Höegh LNG has said it has finalized the loan terms and signed the facility agreement with five banks for the USD 310 million limited recourse financing of the Lampung FSRU and mooring project in Indonesia. Mandated Lead Arrangers are DBS Bank Ltd, Oversea-Chinese Banking Corporation Ltd, Korea Devel
The MV Jumbo Javelin has recently successfully undertaken a cabotage project in Brazil. The cargo was three modules, up to 400t in weight and each one reaching 17m in height. Jumbo was contracted to carry out the project by a consortium of two companies, Galvao Engineering and Mendes Junior Oil and
Delek Group’s gas subsidiaries, Delek Drilling LP and Avner LP, announced yesterday that a decision to drill exploration well at South West (SW) Tamar prospect, located in Tamar I/12 lease and Eran/353 license offshore Israel, has been approved. According to the resources report prepared by Netherla
Jumbo has been awarded a contract by Malaysian pipelay contractor, Sigur Ros. Under the contract Jumbo, with the HLV Fairplayer will oversee transportation and installation of 126 gravity anchor spreads in water depths up to 1,400m, starting end 2013-beginning 2014. Project management and Engineerin
Jumbo has been awarded a contract by Malaysian pipelay contractor, Sigur Ros. Under the contract Jumbo, with the HLV Fairplayer will oversee transportation and installation of 126 gravity anchor spreads in water depths up to 1,400m, starting end 2013-beginning 2014. Project management and Engineerin
The North Caspian Operating Company (NCOC) on behalf of the North Caspian Sea PSA Consortium announced today the first well was opened and the initial volumes of oil are being produced from the Kashagan field in the North Caspian Sea. On the 30 June, RoK President Nursultan Nazarbayev visited the Ka
Wärtsilä, the marine industry’s leading solutions and services provider, will supply an integrated solution for two dual-fuel liquefied natural gas (LNG) Ro-Pax passenger ferries being built on behalf of Canadian ferry services provider Société des traversiers du Québec (STQ). The contract was issue
BP announced that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated by BP o
BP announced today that it, and its partners, have now awarded over £1 billion in contracts to UK-based companies to provide services and equipment for the major re-development of the Schiehallion and Loyal oil fields to the west of Shetland. The project to redevelop the fields, which are operated b
Otto Energy Limited, as operator of the producing Galoc oilfield joint venture offshore the Philippines, provides the following update on the Galoc-5H and Galoc-6H drilling campaign in SC14C, part of the Galoc Phase II development project approved in 2012. During the period from 0600 hours (AWST) on
Ithaca Energy Inc. announces completion of a highly successful flow test on the first development well drilled on the Stella field and provides a progress update on the Greater Stella Area development activities. The first Stella field development well, “A1”, flowed at a maximum rate of 10,835 barre
Statoil has together with partners in PL128 made an oil discovery in the Svale North prospect in the Norwegian Sea, approximately nine kilometres northeast of the Norne field. Exploration well 6608/10-15, drilled by the Songa Trym drilling rig, has proven a 45 metre oil column in the Åre formation a
TE SubCom, a TE Connectivity Ltd. Company and an industry pioneer in undersea communications technology, and SubPartners Pty Ltd (SubPartners) announce the signing of a system supply contract for the APX-West submarine cable system from Perth, Australia to Singapore. APX-West will deliver low-latenc
Induction-based electric propulsion motor technology from GE’s Power Conversion business will be used to power four new LNG carriers that Korean shipbuilder Hyundai Heavy Industries will build for Maran Gas Maritime, the gas shipping unit of the Angelicoussis Shipping Group. Contracts for the propul
