Malaysia Marine and Heavy Engineering (MHB) on Wednesday posted a RM5.3 million (US$1.36 million) pre-tax loss during the first quarter 2016.
U.S. oilfield equipment provider National Oilwell Varco (NOV) has suffered a net loss in the first quarter of 2016, as well as a sharp decline in revenues. The company on Thursday reported a first quarter 2016 net loss of $21 million, excluding other items. Other items included $147 million in pre-t
McDermott has completed the installation scope associated with the Otis development in the Gulf of Mexico on behalf of LLOG Exploration Offshore. McDermott’s Lay Vessel North Ocean 105 (LV 105) completed the deepwater subsea tieback from the Otis well in Mississippi Canyon 79 to the Delta House Floa
Italian oil and gas industry contractor Saipem has reported a lower profit for the first quarter of 2016, but kept its full-year guidance. Saipem posted a net profit of 61 million euros, versus 77 million euros in the first quarter of 2015. Furthermore, the company reported revenues of €2.84 billion
Her Majesty the Queen of Belgium christened the new offshore installation vessel of the Jan De Nul Group today. The vessel, named Vole au Vent, was christened in the Port of Ostend – the base port of Jan de Nul’s team for the Nobelwind (Bligh Bank Phase 2) project – in the presence of the family and
In the port of Ostend, Her Majesty the Queen of Belgium christened the new offshore installation vessel of the Jan De Nul Group today. The vessel was given the catchy name Vole au vent. Her Majesty the Queen wished the vessel and her crew a safe journey. The ceremony took place in the Port of [&hell
Norway-headquartered ship designer and shipbuilder Ulstein has launched its first ever wind farm service operation vessel (SOV) at its Ulstein Verft yard in Ulsteinvik. The SOV, yet to be officially named, is the first of two being constructed for Bernhard Schulte Offshore. She is chartered out to S
Norway-headquartered ship designer and shipbuilder Ulstein has launched its first ever wind farm service operation vessel (SOV) at its Ulstein Verft yard in Ulsteinvik. The SOV, yet to be officially named, is the first of two being constructed for Bernhard Schulte Offshore. She is chartered out to S
Siem Offshore’s new cable laying vessel, Siem Aimery, was named on Wednesday at the Remontowa Shipyard in Gdansk, Poland. The godmother and sponsor of the vessel was Karin Muck, wife of Lars Muck, business area manager of Siem Offshore Contractors. The vessel, designed by VARD, is 95.3 meters long a
The Port of Antwerp Authority has granted the French LNG player Engie a 30-year concession for the development of an LNG bunker and filling station.
The UN Security Council Committee has blacklisted India-flagged tanker Distya Ameya for being involved in attempts to “illicitly export crude oil from Libya.” Namely, the tanker is reported to have loaded 650,000 barrels of crude oil shipped by the rival eastern Libya government for UAE-based DSA Co
Poland’s LNG import terminal in Świnoujście is in final preparatory works as it is gearing up to receive its first commercial cargo from the world’s largest LNG exporter, Qatar.
Galloper Wind Farm Ltd (GWFL) has invited local residents to drop-in sessions on the Galloper offshore wind farm project being developed off the coast of Suffolk, UK. Members of the GWFL project team will be in the Leiston area on Friday 13th and Saturday 14th of May to host two drop-in sessions abo
The European Commission launched yesterday its new Arctic Strategy, including 39 actions focusing on climate change, environmental protection, sustainable development and international cooperation. The Arctic Strategy calls for measures to address black carbon and methane emissions, but also to guar
