Ultra Deep Solutions has held a steel cutting ceremony for its diving support and construction vessel ‘Deep Installer’. The vessel, being built by China Merchants Heavy Industry shipyard, is scheduled for delivery in Q4 2018. Deep Installer will be Canadian Flagged. It is based on the “Red Class 602
Every superyacht is unique in its own way, but some are more unique than others. One of the most unique superyachts sailing around is Legend, which has a history, capabilities, sailing grounds and purpose which are all very different from any other yacht. Charter business Motor yacht Legend is owned
Qatar’s Nakilat, the world’s largest LNG shipper, said its net profit for the year 2016 dropped 3 percent compared to the previous year.
India’s imports of liquefied natural gas (LNG) dropped 14.7 percent in January as compared to the same month a year ago. This is the third monthly LNG import decline since April 2016. India’s monthly LNG imports were down in July and December, respectively. India imported 1.64 billion cubic meters o
By Lloyd’s Register Life before decommissioning Moving to late-field life is a tough decision to take for any operator, but it can mean more than entering ‘lighthouse mode’ to delay decommissioning liabilities. Radically leaner models of working, coupled with rigorous asset management, will help at
The European Community Shipowners’ Associations (ECSA) has criticized European port and freight forwarder associations which voiced their support of the European Parliament’s position to include shipping in the EU Emission Trading Scheme as of 2023. In mid-February, a majority of Members of the Euro
The Hague-based LNG giant Shell on Monday launched its first” LNG Outlook”, an assessment of the global liquefied natural gas (LNG) market. According to the outlook, global demand for gas is expected to increase by 2% a year between 2015 and 2030 while LNG demand is set to rise at twice that rate at
Brazil and Tanzania are two countries at very different stages of oil and gas development, Douglas-Westwood said in its DW Monday report. Brazil is a well-established powerhouse, reeling from a recent corruption scandal, while Tanzania is at the early stage of development after a series of promising
US-based energy giant Chevron, has paid A$3 million (Approx: US$2.3 million) for a cash bid permit to secure the right to explore an area off the Western Australian coast for the next six years.
South Korea’s Kogas, the world’s second-largest corporate LNG buyer, on Monday signed a cooperation agreement with Posco Daewoo Corp. Under the memorandum of understanding, the two companies will form a joint committee which will explore new businesses overseas and develop technological capacities.
Japan’s Inpex has shared a time-lapse video of its giant central processing platform ‘coming to life’. The platform, being built in South Korea by Samsung Heavy Industries, will be deployed at Inpex’s Ichthys offshore gas field in Western Australian waters. The central processing platform was named
By Britta Rollert, Director Marketing and Communication, Fraunhofer IWES Before the market launch of newly developed or modified prototypes for offshore applications, the need for extensive tests and feedback from experience gathered in the field is essential. Testing is an opportunity to improve th
The first of 70 Adwen 5MW turbines has been successfully installed at the Wikinger offshore wind farm, Iberdrola’s 350MW project in the German Baltic Sea.
Energy conglomerate and the world’s largest LNG company, Shell has voiced its concerns regarding Australia’s proposed oil and gas tax change. Australia, that is set to become the world’s largest LNG exporter, announced in November last year that it would review its petroleum taxes amid a plunge in o
