business to INEOS on 29 September and the decision to shift to green energy. While the acronym DONG, which stands for Dansk Olie og Naturgas (Danish Oil and Natural Gas), went in line w
Modec’s FSO could stay in Vietnam until 2028
Japanese provider of floating oil production and storage systems Modec has secured a contract extension for the Rang Dong floating storage unit (FSO) The contract extension is with Japan Vietnam Petroleum Company Ltd. (JVPC), a subsidiary of JX Nippon Oil & Gas Exploration Corporation. Located in th
Interview with Offshore WIND Conference Speaker David Molenaar
Interview with Offshore WIND Conference Speaker David Molenaar, Country Manager Siemens Wind Power, Siemens Gamesa.
Palau Ship Registry Sees Surge in Registrations
The Palau International Ship Registry (PISR) has seen a strong increase in its fleet size as more shipowners and operators look to become part of the new registry. At the end of September 2017, the Palau flag fleet stood at 380 ships with 3,000,000 gross tonnage. The main Palau fleet now comprises 2
Flex LNG names new CFO
Oslo-listed Flex LNG, the company controlled by billionaire John Fredriksen and an emerging player in the LNG shipping business, appointed Øystein Kalleklev as chief financial officer.
USCG Medevacs Bulker Crewman off Columbia River
A 38-year-old man was medevacked from a cargo vessel 174 miles off the Columbia River entrance on September 30, 2017, the United States Coast Guard informed. Watchstanders at Sector Columbia River received a call at 2:53 p.m. from the shipping agent for the cargo vessel Tawa Arrow. The agent reporte
Okra Energy opens Peru’s first small-scale LNG plant
Okra Energy said it has installed Peru’s first small-scale liquefied natural gas (LNG) facility to support increasing energy demands of the industry in the country’s remote areas.
COPL in share placing ahead of appraisal project off Nigeria
Calgary-based oil and gas company Canadian Overseas Petroleum Limited (COPL) on Monday announced a £2.5 million share offering to cover its expenses as it works to secure funds for an appraisal project offshore Nigeria. COPL announced the offering of common shares in the capital of the company to ra
Havila, POSH JV shed another anchor handler
Norway’s shipowner Havila Shipping has sold another anchor handling tug and supply (AHTS) vessel jointly operated with POSH. Havila said it sold and delivered the AHTS vessel POSH Viking to an undisclosed buyer last Friday. The company added that the sale was carried through as a part of the financi
DONG Energy completes oil and gas business sale
DONG Energy has completed the divestment of its upstream oil and gas business to Ineos.
Bibby WaveMaster 1
As the nearshore locations for offshore windfarms grow scarcer, new developments are situated ever farther from the coast. Larger turbines, stronger winds and the absence of advocacy groups make this a solid business proposal, with the latest concession granted without subsidised energy cost. Damen