By Osamu Tsukimori TOKYO (Reuters) – Oil prices erased early losses to trade higher on Wednesday partly due to a weaker dollar, but gains were limited as market participants remained sceptical producers would reach an agreement to freeze output to rein in a global supply glut. London Brent crude for
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal said Friday that sales revenues from the import facility edged up 1.9 percent in August.
A proposal has been prepared by the oil services company Wood Group and two UK’s unions in a bid to end a dispute over cuts in pay and allowances for offshore workers on Shell’s North Sea platforms. Following the 24-hour and 48-hour strike actions on Shell’s platforms in late July and early August,
The U.S. House of Representatives passed H.R. 5577, or better known as the ‘Innovation in Offshore Leasing Act,’ by voice vote. The bill passed on Tuesday, introduced by Representatives Garret Graves from Louisiana and Alan Lowenthal from California, provides the Interior Secretary Sally Jewell with
Nominations have opened for the 2017 Subsea UK Awards, which seek to recognize companies and individuals who are leading the way in Britain’s £9 billion subsea sector. Entries are being sought for the best subsea company of the year (large and small), the most promising young person in the sector, t
Nominations have opened for the 2017 Subsea UK Awards which, in its 11th year, seek to recognize companies and individuals in UK’s £9 billion ($12 billion) subsea sector. Subsea UK said on Wednesday that awards will be divided into seven categories: Company of the Year (Large and small), Innovation
Flowline Specialists has been presented with Queen’s Award for Enterprise in International Trade. The Oldmeldrum-based company was presented with the accolade by the Lord Lieutenant of Aberdeenshire, James Ingleby, when he visited the company’s premises. During his visit, Ingleby received a tour of
LNG exports from the three liquefaction plants located on Curtis Island off Gladstone reached a record high level in August, according to the data from the Gladstone Ports Corporation. Australia Pacific LNG, Queensland Curtis LNG and Santos GLNG exported 23 cargoes or 1.51 million mt of the chilled
In late September 2016, the port of Rotterdam will be added to South Africa Europe Container Service (SAECS), becoming the port with the shortest transit times to South Africa. The upgraded service will make Rotterdam both the first and last port of call on this route and will shorten the service’s
Australian maritime workers’ unions have won a legal battle against the determination made by Ministry for Immigration and Border Protection in 2015 negating certain visa requirements for non-citizens engaged in the offshore resources industry. The unions saw the minister’s move as an attack on loca
Following today’s decision by the Secretary of State for Business, Energy and Industrial Strategy, Greg Clark, to grant consent for the electrical infrastructure for Triton Knoll offshore wind farm, RenewableUK highlighted the potential for job creation throughout the UK. The Triton Knoll offshore w
Siem Offshore Contractors has completed the installation of Nordsee One inter-array cables three weeks ahead of schedule, with all inter-array cables now installed, terminated, trenched and tested. The company used its cable-laying vessel Siem Aimery and the installation support vessel Siem Moxie, t
Siem Offshore Contractors has completed the installation of Nordsee One inter-array cables three weeks ahead of schedule, with all inter-array cables now installed, terminated, trenched and tested. The company used its cable-laying vessel Siem Aimery and the installation support vessel Siem Moxie, t
A tanker fire which started in the early morning hours on September 6 has temporarily closed the Houston Ship Channel, according to the United States Coast Guard. Around midnight, a pilot aboard the 810-foot tanker, Aframax River, notified Coast Guard Sector Houston-Galveston watchstanders that the
