A majority of senior oil and gas professionals (56%) believe that the industry is repeating the mistakes of previous downturns and have concerns over the loss of jobs and experience and lack of efficiency, according to a new report published today by DNV GL, a technical advisor to the oil and gas in
The Prof. John Evans Atta Mills FPSO, to be deployed at the TEN offshore development in Ghana, has set sail from Singapore to its W. Africa location. The FPSO left Singapore during the weekend. Converted from an oil tanker in Sembcorp Marine’s Singapore yard, the TEN FPSO is 340 metres long and has
A desire to capitalise on distressed situations, grow international market share and acquire new technology will drive a surge in M&A activity in the global oilfield services sector during 2016, according to a new research from international law firm Pinsent Masons. The survey of 200 senior executiv
Japan’s imports of liquefied natural gas reached 85.05 million mt in 2015, a drop of 3.9 percent as compared to the year before. This is the first drop in Japan’s annual LNG imports since the devastating earthquake and tsunami in March 2011 which caused Japan to shut down its nuclear industry. Japan
By Frits Spangenberg Founder of Motivaction “I have energy, therefore I will continue to have it”, a typical thought from any energy consumer. Where companies focus on deliverability and sustainability, some consumers focus solely on cost which leads to miscommunication. As a sociologist, I know of
Dutch company SBM Offshore has reached a settlement with Brazilian authorities regarding the alleged involvement of its executives in a bribery case in Brazil. To remind, in December 2015, SBM Offshore’s CEO Bruno Chabas and a member of the Supervisory Board Sietze Hepkema appeared on a list of (for
Offshore Wind Developers Help Solve a Century-Old Mystery Whilst undertaking detailed seabed scanning for the development of wind farm projects in the East Anglia Zone, off the coast of Norfolk and Suffolk, wind farm developers ScottishPower Renewables (SPR) and Vattenfall uncovered something they w
Read the most popular news of the week.
Tidal Energy Today has compiled the top news from tidal and wave energy industry from January 18 – 24, 2016. Paimpol-Bréhat project: DCNS installs first turbine The first 500 kW tidal turbine has been deployed at its planned location, off Brittany, France, and the operation took half an hour to comp
Shell sees 10,000 job cuts after BG takeover Hague-based energy giant Shell said Wednesday it expects a reduction of 10,000 staff after completion of the proposed merger with LNG player BG. LNGWN poll: Shell shareholders say yes, but what about BG? The shareholders of Royal Dutch Shell will vote in
Offshore rig builder Keppel saw its fourth quarter 2015 net profit down 44% to S$405 million, compared to 4Q 2014’s S$726 million. For the full year net profit fell 19% to S$1,525 million, compared to 2014’s S$1,885 million. Keppel’s Offshore & Marine business’ profit was S$481 million for the full
Poland’s Nauta Shiprepair Yard today launched a partly outfitted offshore service vessel (OSV) – Esvagt Njord – destined to operate at the 400 MW Dudgeon offshore wind farm off Norfolk, UK , once completed. Nauta and Havyard Ship Technology of Norway, the designer of the vessel, signed a shipbuildin
Poland’s Nauta Shiprepair Yard today launched a partly outfitted offshore service vessel (OSV) – Esvagt Njord – destined to operate at the 400 MW Dudgeon offshore wind farm off Norfolk, UK , once completed. Nauta and Havyard Ship Technology of Norway, the designer of the vessel, signed a shipbuildin
Dry bulk shipping capacity of 40 million DWT will be sold for demolition during 2016, making this year the busiest year on record for shipbreaking, according to BIMCO’s forecasts. The prediction comes on the heels of a yet another miserable year start for the industry sector with eroding freight rat
