News
Deep Down returns to profit in 2Q
U.S. oilfield services company Deep Down posted a profit for the second quarter of 2017 compared to a loss in the prior-year period despite decrease in revenues. The company on Monday reported a net income of $0.5 million for the second quarter of 2017, compared to a net loss of $0.5 million for the
Qatargas delivers first Q-Max LNG cargo to Thailand
Qatargas, the world’s largest LNG producer, shipped its first Q-Max cargo of liquefied natural gas to Thailand under the sale and purchase agreement signed with the state-owned PTT.
Surfside Beach Renourishment Scheme in Full Swing
The town of Surfside Beach, SC, has just released the latest update on their beach fill project, saying that the Great Lakes Dredge and Dock Company (GLDD) is now beyond the northern limits of the town and will proceed north to the Myrtle Beach City limits. This should take approximately 20-25 days,
Calumet Refloated, Traffic Back to Normal in Soo Locks
The cargo vessel Calumet, a 629-foot ship that ran aground on the north side of Sugar Island Wednesday, was refloated Friday, at approximately 8:50 PM local time, after the United States Coast Guard approved a salvage plan submitted by Grand River Navigation, the vessel’s owner. The St. Marys River,
Solstad Farstad’s AHTS gets two-year contract in Brazil
Brazilian oil and gas company Queiroz Galvão Exploração e Produção (QGEP), a Queiroz Galvão Group company, has hired one of Solstad Farstad’s anchor handling tug supply (AHTS) vessels for work off Brazil. Solstad Farstad said on Monday that the vessel in question was the AHTS BOS Turmalina. Namely,
Oman LNG, PDO in collaboration deal
Oman LNG, the operator of the country’s sole LNG export plant in Qalhat, and Petroleum Development Oman (PDO) have signed a three-year partnership deal to boost technical and commercial cooperation. The collaboration is a consolidation of efforts in relation to staff development and capacity buildin
DryShips Ends Stock Purchase Deal with Kalani
Greek shipowner DryShips has terminated the disputed common stock purchase agreement, dated April 3, 2017, with the British Virgin Islands-based Kalani Investments Limited, the company said on Friday, effective immediately. In addition, the company’s Chairman and CEO, George Economou, agreed to refr
Ex-TechnipFMC man becomes McDermott senior VP, general counsel and corporate secretary
Engineering and construction company McDermott has appointed John Freeman as the company’s new senior vice president, general counsel, and corporate secretary. McDermott said on Monday that Freeman succeeded Liane Hinrichs who announced her intention to retire from the company at the end of the year
Top News of the Week, 7 – 13 August 2017
Most read news on Offshore WIND from 7 to 13 August 2017.
Popular news, August 7 – 13, 2017
The most popular articles of the week.
U.S. offshore rig count climbs up a notch
The number of offshore rigs in the U.S. climbed up by to 18 units last week following a fall by seven units in the week before, Baker Hughes, a GE Company, reported on Friday. Baker Hughes Rig Count: U.S. -5 to 949 rigs U.S. Rig Count is down 5 rigs from last week to 949, […]
Egbert Wagenborg
Only ten years ago, the motto of Dutch-built cargo ships was multi-purpose. A ship had to be versatile to adapt to the market and be suitable for bulk goods, tramp cargo, containers and project cargo. This way, the vessel could always be employed in the most profitable trade. Things have changed qui
Readers’ Picks of the Week (August 7-11, 2017)
Readers’ Picks of the Week (August 7-11, 2017)
Top news of the week August 7 – 12
Bechtel completes Driftwood LNG FEED Tellurian said the front-end engineering and design (FEED) study for its 26 mtpa Driftwood LNG project has been completed by Bechtel. Uniper CEO says US LNG too expensive, Europe needs alternative gas sources European natural gas suppliers will have to be more ac