News
Hyperdynamics not giving up on Fatala. Seeks more time, as SAPETRO bows out
Offshore exploration company Hyperdynamics which recently failed to strike oil at its Fatala-1 well offshore Guinea, believes there’s still value to be found below the country’s seabed. The company on Thursday said it notified the government of the Republic of Guinea that it would be seeking a two-y
Chart completes $410m acquisition of heat exchangers specialist
US-based LNG equipment provider Chart Industries completed the previously announced acquisition of the heat transfer solutions company, Hudson Products, for $410 million. Hadson was majority-owned by funds managed by Riverstone Holdings. Hudson’s brands and products are used in refining, petrochemic
SeaIntel: Cascading of Larger Ships Hurting Asia-ECSA Rates
Cascading of larger ships into the Asia-East Coast of South America (ECSA) trade lane has seen spot rates drop from 3,800 USD/TEU to 2,200 USD/TEU in just 11 weeks, data from SeaIntel shows. As indicated, in April 2017, the weekly capacity on the trade lane reached a low point at 23,500 TEU offered
Two Arrested from Oil-Spill Cleanup Ship in Greece
The captain and 1st engineer of a vessel involved in oil-spill cleanup efforts in Greece have been arrested on fuel smuggling charges, Greek Merchant Ministry said. Namely, the Lassea vessel has been contracted to help clean the oil that spilled following the sinking of the oil tanker Agia Zoni II o
Novatek to fire up Yamal LNG’s train one in November
Russia’s largest independent natural gas producer, Novatek, is set to start up the first liquefaction train at its Yamal LNG project in November.
Offshore Energy Exhibition and Conference welcomes back Iran pavilion
Iran, the country offering 17 per cent of the world’s total oil reserves and 40 per cent of the world’s gas resources, is still a hot topic within the offshore energy industry. Furthermore, Iran holds the largest hydrocarbon reservoirs in the world and 9.3 per cent of the world’s total gas reserves,
Manor Renewables Energy Sets Up Galloper Base at OrbisEnergy
Manor Renewables Energy (MRE) has taken workspace at OrbisEnergy, Lowestoft, Suffolk, as their headquarters for operations at the Galloper offshore wind farm.
Golar LNG gets new CEO
Bermuda-based Golar LNG on Thursday said the Iain Ross has been named as the company’s new CEO, replacing Oscar Spieler.
Wilhelmsen increases stake in NorSea Group
Global maritime industry group Wilhelmsen has increased its shareholding in Norwegian service provider to the oil and gas industry NorSea Group from 40 percent to around 72 percent. As a result of the transaction, Eidesvik Eiendomsinvest AS and Simon Møkster Eiendom AS will hold approximately 12 per
Australia’s Jackson, Botany Ports Faced with Industrial Action
Members of the Maritime Union of Australia (MUA) working onboard pilot cutters operated by the Port Authority of New South Wales from Port Jackson and Port Botany have announced a 24-hour work stoppage for next week. The industrial action is scheduled to take place on Tuesday, September 26, starting
US Navy Ships to Become Less Stealthy in High Traffic Areas after Deadly Collisions
Following the fatal collisions between US Navy ships and merchant vessels and the loss of 17 sailors since the beginning of this year, the Navy’s ships will become more visible in high traffic areas so as to avoid such incidents occurring in the future. Chief of Naval Operations Adm. John Richardson
Fluxys Belgium H1 profit up as small-scale LNG business grows
Fluxys Belgium, the operator of the Zeebrugge LNG terminal, on Wednesday said its net profit rose in the first six months of 2017 as the small-scale LNG business keeps rising.
Statoil hires Aker Solutions to boost Troll output
Norway’s Aker Solutions won a contract from Statoil for front end engineering and design of a module that will increase production at the Troll gas field in the North Sea, offshore Norway. The order includes an option for engineering, procurement, construction and installation of the module, which w
Santos non-executive director resigns
Australia’s Santos, the operator of the GLNG project on Curtis Island, said on Thursday that non-executive director Roy Franklin will retire from the company’s board. The retirement is effective September 30, 2017. Franklin has recently been appointed as Chairman of Premier Oil in the United Kingdom