News
World’s 1st Ship Tunnel Step Closer to Construction
Norway’s Stad Ship Tunnel project, also known as the world’s first full-scale ship tunnel, is moving toward construction process as the plan was made formal. Namely, the Norwegian government submitted a white paper on transportation, the National Transport Plan 2018-2029, on 5 April 2017, which prop
BP extends two PSV deals with Deep Sea Supply
Oslo-listed offshore vessel owner Deep Sea Supply has secured two time charter contract extensions with BP Egypt. The PSVs Sea Spear and Sea Spark have been awarded a 1 year extension of their charter contracts with start from end of current firm period, in July 2017. Both vessels started operations
Oilfield services jobs picking up after massive cuts, analyst says
Oilfield services industry has laid off some 300.000 people since the collapse of oil prices in 2014, however the tide is now turning, according to a Norwegian energy intelligence group. Rystad Energy has carried out a research according to which service companies within the Shale business are now s
BP cuts CEO’s pay package after shareholder backlash
By Karolin Schaps LONDON (Reuters) – BP has cut Chief Executive Bob Dudley’s 2016 pay package by 40 percent to $11.6 million (9.30 million pounds), the latest British bluechip company to rein in executive pay after a wave of shareholder revolts. The oil company has reduced Dudley’s payout and introd
Torgy LNG’s fuel tank design gets DNV approval
Classification society DNV GL has approved Norway-based Torgy LNG’s updated fuel tank design. The updated LNG Type A tank design has been granted a general approval for ship application (GASA) by DNV GL. The original design was the first LNG tank based on the IMO A atmospheric design to have been aw
ConocoPhillips hires Babcock for offshore helicopter support in Timor Sea
ConocoPhillips has awarded Babcock a contract for offshore helicopters services in the Timor Sea. Babcock’s subsidiary Babcock Offshore Services Australasia will be providing offshore helicopter support services to ConocoPhillips Bayu-Undan production operations in the Joint Petroleum Development Ar
Serica: First gas from Columbus slated for late 2019
London-listed oil firm Serica Energy is looking to bring its Columbus gas field online in late 2019, or 2020. The field is located in the UK sector of the North Sea. The company has been trying to develop the field for years. It suffered a major setback back in 2013, when BG, the operator of [&helli
Prosafe-Westcon dispute over cost overruns lingers on
Prosafe, an operator of semi-sub accommodation rigs known as flotels, is still in dispute with Westcon over cost overruns related to Safe Scandinavia’s conversion from flotel to tender support vessel (TSV). In its 2016 annual report on Thursday, Prosafe said that the litigation process relating to t
Nigeria LNG in talks with buyers on new contracts
Nigeria LNG, the operator of the 22 mtpa liquefied natural gas plant on Bonny Island, has reportedly started negotiations on new contracts with potential buyers for gas supplies from its first three Trains. “Trains 1-3 are coming back to the market as they are out of contract by 2022. We started to
ESC: European Exporters to Monitor Current Developments in Container Shipping
The European Shippers’ Council (ESC) Board of Directors has decided to set up a temporary observer group comprised of representatives of European exporters to monitor closely the situation related to the capacity crunch in container shipping. The group will analyze the changes in capacity, the time
VIDEO: BP launches second Shah Deniz 2 jacket
Oil giant BP, the operator of the Shah Deniz 2 project, has posted a video on its YouTube channel of the sail away and launch of the Caspian Sea project’s quarters and utilities (QU) platform jacket. The jacket sailed away to the Shah Deniz contract area in the Caspian Sea from the Heydar Aliyev Bak
Belgium Starts Building Rentel Offshore Wind Farm
Only a few days after the final turbine was installed at the Nobelwind offshore wind farm in Belgium, works on setting up a further array of wind turbines in the Belgian part of the North Sea started. Namely, the construction of the Rentel offshore wind farm has begun, according to the project’s soc
Belgium Starts Building Rentel Offshore Wind Farm
Only a few days after the final turbine was installed at the Nobelwind offshore wind farm in Belgium, works on setting up a further array of wind turbines in the Belgian part of the North Sea started. Namely, the construction of the Rentel offshore wind farm has begun, according to the project’s soc
Total opens its 1st natural gas fueling station in France
French energy giant and LNG player Total on Wednesday opened its first natural gas fueling station in France, in Nantes. Total said in a statement that it plans to open another 15 stations this year, followed by an additional 10 a year. The aim is to create a network of 110 outlets — either Total or