News
BP Shipping delivers PSV duo to Ocean Yield
Ship-owning company Ocean Yield on Wednesday took delivery of two platform supply vessels (PSVs) from BP Shipping. To remind, Ocean Yield acquired the two platform suppliers from BP Shipping earlier this week for a total consideration of $105.4 million. The two vessels, NS Orla and NS Frayja, were b
STS LNG bunkering service starts in Belgium’s port of Zeebrugge
Belgium’s port of Zeebrugge has started offering ship-to-ship liquefied natural (LNG) bunkering service. The LNG bunkering vessel Engie Zeebrugge recently performed its first deliveries to the LNG-powered pure car and truck carriers Auto ECO and Auto Energy, both owned by UECC. The LNG bunkering ope
Sevan Marine resolves tax dispute in Norway
Sevan Marine, a Norwegian company designing offshore oil and gas platforms, will get back the cash it paid as part of a tax assessment dispute with the Norwegian tax authorities. Sevan Marine said it had in January received a decision from Skatt Sør (Norwegian tax authorities) that the tax assessmen
Panamax Bulker Aground off New Orleans
A Panamax bulk carrier has run aground in the Gulf of Mexico and is being refloated, GAC informed. The vessel in question is the 77,684 dwt Glory Trader, owned by Greece-based Erasmus Shipinvest. The incident occurred off New Orleans in the evening hours of June 13 (local time), the bulker’s AIS dat
Oil Search: Muruk 1 sidetrack production test done
Oil Search, the owner of a 29 percent stake in the ExxonMobil-operated PNG LNG project, said a production test at the third sidetrack well at the Muruk 1 gas discovery in Papua new Guinea has been completed.
OWiX Looking for Offshore Wind Ideas
The Offshore Wind Innovation Exchange (OWiX) has announced the opening of a Call for Ideas for its first four innovation challenges, as identified by key players in the offshore wind industry.
Qatar Petroleum, Shell form LNG bunkering JV
Qatar Petroleum and Shell, the two world’s largest LNG companies, on Tuesday signed a framework agreement to develop liquefied natural gas bunkering infrastructure at strategic shipping locations across the globe. This move follows two agreements Shell and Qatargas signed with industry partners in 2
Awilco LNG firms up Teekay deal, readies share offering
Oslo-based Awilco LNG signed the final agreement with Teekay LNG Partners fulfilling the conditions for the private placement to be issued on June 19.
Spain: No Deal between Coordinadora and Anesco
The representatives of the Spanish dockworkers union Coordinadora and their employers’ association Anesco could not reach a deal at today’s meeting which was aimed at fixing the ongoing conflict that has been heating up for almost a month. That said, the dockworkers are most likely to stage their 48
Kerala Court Orders Data Seizure from Panama Ship after Fatal Collision
The Kerala High Court has ordered the seizure of all data, including digital records, from the Panama-flagged ship MV Amber L that collided with a fishing boat on Sunday, June 11, off Cochin, killing two local fishermen, local media reported. A third fisherman is reported missing since the incident,
Allianz: Shipping Losses See Downward Trend but Risk Challenges Remain
Large shipping losses have declined by 50% over the past decade, largely driven by the development of a more robust safety environment by shipowners, according to Allianz Global Corporate & Specialty SE’s (AGCS) fifth annual Safety & Shipping Review 2017. 85 large vessels were lost worldwide in 2016
BP on energy markets: Long-term shifts underway
BP has released its 66th annual review of world energy markets. Energy demand was low, renewables grew, coal lost a large share, and gas production grew very slowly, and oil consumption grew strongly. The oil and gas company said the review of 2016 demonstrates the long-term transitions now underw
UNSC Extends Inspection of Vessels off Libya for One More Year
The United Nations Security Council reauthorized its member states on Monday to inspect vessels on the high seas off Libya’s coast suspected of violation of the arms embargo imposed on the country. With the move, the Council extended the authorizations for one more year, under which the member state
Global energy demand stumbles for third year -BP
By Ron Bousso LONDON (Reuters) – Global energy demand continued its sluggish growth last year as China’s growth fell to its lowest in nearly 20 years while renewables flourished, BP <BP.L> said in a report on Tuesday. Slower demand growth helped stall the acceleration of greenhouse gases emissions f