News
VIDEO: Maersk Supply’s second Starfish vessel coming together
Norwegian shipbuilder Kleven Verft has posted a video on YouTube last week showing Maersk Supply Services’ new vessel coming together. The vessel under construction is one of five remaining Starfish vessels being built for Danish company Maersk Supply Service. The video, created in a time-lapse fash
WoodMac: majors weighing investment in renewables
Oil and gas industry majors are pushed to reconsider their strategies in the future as wind and solar energy are set to play a major role in the energy market.
Jan De Nul Installs All Foundations at Tahkoluoto Offshore Wind Farm
Jan De Nul has installed all ten gravity base foundations at the Tahkoluoto offshore wind farm off Pori, Finland, Suomen Hyötytuuli Oy, the developer of the 40MW project, told Offshore WIND.
Qatar Turns to Oman amid Feud with Neighbors
Qatar is launching a new direct line connecting the Port of Hamad with Omani counterpart, the Port of Sohar, the country’s Ministry of Transport and Communications said. The new service enables the country to bypass the Gulf neighbors that imposed restrictions on Qatari ships following a diplomatic
Woodmac: Renewables a threat to oil majors, but also an opportunity
A niche energy market now, renewables will be much bigger by the middle of the next decade, and a theme not to be ignored, as oil and gas demand growth slows, Wood Mackenzie writes in its latest report. Wind and solar energy are poised to radically reshape the energy market over the coming decades,
Enagás tours Spain, Portugal advocating LNG as fuel
Spanish LNG terminal operator, Enagás, set out to advocate the benefits of LNG as a fuel across Spain and Portugal.
NGVA: study shows LNG’s potential to cut GHG emissions
NGVA Europe said liquefied natural gas (LNG) as fuel for passenger cars as well as light and heavy-duty vehicles brings significant benefits and cuts GHG emissions.
DSME delivers topside module for Statoil’s UK project
South Korea’s Daewoo Shipbuilding Marine & Engineering has delivered a topside module to Norway’s Statoil for what the company said was a UK North Sea project. The Korean shipbuilder on Monday issued a statement on the delivery, along with a photo of Boskalis’ Mighty Servant I heavy transportation v
Qatar crisis to speed the rise of Asia’s spot LNG trade
By Henning Gloystein SINGAPORE (Reuters) – Qatar’s isolation by other Arab nations has dealt a strong hand to Japanese utilities in talks reviewing long-term gas contracts with the top LNG exporter, likely accelerating a shift to a more openly traded global market for the fuel. If Japan gets its way
Jan Chadam resigns from Polskie LNG
Gaz-System, the Polish gas transmission operator said that Jan Chadam resigned from his position as the president of the management board of Polskie LNG.
Drewry: Carriers Adapt to Oversupplied Market
In an oversupplied market carriers have proved to be fairly adept in manoeuvring capacity around, creating fertile conditions for rate increases, according to shipping consultancy Drewry. After five months of 2017 Drewry’s Global Freight Rate Index stands 37% higher than it was in the same period la
Australia: Gladstone LNG exports rise in May
LNG exports from the three liquefaction plants located on Curtis Island offshore Gladstone reached 1.68 million mt during May, according to the data from the Gladstone Ports Corporation. This represents a rise of almost 13 percent as compared to May last year when Gladstone LNG exports reached 1.49
DSV Southern Star starts 6-year charter with Fugro
A new subsea operations vessel named Southern Star has started a bareboat charter with Fugro. Singapore-based new subsea services provider Tasik Subsea supervised the vessel’s build by Fujian Mawei Shipbuilding in Fuzhou, China, at their new Culu Island shipyard. The diving support vessel was launch
Akastor sells KOP for $114 million
Akastor, a Norway-based oil service investment company, is set to sell KOP Surface Products to The Weir Group for $114 million on a debt- and cash-free basis. KOP is headquartered in Singapore and is a supplier of surface wellheads, trees, valves and actuators to the oil and gas industry both offsho