Finnish engine manufacturer Wärtsilä said Wednesday its order intake decreased 3 percent to 4.93 billion euros in 2015. Wärtsilä’s 2015 net sales increased 5 percent to 5.03 billion euros as compared to the year before. In the fourth quarter, the company’s order intake dropped 8 percent to 1.4 billi
VAALCO Energy (VAALCO), an oil production company, is putting off its offshore Gabon Etame Marin Crude Sweetening Project (CSP) until oil prices recover to levels that support positive economic returns. “Although over 15 potential solutions were identified and evaluated to remove hydrogen sulfide (H
Samsung Heavy Industries contracted LNG specialist Clough to perform hook-up services on the Inpex-operated Ichthys LNG project’s central processing facility (CPF).
U.S.-based LNG player Cheniere Energy has postponed the completion date for the first liquefaction train at its Sabine Pass LNG export terminal in Louisiana. “Actual project progress supports the achievement of substantial completion for Trains 1 and 2 by May 2016 and August 2016, respectively,” Che
Chevron said on Tuesday its Chinese unit, Unocal East China Sea started producing gas from the first stage of the Chuandongbei project in southwest China.
MultiClient Geophysical (MCG) has completed the acquisition of the part of the Maximus 2D Multi-Client survey covering blocks to be announced in the first deep-water bid round in the Salinas Basin, offshore Mexico. MCG says that the survey comprises some 19,000 km of 2D seismic data and covers all 6
Sydney-based Drillsearch Energy informed on Wednesday that its shareholders approved the proposed merger with Beach Energy.
As part of the UK Government’s strategy to increase British exports to £1 trillion, Subsea UK is encouraging companies to set their sights on international expansion to sustain long-term growth. The industry body has widened its “Global Opportunities” programme during Subsea Expo, to be held at AECC
U.S. oil company Hess Corporation announced today a 2016 E&P capital and exploratory budget of $2.4 billion, a 40 percent reduction from its 2015 actual spend of $4.0 billion and approximately 20 percent below preliminary 2016 guidance of $2.9-$3.1 billion provided in October. The $2.4 billion budge
Hellenic Crew Union and the Towage and Salvage Crew Union of Piraeus have announced a new 48-hour strike in Greece on 27 January. The new strike comes just a week after the latest strike round when unions protested against the government’s planned changes to labour and insurance rights, pensions and
Bad weather has delayed the arrival of the world’s largest offshore wind farm installation vessel, the Seajacks Scylla, to the Port of Rotterdam, initially scheduled for the end of January, the Dutch port said in a release. In early December, Seajacks Scylla started her journey from a Samsung Heavy
MHWirth, an international provider of drilling solutions and services to the oil and gas industry, will reportedly reduce its workforce in Norway by another 300 positions. According to Offshore.no, the company informed its employees of this decision at a meeting on Monday. MHWirth already slashed 10
The crude oil tanker market is expected to grow strongly in 2016, with projected fleet increase of 4.3%, BIMCO said. Most of the new tankers will be delivered in the second half of 2016 and the demolition activity is likely to stay subdued as the market enjoys high rates. Following a considerably qu
Dutch shipping company Vroon has reportedly won a charter deal from oil giant BP for its anchor handler VOS Chablis, to support an FPSO towing operation. According to data provided by Clarksons, Vroon is supporting the tow of the recently delivered Glen Lyon FPSO. The data further shows that another
