U.S. energy major Noble Energy has said it has made progress towards the sanctioning of the giant Leviathan gas field, offshore Israel. However, the field might now be sanctioned early in 2017, instead of the previously expected fourth quarter of 2016 Final Investment Decision date. The company, whi
Centre for Arctic Gas Hydrate, Environment and Climate (CAGE) scientists have recently retrieved two K-Lander seabed observatories, deployed in collaboration with Kongsberg Maritime offshore Svalbard in 2015. Since the recovery of the CAGE sensor platforms, an innovative effort has been undertaken t
Danish drilling contractor Maersk Drilling on Thursday reported an increase in its third quarter 2016 profit owing to an early contract termination fee for one of its drillships as well as operational performance and cost savings. Maersk Drilling delivered a profit of $340 million in the third quart
The recently announced merger of the container shipping businesses of Japan’s three major shipping companies has no immediate impact on Mitsui O.S.K. Lines’ Ba1 rating and negative outlook, according to ratings agency Moody’s Japan K.K. Moody’s expects the integration of the three businesses could p
Electromagnetic Geoservices ASA (EMGS) recorded revenues of USD 4.5 million in the third quarter 2016, down from USD 16.3 million in the third quarter 2015. The company reported loss of USD 11.1 million compared to USD 25.4 million in the third quarter 2015. Contract sales totaled USD 0.5 million, w
The Port of Longview has just announced that they are preparing for long-overdue dredging to remove years’ worth of accumulated sediment. The Willow Grove Boat Launch will be closed for a brief period of time to perform the dredging and dock maintenance between the dates of November 15th – December
Shipping consultancy Drewry believes that demand for LNG vessels in the long term could come under pressure if Asian buyers continue diverting contracted supply from the US to Europe and Latin America.
Oil giant Shell is gearing up to start its drilling program covering two wells in Block 1 and 4, located in the Mafia Deep basin, offshore Tanzania. Shell is the operator of these two blocks with 60% interest and Ophir Energy is its partner with 20% stake. The remaining 20% stake is held by Pavilion
The demand for liquefied natural gas (LNG) vessels in the long term could be reduced if Asian buyers continue to divert their contracted supply from the US towards Europe and Latin America, according to shipping consultancy Drewry. Due to the expansion in US LNG supply, Drewry has been maintaining a
Bermuda-headquartered tanker owner and operator Ardmore Shipping Corporation has taken delivery of the fourth and fifth of the six Eco tankers acquired in June this year. The two vessels, the Ardmore Engineer and the Ardmore Encounter, joined the company’s fleet on September 12 and 29, respectively.
Krasnoye Sormovo shipyard–part of United Shipbuilding Corporation–has started sea trails for the third 1000m³ trailing suction hopper dredger Kadosh, which is being built for FSUE Rosmorport. The Kadosh, launched on October 5th, left for sea trials on Tuesday, November 1, 2016. Upon completion of th
Bermuda-based Teekay LNG Partners, one of the world’s largest owners and operators of LNG carriers, said its adjusted net income for the third quarter 2016 reached US$32.1 million.
Offshore driller Transocean posted lower profit and revenues for the third quarter 2016 compared to prior-year quarter impacted by asset impairments and restructuring charges as well as expenses related to the grounding of the Transocean Winner drilling rig. Transocean reported net income attributab
Members of the OCEAN Alliance have signed the Day One Product document, setting out the proposed network, including port rotation for each service loop. Under the agreement, the French shipping company CMA CGM, China’s COSCO Container Lines, Hong Kong-based Orient Overseas Container Line (OOCL) and
