Indonesia is restricting shipping of coal to its neighboring Philippines following a rise in hijackings of its ships by Filipino pirate groups linked to Islamist extremists. The ports of Banjarmasin and Tarakan in Indonesia’s Kalimantan have stopped approving shipping permits to the Philippines, Reu
Another round of job cuts has reportedly been announced to Odfjell Drilling’s workforce. Stavanger’s Aftenblad reported that around 200 employees would be given a pink slip over a contract loss for five Statoil’s installations offshore Norway. Further details about locations impacted by this decisio
Finnish engine manufacturer Wärtsilä on Thursday informed its order intake for the first quarter 2016 was at €1.27 billion, 1 percent down on the same period in 2015.
The LNG engineer Chicago Bridge & Iron posted a US$107 million profit for the first quarter of 2016, a 19.1 percent drop compared to a $132.2 million profit during the same quarter in 2015.
Brazil’s Petrobras has announced that its oil and natural gas production in March amounted to 2.55 million barrels of oil equivalent per day (boed), of which 2.36 million boe were produced in Brazil and 183,000 boed abroad. In addition, Petrobras has set yet another monthly pre-salt output record ex
Viper Subsea has won a Queen’s Award for Enterprise in Innovation for its V-LIFE electrical insulation resistance improvement system. The Queen’s Award in Innovation is awarded following recommendation from the Prime Minister and was conferred on April 21, 2016. “We are honoured to receive this awar
Two workers were injured while working on the Mariner project in South Korea for the Norwegian oil company Statoil. This means that Statoil has had three accidents at work at three different shipyards in Korea. Statoil’s spokesperson told Offshore Energy Today that one incident happened last fall at
Nine foundations have been installed so far at the Dudgeon offshore wind farm, with 58 more to go until all the foundation are in place, expected to be achieved this summer. FoundOcean has connected the nine monopiles with their corresponding transition pieces by using BASF’s MasterFlow 9500 materia
Australian LNG player Woodside has received a “first strike” from shareholders on the company’s remuneration for senior executives.
India’s GAIL is reportedly looking to swap some of the volumes contracted at Cheniere’s Sabine Pass export project in the United States in order to cut down the shipping costs.
The Polish affiliated dockers’ union Solidarność has concluded a lengthy dispute with the Deepwater Container Terminal (DCT) Gdansk as the parties signed a collective bargaining agreement (CBA), according to the International Transport Workers’ Federation (ITF). The new agreement is valid until Marc
Malaysia’s FPSO player Bumi Armada has filed a claim against Australian energy company Woodside in relation to the contract for the Armada Claire FPSO seeking $283.5 million. The floating production storage and offloading unit Armada Claire was operating for Woodside on the Balnaves field, offshore
By Tife Owolabi YENAGOA, Nigeria (Reuters) – Royal Dutch Shell has failed to halt production at the Gbaran Ubie oil and gas facility in southern Nigeria, contravening a court order for the site to be sealed and raising the prospect of legal action, state government officials said on Wednesday. A Reu
An urgent, coordinated action by national authorities regarding SOLAS container weighting rules is needed, urged European organizations representing shippers, freight forwarders, terminal operators and port authorities. In November 2014, the International Maritime Organization (IMO) prescribed that
