News
Weir supplies safety valves for Yamal LNG
Yamgaz, a joint-venture led by TechnipFMC with JGC and Chiyoda, has awarded Weir Flow Control France a contract to engineer and supply critical service safety valves for Yamal LNG.
Tacke CEO of Siemens Gamesa, Hannibal CEO of Offshore Operations
At a meeting held on 8 May, the Board of Directors of Siemens Gamesa Renewable Energy appointed Markus Tacke as the company’s new Chief Executive Officer (CEO) with Michael Hannibal, previously CEO of the offshore division at Siemens Wind Power, now CEO of Siemens Gamesa’s offshore business.
Gulf Drilling signs $925M financing deal with Qatar Islamic Bank
Qatar Islamic Bank (QIB) has signed a $925 million financing facility with compatriot Gulf Drilling International Limited (GDI) to assist in the re-organization of the company’s debt. This new facility, based on Islamic finance principles, will also be used to further enhance GDI’s operational and f
CB&I first quarter profit drops
The LNG engineer Chicago Bridge & Iron (CB&I) reported a net income of US$25 million for the first quarter of 2017, as compared to $107 million for the first quarter of 2016.
HNZ to provide search and rescue for Ichthys, Prelude FLNG projects
HNZ Group has been contracted to provide offshore search and rescue for the Inpex-led Ichthys LNG and the Shell-led Prelude FLNG projects.
McDermott to complete North Ocean 105 vessel buy in June
Offshore construction company McDermott has officially committed to buy a remaining Oceanteam’s stake in the North Ocean 105 AS vessel. To remind, Oceanteam in January said it would sell its 25 pct ownership in the vessel to McDermott as part of its debt restructuring deal. North Ocean 105 is a fast
GasLog Partners in share sale
GasLog Partners, the New York-listed spinoff of LNG shipper GasLog is looking to sell 5,000,000 shares, to raise funds for future acquisitions from GasLog.
Bureau Veritas Launches Asset Integrity Management System
Bureau Veritas has launched the Veristar AIM 3D asset integrity management system, based on technology partner Dassault Systems’ 3DExperience platform. Veristar AIM 3D will be used in the design, development and implementation of the operational lifecycle, to reflect and predict the condition of any
Klaipedos Nafta’s LNG terminal April revenue up
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal reported a 12.2 percent jump in sales revenue from the facility during the month of April 2017.
Sea Trucks in ‘provisional liquidation’
Sea Trucks Group Limited, a provider of offshore vessels and services, has been placed under provisional liquidation. In a statement on Monday, the company said that the Eastern Caribbean Supreme Court in the High Court of Justice British Virgin Islands had placed Sea Trucks had appointed Chad Griff
Due Diligence: Looking beyond Financial Performance
By DNV GL With oil and gas industry mergers and acquisitions expected to pick up this year, buyers and sellers need to focus on more than financials during due diligence. Other key considerations include environmental and safety impacts of projects or assets. Companies in the oil and gas sector are
Advertorial: Online auction Damen patrol vessel
By BVA-Auctions From 12th till 21st of May an online auction of a Damen patrol vessel is organized by BVA-Auctions.com, Europe’s largest online auctioneer. The online auction, by order of the Dutch Ministry of Finance will be held online, to give bidders from all over the world a chance to participa
Australia: MUA slams Farstad ‘retaliation’
Maritime Union of Australia is taking Farstad, an offshore support vessel owner, to Fair Work Commission, Australia’s national workplace relations tribunal, over the latter’s announcement it will lay off 80 workers. The union alleges that Farstad is retaliating for the MUA’s decision not to accept F
Shell says Prelude FLNG to start production in 2018
Shell’s giant Prelude FLNG facility will come on stream offshore Western Australia next year, Chief Financial Officer Jessica Uhl said.