Finland’s Port of Helsinki has seen another record cruise season with 254 international cruise ships visiting the port between May and October. This year’s numbers show that 437,000 international cruise visitors came to Helsinki which is 17,000 more than in 2014. The port expects this number to clim
Maersk Oil, a Danish oil firm, saw its profit for the third quarter slashed 86 percent, mainly hit by low oil prices. Also, the company on Friday said it would further reduce its exploration levels and costs in the upcoming period. Net profit for the quarter was $32 million, down from $222 million a
Kvaerner, a Norway-based engineering and construction services company, has reported a sharp drop in its third quarter 2015 revenues, due to lower activity, as well as lower profit when compared to the same period last year. According to Kvaerner’s 3Q 2015 report on Friday, its revenues in the third
Toshiba Corporation is reportedly looking to sell some of the capacity it booked in the Freeport LNG terminal on Quintana Island near Freeport, Texas.
North Atlantic Drilling Ltd., a provider of harsh-environment offshore drilling rigs, has removed a director from its board due to his potential involvement in a corruption scandal. In a statement issued Thursday night, the company said it was informed that Jo Lunder, Director of the company, is und
Danish offshore drilling contractor Maersk Drilling on Friday posted a drop in the third quarter 2015 profit. Profit after tax was $184 million, a fall compared to a year ago levels when profit was $192 million. Revenue for the quarter rose to $646 million, up from $525 million last year. The drille
Downeast LNG, that is proposing to build an LNG export terminal in Robbinston, Maine, filed a request with FERC to hold the pre-filing review proceedings.
Repsol-operated Canaport LNG terminal in Canada will pay $750,000 in fines and penalties after it took responsibility for the death of 7,500 birds. Canaport LNG said in a statement on Thursday it has reached a settlement with the Crown for the incident that occurred on Sept. 13-14, 2013, in which “a
The Norwegian Petroleum Directorate (NPD) has granted start-up consents for the Edvard Grieg oil pipeline and the Utsira High gas pipeline. These transport solutions will become part of the development of the Edvard Grieg and Ivar Aasen fields on the Utsira High in the North Sea. According to the di
Fluxys of Belgium and France’s GRTgaz commissioned the interconnection pipeline called ‘Artère des Flandres’ connecting the French and Belgium gas systems.
Marathon Oil, a U.S.-based oil and gas exploration and production company, has posted a loss in the 3Q 2015 due to low oil price and changes in company’s exploration strategy. The Houston-headquartered company on Wednesday reported a third quarter 2015 net loss of $749 million, compared to a net pro
Monaco-based LNG tanker owner and operator GasLog posted third-quarter profit of $4.9 million, down from $31 million in 2014.
The Seamen’s Union in Greece has decided to extend their 48-hr strike for an additional two days from 06:00 local time Wednesday to 06:00 local time on Friday, November 6th. The strike is affecting local ferries, pilot services and towage services resulting in vessels being unable to berth or depart
French seismic data specialist, CGG, will reduce its workforce by 13 percent and its fleet to five vessels. According to CGG’s 3Q 2015 results report on Thursday, the company will reduce its workforce by 930 positions worldwide. CGG also says that, in addition to 3 vessels already cold-stacked by Oc
