An incident has occurred on a floating, production, storage and offloading (FPSO) unit in the North Sea offshore Norway operated by oil major BG Group that is soon to be acquired by another major, Royal Dutch Shell. According to the Norwegian media reports, on December 30, 2015, a strong storm tore
The port of Rotterdam on Friday revealed that the throughput of liquefied natural gas increased sharply in 2015.
Brent crude futures plunged more than 4 percent to fresh 12-year lows on Friday as the market braced for increased Iranian oil exports, with the lifting of international sanctions possible within days.
Industri Energi, a Norwegian workers’ union, demands to take part in the investigation of the death of an oil worker that happened in December when a giant wave hit the COSL Innovator drilling rig in the North Sea. “We want to be involved in the investigation which cost the life of one of our member
MPI Offshore’s wind turbine installation vessel (WTIV) MPI Resolution has been contracted by RWE for the removal of the IJmuiden Met Mast. In 2011, RWE installed the 100m high met mast in waters up to about 26m, approximately 85 km off the Dutch coast. The mast was built on a monopile foundation con
MPI Offshore’s wind turbine installation vessel (WTIV) MPI Resolution has been contracted by RWE for the removal of the IJmuiden Met Mast. In 2011, RWE installed the 100m high met mast in waters up to about 26m, approximately 85 km off the Dutch coast. The mast was built on a monopile foundation con
More than one million passengers in 2015 have passed through the Port of New Orleans cruise terminals, up 1 percent compared to 2014, marking the fifth consecutive record year. The port, which ranks the sixth-largest cruise port in the United States, expects that the 2016 cruise season will bring ne
South Korea’s Kogas, the world’s largest corporate buyer of LNG, said its sales volume totaled 3.49 million mt in December, down 22.8 percent as compared to the same month last year. Sales into the power sector were at 1.29 million mt, a drop of 31.3 percent, while the company’s city gas sales were
Dutch offshore services provider DeepOcean has secured work for the Rem Forza subsea construction vessel in Ghana. The vessel, owned by Maersk Supply Service, but for years working for DeepOcean, will keep working for Tullow, this time at the company’s TEN development, offshore Ghana, where Rem Forz
The US Port of Oakland has recorded a slight decline in imports of 0.2 percent in 2015, after the drop of nearly 40 percent in January and February. The import recovery indicates that cargo diverted during a waterfront labor impasse last winter has returned, according to the port. “This was no small
Iran reportedly kicked off talks with foreign companies to sell shares in a liquefied natural gas project it is looking to bring back on track once the sanctions are lifted.
Aker Solutions, a Norwegian oil services company, on Friday set in motion its workforce reduction process whereby up to 900 positions will be lost from its maintenance, modifications and operations (MMO) unit across Norway. After it failed to secure the maintenance and modification contract award fo
The 550 ton pipelaying vessel Seven Cruzeiro has been named and launched at Royal IHC’s yard in the Netherlands. The ceremony was held On Friday 15 January 2016, at Royal IHC’s Krimpen aan den IJssel yard. The vessel is being built by IHC for Subsea 7 and will be deployed in Brazil to work for Petro
Tap Oil Limited has reached a deal with the operator of the Manora oil development in Thailand, Mubadala Petroleum, for the settlement of the final capital costs of the Manora field facilities. On March 2, 2015, Tap announced an unexpected capital expenditure increase of $28 million ($8.4 million Ta
