The captain of the notorious Sage Sagittarius bulk carrier, Venancio Salas, took the stand for the first time today within a coronial inquest before the New South Wales Coroner Court in Australia. The New South Wales Coroner Court launched an investigation into suspicious two of three deaths from 20
At least thirteen people are missing after an oil tanker, identified as KM Azula, sank in the Arafura sea off Papua, Indonesia, during the weekend, local media reported. The search and rescue teams, including Angora search and rescue teams, police and navy personnel, continued their efforts on Tuesd
A major collision was avoided in Valencia as four tugs rushed to the scene on Tuesday to separate two boxships HH Johanna and Cosco Europe from clashing due to strong winds that battered the entire country for days. Namely, Liberia-flagged HH Johanna, which was docked at the Costa wharf, at the port
K2 Management has been appointed to provide its services for the 100 MW Kashima offshore wind project, which represents the company’s first contract in Japan. The company Wind Power Energy, comprising Wind Power Group K.K, SB Energy and ORIX Corporation, which owns the offshore wind project, has hir
FMC Technologies, a provider of technologies and services to the international oil and gas industry, has seen its profit drop in the fourth quarter of 2015 when compared to the one made in the corresponding period of 2014. The Houston-based subsea services provider on Tuesday posted a $55.6 million
The photo was taken by Matthew Kelly, a site manager from SgurrEnergy, which is responsible for operations and maintenance of ORE Catapult’s 7MW offshore wind turbine in Levenmouth. In December 2015, ORE Catapult acquired the 7MW demonstration offshore wind turbine from Samsung Heavy Industries (SHI
The Maritime and Port Authority of Singapore (MPA) has launched the world’s first national technical reference for bunker mass flow metering of marine fuel oil deliveries in Singapore, which are expected to come into effect from January 1, 2017. MPA said that the new guidelines will set out clear re
Talisman Sinopec Energy UK has evacuated over a hundred offshore workers from the Clyde platform, in the UK North Sea, after a power outage. The Clyde platform is located approximately 175 miles south east of Aberdeen, in approximately 80 m of water. According to the company, the platform had 178 pe
Russian gas giant Gazprom said Tuesday that its board approved an updated list of measures aimed at increasing the company’s share in the global gas and LNG markets. The updated list suggests “more precise definition of Gazprom’s business areas“, particularly in pipeline and liquefied natural gas su
Deutsche Offshore Consult GmbH (DOC) has been actively supporting the construction of Vattenfall’s Sandbank offshore wind farm since late last year, the company reported. Working on the project, DOC has been delivering services from developing a study of first lifting processes, over the optimal use
Australian energy company Woodside saw its full year profit fall 99 percent to $26 million, down from last year’s $2.4 billion due to the dramatic fall in oil prices and asset impairments. Adjusted for one-off non cash items, profit was $1.1 billion, still down from 2014, due to falling commodity pr
Australian LNG player Woodside reported on Wednesday a 99 percent decline in 2015 net profit, hit by $1.1 billion in asset impairments due to falling oil and gas prices. Woodside’s net profit in 2015 dropped to $26 million, down from $2.41 billion in the year before. Woodside last time posted a loss
Norwegian oil firm Statoil will buy from Austrian OMV a 30% working interest in Petroleum Exploration Permit (PEP) 57073, offshore New Zealand. The permit covers an area of 9,800 square kilometres in the East Coast Basin, and sits in water depths of 1,000-2,000 metres. OMV will remain the operator w
Det norske, an oil exploration and development company focusing on the Norwegian Continental Shelf, has narrowed its loss in the fourth quarter of 2015 when compared with the same period in the year before. Det norske’s net loss for the fourth quarter of 2015 was $156 million, versus $287 million lo
