News
First Hywind Turbine Arrives in Scottish Waters
The first floating wind turbine for the Hywind Scotland project has arrived off Aberdeenshire, after setting sail from the project’s assembly base in Stord, Norway, last week.
PTT eyeing stake in Petronas’ LNG project
Thailand’s state-owned PTT is eyeing a stake in Petronas’ natural gas liquefaction plant to be built in Malaysia.
Singapore: Merger on the cards between largest rig builders?
A merger between two of the Singapore’s largest offshore rig builders, Keppel Offshore & Marine and Sembcorp Marine, might be on the cards. This is according to a report by DBS Bank – The Development Bank of Singapore, which believes it is time for Singaporean shipyards to reform, restructure, and r
Nakilat’s six-month net profit declines
Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipper, reported an 18.3 percent drop in net profit for the first half of 2017, compared to the first six months last year.
LNG head leaves Glencore
Gordon Waters, global head of LNG at Glencore, has reportedly resigned from his position with the Swiss commodity trader.
World’s 2016 energy spending dragged down by upstream O&G
World’s total energy investment in 2016 fell to $1.7 trillion, a 12 percent drop versus $1.9 in 2015, dragged down by the oil companies’ lack of spending which was slashed by a quarter. According to a report released by the International Energy Agency (IEA), while the world experienced a 9% increase
ESA meets Offshore WIND Conference
Offshore WIND Conference is proud to announce a first for the event: the final speaker of the conference will be two distinguished guests from the European Space Agency. They will be discussing where space technology meets offshore wind and how these two industries can work together to improve futur
Liberty Prrudencia Crew’s Ordeal Over
The sixteen former crew members of the Hong Kong-flagged bulk carrier Liberty Prrudencia have been repatriated and their wages paid on Sunday, July 23, the Human Rights at Sea organization confirmed. The ship was abandoned in February 2017, according to the data from the International Labour Organiz
GALLERY: ‘Topaz Tiamat’ tests the waters of Norway
Topaz Energy and Marine has shared the photos of its latest newbuild, the Topaz Tiamat, undergoing sea trials in Norway. The UAE-based owner of offshore support vessels ordered the Topaz Tiamat from Vard Brattvag in Norway back in September 2015. Topaz Tiamat was ordered together with its sister ves
Gas shortfall in 2018 could curb Australian LNG exports
The minister for resources and Northern Australia, senator Matt Canavan, formally notified LNG producers that he intends to consider whether 2018 will be a gas shortfall year under the Australian Domestic Gas Security Mechanism (ADGSM).
Chinese Cargo Ship Sinks, 12 Crew Rescued
Chinese-flagged cargo ship Nan Hui 68 sank on July 23 near Huidong of Guangdong Province, east of Hong Kong taking its twelve crew members into the water. The cause of the sinking is believed to be shifting of the ship’s ore cargo amid high waves and gushing winds prompted by the Typhoon Roke, local
First Monopiles In at Rentel Offshore Wind Farm
The first monopiles have been installed at the Rentel offshore wind farm, according to DEME Group, whose daughter company GeoSea is carrying out the works with its installation vessel Innovation.
Husky Energy trims 2Q loss
Canada’s Husky Energy has managed to reduce its second quarter net loss, posting a loss of $93 million, compared to a loss of $196 million in the second quarter of 2016. Average Upstream production was 320,000 barrels of oil equivalent per day (boe/day), compared to 316,000 boe/day in the second qua
Construction kicks of on first Hungarian LNG station
The Hungarian Gas Transport Cluster Association (MGKKE), said the cornerstone for the first LNG-fueling station in Hungary has been set.