Offshore supply chain has suffered greatly since the oil prices started to fall from $115 a barrel in mid-2014.
Fukushima Forward’s advanced spar floating foundation, the base of the Fukushima Hamakaze structure, has tilted while being towed across Osaka Bay to Sumoto on Awaji Island, with part of an upper section now submerged, according to Japanese media. The foundation has been on its way to the port of Su
Dutch Gate terminal has almost completed construction of its new LNG break bulk infrastructure located at the terminal site in Maasvlakte in Port of Rotterdam.
Polish Energy Regulatory Office on Wednesday authorized Polskie LNG to begin commercial operations at the Swinoujscie liquefied natural gas terminal and named the company the system operator.
Houston-based LNG player, Cheniere Energy, on Thursday informed its board of directors named Jack A. Fusco as the company’s president and CEO with immediate effect.
By Sarah McFarlane LONDON (Reuters) – Oil prices rose towards six-month highs on Thursday, supported by data from the International Energy Agency (IEA) showing tightening supply in addition to a surprise drop in U.S. crude inventories. Brent crude futures <LCOc1> were trading at $47.87 per barrel at
A 163,038 DWT oil tanker ran aground at 159 km of the Suez Canal early this morning shortly after it entered the canal, GAC Egypt informed. The ship’s position corresponds to that of the Sea Landsort which is stopped in the Suez Canal, based on its latest AIS info from Marine Traffic. The Panama-fla
Beaching of end-of-life vessels in Alang has stirred serious concerns from Indian NGOs following a visit to the city’s shipbreaking yards by government representatives from France, Germany and Belgium, as well as the European Commission, in late April. Indian NGOs are concerned about the negative en
Fred. Olsen Windcarrier has won a contract for transport and installation of Siemens 7MW turbines at DONG Energy’s Hornsea Project One offshore wind farm. Under the contract, Fred. Olsen Windcarrier will install approximately half of the 174 turbines, while the remainder will be installed by A2SEA,
British Columbia’s First Nations leaders to their protest against the Petronas-led Pacific NorthWest LNG project to the United Nations on Thursday.
Global oil supplies rose 250 000 barrels per day (250 kb/d) in April from the preceding month to 96.2 mb/d as higher OPEC output more than offset deepening declines in non-OPEC countries, IEA said in its Oil Market Report for May. But year-on-year, world output grew by just 50 kb/d in April versus t
Prosafe, world’s largest offshore accommodation rig provider, slumped to loss in the first quarter this year, on low fleet utilization and Mariner delay charge. Net loss amounted $1.8 million, compared to a net profit of $27 million a year ago. The company which owns a fleet of semi-submersible acco
German oil and gas firm Wintershall has awarded a four-year service contract to support its exploration and development projects in Norway to Halliburton. Halliburton will provide drilling-associated services on Wintershall’s Maria development in the Norwegian Sea. The agreement, which contains ince
Danish energy giant Dong Energy is looking to launch an Initial Public Offering of its shares on Nasdaq Copenhagen. The company expects the IPO could be launched in the summer 2016. The Kingdom of Denmark, as majority shareholder, will sell part of its current shareholding in the IPO, while maintain
