Installation of wind turbines at the Nobelwind offshore wind farm in Belgium is underway and some of the works are being done during nighttime due to weather conditions. “This is a tricky time of year where every ‘good weather’ window must be optimised, which can result in night-time installations,”
Shipping and port activity in the Republic of Ireland rose by 2% in the third quarter of 2016 when compared to the corresponding period of 2015, according to the latest iShip Index by the Irish Maritime Development Office (IMDO). Four of the five principal freight segments grew in the third quarter
Over 100 more classic Panamaxes would need to be scrapped in the coming months to re-balance supply and demand, and reduce the total pool to less than 470 units, compared to 670 units four years ago, according to Alphaliner. Only such a drastic reduction could elevate rates from their current all-ti
Norwegian marine survey company Electromagnetic Geoservices ASA (EMGS) has signed a firm contract with an oil company in Malaysia. The signing of the contract follows the provisional agreement announced by EMGS on November 1. This contract extension is worth approximately $8 million. Under the deal,
Oslo-Based Höegh LNG said Thursday it is still in negotiations on securing employment for its seventh FSRU, currently under construction at South Korea’s Hyundai Heavy Industries. The floating LNG company is “making progress” on finding work for the FSRU, on schedule for delivery in March 2017, as w
Australian LNG player, Santos, signed an agreement to acquire 20 percent interest in Petroleum Prospecting License (PPL) 402 in Papua New Guinea, from both ExxonMobil and Oil Search.
New York headquartered law firm Shearman & Sterling advised OneLNG on its agreement to establish a joint operating company with Ophir Energy to develop the Fortuna FLNG project off Equatorial Guinea.
Lloyd’s Register, a global engineering, technical and business services organization, has launched a new decommissioning service, with the timing coinciding with the Offshore Decommissioning Conference 2016 held this week in the UK. Lloyd’s Register said on Wednesday that the new service would help
Oil and gas skills and workforce development organisation OPITO has today (17th November) revealed the winners of the Safety and Competency Awards 2016. According to OPITO, the awards celebrate companies across the globe which best demonstrate a commitment to building a safe and competent oil and ga
The Japanese Fair Trade Commission has reportedly launched a formal investigation into the destination clauses within the LNG supply contracts signed by the country’s LNG importers.
Cruise industry operators and representatives are gathering at a summit in Edinburgh today to discuss the potential impact of Brexit on Scotland’s cruise industry, among other issues. The summit comes as Cruise Scotland announced that an estimated 520,000 passengers disembarked at ports across Scotl
Global natural gas demand is projected to grow by 1.5 percent to 2040 with the markets, business models and pricing arrangements all in flux, according to IEA’s World Energy Outlook 2016.
Global oil and gas giant Shell has informed its employees in the finance operations office in Glasgow that it would lay them off and shut the office there. The decision follows a review of Shell’s global finance operations network, the company said. Shell said that on Wednesday morning, senior manag
U.S. LNG exports will have a “fundamental impact” on the market, however, these are still limited as only two liquefaction trains are currently in operation in the lower 48 states, Andrew Walker, Cheniere Marketing’s vice president for strategy said on Wednesday.
