By: David Carter Shinn Deferring deliveries of newbuild rigs has become the trend over the past two years. Shipyards are now sitting with huge outstanding payments which are out of proportion to current asset values. Not long ago, when S-curves were monitored 24/7, the biggest concern for owners of
Chart Ferox shipped three of five LNG storage tanks for the liquefied natural gas reloading station being developed at the port of Klaipeda by Klaipedos Nafta.
Norway’s Farstad Shipping has secured charter deals for several of its offshore vessels. The company, soon to be part of the Solstad Farstad company after a recent merger deal, said on Monday it had found work for six of its vessels, of which five platform suppliers and one anchor handler. The Far S
Doha-based Qatar Navigation (Milaha) reported a 35 percent drop in its net profit for the year 2016.
Norwegian seismic player GC Rieber Shipping has posted the loss of continuing operations in fourth quarter of NOK 170.3 million, compared with a loss of NOK 110.0 million in the corresponding period 2015. Converted to U.S. dollars – today’s values – loss from continuing operations came at $20.35 mil
The U.S. Bureau of Ocean Energy Management (BOEM) has unveiled plans to offer 1.09 million acres in the Cook Inlet offshore Alaska in a proposed lease sale this year. BOEM said Friday that the Cook Inlet Oil & Gas Lease Sale 244, scheduled to take place in June 2017, would offer 224 blocks toward th
Jan De Nul’s new multi-purpose vessel ‘Adhémar de Saint-Venant’ has been launched from AVIC shipyard in Weihai, China. The second multi-purpose vessel, the Daniel Bernoulli, is set for launch in March 2017. Several different equipment sets can be installed on the vessels, which will provide them wit
Hiranandani Energy (H-Energy) has started the construction of a jetty for its FSRU project at the Jaigarh Port in Maharashtra on the West Coast of India.
By Lamine Chikhi ALGIERS (Reuters) – Algeria’s Sonatrach wants to start offshore oil drilling and has begun discussions with U.S. operators Exxon Mobil Corp <XOM.N> and Anadarko <APC.N> as well as Italy’s Eni <ENI.MI>, a source at the state energy company told Reuters on Sunday. The North African OP
US-based energy giant Chevron has restarted production at the second liquefaction train of its giant Gorgon LNG facility in Western Australia. The company said last Friday that Gorgon Train Two production had been suspended temporarily to undertake “minor maintenance.” “Train Two production resumed
State-owned Qatar Petroleum on Sunday announced a plan to integrate activities of its two petrochemical units as it aims to trim domestic costs and expand internationally. This move also follows the Qatari company’s decision to integrate its two liquefied natural gas (LNG) units, Qatargas RasGas. Qa
GeoSea has appointed Con4Mare to provide marine warranty survey services for the 396MW Merkur offshore wind farm (formerly known as MEG I), located 45km north of Borkum, Germany, in the North Sea.
The Spanish Council of Ministers approved a royal decree on the port system reform on February 24. As a result, the country’s dockworkers plan to stage new strikes, starting from March 6. The new law, which is in line with the requirements of the European Union, will enable ports to hire non-unioniz
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