Lightering operations on Roger Blough, a bulk carrier that ran aground on May 27 on Gros Cap Reef in Whitefish Bay in Lake Superior, have been completed, the US Coast Guard said. The cargo on board the 1972-built ship was offloaded onto two vessels, the Philip R. Clarke and Arthur M. Anderson. Each
Maryland prosecutors have indicted a former executive of Chilean shipping company Compañia Sudamericana de Vapores S.A. (CSAV) for his participation in a conspiracy to restrain trade in international RORO cargo shipping to and from the Port of Baltimore, the US Department of Justice said on Tuesday.
The European Commission has on Wednesday approved the acquisition of 50 percent of the shares of PitPoint LNG by the Dutch LNG distributor Primagaz.
Balfour Beatty will construct an electricity substation at Blyth for the Blyth Offshore Wind Demonstrator project, developed by EDF Energy Renewables. The power generated by the wind farm will be supplied to the substation for transmission to the National Grid. The turbines will provide enough low c
Houston-based LNG player, Cheniere Energy informed its unit Sabine Pass Liquefaction intends to offer US$1 billion senior secured notes due 2026.
The next five years will bring a reshaping of the global gas trade, the International Energy Agency (IEA) said Wednesday in its 2016 Medium-Term Gas Market Report. New liquefied natural gas (LNG) supplies are coming online just as demand growth in some major markets weakens, resulting in major shift
The American Maritime Partnership (AMP) is opposing Rep. Gary Palmer’s (R-AL) proposed measure to exempt Puerto Rico from the Jones Act. The Palmer amendment to H.R. 5278, the Puerto Rico Oversight Management, and Economic Stability Act (PROMESA), if adopted, would allow foreign vessels to replace A
In today’s spotted we decided to show you the Port Canaveral’s Cruise Terminal 5 in Florida that underwent a USD 48.38 million major makeover. Opened this past weekend, it hosted the cruise ship Carnival Valor, operated by Carnival Cruise Line. The improvements include an expanded terminal, a 120-fo
The North Sea will see a rise in infrastructure deals this year, with private equity funds playing an increasing role in midstream assets, according to business advisory firm Deloitte. Against the backdrop of a low oil price, more oil and gas companies are looking to rationalize their portfolios and
Over the past two years, weakening fundamentals and much lower oil prices have resulted not only in lower gas prices but also in strong convergence across regional benchmarks, the International Energy Agency (IEA) said. In the first five months of this year, the average differential between Asian LN
The process of market rebalancing is likely to take longer for gas than for oil, according to the International Energy Agency (IEA). While the IEA expects global oil markets to start rebalancing in 2017, it does not foresee oversupply in traded gas markets improving meaningfully before the end of th
Swire Blue Ocean has signed a contract with Siemens to provide a wind farm installation vessel for the installation of 84 Siemens 7MW wind turbines at the Beatrice offshore wind farm. The company said the latest contract adds to the pipeline of projects that it has secured for its fleet of wind farm
Shell has voluntarily contributed offshore rights to the Nature Conservancy of Canada to support the establishment of a national marine conservation area off the coast of Nunavut. To remind, this is the area for which the validity of Shell’s permits was recently challenged by World Wildlife Fund Can
Another round of oil and gas industry collective pay talks in Norway, and another breakdown. The fourth, and final round of collective pay talks held this week between employers and workers employed in the oilfield services sector have hit a standstill. Namely, the Norwegian Union of Energy Workers
