Pin Oak Corpus Christi, LLC received its first vessel at the newly commissioned Oil Dock 14 at the Port of Corpus Christi last week. The new dock can accommodate fully laden bulk liquid tankers up to Suez-max class with loading rates in excess of 40,000 barrels per hour. The Port of Corpus Christi i
France will put up to 8.75 GW of offshore wind capacity out to tender from 2020 to 2028, the Multiannual Energy Programme (Programmation pluriannuelle de l’énergie (PPE)) shows. The new PPE has entered into force on Thursday, 23 April. As proposed earlier, the PPE also increases the intended operati
US LNG equipment maker Chart Industries on Thursday reported a jump in first-quarter profit.
A charter for a Floatel International-owned flotel with Ineos in the UK North Sea has been postponed for 2021.
Norwegian oil major Equinor has decided on a cash dividend of $0.09 per share for the first quarter of 2020, a reduction of 67 per cent compared to the fourth quarter of 2019.
Over ordering of bulk carriers over the past ten years has set the tone for the upcoming decade as overcapacity hinders shipowners’ battle with low demand further constrained by the COVID-19 pandemic. A total of 413 million DWT has flooded the market since the turn of the decade, bringing the world
Houston-based offshore services and robotics specialist Helix Energy Solutions has reported net loss of $11.9 million, or 9 cents per diluted share, for the first quarter of 2020 compared to $1.3 million profit for the same period in 2019. Sequentially, profit fell from $8.1 million of 5 cents per d
Petrofac is preparing to extend its provision of operations and maintenance services to Repsol Sinopec Resources UK following an enhancement to its existing contract.
The Iberia Parish Council, State of Louisiana, has passed a resolution that may go a long way in alleviating drainage and fisheries concerns in the parish, The Daily Iberian reports. The council voted unanimously to appropriate $5,000 from the GOMESA fund for costs related to the planning of the Coa
PGS has seen its Q1 2020 loss widened, mostly on impairments related to library and sale of non-current assets. The Oslo-listed seismic player reported quarterly loss of $117.5 million, or 32 cents per share on revenues of close to $129 million, against loss of $65 million, or 19 cents per share on
The Washington State Department of Ecology has secured seven National Coastal Wetlands Conservation grants worth more than $5 million. The 2020 federal grants will help local partners restore and enhance nearly 500 acres of coastal wetlands and 17,500 feet of marine shoreline in Jefferson, Kitsap, S
South Korea is to provide financial assistance of ₩1.25 trillion (around $1 billion) to struggling shipping companies negatively affected by the coronavirus pandemic.
Kosmos Energy has been given a continued listing standard notice from the New York Stock Exchange (NYSE).
Valaris has seen a number of its drilling contracts terminated and day rates slashed as oil and gas operators are looking to reduce costs.
