News
Ichthys Venturer FPSO Reaches Australian Waters
Ichthys Venturer, the INPEX-operated Ichthys LNG Project’s floating production, storage and offloading (FPSO) facility, arrived in Australian waters on August 14. The 336-meter-long, 59-meter-wide, ship-shaped, weather-vaning facility will be permanently moored in the Browse Basin, about 220 kilomet
Mercator: Restructuring of Shipping and Dredging Business
Mercator Ltd, one of India’s diversified conglomerates with interests in coal, oil and gas, shipping and dredging, is considering dividing its shipping and dredging business into two separate entities. “On 12th August 2017, the Board of Directors of Mercator initiated a study to explore the possibil
Globe Launches SEA-US Subsea Cable System
Globe Telecom has launched the USD 250-million Southeast Asia-United States (SEA-US) submarine cable system, providing direct links between Davao City and the United States. The 14,500-kilometer SEA-US international cable system uses the 100 gigabits per second (Gbps) transmission technology to deli
DesignPro seeks CFD modeling crew
Ireland-based company DesignPro is tendering for Computational Fluid Dynamics (CFD) modeling services as part of its Horizon 2020 project to commercialize small-scale river devices.
VBMS Completes Three Cable Repairs in UK Waters
VBMS has recently repaired two inter-array cables and one export cable in the Thames Estuary and the Irish Sea. VMBS used Stemat 82 to carry out the inter-array cable repairs in the shallow waters of the outer Thames Estuary due to its 8-point mooring system and 2.3m depth. The repair of the export
Spotted: MV Lone Brings 12 Damen Ships to Rotterdam
Heavy lift vessel MV Lone, owned by heavy lift and project cargo transporter SAL Heavy Lift, arrived in the Dutch Port of Rotterdam carrying a batch of twelve Damen vessels. The multiple vessel shipment comprises various Damen Tugs and one Multi Cat that have been constructed at Damen’s shipyards in
Sirius Petroleum agrees Ororo financing with BP
Investment company Sirius Petroleum has entered into a $10 million revolving pre-payment facility and commercial offtake agreement for the sales of crude oil produced from Nigeria’s Ororo offshore field with BP. Sirius entered discussions with BP regarding an offtake and pre-payment facility to supp
Maersk CEO: Five or Six Container Carriers to Survive Consolidation
Further consolidation in the container shipping market seems to be imminent and is likely to result in the survival of five or six top carriers, according to the Chief Executive Officer of AP Møller Mærsk A/S, Søren Skou. In an interview with the Financial Times, Skou is cited as saying that “the co
GulfNav Delivers Higher Profit in H1
Dubai-based shipping company Gulf Navigation Holding (GulfNav) saw a 33% growth in net profits by the end of the first half of 2017, compared with the same period of 2016. The company witnessed a continuous improvement in its financial performance, ending the first half of 2017 with a net profit of
Greencoat to Acquire North Hoyle Offshore Wind Farm
Greencoat UK Wind (UKW) has entered into an agreement to acquire the North Hoyle offshore wind farm. The acquisition process is expected to be completed this month.
Greencoat to Acquire North Hoyle Offshore Wind Farm
Greencoat UK Wind (UKW) has entered into an agreement to acquire the North Hoyle offshore wind farm. The acquisition process is expected to be completed this month.
First Jacket Installed at Beatrice OWF
Beatrice Offshore Windfarm Ltd (BOWL) informed that the first jacket substructure has been installed offshore. The installation of the first of 86 jacket substructures took place at the BOWL offshore construction site in the Outer Moray Firth. Offshore construction began in April 2017 and has seen a
African Petroleum awaits feedback from Gambian officials
Independent oil and gas company African Petroleum (AP) is still waiting for clarity on its Gambian offshore licenses situation. African Petroleum holds a 100% operated working interest in offshore licenses A1 and A4 in The Gambia. To remind, reports emerged in early July that the Gambian government
DP World, Suez Canal Zone Set Up JV
Dubai-based port and terminal operator DP World has agreed with the General Authority of Suez Canal Zone to form a joint development company with an aim to develop the international port industry. DP World said it would establish the company to implement a series of projects in the region, with the