The Suez Canal Authority has decided that container ships coming from Port of New York and its southern ports heading to South East Asian ports, such as port of Port Kelang and its eastern ports, shall be granted a reduction of 30% of the Suez Canal normal tolls. Any company wishing to benefit from
International shipping association together with the International Group of Liquefied Natural Gas Importers (GIIGNL) on Wednesday jointly issued the first definitive voyage charter party “LNGVOY” designed for the expanding LNG spot market.
FMC Technologies, one of the world’s largest providers of subsea equipment for the oil and gas industry, will cut its workforce in Norway. The company is responding to the depressing situation in the oil and gas market which started deteriorating when oil prices began to fall in mid-2014. According
The U.S. Justice Department has reportedly prepared a lawsuit in order to stop Halliburton-Baker Hughes merger deal, representing the latest in a series of blows for the proposed deal by competition regulators. The prospect of combining the world’s second and third largest oilfield services provider
A dispute is heating up between the Saudi offshore vessel provider Makamin Offshore, and Singapore’s shipowner POSH, following the legal proceedings initiated in Saudi Arabia by POSH in March, 2016. Makamin has rejected all the claims made by POSH, and has filed a counter lawsuit. To remind, POSH Se
The United States ports plan to spend a whopping USD 154.8 billion on port-related infrastructure over the next five years, the 2016-2020 Port Planned Infrastructure Investment Survey conducted by the American Association of Port Authorities (AAPA) shows. The combined USD 155 billion investment that
The interest of the shipbuilding players and owners in building and ordering bulkers in 2016 has subsided as shipyards believe they can earn more from constructing other types of ships as they are more profitable, such as tankers for example. On the other hand, the best time to invest in modern bulk
British Columbia’s premier Christy Clark is set to travel on a trade mission to South Korea, the Philippines and Japan in May, in an attempt to promote the province’s LNG export opportunities.
Singapore’s Keppel Offshore & Marine Ltd has been awarded a Floating Production Storage and Offloading (FPSO) module fabrication and integration project by the Japanese FPSO owner Modec. The work will be carried out in Brazil by Keppel’s subsidiary’s Keppel FELS Brasil SA’s BrasFELS shipyard. The va
The Danish Energy Agency has awarded DEA Deutsche Erdoel AG two licences in Denmark. The concession area of about 530 square kilometers is located in the southern Central Graben in the western part of the Danish North Sea. With this award, DEA is now is now an operator in Denmark for the first time
Offshore construction of the Veja Mate offshore wind farm has started with Seajacks Scylla having installed the heaviest monopile produced so far at the project site, according to DGI Doedijns, which provided hydraulic and software equipment for the pile-gripper used at the project. The Scylla, deem
Nigeria’s Oando Energy Resources has teamed up with Kosmos Energy in acquiring offshore blocks in Sao Tome and Principe, and African island nation located near the equator. Oando’s subsidiary Equator Exploration had acquired ownership over the Blocks 5 and 12, respectively, and eventually farmed out
Dutch heavy lift and marine transportation company BigLift Shipping has recently delivered a wellhead production topside module for an offshore gas field in Myanmar. Using the Happy Star heavylift vessel,the company loaded the module in Ulsan, Korea, and took it to the Yadana offshore field, where S
The U.S. Bureau of Ocean Energy Management (BOEM) Director Abigail Ross Hopper on Tuesday announced the bureau will offer approximately 23.5 million acres offshore Texas for oil and gas exploration and development in a lease sale that will include all available unleased areas in the Western Gulf of
