News
Victoria Completes NKT’s Power Cable Picture
NKT has held a naming ceremony for NKT Victoria, the company’s new cable-laying vessel which was part of the recently completed acquisition of ABB’s high voltage cable business, at its power cable plant in Karlskrona, Sweden.
Delek increases Ithaca stake to 94.2 percent
Israeli energy group Delek has increased its holding in Ithaca Energy, a UK focused oil and gas company. Ithaca said on Thursday that the share tendering process had been completed for the cash takeover offer made by Delek Group Ltd. for all the common shares of the Ithaca not already owned by Delek
NKT Names Its New Cable Layer
NKT has held a naming ceremony for its new cable-laying vessel, the NKT Victoria, at the power cable plant in Karlskrona, Sweden on Thursday. The cable-laying vessel was delivered by Norwegian shipbuilder Kleven to NKT in April. NKT Victoria is capable of laying high-voltage offshore cables with hig
Slumping oilfield services sector bets on new offshore technology
By Jessica Resnick-Ault and Liz Hampton HOUSTON (Reuters) – The oil industry’s top equipment and services suppliers this week are hawking vastly cheaper ways of designing and equipping subsea wells, aiming to slash the cost of offshore projects to compete with the faster-moving shale industry. At th
Cheniere posts $54 million profit in Q1
US LNG export player Cheniere reported a net income of $54 million in the first quarter as it continued to boost production at its Sabine Pass LNG export terminal. This compares to a net loss of $321 million in the first quarter of 2016. Total revenues during the three months ended March 31, 2017, r
Norton Rose Fulbright adds LNG experience to Singapore office
Global law firm Norton Rose Fulbright expanded its shipping and offshore oil and gas team in the Singapore office.
Pacific Orca Loads First Galloper Turbine Parts
Wind turbine installation vessel (WTIV) Pacific Orca has arrived to the Peel Ports Great Yarmouth to load Siemens wind turbine components ahead of her first trip to the 336MW Galloper offshore wind farm.
Dong Energy settles Hejre platform dispute
Danish energy firm DONG Energy has settled a dispute with Technip and Daewoo over a cancelled offshore platform order. To remind, in March 2016, DONG Energy and Bayerngas terminated the contract for the engineering, procurement and construction (EPC) of the Hejre platform with the Technip-Daewoo con
Mission to Seafarers Responds to Rising Seafarers’ Welfare Issues in UAE
In the last two years, the Dubai-based team of the Mission to Seafarers (MtS) welfare charity dealt with 298 vessels which had significant welfare issues involving more than 1,600 seafarers, the organization said. As informed, the number of cases has steadily increased to the extent that the current
Senators call for Trump administration to stay out of FERC’s Jordan Cove LNG deicision
U.S. Senators Ron Wyden and Jeffrey Merkley sent a letter to the president Donald Trump, demanding the administration allows the Federal Energy Regulatory Commission to carry out the Jordan Cove LNG review “without political interference.”
Gassco takes over Polarled pipeline operatorship
Norway’s Statoil has transferred the operatorship for the Polarled subsea pipeline linking the Aasta Hansteen field in the Norwegian Sea and Nyhamna to Gassco. According to Statoil, the 482-kilometer pipeline between the Aasta Hansteen field in the Norwegian Sea and Nyhamna in Møre og Romsdal was de
VIDEO: Ichthys platform sets sail to Australia
Japan’s Inpex has shared a video of the sailaway of the Ichthys Explorer, a central processing platform destined for the Ichthys offshore gas field in Australia. Inpex said on Friday the CPF sailed away from its construction site in Geoje, South Korea en route to the Ichthys field. The unit sailed a
Statoil Starts Putting Together Hywind Scotland Turbines (Video)
Statoil has started assembling the Siemens 6MW turbines for the 30MW Hywind Scotland floating wind farm at the assembly base in Stord, Norway.
Statoil Starts Putting Together Hywind Scotland Turbines (Video)
Statoil has started assembling the Siemens 6MW turbines for the 30MW Hywind Scotland floating wind farm at the assembly base in Stord, Norway.