News
Canyon Offshore to Trench Hornsea One Inter-Array Cable Routes
Siem Offshore Contractors (SOC) has awarded Canyon Offshore Limited, an Aberdeen-based trenching solutions provider, a contract for the provision of trenching services on DONG Energy’s Hornsea Project One offshore wind farm.
SCPA Approves Largest Capital Plan to Date
The South Carolina Ports Authority (SCPA) board of directors adopted a 2018 fiscal year financial plan that includes six percent pier container growth, USD 251.1 million operating revenues, USD 44.1 million operating earnings, and capital expenditures of USD 262.3 million. The plan projects pier con
Hilcorp sole bidder in Cook Inlet lease sale
Hilcorp Alaska was the only company taking part in the Cook Inlet Lease Sale 244 – the first lease sale held in Alaska’s federal waters since 2008. The sale on Wednesday garnered $3,034,815 in high bids for 14 tracts covering roughly 76,615 acres in Cook Inlet, off Southcentral Alaska. All bids were
ION grows West African library with new 2D seismic program
ION Geophysical has announced a new 2D multi-client program offshore Gabon in cooperation with the country’s Ministry of Petroleum and Hydrocarbons and the Direction Général des Hydrocarbures. ION Geophysical said on Wednesday that the multi-client program, named EquatorSPAN II, included over 1,900
IMO: Integrated Approach to Maritime Sector Needed for Economic Stability, SD
Economic stability and sustainable development can be driven by an integrated approach to the maritime sector, including ports, maritime security and facilitation of maritime traffic, according to Chris Trelawny, Special Advisor to the Secretary-General on Maritime Security and Facilitation, IMO. Jo
Herbert Smith Freehills advises Kogas on Coral South FLNG project
London-headquartered law firm Herbert Smith Freehills has advised South Korea’s Kogas on its participation in the $11 billion Coral floating LNG project in Mozambique.
Spotted: Caravel Visits Canaveral
Florida’s Port Canaveral welcomed Glovis Caravel, a huge roll-on/roll-off vessel, for the first time on June 21. The Bahamas-flagged ship can carry 6,500 vehicles. With a deadweight of 20,400 tons, Glovis Caravel features a length of 200 meters and a width of 32.3 meters. Built at Hyundai Mipo yard
Trump’s Policy on Cuba to Have Limited Effect on Shipping
The impact of the reversal of policy toward Cuba announced by the US President Donald Trump is expected to be limited on maritime trade, marine insurer West of England said. On June 16, Trump issued a memorandum on strengthening the US policy toward Cuba, calling the relaxation of sanctions against
Muted Impact of Qatar Crisis on LNG Sector
The severing of diplomatic ties between Qatar and its neighbors in the Gulf has caught the market off guard, causing a lot of concern amid growing uncertainty surrounding the impact of the crisis on the shipping industry. Being the world’s biggest exporter of LNG, it was assumed that the LNG shippin
WATCH: BOEM’s Cook Inlet lease sale
The U.S. authorities will on Wednesday hold a lease sale offering more than a million acres for exploration in Alaska’s Cook Inlet. The lease sale “Cook Inlet Oil & Gas Lease Sale 244“ will be live streamed. The U.S. Bureau of Ocean Energy Management (BOEM) began accepting sealed bids May 18, and cl
Petronet LNG offered stake in Mundra LNG project
India’s largest importer of liquefied natural gas, Petronet LNG is reportedly in negotiations with Gujarat State Petroleum Corporation over a 25 percent stake in Mundra LNG import terminal.
Norway’s oil output for May up three percent
Norway’s oil production in May 2017 was 2.8 percent higher than oil production in the same month last year, according to a report by the Norwegian Petroleum Directorate (NPD). The NPD’s production figures showed an average daily production of 1,980,000 barrels of oil, NGL and condensate, which is a
Study: Maritime Industry Needs Better Data Sharing and Collaboration, But Change Is Coming
The maritime industry and broader ocean supply chain are suffering from major and costly inefficiencies due to ineffective data sharing and poor cross-industry collaboration, a new report and industry survey released by the Business Performance Innovation (BPI) Network in coordination with Navis and
Britain’s reliance on imported gas to jump as giant storage site axed
Britain is set to lose its largest natural gas storage site, increasing the country’s reliance on imported energy, after British Gas owner Centrica, said it would close its ageing Rough facility.