News
I.M. Skaugen delays African small-scale LNG project
Norway-based marine transportation service company I.M. Skaugen’s small-scale LNG project in Africa is facing delays due to pending government approvals.
Atlantic Offshore sends two oldest ERRVs to scrapyard
Shipping company Atlantic Offshore has sold two emergency response and rescue vessels (ERRV) for recycling in Denmark. Atlantic said on Wednesday that the two ERRVs in question were the Ocean Sprite and Ocean Swan. The interesting fact about these vessels is that they are Atlantic’s two oldest EERVs
Petronas bins Pacific NorthWest LNG project in Canada
Malaysian energy giant Petronas and its partners will not proceed with the development of the $27 billion Pacific NorthWest LNG project on Lelu Island in the district of Port Edward in Canada’s British Columbia province.
CGG extends Saturno survey offshore Brazil
French geophysical services company CGG has completed an extension of its Santos VII broadband 3D multi-client survey offshore Brazil. CGG said on Wednesday that the 1,867 square kilometer extension to the original footprint gives the company a total of almost 16,000 square kilometers of newly acqui
PHOTO: TechnipFMC working on Jangkrik project for Eni
Oilfield services provider TechnipFMC has informed via social media channels that it completed work on Eni’s Jangkrik project in deep water offshore Indonesia. TechnipFMC said on Tuesday that the project had a wide-ranging scope of work including subsea trees, manifolds, umbilicals, flowlines, and a
Drewry: FSRUs fetch higher returns than LNG carriers
Despite falling freight rates for FSRUs, investment returns at current asset prices and charter rates are higher compared with standard LNG vessels, according to the global shipping consultancy Drewry.
Drewry: FSRUs More Profitable than LNG Carriers
Despite falling freight rates for floating storage regasification units (FSRUs), investment returns at current asset prices and charter rates are higher compared with standard LNG vessels, according to Drewry’s LNG Forecaster report. The global FSRU fleet has grown at a CAGR of 21% over the last fiv
ExxonMobil finds more oil in Payara reservoir off Guyana
Oil giant ExxonMobil has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels. Payara-1 well was announced as ExxonMobil’s second oil discovery on the Stabroek Block off Guyana in early 2017. In o
Monkey Island LNG hires Aecom to lead FERC pre-filing process
Monkey Island LNG, formerly known as SCT&E LNG, has selected Aecom to coordinate the environmental analysis and engineering services for the Federal Energy Regulatory Commission pre-filing review process and application.
Offshore Energy 2017: Technical Sessions Overview
Guided by this year’s theme Transformation through Collaboration, the three day program consists of Technical Sessions, Keynotes, Master Classes, the Marine Energy Event and the Offshore WIND Conference covering a spectrum of topics from technological innovation in various disciplines to industry wi
The Big Short
There’s been a wave of short term fixtures in the North Sea offshore vessel market, but is it only a band aid which, once ripped off, will reveal a problem still very much untreated? By Inger Louise Molver, Senior Offshore Analyst at Westshore Shipbrokers Cautious optimism is where we are at right
PSA audits Statoil’s Hammerfest LNG plant
Norwegian Petroleum Safety Authority carried out a major accident and electrical facilities audit from June 26 to 29 at Statoil’s Hammerfest LNG onshore facility.
Statoil Confirms First Hywind Turbine Floated Into Place
Following reports on the first turbine arriving at the site of the world’s first floating offshore wind farm in Scotland, Statoil today confirmed that the first of five Siemens 6MW turbines, mounted on a SPAR-type floating foundation, is at its designated location.
Statoil Confirms First Hywind Turbine Floated Into Place
Following reports on the first turbine arriving at the site of the world’s first floating offshore wind farm in Scotland, Statoil today confirmed that the first of five Siemens 6MW turbines, mounted on a SPAR-type floating foundation, is at its designated location.