New Zealand’s Ports of Auckland Limited (POAL) and Napier Port plan to enter into a strategic alliance in an effort to optimize freight services and achieve further improvements in the supply chain. The partnership is expected to prompt greater competitive contestability and resilience in New Zealan
A U.S. appeals court has affirmed a judgement worth almost half a billion dollars won by the American engineering, procurement and construction company KBR against Mexico’s state-owned oil company Pemex. KBR informed on Tuesday that in a decision in ongoing litigation involving COMMISA, KBR’s Mexica
By Alex Lawler LONDON (Reuters) – Oil edged higher to $42 a barrel on Wednesday after hitting its lowest since April the previous day, supported by an industry report showing a fall in U.S. inventories and a weaker dollar. But prices could struggle to make much headway, analysts said, as sentiment r
Magellan Petroleum, an independent oil and gas exploration and production company, said it has entered into a definitive merger agreement with Tellurian Investments, a recently formed private company focused on the development of a mid-scale LNG facility on the U.S. Gulf Coast. Tellurian is led by C
Kongsberg Maritime of Norway said it has secured contracts from the Glasgow-based shipbuilder, Ferguson Marine Engineering (FMEL) for two LNG-powered ferries. The two 100 meter ferries are being built by FMEL for Caledonian Maritime Assets (CMAL). The engineering, procurement, construction and insta
Offshore Energy not only offers an exhibition floor where companies and visitors can do business, network and learn more about products and services, we also offer an extensive conference program. Ten technical sessions, side events, keynotes, the Offshore WIND Conference and much more. For instance
The White House Council on Environmental Quality released on Monday its final guidance for federal agencies on incorporating the effects of climate change in their National Environmental Policy Act (NEPA) reviews. According to the Center for Liquefied Natural Gas (CLNG), a U.S. trade association of
Vaalco Energy has informed that Steve Guidry, the company’s Chief Executive Officer (CEO), will retire from the company and Board of Directors effective September 1, 2016. According to Vaalco’s statement on Wednesday, Guidry joined Vaalco as CEO in October 2013 after having worked for 33 years at Ma
Three Southeast Asian countries, the Philippines, Indonesia and Malaysia, have reached an agreement for trilateral maritime cooperation to launch joint sea patrols in regional waters in an effort to deal with the rising number of kidnappings and pirate attacks, according to the Jakarta Post. Under t
By Anshuman Daga and Jonathan Saul SINGAPORE/LONDON (Reuters) – Singapore Exchange Ltd (SGX) is readying a formal offer to buy London’s Baltic Exchange following months of discussions that culminated in exclusive talks between both parties, sources familiar with the matter said on Tuesday. Founded i
Time charter rates in the smaller chemical tanker vessel sizes are expected to remain stable over the next two years, but rates for the larger sizes, especially Medium Range tankers (MRs), will decline due to the impact of falling freight rates for clean petroleum products (CPP), shipping consultanc
The Korean Register of Shipping (KR), a member of the International Association of Classification Societies (IACS), has expanded its land-based test facilities for Ballast Water Management System (BWMS). “Manufacturers who have already secured BWMS type approval from their administrations or have de
Seaway Heavy Lifting’s Oleg Strashnov has installed the last of the 67 foundations for the Dudgeon offshore wind farm, Statoil, the owner, developer and future operator of the wind farm, reports. Oleg Strashnov carried out the inshore loading, transportation and installation of the monopile foundati
Deepwater Wind, the developer of the first offshore wind farm in US waters, the 30MW Block Island, shared a photo of the jack-up installation vessel Brave Tern easing into place first tower sections onto one of the wind farm’s five foundations. There is just one more tower section to be mounted on t
