Twenty seven crew members were rescued from a North Korean general cargo ship identified as Kum San that sank on March 9, having collided with a Chinese fuel tanker off the east coast of China, Reuters reported citing the country’s Transport Ministry. As informed, the Chinese vessel did not sustain
Following Wood Group’s announcement of the acquisition of Amec Foster Wheeler, the intelligence group Rystad Energy has said that this merger will create a clear market leader within the engineering and MMO-market, with a market share twice as large as its competitors. With a combined workforce of 6
Amsterdam-based shipping company Spliethoff has placed an order for six multipurpose vessels (MPVs) at the Zhejiang Ouhua Shipbuilding shipyard in China which are, inter alia, aimed at operating in the offshore wind market.
Amsterdam-based shipping company Spliethoff has placed an order for six multipurpose vessels (MPVs) at the Zhejiang Ouhua Shipbuilding shipyard in China which are, inter alia, aimed at operating in the offshore wind market.
Pakistan’s distributor of petroleum products, Hascol Petroleum has set up a separate company to explore the business opportunities in the LNG sector.
Monaco-based LNG shipper GasLog said Monday it intends to offer $250 million senior secured notes due 2024. The company plans to use the net proceeds from the offering for repayment of debt and general corporate purposes, including working capital. Stifel, Nicolaus & Company, Incorporated and DNB Ma
Emas Offshore, a subsidiary of Ezra Holdings, has received a notice of charter termination for the pipelay construction vessel Lewek Champion by Hai Jiang 1401, the vessel-owning unit of ICBC Financial Leasing Co. Ltd. Both Emas Offshore and parent company Ezra said on Sunday that they received the
Klaipedos Nafta said the first LNG storage tank for its liquefied natural gas reloading facility is set to be transported to the site at its oil terminal in the Port of Klaipeda.
By Kjeld Duits The remarkable success of offshore wind development in the Netherlands has caught the attention of the Japan Wind Power Association (JWPA). The Japanese organization believes the small European country is a much better model for Japan than the far larger markets of Germany and the UK.
The LNG Blue Corridors project, four years after it started, has already surpassed a number of targets set initially.
After the Norwegian government invited oil companies to nominate blocks for the 24th licensing round in August last year, it has now proposed a total of 102 nominated blocks for public consultation. The Norwegian government said on Monday that 93 blocks are in the Barents Sea while the remaining nin
On March 8, Egypt’s Port Said East welcomed the 18,300 TEU containership Mette Maersk, which became the second Triple-E class vessel to call an Egyptian port and the first with a commercial stop at the port’s Suez Canal Container Terminal (SCCT). Owned by Danish container shipping giant Maersk Line,
By DNV GL New research by DNV GL, the technical advisor to the oil and gas industry, shows the digitalization of the sector has been increasing steadily in 2016, with significant progress in digital technologies, including artificial intelligence, automation, predictive analytics and machine-to-mach
Qatar’s Nakilat, the world’s largest liquefied natural gas (LNG) shipper, held its annual general meeting on Sunday in Doha to review last year’s results. The LNG shipping giant sees a bright future for the industry despite the current economic challenges, low oil and gas prices and overcapacity in
