Maersk Supply Service has sold additional two vessels as the next step in the company’s plan to shed 20 vessels over the next year and a half. To remind, Maersk Supply Service’s announced its plan to cut its fleet of vessels and more than 400 jobs in the process back in August. According to VesselsV
Offshore oil and gas decommissioning in the UK and Norway is slated for a gradual but steady growth over the next decade, Oil and Gas UK, a body representing UK’s offshore oil and gas, industry said on Tuesday. Oil and gas UK has released report “Decommissioning Insight 2016,” which it says is the f
Hague-based energy giant Shell, that is currently constructing the world’s largest floating LNG producer, Prelude FLNG, may consider building another unit of that size – depending on the market, Marjan van Loon, Shell’s top executive in the Netherlands said on Tuesday.
Oil major BP will propose that global consulting agency Deloitte be appointed as the company’s auditor for the financial year 2018 to its shareholders at BP’s 2018 Annual General Meeting. BP said on Tuesday that this decision was taken following a competitive audit tender. In BP’s 2013 annual report
In today’s spotted, we bring you images of the Esshu Maru, a liquefied natural gas (LNG) tanker, transiting the Cocoli Locks of the Expanded Panama Canal on November 13, 2016. Owned by Japanese shipping company Transpacific Shipping 2, a joint venture of Mitsui O.S.K. Lines (MOL), Mitsubishi Corpora
Total gas sales by Japan’s Tokyo Gas reached 1,146.425 million cubic meters in October, 6.9 percent up compared to the same month in 2015.
Norwegian offshore vessel owner Island Offshore has decided to stop amortization payments, citing tough market conditions. The company has said the move is a part of the company’s strategy to address its long-term financing structure with the aim of restructuring its balance sheet. “The Group has, a
The Center for Liquefied Natural Gas on Tuesday called for the expedited passage of an energy bill containing certain LNG provisions.
Australian shipbuilder Austal has delivered its second high-speed crew transfer vessel this year, to Swire Pacific Offshore (SPO). The 57.6-meter, all-aluminium catamaran was designed by Incat Crowther and constructed by Austal’s shipyard in the Philippines. It is the fourth offshore crew transfer v
Dynagas LNG Partners, a partnership formed by Dynagas, reported an adjusted net income of US$19.1 million for the third quarter, 19.1 percent up on the $16 million in the corresponding period of 2015.
French oilfield services provider Technip has named its latest newbuild, the diving support vessel (DSV) Deep Explorer, at Vard’s Langsten shipyard in Norway. Technip said on Tuesday that the vessel was officially named on Saturday, November 12, by Heidi Brovoll-Bø, wife of Knut Bø, President of Tec
A study of oil and gas workforce, conducted by Rigzone, has revealed which operators and service companies are rated highest by oil and gas professionals based on key issues including values, performance and pay rates. According to the study Shell, Chevron, ExxonMobil, BP and Halliburton make up the
Australian oil and gas company Woodside has completed the acquisition of half of BHP Billiton’s Scarborough area assets in the Carnarvon Basin, located offshore Western Australia. The acquisition has completed successfully for a purchase price of $250 million and a contingent payment of $150 million
The end of one of the worst downturns in the history of oil and gas may be in sight, as OPEC’s November meeting looms large – bringing with it fresh hopes of a production cut and consequent market rebalancing said Douglas-Westwood, an energy intelligence group, in its DW Monday report. In this conte
