News
JMU, Aluship to develop SPB tanks for LNG fueling
Japan Marine United Corporation signed a cooperation agreement with Aluship Technology of Poland on the construct self-supporting prismatic-shape IMO type B (SPB) LNG cargo and bunker tanks.
Boskalis Reports Lower Revenues, Increased Order Book
Royal Boskalis Westminster N.V. has just released its latest trading update, saying that the market picture for the coming period would be characterized by continued lower volumes of work and pressure on both utilization levels and margins. Compared to the same period last year, revenue declined at
Ops at Richards Bay Dry Bulk Terminal Back to Normal after Strike
Operations at Richards Bay Dry Bulk Terminal are returning to normal, following a disruption by striking workers on Monday and Tuesday this week, Transnet has advised. As informed by a Transnet Port Terminals (TPT) spokesperson, quoted by GAC, the workers who were employed by materials handling comp
Trianel Windpark Borkum II Reaches Financial Close
The 200MW Trianel Windpark Borkum II (TWBII) offshore wind farm project in the German North Sea has reached financial close, Green Giraffe said. Green Giraffe was the sole financial advisor to TWBII, initially owned by EWE and Trianel. Green Giraffe helped arrange the sale of a minority stake to ewz
Clarksons Platou forms offshore renewables division
UK-based provider of integrated shipping services Clarksons Platou has created a new global division that will target the offshore renewable energy market.
Lower Rates Dent OSG’s Q1 Profit
US-based oil tanker company Overseas Shipholding Group (OSG) had a challenging start of the year reporting a slashed net income of USD 5.4 million for the quarter ended March 31, 2017, compared to USD 50.7 million a year earlier. However, net income for the prior year period included income from dis
West Sacramento Kicks Off Southport Levee Scheme
Congresswoman Doris Matsui and West Sacramento Mayor Christopher Cabaldon, along with flood protection partners, broke ground on the Southport Levee Improvement Project yesterday. The Southport Levee Improvement Project is West Sacramento’s largest levee project to date. It will improve nearly six m
Offshore worker missing from North Sea rig
Air and sea search operations have been launched in the UK sector of the North Sea for an offshore worker missing from the Noble Corporation-owned jack-up rig Noble Lloyd Noble. The rig is working on the Statoil-operated Mariner field in the North Sea, approximately 90 miles (150km) east of Shetland
RenewableUK Issues Manifesto Ahead of UK General Election
On 9 May, RenewableUK highlighted the benefits of renewable energy in a manifesto published ahead of the General Election in the UK in June.
Oil price recovery brings Eni back to profit
Italian oil company Eni returned to profit during the first quarter of 2017, versus a loss in the year-before quarter, owing to the upward trend in crude oil prices. The oil company on Wednesday posted a net profit of €965 million, versus a loss of €383 million. According to Eni, this performance wa
Scotrenewables clocks over 18MWh of tidal power generation
Scotrenewables Tidal Power’s SR2000 tidal turbine has generated over 18MWh of energy within a continuous 24-hour testing period at the European Marine Energy Centre (EMEC).
Eni’s Q1 profit surges on higher prices
Italian energy giant and LNG player Eni on Wednesday reported a first-quarter profit of 744 million euros ($810 million), the best quarterly profit in two years, as oil and gas prices rose. This is the company’s second quarterly profit in the last two years as Eni, like its larger peers, benefited f
All Set for Marcus Hook Range Dredging Work
The U.S. Coast Guard said in its latest release that they are establishing three safety zones to facilitate the Philadelphia to Sea Dredging Maintenance Project which includes the dredging works in the Delaware River from May 12 through September 1, 2017. During this time, the cutter suction dredger
Equipment damage weakens ‘Songa Encourage’ earnings
Drilling contractor Songa Offshore saw a decrease in April earnings for one of its Cat D drilling rigs due to damage to non-drilling equipment. The driller said on Wednesday that the Songa Encourage rig achieved an operating efficiency of 91% and an earnings efficiency of 88% for the month, working