Libya’s National Oil Corporation (NOC) on August 7 called on rival armed groups to avoid destroying the oil port of Zueitina. The Petroleum Facilities Guards (PFG) and the Government of National Accord (GNA) inked a deal in July this year to reopen the country’s three oil ports, Ras Lanuf, Zueitina,
Singapore’s Keppel Offshore & Marine is set to deliver an anchor handling tug to its client Seaways International. According to Keppel, the vessel was named Seaways 24 at a ceremony held on Monday, August 8. The ceremony was held at the Keppel Singmarine’s yard. Keppel Singmarine, which built the Se
Bermuda-based tanker owner Nordic American Tankers (NAT) has seen its operating cash flow drop to USD 40.7 million in the second quarter of 2016 from an operating cash flow of USD 54.5 million reported in the same quarter a year earlier. The company said that the second quarter of the year showed “s
Fluxys-operated Zeebrugge LNG terminal in Belgium is set to re-export a cargo of chilled gas aboard the 160,000 cbm Golar Seal LNG carrier. The 2013-built LNG vessel, owned by Golar LNG, is scheduled to dock at the Zeebrugge terminal’s jetty on August 12. Following the loading of previously imported
From the air to the sea, Mooloolaba and Maroochydore beaches are this week in the sights of University of the Sunshine Coast researchers working in collaboration with Sunshine Coast Council on a project to map the ocean floor to improve coastal zone management. Lecturer in Physical Geography, Dr Jav
There is a general consensus amongst industry analysts that the oil oversupply creating the current market downturn will narrow by the end of 2016, Douglas-Westwood, an energy intelligence group, said in its DW Monday report. However, DW said, it is highly likely that the oversupply will increase on
Owner and operator of LNG carriers GasLog Partners has collected some USD 53.2 million through its public offering of 2.75 million common units. The public offering price was USD 19.50 per common unit. GasLog Partners said that the net proceeds, which were collected from the offering, after deductin
The Malaviya Seven offshore support vessel, detained in UK in June over ‘slave-like’ conditions aboard, has reportedly been released. To remind, the Indian-flagged vessel, with Indian crew, had been detained since June 15, after the authorities in Aberdeen, Scotland, seized the vessel upon the disco
Siem Offshore’s recent additions to the fleet, the installation support vessel Siem Moxie and the cable lay vessel Siem Aimery, are expected to install all of the 59 inter-array grid cables for the 332MW Nordsee One offshore wind farm by the end of August. Siem Offshore Contractors GmbH (SOC), a who
Siem Offshore’s recent additions to the fleet, the installation support vessel Siem Moxie and the cable lay vessel Siem Aimery, are expected to install all of the 59 inter-array grid cables for the 332MW Nordsee One offshore wind farm by the end of August. Siem Offshore Contractors GmbH (SOC), a who
Samantha Quinn has joined the Oregon-based Northwest National Marine Renewable Energy Center (NNMREC) as the Operations Manager.
Italian oil and gas company Eni has reportedly sold a multi-billion dollar stake in its planned Mozambique LNG development to U.S.-based energy giant ExxonMobil. Reuters reported on Friday, citing sources close to the matter, that the deal is completed but it will not be announced for several months
Proserv has formed a strategic partnership with KLAW Products to offer an enhanced field safety service preventing offshore spills in the Middle East. The agreement will see Proserv offering KLAW’s products across the region while also delivering in-country technical support. KLAW Products supplies
Hong Kong-based Orient Overseas (International) Limited, a parent company of Orient Overseas Container Line (OOCL), reported its net loss at USD 56.6 million for the first half of 2016, compared to a net profit of USD 238.6 million seen in the same period a year earlier. OOIL’s revenue for the first
