UK-based energy services company Wood Group has made an offer to acquire its compatriot consultancy, engineering and project management company, Amec Foster Wheeler. The two companies said on Monday they have agreed the terms of a recommended all-share offer by Wood Group to acquire the entire issue
General cargo vessel Banga Barta has been arrested in Singapore waters, according to data provided by Supreme Court of Singapore. The 7,900 dwt ship, owned by Bangladesh-based HRC Shipping, was detained for undisclosed reasons in the evening hours of March 9. Focal Investigation & Security Agency ha
Subsea engineering, construction and services company Subsea 7 has announced the acquisition from K&S Baltic Offshore of its 50% shareholding in Seaway Heavy Lifting. In addition to 50% interest already owned by Subsea 7, the company made an offer to acquire the other half in Seaway Heavy Lifting, a
TGS, a marine seismic data acquisition specialist, will begin a new multi-client acquisition project in the Barents Sea soon. TGS said on Monday that the project, named Carlsen 3D (CAR17 3D), is a 5,490-square kilometer multi-client survey in open acreage located in the Southwest Barents Sea between
The Hague-based LNG giant Shell said on Friday it is ending development of the proposed Prince Rupert liquefied natural gas export project in Canada’s British Columbia. BG International Limited, a member of the Shell Group, confirmed in a statement that the company would discontinue development of t
Efficient ships are inherently more sustainable. As such, to reach sustainability targets, the maritime industry is putting a lot of effort into improving efficiency. From ship design, construction to operational activities and mid-life retrofits – there are numerous occasions when the subject of ef
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Chevron says expects first LNG from Gorgon Train 3 in March US-based energy giant Chevron expects to produce first liquefied natural gas (LNG) from the third liquefaction train of its giant Gorgon facility in Western Australia by the end of this month. CSDC, Golar LNG agree sale and leaseback of Gol
A fire broke out on board the Turkish-flagged tanker Izmail 2 on Tuesday evening, March 7 while the ship was at Hereke Demir anchorage. Once informed of the incident the Turkish Coast Guard sent lifeboat Kıyem 2 and Söndüren 7 tug to the scene to put out the fire. The three crew members of the stric
The International Association of Dry Cargo Shipowners (Intercargo) expressed concerns about the practical problems faced by its members when retrofitting the existing dry bulk ships with ballast water management (BWM) systems ahead of the International Maritime Organization (IMO) BWM Convention’s en
U.S. shipbuilding company VT Halter Marine (VTH) has decided to take action against Ezra Holdings, a guarantor for EMAS Chiyoda Subsea in a loan agreement with VTH. Following a civil action lawsuit in late February by VT Halter Marine against Emas Chiyoda Subsea over a $3.3 million debt guaranteed b
US LNG player Tellurian contracted SG Americas Securities, a unit of Société Générale to provide financial strategy and planning for the development and financing of the proposed Driftwood LNG project.
South Korea’s Kogas, the world’s second-largest corporate buyer of LNG, reported a 3 percent increase in its February gas sales when compared to the same month a year ago. Kogas said in a statement on Friday it sold 3.59 million mt of LNG equivalent in February, as compared to 3.49 million mt in the
Although the total number of piracy and armed robbery incidents dropped in February 2017, crew abduction occurrences continued in the Sulu-Celebes Sea and waters off eastern Sabah, Asian piracy watchdog ReCAAP ISC informs. A total of four incidents against ships were reported in Asia in February 201
