Singapore has made plans to provide financial support for the country’s marine and offshore engineering companies amid weak oil prices. Singapore’s Ministry of Trade and Industry announced on Friday the enhancement to IE Singapore’s Internationalisation Finance Scheme (IFS) and the re-introduction o
Container Terminal Burchardkai (CTB) at the Port of Hamburg, Germany, is introducing a new production and shift pattern model to prepare for the arrival of the first 20,000 TEU vessels scheduled for spring 2017. To be implemented from January 15, 2017, the new model is expected to improve ship handl
The Society of International Gas Tanker and Terminal Operators (SIGTTO) has been appointed David Furnival of Bernhard Schulte Ship Management as the society’s new president.
LNG-engineer Technip and Houston-based FMC Technologies on Thursday revealed their respective designees to the board of directors of the combined company, TechnipFMC. Earlier this year the two companies agreed to combine into one company named TechnipFMC, with each company’s shareholders owning clos
Nautilus Minerals, the company behind Solwara 1 subsea mining project, informed that the thruster rooms have been lifted into position on the project’s production support vessel (PSV). The PSV is to be used by Nautilus and its Papua New Guinea partner, Eda Kopa (Solwara) Limited, as the base for its
The Board of the Australian Petroleum Production & Exploration Association said it has re-elected Bruce Lake as chairman and Richard Owen as vice chairman following its Annual General Meeting in Perth on Thursday.
Energy World Corp, the developer of LNG projects in the Philippines and Indonesia, said its shareholders voted to re-elect Ian Jordan as the company’s executive director based in Australia. Energy World’s annual general meeting of shareholders held in Sydney on Thursday also re-elected Michael O’Nei
The Norwegian Oil and Gas Association (Norsk olje og gass), an employers’ organization for oil and supplier companies, has elected Kristin Færøvik as its new chairman. According to the association, Færøvik succeeds Norske Shell’s Tor Arnesen. Færøvik said she cannot wait to take over the role as the
Students and researchers from the Norwegian University of Science and Technology (NTNU) were given the opportunity to test their Dynamic Positioning (DP) algorithms in a full-scale setting. The trials took place in the Trondheimsfjord aboard the RV ‘Gunnerus’, the NTNU-owned research and education v
Liquefied natural gas (LNG) imports into Taiwan, the world’s fifth largest importer, rose 12.6 percent in September year-on-year, according to the data released by the Directorate General of Customs. Taiwan imported 1.26 million mt of LNG in September, as compared to 1.12 million in the same month i
The state-owned Pakistan LNG’s tender seeking 240 cargoes of liquefied natural gas in total has attracted a lot of attention from suppliers struggling to sell cargoes in an oversupplied market.
Navantia started welding together the first blocks for the first Hywind Scotland floating foundation at the assembly area of its Fene yard in Spain. Each of the five spar-type floating foundations will be made of five blocks, and Navantia currently has around 15 blocks in different fabrication stage
Navantia started welding together the first blocks for the first Hywind Scotland floating foundation at the assembly area of its Fene yard in Spain. Each of the five spar-type floating foundations will be made of five blocks, and Navantia currently has around 15 blocks in different fabrication stage
Faroese oil company Atlantic Petroleum is looking at options for the Orlando field in the UK sector of the North Sea after a deal to sell its stake to Bridge Petroleum fell through last Thursday. Earlier this year, Atlantic Petroleum entered into a sale and purchase agreement with Bridge Petroleum f
