News
Expertise Hub VIDEO: We Have Only Scratched the Surface (WindEurope)
The technical and the economically attractive potential for deploying offshore wind in Europe is vast and we have only scratched the surface with the 13GW that we have today, according to WindEurope’s CEO Giles Dickson, who highlighted the key points from WindEurope’s latest report. Offshore wind co
GE, Baker Hughes complete combination
Oilfield service provider Baker Hughes said its combination with GE’s oil and gas unit has been completed, creating a “fullstream oil and gas company.”
Barrier management audit finds flaws on ExxonMobil’s Ringhorne
Norwegian offshore safety body, the Petroleum Safety Authority (PSA), has found three non-conformities and four improvement points during an audit of barrier management at ExxonMobil’s Ringhorne in the North Sea. The PSA said on Tuesday that it identified three regulatory non-conformities regarding
Waitsia-3 well verifies gas field extension
AWE Limited, the operator of the Waitsia gas project in Western Australia production license L1/L2 has confirmed the extension of the gas field.
Gazprom, Socar talk Azerbaijan gas supplies
Rusian gas giant Gazprom and Azeri state energy company Socar have held talks regarding natural gas supplies to Azerbaijan. A working meeting between Alexey Miller, Chief Executive of Gazprom, and his counterpart Rovnag Abdullayev took place in St. Petersburg on Sunday. The parties discussed coopera
Awilco LNG completes secondary offering, gets new CFO
Oslo-based Awilco LNG, the owner of two 156,000-cbm LNG carriers, said Monday it sold about 58 percent of the shares it was seeking to sell in a follow-on public offering after the company also completed a private placement. According to a statement by Awilco LNG, 3.36 million shares were subscribed
Patrick Mullen takes helm at CB&I
Texas-based LNG engineer CB&I said Monday that Patrick Mullen has assumed the role as the company’s Chief Executive, completing the previously announced transition plan. Patrick Mullen takes over as president and CEO of CB&I following the retirement of Philip Asherman after serving the company for 1
Clarksons: Shipbuilding Cycles – What Can Be Learnt from The Past?
The current situation in the shipbuilding industry, characterized by the trough in newbuilding orders, will improve if contracting levels increase, according to Clarksons Research. Trade growth, the replacement of older, less efficient ships and stricter environmental regulations could support yard
Demolition: Time to Take The Bitter Pill
Low freight rates should be the best incentive for owners to take the bitter pill and scrap some of the outdated tonnage in order to bring the necessary ease to the heavily oversupplied market, according to BIMCO’s Chief Analyst Peter Sand. Freight rates have experienced a solid rebound from the 201
Expertise Hub VIDEO: We Have Only Scratched the Surface (WindEurope)
The technical and the economically attractive potential for deploying offshore wind in Europe is vast and we have only scratched the surface with the 13GW that we have today, according to WindEurope’s CEO Giles Dickson, who highlighted the key points from WindEurope’s latest report.
McDermott in new $810 million credit agreement
U.S. engineering, procurement, construction and installation company McDermott has entered into a five-year amended and restated credit agreement with $810 million of capacity for letters of credit and a $300 million revolving cash sublimit. Additionally, the agreement allows for current or new lend
UK offshore workers vote for strike action over pay dispute
UK offshore workers have voted for strike action in last week’s ballot, but unions don’t have the numbers to support it. Namely, members of the GMB union working for employers within the Offshore Contractors Association (OCA) on Friday voted overwhelmingly to take industrial action over pay and cond
Navantia Rolls Out First East Anglia ONE Transition Piece
The first of forty-two transition pieces to be built by Navantia for Iberdrola’s 714MW East Anglia ONE offshore wind farm is ready for a paint job.
Update: Shell’s Prelude FLNG on way to Australia
Shell’s giant Prelude FLNG facility has recently left the Samsung Heavy Industries’ Geoje shipyard in South Korea where it was built, bound for waters offshore Western Australia.