Brazil’s state-owned oil company Petrobras has informed that the floating, production, storage and offloading vessel (FPSO) Cidade de Saquarema, destined for its Lula field, has docked at the Niteroi, Rio de Janeiro-based Brasa shipyard. The FPSO will operate in a water depth of 2200 meters and is s
The European Commission has sent a set of proposals to Greece asking it to change its maritime tonnage tax to exclude all maritime sector intermediaries and operators of ships, which do not provide maritime transport services. The commission said that the Greek tonnage tax system is not well targete
Transfers at sea have long been a problem and the safety of those involved is becoming an increasing consideration particularly because of the rapidly increasing numbers of people involved. The offshore wind farm owners and contractors alike have very strict H&S policies which other industries incre
Solstad Offshore, a Norwegian offshore vessel owner, has seen its two platform supply vessel contracts terminated by Petrobras in Brazil. The company said Petrobras terminated the contracts for the two PSVs “Normand Vibran” and “Normand Trym”. These contracts were blocked by local tonnage, and work
Origin Energy said it is forward selling its LNG cargoes at a fixed price and buying put options on oil for the 2017 financial year in order to reduce its exposure to low oil prices.
Cape plc, a UK-based oilfield services firm, has via its Socar Cape joint venture won a contract extension from BP in Azerbaijan. The two-year extension is for the provision of Fabric Maintenance Services at its onshore and offshore assets in Azerbaijan. The contract has an estimated value of over $
Dominion’s Cove Point liquefaction and export project in Calvert County, Maryland has progressed during the year.
Grounded German-flagged general cargo ship BBC Maple Lea has been freed with the help of tugs dispatched to the grounding scene on Lake Saint-Louis, Quebec. The 2007-built ship, managed by German Auerbach Bereederung Hamburg, got grounded in the morning of December 17th, shortly after departing Mont
Egyptian Ministry of Petroleum on Wednesday revealed a US$324 million investment into infrastructure projects that will increase the country’s capacity to transfer and handle petroleum products in Ain Sokhna.
A consortium formed by U.S oilfield services provider McDermott and India’s L&T Hydrocarbon Engineering (LTHE) has won a contract covering the engineering, procurement, construction and installation of major subsea field infrastructure for the Vashishta and S1 Development Project, a greenfield deepw
Shell and BG Group, parties in a proposed $70 billion merger deal, have sought the approval of the High Court to publish its scheme document and convene the related shareholder meetings, where the shareholders will vote whether to accept the merger or not. The move follows satisfaction of the final
A fire broke out in one of the cargo holds of the general cargo ship Ventura as the ship was about to enter the Kiel Canal on Friday, German Central Command for Maritime Emergencies said. The ship was on its way from Liepaja, Latvia to Brunsbütte transporting beet pulp when the smoke started billowi
Rem Offshore has entered into an agreement to sell multi purpose subsea construction vessel (MPSCV) “Rem Forza” to Maersk Supply Service. The MPSCV Rem Forza, of MT 6022 design, was built by Kleven Verft in 2008. The vessel has a length of 107.6 meters, a breadth of 22 meters and it can accommodate
Rem Offshore and Vard Group have agreed to postpone the delivery of Offshore Construction Vessel (OCV) ordered by Rem in June 2014. The vessel is due for delivery in the first quarter 2018, instead of previously agreed Q1 2016. The OCV is of the Vard 2 06 design with overall length of 100 meters and
