Nigerian military officials arrested 1,610 pirates, militants and criminals in the West African Niger Delta during 2015, maritime security company Protection Vessels International (PVI) said citing Operation Pulo Shield (OPS) officials. The arrested people were suspected of piracy, illegal bunkering
Despite an ample supply of oil and gas assets on the market due to low oil prices, the overall merger and acquisition (M&A) deal count in the upstream energy sector plunged in 2015 as the weakness and volatility in oil prices made it difficult for buyers and sellers to achieve consensus on value and
Lloyd’s Register (LR), an engineering, technical and business services organisation, and Aker Solutions collaborate under a new global framework agreement in engineering and subsea oil and gas developments. The framework agreement is valid for 3 years with options for extension for a further 2 years
Sure Diamond, a 26m wind farm crew transfer vessel, has been delivered to its owner Sure Wind. The StratCAT 26 vessel, built by Strategic Marine in Vietnam, completed sea trails in September 2015 and will be operating in Heligoland, Germany. Sure Wind’s second StratCAT 26 vessel, Sure Dynamic, has a
Malaysian energy company Petronas has announced the start of oil production from Tanjong Baram field, offshore Malaysia. Production kicked off on August 18, 2015 but Petronas made the announcement on January 6, 2016. The field is operated under a Risk Service Contract (“RSC”) with EnQuest Petroleum
With the new action plan for 2016, published by the Danish Maritime Authority and the Environmental Protection Agency, regulations on ships’ sulphur emissions will gain more focus in both Denmark and the SECA (Sulphur Emission Control Area) countries. The goal of the action plan, made in cooperation
The new year is not off to a great start for the dry bulk shipping industry as the Baltic Dry Index (BDI) reaches new all-time low. BDI dropped by five points on Tuesday reaching its lowest level yet of 468 points since its previous record low of 471 points posted in December last year. Capesize ind
Italy has reintroduced restrictions on offshore oil and gas activity within 12 nautical miles off its coast. Rockhopper, an oil and gas exploration and production company, fears this will have an impact on its Ombrina Mare project, offshore Italy. The Ombrina Mare is an appraisal/development project
Shell-led LNG Canada joint venture informed it has been granted an LNG facility permit by British Columbia’s Oil and Gas Commission, for its proposed project located near Kitimat.
North American operations of the industrial plants specialist Linde Engineering are being reorganized into one unit named Linde Engineering North America.
2015 was a tough year. Spending and headcounts have been slashed across the industry and the spectre of bankruptcy is an all too common concern, Douglas-Westwood, an energy intelligence group, said in its latest DW Monday report. Recent trends in commodity prices have not helped, DW noted. Late Dece
The International Transport Workers’ Federation has formally called for a coronial inquest into yet another seafarer death on board a Panamanian registered Flag of Convenience coal carrier. Namely, a 26-year-old Filipino national died on 19 December 2015 on board the Japanese owned, Panamanian regis
Libya’s largest oil port of Sidra was attacked early Monday by Islamic State militants who were trying to seize the port. The militants reportedly clashed with Petrol Facilities Guard militia leaving at least seven people dead, with Associated Press claiming that the death toll reached 11. However,
China Insurance Regulatory Commission (CIRC) on Monday said a new investment firm raised 40 billion yuan (US$6.1 billion) to fund energy projects abroad.
