Norway-based floating LNG giant Höegh LNG posted a profit of $0.8 million in the fourth quarter of last year after recording a loss of $33 million in the same quarter a year before. Compared to the quarter before, Höegh LNG’s net profit was lower for $2.5 million. In its report issued on Tuesday, Hö
Dynagas LNG Partners, a partnership formed by Dynagas, reported an adjusted net income of US$17.3 million for the fourth quarter, 15 percent up on the corresponding quarter in 2015.
The Australian Petroleum Production & Exploration Association (APPEA) are calling for increased gas supply and gas suppliers to mitigate supply shortfall expected in 2019.
Offshore vessel owner DOF has sold one of its platform supply vessels (PSVs) to an unnamed buyer. DOF said on Tuesday that the 2001-built vessel Skandi Waveney would be sold to a company outside Norway and not engaged in the offshore oil service industry. According to the company, delivery is expect
The Ministry of Mines and Hydrocarbons of Equatorial Guinea has extended the official closing date of the EG Ronda Licensing Round to April 28, 2017. The Government of Equatorial Guinea said on Monday that, in response to a wave of new exploration interest, it wants to give companies more time to pa
ABS has expanded its subsea services team to deliver specialized validation and verification services for subsea systems, including subsea hardware, flowlines, umbilicals, and risers. These services include design review, inspection of physical components and regulatory services using performance da
Global ordering activity has fallen to 26-year low in January 2017, shipbuilding data from Maritime & Trade by IHS Markit show. Specifically, demand for bulk carriers and gas carriers has plummeted as there were no booked orders in January. The appetite of shipowners for tankers over 10,000 dwt has
Total is in talks to buy a multi-billion dollar stake in Iran’s partly-built liquefied natural gas (LNG) export facility, Iran LNG, seeking to unlock vast gas reserves.
With the improved safety at sea, total vessel losses seem to be on a downward trajectory. 2016 marked the fewest number of ship losses on record although the world fleet reached its greatest ever size, Clarksons Research said. In 2016, reported losses reached a historically low level of 54 vessels a
US LNG export player Cheniere said its Sabine Pass Liquefaction unit plans to offer US$1.35 billion senior notes due 2028.
Poland’s Energomontaż-Północ Gdynia (EPG) has loaded and shipped out 26 out of 30 external platforms ordered by Bladt Industries for the 385MW Arkona offshore wind farm. Ten platforms with a total weight 240 tonnes were loaded onto Rix Pacific from EPG’s premises in Gdynia as part of the latest ship
Poland’s Energomontaż-Północ Gdynia (EPG) has loaded and shipped out 26 out of 30 external platforms ordered by Bladt Industries for the 385MW Arkona offshore wind farm. Ten platforms with a total weight 240 tonnes were loaded onto Rix Pacific from EPG’s premises in Gdynia as part of the latest ship
Twelve crew members of the Indian-owned and -flagged Malaviya 20 offshore support vessel, which has been detained in the UK for months, have finally been paid. The crew of the sister vessel Malaviya 7, however, has yet to be paid. According to a statement by the ITF, which has helped the Indian crew
Norwegian vessel owner Eidesvik has signed a Memorandum of Agreement (MoA) to sell Viking Poseidon vessel to an unnamed client. The deposit has been lodged and the delivery of the vessel is planned to take place mid-March 2017, Eidesvik said. The 130 meters long offshore construction vessel is capab
