News
Acta Marine Unveils Name of Its Newbuild Vessel
Acta Marine has revealed the name of its newbuild Ulstein SX195 walk to work vessel being built at Crist shipyard in Poland. Acta Marine informed that the vessel will sail under the name Acta Auriga. Upon delivery the Acta Auriga will join Acta Orion, its semi-sister vessel, and as such form the sec
Norton Rose Fulbright advises South Korea’s S-Oil on Malaysian LNG deal
Global law firm Norton Rose Fulbright has advised S-OIL Corp, one of South Korea’s largest refiners, on a 15-year liquefied natural gas (LNG) supply contract with a unit of Malaysian state-owned energy giant Petronas. As part of the agreement, which was signed in August, S-OIL will buy 700,000 tonne
Offshore watchdog looks into emergency preparedness on Statfjord B
Norway’s offshore safety body, the Petroleum Safety Authority (PSA), has found one non-conformity and one improvement point during an audit of Statoil’s Statfjord B platform located in the North Sea. The offshore safety regulator said on Wednesday that it had identified one non-conformity relating t
ABS, GasLog finalize LNG boil-off project
The American Bureau of Shipping and Monaco-based LNG shipper GasLog have completed a joint development project demonstrating a new approach to evaluating LNG boil-off rate. “By expanding the application of computational fluid dynamics (CFD) analysis to simulate the LNG BOR in cargo tanks, owners are
WES Awards Funding for New Wave Energy Projects
Wave Energy Scotland (WES) has announced over £660K of funding for 13 new projects aiming to develop innovative control systems for wave energy converters. This initiative brings together control systems specialists from mature sectors such as aerospace and oil and gas, to work with Scottish technol
Acta Auriga On Track to Join Acta Marine W2W Constellation
The construction of Acta Marine’s Ulstein SX195 walk-to-work (W2W) construction support vessel is progressing well and on schedule at Crist shipyard in Poland, the Den Helder-based company said, adding that the DP2 vessel will sail under the name Acta Auriga.
Gina Krog FSO catches fire while docked in Norway
The crew of 138 workers was evacuated last weekend from an offshore vessel docked in Norway due to a fire in an engine room. According to reports from the Norwegian media, the vessel that caught fire on Sunday was Teekay’s shuttle tanker Randgrid, destined to work on the Statoil-operated Gina Krog f
Video: mooring of Shell’s Prelude FLNG
The Hague-based LNG giant Shell has released a video showing the mooring operations of its Prelude floating liquefied natural gas (FLNG) facility located in the Browse Basin, offshore northwest Australia. The giant facility arrived at its location, the Prelude field, 475km North-North East of Broome
VIDEO: Mooring the largest floating facility ever built
Oil company Shell has launched a video of its giant Prelude floating LNG (FLNG) unit being moored at the Browse Basin offshore Australia. After a journey of nearly 6000 kilometers, the giant vessel arrived from a shipyard in South Korea to Australia in late July. Following the FLNG vessel’s arrival
Italy’s Adriatic LNG terminal receives first US cargo
Adriatic LNG terminal off the Italian Veneto coastline has received it first liquefied natural gas cargo from the US. The cargo was sourced from Cheniere’s Sabine Pass liquefaction plant in Louisiana, currently the only such facility to ship US shale gas overseas. The cargo departed from the Sabine
India’s GAIL swaps 60 percent of contracted U.S. LNG volumes
State-run gas company GAIL (India) Ltd has reportedly swapped 60 percent of its previously contracted U.S. LNG supplies as it is trying to reduce costs for price-sensitive Indian customers. The Indian company has a contract with Cheniere to buy 3.5 million mt per annum of LNG for 20 years from Sabin
Spotted: London Cruise Terminal Welcomes Longest Ship to Date
In today’s spotted, we bring you an image of Mein Schiff 3 which sailed into the London International Cruise Terminal in Tilbury in the morning hours of September 12. The giant Mein Schiff 3, owned by Germany-based TUI Cruises, is the largest cruise ship the terminal has welcomed. Featuring a length
Lebanon extends deadline for offshore licensing round bids
Lebanese government has extended a deadline for the submission of bids in the country’s first offshore oil and gas licensing round by four weeks. Lebanon’s Minister of Energy and Water, Cesar Abi Khalil, issued the decision last week, extending the applications submission deadline from September 15
Fitch: India’s Gorgon deal may spur more LNG renegotiations
The renegotiation of a 20-year liquefied natural gas contract to lower the price paid by India’s Petronet LNG go to one of its suppliers, ExxonMobil, demonstrates the risks faced by LNG exporters in the oversupplied Asia Pacific market, according to Fitch Ratings. Larger LNG importers, such as Japan