Oil and gas services firm Motive Offshore Group has made a six-figure investment in a quayside fabrication facility in Dundee Port, Scotland. Motive said it launched Motive Fabrication in Dundee after negotiating a takeover of a deepwater quayside facility with a 12,000 square feet workshop and a 2,
U.S. Coast Guard crews have begun salvage efforts to salvage a ship which ran aground near the Cameron Jetties, offshore Louisiana. The Coast Guard said on Wednesday that the Vessel Traffic Service at Port Arthur overheard that the 120-foot offshore supply vessel Miss Lynda, had run aground. Coast G
Crowley Maritime and Eagle LNG Partners began construction of the LNG facility at Jaxport’s Talleyrand marine terminal in Jacksonville.
Following Wednesday’s announcement by the UK chancellor Philip Hammond that a review of North Sea tax rules would be open to provide further support for the oil and gas producers, the industry has reacted with an overwhelming support. In his Spring Budget 2017 speech on Wednesday, the chancellor emp
By Jane Chung SEOUL (Reuters) – Oil prices climbed on Thursday after sharp losses the session before, buoyed by strong compliance with touted international production cuts, although a surge in U.S. crude inventories continued to drag. The Organization of the Petroleum Exporting Countries (OPEC) and
London-based Ophir Energy on Thursday said it still expects to make a final investment decision on its Fortuna FLNG project in Equatorial Guinea in mid-2017.
Despite what you may have heard, conventional oil and gas exploration is not dead, and on the contrary, this might even be the perfect time for the exploration players to invest. This was a main takeaway from a session titled „The future of exploration,“ held during the CERAWeek by IHS Markit on Wed
The suspected cause of the fire on board the Liberian cargo vessel APL Austria is a chemical known as “calcium hypochlorite”, the South African Maritime Safety Authority (SAMSA) said citing preliminary investigation findings. The chemical was found stowed under deck in No.4 cargo hold, where the fir
SEALNG, the industry coalition promoting the adoption of LNG as a marine fuel signed a memorandum of understanding for cooperation with the Society for Gas as a Marine Fuel (SGMF).
UK-based energy giant and LNG player BP will shut down the second liquefaction train at the Tangguh LNG plant in Indonesia for two months.
Chevron-led 5.2 million tons per year Angola LNG plant in Soyo is set to get new supply of feed gas as the company’s unit, Cabinda Gulf Oil Company began producing oil and gas at the Mafumeira Sul project offshore Angola.
Statoil has been hit by another offshore incident, this time on its Gullfaks B platform located off Norway, prompting an investigation by the country’s offshore safety body. The Petroleum Safety Authority (PSA) informed on Wednesday that an investigation has been launched into a “lifting incident in
The Baltic Dry Index (BDI) has surged on Tuesday, March 7 to a new twelve-week high of 1,033 points, up by 54 points when compared to last week. The rise has been driven by an increase in rates across the sector, but spurred primarily by Capesizes. Specifically, the Capesize index jumped by 211 poin
Global Marine Systems has added the multi-role subsea construction, installation and trenching vessel CS Recorder to its fleet of vessels. Built in 2000, the vessel, formerly known as the Maersk Recorder, has previously been chartered by Global Marine for numerous cable installation projects. The ne
