Euronav Purchases VLCC Newbuilding Duo Antwerp-based tanker owner and operator Euronav NV has decided to further expand its fleet as it purchased two newbuilding resale vessels from the Greek ship operator Product Shipping and Trading SA… Read More Drewry: Idle Boxship Fleet Increases across All Shi
Tidal Energy Today has compiled the top news from tidal and wave energy industry from August 1 – 7, 2016.
Sabine Pass Train 2 produces first LNG, Genscape says The second train at Cheniere’s Sabine pass liquefaction and export plant in Louisiana has started producing liquefied natural gas, according to analytics firm Genscape, that has infrared cameras pointed at the facility. Chevron’s Wheatstone LNG p
Subsea World News has put together a recap of the most interesting articles from the previous week (August 01 – August 07). Fugro has revealed additional workforce trimming plans and disposal of its subsea services unit in efforts to align its business to current market conditions and lower activity
Popular news, August 1 – 7, 2016
Norway’s Petroleum Safety Authority (PSA) has carried out a “major accident” audit of Statoil’s Hammerfest liquefaction and export facility on Melkøya island. From 21 to 23 June, the PSA assessed “how Statoil is satisfying the regulatory requirements and its own procedures in respect of reducing the
A2SEA’s self-propelled jack-up vessel Sea Installer is currently mobilising in Liverpool and preparing for the installation of 32 MHI Vestas 8MW turbines on DONG Energy’s 252MW Burbo Bank Extension, the Danish company said. The vessel is preparing to handle the new large turbines, which will make th
Countries in the Middle East and North Africa (MENA) are leading global LNG demand growth in 2016, a trend that will continue as domestic gas output falls short of surging regional demand for power and industry, according to a report by the Arab Petroleum Investment Corp. (APICORP). By the end of 20
Marine Power Systems (MPS), a Swansea-based wave energy developer, has concluded the testing of its scaled WaveSub wave energy device at the COAST facility. The tank scale power-take-off systems tested at Plymouth University’s Coastal, Ocean and Sediment Transport (COAST) laboratory have been develo
Energy giant BP and SKKMigas, Indonesia’s upstream oil & gas regulator, signed a loan deal worth $3.74 billion with a consortium of international and Indonesian banks to fund the expansion of the BP-operated Tangguh LNG plant. The financing deal follows the decision made by BP and other partners in
Denmark’s Port of Esbjerg is currently a proverbial beehive of activity as major offshore wind turbine makers are working on a number of projects located in the North Sea and the English Channel. The photo above was taken on August 02 and gives an overview of the installation projects currently bein
The containership orderbook, measured as a percentage of the existing fleet, has fallen to its lowest level since 1999, and is expected to slide further in the near term, according to Alphaliner. Namely, the current orderbook-to-fleet ratio plunged to 17.1% from the peak of 64% recorded at the end o
By Henning Gloystein SINGAPORE (Reuters) – Oil prices fell by 1 percent on Friday as a crude and refined product glut weighed on markets and investors eyed a possible stutter in China’s imports, ending a two-day short-covering rally. U.S. West Texas Intermediate (WTI) crude futures were trading at $
Charter rates on major dry bulk shipping routes are expected to recover due to increasing trade and contracting supply, according to shipping consultancy Drewry. “Demand for coal-carrying vessels will increase in the coming quarters because Japan has decided to increase its coal-fired power generati
