News
TMC wins second FSRU deal for Höegh LNG
TMC Compressors (TMC) has been awarded a contract by Samsung Heavy Industries (SHI) to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean yard is building for Höegh LNG.
Statoil gains nod to tweak Heidrun for Dvalin gas
Norwegian oil company Statoil has received consent from the Petroleum Safety Authority (PSA) to modify the Heidrun tension leg platform off Norway to be able to receive gas from DEA Norge’s Dvalin development. Statoil has now received consent to modify parts of the production plant at the Heidrun TL
Picture of the day: Yamal LNG Tran 2 modules delivery
Russian independent natural gas producer, Novatek is developing the giant Yamal LNG project on the Yamal Peninsula.
Saudi Arabia, Russia agree oil output cuts until March 2018
By Chen Aizhu BEIJING (Reuters) – Saudi Arabia and Russia, the world’s two top oil producers, agreed on Monday to extend oil output cuts for a further nine months until March 2018 to rein in a global crude glut, pushing up prices. The timing of the announcement ahead of OPEC’s next official meeting
China Sparks World Container Traffic Boom
Preliminary data from Drewry’s Container Trades Statistics (CTS) indicates that world container traffic surged by 10% year-on-year in the first quarter of 2017, fuelled mainly by spikes in imports and exports from China. The CTS numbers point to intra-regional trade as the primary driver of growth w
‘Topaz Resolve’ starts Mediterranean support work
UAE-based Topaz Energy and Marine has said its Topaz Resolve offshore vessel has started a charter in the Mediterranean Sea. The multi-purpose supply vessel is supporting a geophysical and geotechnical survey operations in the Mediterranean Sea for a European oil major, Topaz said, without revealing
Advertorial: New energy brings new business
By John Spee, Investment Projects & Acquisition at Noord-Holland Noord The Dutch harbour city Den Helder has grown the last 40 years into a key offshore hub for the Central and Southern North Sea. Now with the transition from Oil & Gas to renewables on the horizon, the region sees a leading role for
Drewry: Asia – Oceania Trade Growth Slowing Down
The trade growth from Asia to Australasia is starting to slow down in 2017 with exports from North Asia taking the worst hit, according to the shipping consultancy Drewry. First quarter 2017 year-on-year growth for all of Asia to Australasia container shipments was 2%; the weakest in five quarters,
Atlas to Supply Entire Bibby WaveMaster 1 Crew
Atlas Professionals is the exclusive supplier for marine crew to Bibby Marine Services’ new Service Operations Vessel (SOV) Bibby WaveMaster 1. The two-year agreement will commence in July 2017, the marine energy HR service provider informed.
Atlas to Supply Entire Bibby WaveMaster 1 Crew
Atlas Professionals is the exclusive supplier for marine crew to Bibby Marine Services’ new Service Operations Vessel (SOV) Bibby WaveMaster 1. The two-year agreement will commence in July 2017, the marine energy HR service provider informed.
One Dead After Tanker Catches Fire at Hamriyah Port
One crewman died and four were injured when a tanker carrying oil products caught fire at Hamriyah Port, Sharjah, the United Arab Emirates (UAE), Sharjah Civil Defense said. The tanker, identified as the 1991-built Ebrahim 1, caught fire in the early morning hours of Saturday, May 13. The four injur
Atlantic Petroleum completes Orlando field sale
Faroese oil and gas company Atlantic Petroleum has completed the sale and purchase agreement with Decipher Energy for its 25 percent interest in the Orlando field in the UK North Sea. Atlantic said on Monday that the consideration is a two percent revenue share of the total Orlando production revenu
Premier Oil expects Tolmount field sanction in 2018
London-listed oil firm Premier Oil has painted some color on the expected sanction of its Tolmount development in the UK North Sea. In its operational update on Monday, Premier Oil said FEED contracts for the Tolmount have been awarded to Wood Group for the offshore FEED, Land & Marine for the beach
Spotted: Big Ship Cranes Reach Prince Rupert
The expansion of Prince Rupert’s Fairview Container Terminal in Canada’s British Columbia has reached another milestone with the arrival of three Malacca-max dock gantry cranes. The three gantry cranes entered Prince Rupert Harbour aboard the heavy load carrier ship Zhen Hua 25 on May 13. The offloa