News
Picture of the day: first Q-Flex at Mugardos LNG terminal
The Mugardos LNG import terminal located in Galicia region and operated by Spain’s Reganosa has received its largest liquefied natural gas vessel up to date. The 216,203-cbm Q-Flex carrier Al Utoriya arrived on Tuesday at the Mugardos facility in the Ferrol port carrying a cargo from the world’s lar
Ndurance Readies to Lay Final Galloper Export Cable
VBMS’ cable laying vessel Ndurance will arrive off the coast of Sizewell on 30 April, weather permitting, to install the second and final export cable for the 336MW Galloper offshore wind farm, Galloper Wind Farm Limited said.
Petronas denies sale talks for gas block offshore Sarawak
Following media reports that Petronas is selling part of its stake in the SK316 offshore gas block in Malaysia’s Sarawak state, the Malaysian state-owned giant has denied the sale talks and deemed the reports as “misleading and misinformed.” Reuters recently reported that the company was considering
Tanker Arrested in Singapore Waters
Chemical/product tanker Golden Dynasty has been detained in Singapore waters, Supreme Court of Singapore’s data shows. The 14,500 dwt ship, owned by China’s Shanghai Dingheng Shipping, was arrested in the morning hours of April 23, 2017. The reason of the ship’s detention was not disclosed. Focal In
Drewry cuts freight rate outlook for LNG shipping
Given the mounting pressure on freight rates and continuing fleet growth over the next two years, excess LNG tanker supply will reduce only gradually with the recovery in rates pushed back to the latter part of next year, according to the shipping consultancy, Drewry. The consultancy maintains a bea
Wind Solution on Rampion Duty
C-bed’s flotel Wind Solution has arrived to Sussex to provide offshore accommodation for the crews currently working on the 400MW Rampion offshore wind farm.
Wärtsilä’s first quarter order intake grows
Finnish engine manufacturer Wärtsilä order intake during the first three months of 2017 grew 11 percent to €1.41 billion (US$1.55 billion) from €1.27 billion in the corresponding period in 2016.
Norway doubles oil and gas resources estimate for Barents Sea
The undiscovered oil and gas resources in the Barents Sea are twice as large as previously assumed, according to new calculations by the Norwegian Petroleum Directorate (NPD), Norway’s petroleum resources regulator. The Norwegian Petroleum Directorate has recently mapped the eastern part of the nort
Solstad Offshore gets rid of laid up platform supplier
Solstad Offshore, a Norwegian offshore service and supply vessel provider, has sold one of its platform supply vessels (PSVs). Solstad said in a statement on Wednesday that the vessel in question was the Normand Vester. The delivery of the vessel took place on the day of the announcement, April 26.
Presidential decree confirms Hyperdynamics’ Guinea farm-out
Hyperdynamics Corporation’s subsidiary, SCS Corporation Ltd., and its project partner SAPETRO have received notice of a Presidential Decree signed by the President of the Republic of Guinea. The decree is implementing the third amendment to its Production Sharing Contract that was signed on April 12
Cairn gets operatorship over Irish license
Europa Oil & Gas, a UK and Ireland focused exploration, development and production company, has received consent from the Irish Government for the transfer of 70 percent interest in and operatorship of Licensing Option 16/19 to Cairn Energy. Europa O&G said on Wednesday that the interest and operato
BIMCO: Dry Bulk Recovery A False Dawn
Despite the strong rebound of freight rates in March this year that saw the Baltic Dry Index (BDI) pass 1,282 point mark on 27 March 2017, BIMCO expects the sector’s fully-fledged recovery to start taking shape in 2018 and 2019. The BDI going up brought earnings into profitable levels for a couple o
H-Energy pens five-year FSRU deal with Engie
Hiranandani Group’s H-Energy signed an agreement with the French LNG player Engie to charter the FSRU GDF Suez Cape Ann.
US approves Golden Pass LNG exports to non-FTA nations
The Department of Energy has granted an approval for Qatar Petroleum’s Golden Pass project to export liquefied natural gas (LNG) to countries that do not have a free trade agreement with the United States. Golden Pass has been authorized to export LNG up to the equivalent of 2.21 billion cubic feet