Island Offshore, a provider of offshore vessels for the oil and gas industry, has said that despite vessel lay-ups the platform supply vessel market is still oversupplied. The company has 29 vessels in operation within the vessel segments PSV, AHTS, Well Stimulation (WS), Subsea Construction (SCV) a
Bermuda-based Golar LNG, the owner and operator of LNG carriers on Tuesday posted a loss of $80.1 million in its first quarter of this year.
Cheniere Energy and Bechtel have on Tuesday informed that substantial completion at Sabine Pass Train 1 has been achieved on May 27.
SgurrEnergy has been awarded a three-year construction monitoring contract for the 588MW Beatrice offshore wind farm. The construction monitoring appointment follows a one-year role as lenders’ technical advisor for Beatrice Offshore Wind Farm Limited and participating lenders, in which SgurrEnergy
Petronas-led multi-billion Pacific NorthWest LNG project in Canada dismissed claims by “climate experts” saying it would become one of Canada’s largest greenhouse gas emitters.
Malaysia’s independent exploration and production company Hibiscus Petroleum returned to profit for the financial period ended March 31, 2016 due to completion of acquisition of Shell’s Anasuria cluster in the UK North Sea. To remind, in August 2015, Shell reached an agreement to sell a batch of its
Höegh LNG Partners on Tuesday reported a first quarter 2016 net loss of US$1 million, compared to a $2.6 million profit in the same quarter the previous year.
A total of 30 ships are waiting in the French port of Marseille Fos today as strike continues at the port’s oil terminals, a port spokesperson told World Maritime News in an update. Based on the vessel tracking data from Marine Traffic, the majority of ships at the port are general cargo ships. The
Blue Barrel Supply has secured an agency agreement with RSC Bio Solutions for the distribution of biodegradable products for the offshore energy industry in the North Sea. RSC Bio Solutions has been developing readily ultra-high performing biodegradable oils in the U.S. for many years. By teaming up
Schlumberger, the world’s largest oilfield services provider, has reportedly decided to reduce its headcount in Norway. According to E24, Norway’s online business newspaper, Schlumberger will reduce the number of positions in all of its Norwegian branches as a result of a difficult market situation.
Petronet LNG, India’s largest importer of liquefied natural gas has reportedly started talks with ExxonMobil to alter the pricing terms of the 1.4 mtpa supply deal from the Chevron-led Gorgon LNG project in Australia.
U.S. giant Chevron has recently received the environmental approval to add the fourth liquefaction train to its US$54 billion Gorgon LNG project on Barrow Island.
Offshore vessel operator Deep Sea Supply will continue to lay-up vessels that do not have any fixed activity in the next months as a consequence of the weak market. Deep Sea Supply has per May 2016 laid up in total 16 vessels, of which 11 are platform supply vessels (PSVs) and 5 anchor handling tug
Petrobras of Brazil on Monday informed Pedro Pullen Parente has been named the company’s new CEO and a member of Petrobras board of directors, the appointment takes effect on Tuesday, May 31.
