A USD 1.17 billion fiscal year 2016/17 annual budget has been approved for the Port of Los Angeles by the LA Board of Harbor Commissioners. The budget allocation supports the four key objectives of the port’s 2012-2017 Strategic Plan that include the development of infrastructure, the implementation
Dredger Mimar Sinan and the split hopper barge Tiger have started work at the Tahkoluoto offshore wind farm site. The vessels are working on dredging and excavation for foundations and cable ditches. The underground cable and substation will be installed by the next summer, with foundations and subs
The French LNG containment specialist, GTT, on Monday said it has opened its office in China.
Hercules Offshore, a shallow-water offshore drilling contractor, has filed for bankruptcy protection again. The U.S.-based offshore driller filed for bankruptcy in a Delaware court on Monday, June 6. Under the terms of the Plan, all of the Company’s assets will be marketed for sale, and those left u
Sydney-based contractor UGL on Monday informed it could face provisions of up to A$200 (approx. US$147 million) million for losses on the two contracts for the Inpex-operated Ichthys LNG project.
Following last week’s reports that Otto Marine, a Singapore-based provider of offshore vessels for the oil and gas industry, was a target for a potential takeover, the company is yet to receive a formal offer. To remind, Otto Marine was last week approached by RHB Securities Singapore Pte Ltd (RHB),
In the last 15 years, computational fluid dynamics (CFD) software has made big leaps. What was once merely considered a ‘numerical towing tank’ is now an integral part of ship design. Many shipyards and naval architecture companies have an in-house CFD department, while others – including ship owner
Halliburton, one of the world’s largest oilfield services providers, has been downgraded by Moody’s following the failed attempt to take over its rival Baker Hughes. Baker Hughes, the used-to-be target company has been downgraded as well. Halliburton’s senior unsecured debt rating has been downgrade
Brazilian state-owned oil company Petrobras has informed that its pre-salt oil production has reached over 1 million barrels per day, accounting for 40% of oil production from Petrobras-operated facilities in Brazil. According to Petrobras, on May 8, oil production from facilities operated by the oi
Axegaz of France said it has opened the first public LNG service station on the Lille-Lesquin CRT at the end of May.
France’s fourth LNG import terminal located in the port of Dunkirk expects to receive its first cargo of chilled gas in the first half of July. “Arrival window of first LNG vessel required for tests is confirmed. This window is scheduled between 04th and 08th July,” Dunkirk LNG (Dunkerque LNG) said.
Scotland’s new Energy Minister, Paul Wheelhouse, will give his first address to the country’s renewable energy industry tomorrow at Scottish Renewables’ Low-Carbon Heat Conference in Perth. He is expected to address topics including climate change, renewable heat and the new Energy Strategy for Scot
XPO Logistics, Connecticut-headquartered, transportation provider informed its French unit has expanded its LNG-powered fleet with the addition of 31 Iveco Stralis for the Bondoufle branch.
Oil & Gas UK, the representative organization for the UK offshore oil and gas industry, will discuss the strengths, weaknesses, opportunities and threats that the UK Continental Shelf presents at the annual Oil & Gas UK Conference in Aberdeen. Oil & Gas UK said on Monday that Stephen Halliday, Group
