News
Gazprom CEO sees share of EU gas market rising despite LNG rivals
By Dmitry Zhdannikov LONDON (Reuters) – A new pipeline from Russia’s Arctic fields to Germany will boost Moscow’s share of the European gas market despite competition from Qatar and the United States, and will also mean much less fuel goes via Ukraine, Russian gas monopoly Gazprom said. Chief Execut
Update: Two Dead in Explosion aboard Bulker
Another crewmember died following an explosion aboard the Marshall Islands-flagged bulk carrier Tamar on April 24, bringing the death toll to two sailors, according to the United Stated Coast Guard. Two more sailors suffered massive burns and are in need of immediate medical attention, the captain o
Decal, San Marco Petroli plan Italian LNG facility
Italian companies Decal and San Marco Petroli have unveiled plans to build a liquefied natural gas (LNG) storage terminal in Porto Marghera, Venice. The duo said in a statement issued last week that they have completed the feasibility study for the construction of the LNG terminal able to receive fe
DOF takes over Canadian Subsea Shipping ahead of Husky contract start
Norwegian offshore vessel specialist DOF Subsea has taken full control of Canadian Subsea Shipping Company AS. According to a filing on the Oslo Stock Exchange on Monday afternoon, DOF has bought the remaining shares in Canadian Subsea Shipping. DOF, providing survey, remote intervention and diving
Report: Wagenborg Shipping sells five-year-old OSV
Wagenborg Shipping, a subsidiary of international transport specialist Royal Wagenborg, has reportedly sold one of its offshore supply vessels (OSVs) to an undisclosed buyer. According to information provided by VesselsValue, a website providing intel on the offshore and shipping world, the company
Milaha reports drop in Q1 profit
Doha-based Qatar Navigation (Milaha) reported a 33 percent drop in its net profit for the first three months of 2017.
Amec FW expects further O&G decline
Amec Foster Wheeler, a UK engineering and construction giant, doesn’t expect to see improvement in the oil & gas part of its business in 2017. The company’s revenue in 2016 was £5,44 billion, in line with £5.45 billion reported in 2015. Loss before tax deepened to £542 million, compared to £235 mill
JAXPORT Sees 13 Pct Rise in Asian Container Volumes
The US Jacksonville Port Authority (JAXPORT) recorded a 13 percent growth in Asian container shipments during the first six months of fiscal year 2017, compared to the same period a year earlier. From October 2016 to March 2017, JAXPORT moved 178,249 TEUs, against 157,689 TEUs seen in the same perio
Report: Havila sheds anchor handler as part of restructuring plan
Norway’s shipowner Havila Shipping has reportedly sold one of its anchor handling tug and supply (AHTS) vessels to an unnamed Vietnamese buyer. According to information provided by VesselsValue, the vessel in question is Havila’s POSH Venture. The vessel, along with the 2008-built POSH Viking, POSH
Enagás’ first quarter profit rises
Spanish LNG terminal operator, Enagás reported a net profit of €102.8 million (US$111.9 million) in the first quarter of 2017.
Petrofac wins $70M in Iraq contracts
Petrofac has secured several contracts in Iraq during the first quarter of the year. In a statement on Tuesday, the company said the contracts were worth more than $70 million and were for engineering, operations and maintenance services in Iraq. Petrofac’s Engineering and Production Services’ (EPS)
PHOTO: TechnipFMC’s New DSV Gears Up for Its First Project
TechnipFMC’s new diving support vessel (DSV) Deep Explorer is preparing for its first project, the company informed through social media. It hasn’t been yet confirmed which project the DSV, purpose-designed for subsea projects in the North Sea and Canada markets, will be engaged in. TechnipFMC added
EU approves investment in LNG-bunkering studies across Europe
European Union member states approved the European Commission’s proposal to invest €22.1 million in the development of transport and energy infrastructure through its Connecting Europe Facility (CEF).
Panama Canal Changes Fuel Requirements for Ships
The Panama Canal Authority (ACP) has modified fuel requirements for vessels entering the canal waters. According to changes, ships intending to traverse the waterway that need to anchor at the Pacific or Atlantic Anchorages prior to their transits or vessels that plan to call at the Pacific or Atlan