A Liberian flagged cargo vessel identified as APL Austria has suffered a major fire offshore South Africa, the South African Maritime Safety Authority (SAMSA) said on Monday. The fire broke out on Sunday afternoon while the containership with 21 crew onboard was 30 nautical miles South-West of Cape
The UK-based Coda Octopus informed that the Dutch company Van Oord has completed ground improvement project for Kuwait National Petroleum Company’s (KNPC) site for the oil refining plant and an LNG import terminal.
The installation of foundations at the Galloper offshore wind farm is halfway to completion with 28 of the total 56 foundations now installed.
Heavy lift vessel (HLV) contractors have faced a challenging market in recent years as the low oil price environment combined with a shift towards subsea installation and deepwater activity has seen fixed platform installations decline globally, Douglas-Westwood said in its DW Monday report. Accordi
Petronet LNG, India’s largest importer of the chilled fuel, on Monday reported a 132.5 percent increase in its quarterly net profit, boosted by higher regasification volumes at its Dahej terminal. The LNG importer said its net profit rose more than two times to 3.97 billion rupees ($59.3m) in the De
Ocean Yield has terminated a bareboat charter with EMAS Chiyoda Subsea (ECS) for the Lewek Connector vessel, following a request by ECS for a short-term standstill agreement. Ocean Yield said that it served a notice of termination in order to protect the company’s legal interest. The company will ho
Seadrill Partners has secured a contract for one of its offshore drilling rigs with Statoil. According to the driller, the contract is for two wells plus a two well option for the West Aquarius rig with Statoil, offshore eastern Canada. The contract is expected to start in the second quarter of 2017
Adriatic LNG, the company that operates the regasification terminal off the Veneto coastline is relocating its shore base in Porto Viro.
Following a request by EMAS AMC for a short- term standstill agreement for the bareboat charter of the Lewek Connector, the vessel owner, Ocean Yield, has terminated the charter. On December 16, 2016, EMAS Chiyoda Subsea Group requested the standstill agreement relating to the bareboat charter of th
As an estimated 5 trillion pieces of plastic garbage are currently polluting ocean habitats, the international shipping exhibition and conference Nor-Shipping argued that it is time for innovation to clean up. As this problem will not simply take care of itself, people need to look at innovative way
Lundin Petroleum has made an oil and gas discovery in the main well 7219/12-1 and is presently drilling a sidetrack 7219/12-1A on the Filicudi prospect in the Barents Sea. The wells are located in PL533 approximately 40 km southwest of Johan Castberg and 30 km northwest of the Alta and Gohta discove
A troublesome outlook for heavy lift vessels within the market for topside and jacket installation, prompted by challenging market in recent years, has led contractors to seek out opportunities in less traditional markets. Two such bright spots are offshore wind and decommissioning, according to Dou
The Government of Sri Lanka has invited oil companies for expressions of interest to partner in the appraisal and development of gas discoveries in the M2 offshore block in the Mannar Basin. The country’s Ministry of Petroleum Resources Development said that the 2,924-square kilometer offshore block
Singapore’s Vallianz has reported a net profit of $3.1 million for the three months ended December 31, 2016, a drop from $4.7 million a year earlier. Revenue for the quarter was $41.4 million, around 12 percent down $47 million recorded in the fourth quarer of 2015. The offshore vessel owner, doing
