News
Hyundai Vinashin Tied to USD 160 Mn Tanker Deals
Vietnam-based Hyundai-Vinashin Shipyard, a joint venture between Hyundai Heavy Industries and Vietnam Shipbuilding Industry Corporation, has reportedly secured five tanker orders over the past week from three Japanese shipowners. Namely, Fukujin Kisen and Masumoto Shipping are linked to an order for
Russia’s Novatek starting up first Yamal LNG train
Novatek has started commissioning activities on the first liquefaction unit at its Yamal liquefied natural gas (LNG) export plant in the Russian Arctic. Once in full production, the first Yamal liquefaction train is expected to produce about 5.5 million tonnes of the chilled fuel per year. Russia’s
AG&P launches United States unit to grow LNG business
Atlantic, Gulf and Pacific Company launched AG&P Engineering in Houston, Texas as it aims to develop supply chain solutions and expand in the growing LNG industry.
Russia ordered to pay €5.4M in 2013 Greenpeace arrest case
An international arbitration tribunal has ruled that Russia must pay a 5.39 million euros compensation to the Netherlands for the damage to the Dutch-flagged, Greenpeace-operated Arctic Sunrise vessel, and the arrest of Greenpeace protesters in 2013. The arbitration, launched by the Netherlands, con
First Hywind Floating Wind Turbine on Its Way to Scotland
The first of five wind turbines for the world’s first floating offshore wind farm – Hywind Scotland – has left the project’s assembly base in Stord, Norway, and is now on its way to the site off the coast of Peterhead in Aberdeenshire, Scotland.
First Hywind Floating Wind Turbine on Its Way to Scotland
The first of five wind turbines for the world’s first floating offshore wind farm – Hywind Scotland – has left the project’s assembly base in Stord, Norway, and is now on its way to the site off the coast of Peterhead in Aberdeenshire, Scotland.
Go-ahead for Shell to use ‘Island Constructor’ on Draugen
Oil giant Shell has received consent from the Norwegian offshore safety regulator, the Petroleum Safety Authority (PSA), for the use of Island Constructor vessel for the start-up of a well offshore Norway. The well, designated as 6407/9-G-5, is located on the Shell-operated Draugen field, which is a
UK: OGA releases new data set ahead of 30th offshore licensing round
UK’s offshore regulator, the Oil & Gas Authority (OGA), has made another set of data packages openly available in an effort to help revitalize exploration of oil and gas in the UK Continental Shelf (UKCS). This latest data release follows the publication of a suite of subsurface data packages in Jun
Expertise Hub VIDEO: Costs Falling Under Positive Pressure (Bladt Industries)
Offshore wind moving forward with cutting down the cost of energy brings both a certain risk to the developers and pressure on the supply chain. The industry needs to stand together with a joint aim to further reduce the price of offshore wind power, according to Lars Kristensen, Senior Vice Preside
NEB: Canada a ‘late entrant’ to global LNG market
Canada is a “late entrant” to the global liquefied natural gas market and the next several years will be critical to the development of the Canadian LNG industry, according to a new report released by the country’s National Energy Board (NEB). The report, titled Canada’s Role in the Global LNG Marke
Horizon Oil completes Western LNG project resource position
Horizon Oil said it has increased its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 – 2.5 tcf gas and 60 – 70 mmbbl of condensate to about 28 percent.
Hyperdynamics urges shareholders to approve reverse stock split
Hyperdynamics Corporation, soon to spud its 650 mboe Fatala prospect in Guinea, has reminded owners of its of its common stock to submit their vote on a company proposal that would authorize its board of directors at its discretion to implement a reverse stock split. The company is working to get th
Analysis: Global Maritime Security Incidents Take Downward Turn
There was an overall 15% decrease in global maritime security incidents in the first half of 2017, compared with the same period of 2016, according to Control Risks’ latest maritime analysis. As explained, the drop was in part driven by a significant decline in maritime piracy in the Gulf of Guinea,
Drewry: Vietnam, Indonesia Adding Direct Mainline Services
The assumption that the rise of mega-ships and alliances would limit the coverage of direct mainline container services to key gateways and hubs has thus far been inaccurate, according to shipping consultancy Drewry. A combination of excess ship capacity, relatively low bunker costs and improving po