News
Panama-Flagged Ship Detained in Singapore
Handy bulk carrier Propel Progress has been arrested in Singapore waters, according to data released by the Supreme Court of Singapore. The Panama-flagged ship was detained on June 10, 2017, and brought to Eastern Working Anchorage. The reason of the vessel’s detention was not disclosed. Focal Inves
OPEC sees oil market rebalancing at slower pace, says output rises
OPEC on Tuesday said a long-awaited rebalancing of the oil market was under way at a “slower pace” and reported that its own output in May jumped due to gains in nations exempt from a pact to reduce supply.
Taiwan gets first US LNG cargo
Taiwan has received a cargo from Cheniere’s Sabine Pass LNG export terminal in Louisiana, the first ever US LNG cargo produced from shale gas to reach the country. The 138,000-cbm Cadiz Knutsen docked on Monday at the Taichung LNG terminal located in in the port of Taichung in central Taiwan, accord
Sif-Smulders Team Bags Trianel Windpark Borkum II Contract
Seaway Heavy Lifting has awarded Sif Holding, in a joint venture with Smulders, a contract for production of all monopiles and transition pieces for the Trianel Windpark Borkum II (TWB II) offshore wind farm.
Faroe: Appraisal well proves Brasse discovery commercial
Oil firm Faroe Petroleum has completed drilling of an appraisal well in the North Sea offshore Norway, proving the original Brasse discovery as commercial. The company said the well, spudded late in May, had been targeting a seismic anomaly approximately two kilometrs to the southeast of the main di
Vos Logistics adds two LNG-fueled trucks to Pipelife fleet
The logistics service provider Vos Logistics added two LNG-fueled trucks to the fleet of Pipelife, the manufacturer of plastic piping and fitting.
TechnipFMC completes Kanfa share purchase
Norway’s Sevan Marine and TechnipFMC have agreed on terms and conditions under which the latter will acquire the remaining the 51 percent in Kanfa.
Offshore safety body looks into Repsol’s licensee obligations
Norwegian safety body, the Petroleum Safety Authority (PSA), has found an improvement point during an audit of Repsol’s obligations as a licensee in the country’s production licenses. Repsol, a participant on the Norwegian Continental Shelf since 2003, is a licensee in 25 production licenses and is
Non-Qatari Ships Coming from Qatar Allowed to Bunker at Port of Fujairah?
Vessels which have loaded in Qatar and wish to bunker in Fujairah, the UAE, may be able to do so as long as they are not Qatari-flagged or owned, law firm Ince & Co informed citing the Port of Fujairah’s updated circular. Initially, the port banned the calls of Qatari-flagged ships in addition to an
Qatar Petroleum claims “business as usual” despite political crisis
In response to the Arabian leading powers cutting ties with Qatar last week, Qatar Petroleum (QP), one of the world’s largest gas exporters, has directed all resources to “mitigate the impact of any action that could hamper energy supplies to its customers across the globe.” To remind, Saudi Arabia,
Sirius Petroleum in Ororo financing talks with BP
Sirius Petroleum, working to develop the Ororo field offshore Nigeria is in talks with BP over the financing of the project. The company on Monday confirmed “it is currently in discussions with BP regarding an offtake and pre-payment facility to support the financing of the company’s proposed drilli
Nord Stream: EC initiative ‘entirely unnecessary’
Nord Stream 2, the Gazprom-controlled operator of the planned Nord Stream 2 gas pipeline in the Baltic Sea, has criticized the European Commissions request for mandate to negotiate with Russia an agreement on the project. The European Commission on Friday adopted a request to the Council of the Euro
Productivity at Spanish Ports Declines by Up to 70 Pct
Productivity at Spanish ports has taken a major blow amid the ongoing industrial action taken by the country’s stevedore unions. In some cases there is up to 70% decrease in the work pace of stevedores and unloading of ships, the country’s employers’ association Anesco said. According to the associa
GE appoints new chairman and CEO
GE named John Flannery, current president and CEO of GE healthcare, as the company’s CEO with effect on August 1, 2017, as well as chairman and CEO effective January 1, 2018.