News
LNG Shipping Sector: The Worst Is Over
After very challenging times in the liquefied natural gas (LNG) shipping sector driven by vessel deliveries ahead of projects coming on stream, the worst seems to be over. There is a general consensus that the market will be 30 to 40 vessels short by the end of this decade amid volume increase-one o
World’s largest LNG buyer posts decline in August imports
Japan’s liquefied natural gas (LNG) imports dropped by 6 percent in August year-on-year, according to the provisional data released by the country’s Ministry of Finance. The world’s largest buyer of the chilled fuel imported 7.26 million mt of LNG last month as compared to 7.72 million mt in August
Report: Indian oil firm makes large offshore oil discovery
India’s ONGC has reportedly made a large oil discovery near its Mumbai High offshore oil fields, off India’s west coast. According to a widely cited report by Reuters on Wednesday, the Indian oil company’s discovery might hold in place reserves of 20 million tonnes. The news agency cited people fami
LNG exporters under fire from Australian watchdog over domestic supply
Australia’s east coast liquefied natural gas (LNG) exporters have been criticised by the country’s competition watchdog for not doing enough to help counter domestic gas supply shortages. The government announced earlier this year a domestic mechanism under which it could restrict LNG exports, in a
Turbine Switch at Bay of Saint-Brieuc to Be Approved Soon
Following Siemens Gamesa’s decision to replace Adwen’s 8MW turbines, proposed to be installed at three French offshore wind farms, Ailes Marines informed it had sought the approval from the French Minister for the Ecological and Inclusive Transition, Nicolas Hulot, with the decision expected shortly
Hurricane Maria Closes Ports in Puerto Rico, Virgin Islands
Puerto Rico and the US Virgin Islands are yet again closed to vessels as Hurricane Maria approaches the area, only two weeks after the previously set port condition ZULU. Effective 8 am local time on September 19, the Coast Guard Captain of the Port San Juan, Capt. Eric P. King, set port condition Z
Teekay’s Randgrid FSO reaches Gina Krog field
Teekay’s recently converted floating storage and offloading vessel Randgrid has reached its final offshore location – the Gina Krog field in the North Sea. The vessel, to be used at the Statoil-operated field, had left the yard in Mejarvik last Thursday, and, according to a Teekay spokesperson, has
GTT’s new Mark III Flex technology receives ABS approval
GTT, the French maker of LNG containment systems, said the evolution of its Mark III Flex technology has received the general approval from the American Bureau of Shipping (ABS).
Maersk sells tanker business
Following a recent deal to sell its oil business, Danish shipping giant Maersk has now reached an agreement to sell its Maersk Tankers unit. The company said on Wednesday it would sell the shares in Maersk Tankers to APMH Invest A/S (APMHI) for USD 1,171 mill. on a debt and cash-free basis. APMHI is
Triton Knoll Team Picks Sif-Smulders JV to Build Foundations
The Sif-Smulders joint venture has been selected to manufacture 90 monopiles and transition pieces, as well as two foundations for offshore substations, for the Triton Knoll offshore wind farm in the UK.
Offshore WIND Expertise Hub Returns to Offshore Energy
Join, listen, learn and network. Four words that must tickle your fancy! Would you like to know more about what is happening within the offshore wind industry? Listen to leading industry players talk about innovations and developments? Then you must join the Offshore WIND Expertise Hub during the Of
Offshore WIND Expertise Hub Returns to Offshore Energy
Join, listen, learn and network. Four words that must tickle your fancy! Would you like to know more about what is happening within the offshore wind industry? Listen to leading industry players talk about innovations and developments? Then you must join the Offshore WIND Expertise Hub during the Of
BP evacuates workers from Thunder Horse platform amid power outage
British oil giant BP has reportedly evacuated workers from its Thunder Horse platform in the U.S. Gulf of Mexico, after a power outage According to Reuters, the oil company said on Monday 300 workers had been removed from the platform as a precaution. Production has been halted. Offshore Energy Toda
Canaveral Port Picks CH2M to Design New Cruise Terminal
Florida’s Canaveral Port Authority has awarded a contract to CH2M to design a new terminal to support the port’s cruise business. As explained, the project is in line with Port Canaveral’s vision “to accommodate further growth for the world’s second-busiest cruise port.” The cruise business currentl