GFS Corporation, the manufacturer of LNG conversion units, informed it has authorized Wajax Power Systems and Cullen Diesel Power as its distributors for Canada.
While conducting an audit of the Valemon platform in the North Sea, the Norwegian Petroleum Safety Authority found shortcomings in the platform’s security. The audit of the Statoil-operated Valemon platform was conducted from October 26 to November 5, 2015, and included checks of barrier management,
Det norske oljeselskap ASA has received consent to use the Transocean Winner semi-submersible drilling rig for production drilling and completion on the Volund field. Volund is an oil field in the central North Sea around 10 kilometers south of the Alvheim field. Water depth in the area is 120-130 m
Canadian Natural Resources (CNR) has reportedly shut down production from its Banff field in the North Sea due to a heavy storm. The Banff field lies approximately 200 miles east of Aberdeen in the Central North Sea, blocks 22/27a and 29/21. It is operated by CNR International and produced via the l
Top offshore energy videos of 2015
The ultimatum given by Rotterdam dockworkers’ union FNV Havens to their employers at the port and the port authority has expired and the unions have launched a 24-hour strike earlier today, the union confirmed. As disclosed, the strike is taking place at the ECT Delta Terminal, at Uniport and APM te
Wood Mackenzie, one of the world’s largest energy market intelligence companies, expects that upstream merger and acquisition (M&A) activity will increase in 2016, though the shape of that activity will be dictated by oil prices. Should they remain low, balance sheets will become ever more stretched
Some 156 passengers and crew were rescued after a Malaysian-flagged ferry Zuhairi collided with a lightless barge and partially sank near Semporna port, Malaysia, in the evening hours of January 6, according to the Malaysian Maritime Enforcement Agency. As the ferry was slowly sinking, the authoriti
Freight rates for container shipping are expected to experience a further fall in 2016 as the supply-demand imbalance continues widening resulting in more losses for boxship owners, according to shipping consultancy Drewry. Many stakeholders point to the fact that bunker prices of for example USD 14
Malaysia’s exports of liquefied natural gas in the period from January to November 2015 plunged 25.1 percent due to contraction in the average unit value, according to the country’s External Trade Development Corporation.
Cluff Natural Resources Plc, a natural resources investing company, is planning to focus on its Southern North Sea assets in 2016 and is looking for partners to provide funding for drilling of one or more wells. Cluff Natural Resources says it is already in the process of starting the next phase of
Australian port of Port Hedland has delivered a total throughput of 38.1 Mt in December 2015, a slight increase of 1% compared to 37.8 Mt handled in the same period in 2014. December iron ore exports increased to 37.5 Mt from 37.3 Mt handled only a month before, in November. The increase reflected t
Norwegian seismic surveyor TGS has seen its 4Q 2015 revenues more than halved from the same period last year and expects its multi-client investments to be slashed by more than 50 percent due to lower activity. Based on a preliminary review of sales and investments, the company reported net operatin
Norway’s Electromagnetic Geoservices (EMGS) reported vessel utilisation for the fourth quarter 2015 at 21% compared with 63% for the fourth quarter 2014. For the full year 2015, the vessel utilisation was 59%, whereas the utilisation for the full year 2014 ended at 69%. In the fourth quarter of 2015
