Work has begun to retrieve around 60 containers lost from YM Efficiency off the coast of Newcastle.
The oil price war and the coronavirus pandemic are already taking their toll on the oil and gas services market, with offshore drilling contractors among the most affected segments. One of the major drillers, Noble Corporation, has seen its contracts shortened, rigs stacked and put on standby, and d
South Korea’s refiner GS Caltex is now using liquefied natural gas instead of oil to power its Yeosu refining plant in a move to reduce carbon emissions. Low sulfur heavy oil emits 76 tons of carbon dioxide (CO2) per terajoule compared to 56 tons of CO2 emitted from LNG, according to GS Caltex. The
Despite COVID-19 challenges, AMSC has closed a $305 million refinancing covering nine vessels.
Russia’s largest independent natural gas producer Novatek boosted its production in the first quarter of this year while the company’s sales decreased. Novatek said Thursday that natural gas production rose by 2.2 percent year on year to 19.1 billion cubic metres. The Russian company’s production of
Lime Petroleum has signed an agreement with Equinor to acquire 20 per cent interests in each of the licences PL263D and PL263E located in the Norwegian Sea.
Cargo removal operations from a grounded Norwegian vessel began off the coast of Scotland .
China’s Sinopec started constructing additional storage tanks at its liquefied natural gas import terminal in Tianjin. The construction of five 220,000 cubic metres LNG storage tanks is a part of the second expansion phase of Sinopec’s Tianjin terminal. The expansion also includes an additional jett
Cyprus is no longer part of the targeted flag list of the USCG in relation to the safety performance of flag administrations.
Prosafe, a provider of semi-submersible accommodation rigs, is in talks with operators related to potential contract changes for its units.
A decision on whether to approve a further £244,000 investment in Perpetuus Tidal Energy Centre (PTEC) has been delayed – this time by coronavirus. The Isle of Wight council were set to approve the further investment to assist with renewal of licences and leases for the tidal energy scheme off the c
Elia and 50Hertz Transmission have issued a tender seeking a UXO expert for offshore platforms in Belgium and Germany. In Phase 1, the contractor will provide a desktop study and a presentation of results on a UXO risk workshop with the client. The selected party will then in phase two provide consu
Shell has awarded a contract extension to the Petrojarl Knarr FPSO owned by Altera Infrastructure, previously known as Teekay Offshore. However, some of the terms of the contract have been changed, including a reduction in dayrate.
The developers of Australia’s first offshore wind farm have started environmental assessment process and referred the Star of the South project to state and federal planning and environment ministries.
