Images: Maersk Drilling Maersk Drilling has shared through its social media channels several images of its latest XLE rig, the Maersk Invincible, fully jacked up at the Daewoo Shipbuilding & Marine Engineering (DSME) shipyard in Okpo, South Korea. Maersk Invincible is the final rig in a series of fo
JDR has been awarded a contract by DONG Energy to supply subsea power cables for the Hornsea Project One. With a total capacity of 1.2 gigawatts (GW), Hornsea Project One will be the first to exceed 1 GW capacity. The project is located 120 kilometers off the Yorkshire coast and will meet the electr
Shipping company Atlantic Offshore has sold its standby/supply vessel, the Ocean West, for recycling after the vessel completed its contract with Repsol Sinopec in the UK sector of the North Sea. Atlantic was awarded an ERRV contract with Repsol Sinopec, previously known as Talisman Sinopec Energy U
The Integrated Monopile Installer, developed by Royal IHC’s subsidiary, IHC IQIP, has won the Maritime Innovation Award at the 11th Maritime Awards Gala, held on October 31. The award is presented annually for a Dutch innovation from the maritime sector that meets the requirements for widespread pot
Houston-based LNG engineer KBR reported a third-quarter net loss of US$63 million compared to a $55 million profit during the same period a year earlier.
Woodlands-based Anadarko on Tuesday reported a loss of US$830 million in the third quarter of this year, as compared to a loss of $2.24 billion in the same period a year ago. On a per-share basis, the company booked a loss of $1.61 compared with a loss of $4.41. The company has slashed its 2016 [&he
Liquefied Natural Gas (LNG) carriers in Panama Canal’s anchorage areas are now permitted to receive bunkers only within the Explosives Area of the Pacific Anchorage on a space-available basis, after coordination with Panama Canal Authority’s (ACP) Flamenco Signal Station, the ACP said. The permissio
UK-based energy giant and LNG player, BP reported a 49 percent drop in its third-quarter profit due to lower oil and gas prices and refining margins. The company made $933 million on an underlying replacement cost basis, compared with $1.8 billion in the same quarter the year before. The Brent oil p
Sweden’s Ports of Stockholm welcomed 230 cruise ships carrying around 490,000 passengers during the April – October cruise season. In addition, the port said that the number of turnarounds reached a record high with 57 vessels beginning and/or ending their cruises in Stockholm. In October, the Ports
The Panama Authority (ACP) has reversed its decision to prohibit LNG carrier to bunker fuel while at anchorages of the Panama Canal.
From summer 2019, A2SEA will be installing 102 Siemens 7MW turbines at the East Anglia ONE offshore wind site, situated approximately 45 kilometres off the Suffolk Coast in the southern North Sea. A2SEA, which signed the turbine installation contract today, will deploy its offshore wind installation
Hague-based LNG giant Shell on Tuesday said its third-quarter profit rose 18 percent on year, boosted by the multi-billion takeover of BG Group earlier this year. Shell’s third quarter earnings on a current cost of supplies (CCS) basis were at $2.8 billion compared with $2.4 billion for the third qu
A recently formed subsea services business based in Aberdeen and Houston, M² Subsea Limited, has secured an injection of private equity investment to acquire a fleet of 32 remotely operated vehicles (ROVs). The company said on Tuesday that it attracted the investment from a fund advised by Alchemy S
Independent Oil and Gas (IOG) has decided not to complete the acquisition of the Cronx license located in the Southern North Sea claiming that would not be “an optimal use” of the company’s funds. IOG said on Tuesday it has received initial results from new interpretations of 3D seismic data coverin
