News
Yinson Fixes FPSO Off Vietnam
Yinson Clover (YCL) has secured a contract with Talisman Vietnam (TLV) for the supply, operation and maintenance of a floating production storage and offloading (FPSO) vessel for Ca Rong Do field in the Block 07/03 offshore Vietnam. The FPSO will be chartered on a time charter basis for a firm perio
Total ordered to fix Martin Linge faults ahead of departure from shipyard
Following an audit, the Norwegian offshore safety watchdog, the Petroleum Safety Authority (PSA), has issued a notice of order to Total to fix faults and deficiencies on the Martin Linge project ahead of platform’s departure from a shipyard. Total E&P Norge is the operator of the Martin Linge field,
Australia to curb LNG exports to protect domestic supply
The Australian government is planning to restrict liquefied natural gas (LNG) exports in case there is not enough gas supply to domestic markets. Australia is on its way to becoming the world’s largest exporter of the chilled fuel. The country has currently seven operating LNG export developments an
Exmar, Vopak back out of FSRU deal
Belgium’s Exmar said that together with the Dutch terminal operator Vopak, it has decided not to pursue the FSRU business sale.
Panama Canal’s LNGC Transits to Nearly Double by 2020
Panama Canal expects to see nearly doubling of liquefied natural gas (LNG) carrier transits through the waterway by 2020 driven by US exports of natural gas, the Panama Canal Administrator, Jorge L. Quijano, said at Sea Asia this week. “For the first time in canal history, we are handling LNG vessel
Bechtel names new group chairman
LNG-engineer Bechtel on Wednesday said its chief executive officer Brendan Bechtel has been unanimously named chairman of Bechtel Group (BGI).
Shell brings Bonga field back online
After several weeks of maintenance, Shell has resumed production from its Bonga field offshore Nigeria. The oil giant confirmed this to Offshore Energy Today in an email on Wednesday, saying the planned turnaround maintenance has completed and the output from the offshore field has resumed. Shell sa
Sharp Decline in Idling Boxships
As of 3 April 2017, the idle container shipping fleet stood at 0.97 million TEU, according to Alphaliner’s data, totaling in 4.8 percent of the total fleet. The major plunge from close to 1.6 million TEU at the start of the year is evident across the boxship fleet sizes. Most significantly, the 3,00
Fatal accident during supply ops for Nido Petroleum
ASX-listed oil and gas company Nido Petroleum has informed there has been a fatal accident in Labuan, Malaysia during supply operations related to the company’s Galoc field in the Palawan Basin offshore Philippines. Nido’s subsidiary Galoc Production Company (GPC) reported on Monday that the acciden
Seadrill rids itself of Archer guarantees
Offshore driller Seadrill has closed a deal with oilfield services firm Archer to extinguish $253 million in financial guarantees provided by Seadrill. The scrapping of the guarantees comes in exchange for a cash payment of approximately $25 million. Seadrill said on Wednesday it remained in “constr
Baltic Exchange in LNG move
The Baltic Exchange said on Wednesday it aims to move into the LNG and container spaces as part of plans to boost its role in the maritime industry. The Baltic Exchange, along with its parent company the Singapore Exchange, plans to develop a freight LNG index to support its spot LNG pricing and Sin
Novatek’s profit drops as revenue climbs
Novatek of Russia on Wednesday reported a 38.7 percent drop in profit for the first quarter of 2017 due to the foreign exchange effect and the effect of the disposals of interests in joint ventures.
Petronas denies offshore gas project stake sale
Malaysian energy giant Petronas said that recent media reports saying the company is looking to sell a US$1 billion stake in the SK316 offshore gas block have been misleading.
Liqvis, Meyer Logistik open Berlin’s first LNG station
Uniper’s unit Liqvis and the food industry service provider Meyer Logistik opened the first publicly accessible fueling station for liquefied natural gas in Berlin.