The impact of the UK’s agreed deal with the European Union on the reformed membership of the UK to the EU as released on 19 February 2016 is not significant for the shipping and maritime industry, according to the UK’s Chamber of Shipping. The deal, passed by the European Council in agreement with a
The Australian icebreaker Aurora Australis has been successfully refloated and has made its way out of Mawson harbour, the Australian Antarctic Division said in an update. The ship now remains in the vicinity of Mawson research station, where crew will conduct a thorough assessment of damage over th
Houston-based LNG engineer KBR posted a US$42 million income in the fourth quarter 2015, compared to a $1.24 billion net loss in the same quarter the year before.
Polarcus, an offshore geophysical company, on Monday reported a net loss for the fourth quarter of 2015 due to impairment charges, as well as lower revenues driven by decrease in both contract and Multi-Client revenues. Polarcus’ net loss, after impairments of $247.4 million, was $287.3 million in 4
TC Offshore filed an application with the Federal Energy Regulatory Commission for an order permitting and approving the abandonment by sale to Avocet LNG, of its Grand Chenier system.
By Jonathan Saul and Anshuman Daga LONDON/SINGAPORE (Reuters) – The Baltic Exchange confirmed on Friday it had received a number of “exploratory approaches” after the Singapore Exchange Ltd revealed it was seeking to buy the business which has been the hub of the global shipping market for centuries
The government of Canada’s province Nova Scotia has informed that new regulations that strengthen accountability for companies operating in offshore Nova Scotia came into effect on Friday, February 26, 2016. The recent amendments to the Canada-Nova Scotia Offshore Petroleum Resources Accord Implemen
Norway’s Höegh LNG has reduced its net loss in the fourth quarter of 2015 despite booking US$37 million in impairments after it halted its FLNG operations. Höegh LNG posted a net loss after tax of $33 million in the fourth quarter, compared to $59.3 million in the same quarter a year before. For the
Australian LNG player Woodside informed on Monday it has appointed Ann Pickard as a non-executive director. Pickard recently retired from Royal Dutch Shell plc, where she held numerous positions during her 15-year tenure with the Hague‐based LNG giant. Before her retirement from Shell, Pickard serve
Liquefied Natural Gas Limited on Monday revealed changes in the management of its unit the Bear Head LNG that is developing the 8 mtpa liquefied natural gas export facility in Nova Scotia.
Spain’s Endesa said it opened its first public filling station that will supply natural gas to fuel vehicles in Madrid. The gas station was opened on February 24 and will supply both compressed natural gas (CNG) and liquefied natural gas (LNG). With this station in Valdemoro, Endesa will have five s
Tidal Energy Today has compiled the top news from tidal and wave energy industry from February 22 – 28, 2016. ORE Catapult, EMEC join forces for marine tech development ORE Catapult and EMEC have launched Technology Assessment Process (TAP) to de-risk marine energy technology development. TAP has be
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Eni secures approval for Coral FLNG project in Mozambique Italian energy giant Eni said on Wednesday that the Mozambique government had approved the plan of development for the company’s Coral FLNG project. Cheniere ships first Sabine Pass LNG export cargo to Brazil’s Petrobras Cheniere has on Wedne
