Wison Offshore & Marine has been granted a 4-billion-RMB line of credit by China Minsheng Bank (CMBC) to support its new order financing. Converted to US dollars, the loan is worth around $631 million. Cui Ying, CEO of WISON Offshore & Marine said the loan would boost the company’s financial capabil
Norwegian shipping company Siem Offshore has decided to take another two Anchor Handling Tug Support (AHTS) vessels out of the market and place them in cold lay-up, due to the soft market conditions. The shipping company said on Monday that, by doing so, it is now trading only three out of ten AHTS
Norwegian owner of offshore supply vessels, World Wide Supply (WWS), has accused Petrobras, the national oil company of Brazil, for an unlawful contract termination. Petrobras in September terminated two of the four long-term platform supply vessels charters it had with WWS. On September 16 Worldwid
TTS Business Unit Offshore, a part of TTS Group ASA, has decided to implement further temporary workforce reductions with immediate effect, citing current offshore market situation. Bergen-headquartered TTS Group is a company that designs, develops and supplies equipment for the marine and oil and g
The Oil and Gas Authority (OGA), UK’s offshore and onshore oil and gas regulator, has announced the completion of the data acquisition stage of the UK Government-funded seismic campaign. According to the regulator, the £20 million ($30.9M) programme in underexplored areas of the United Kingdom Conti
Norwegian oil company Noreco might lose its stake in the Huntington offshore oil field. The company has been served a notice of default under the Joint Operating Agreement (JOA) governing the Huntington licence in the UK North Sea. The default relates to non-payment of a cash call under the JOA, and
TonenGeneral Sekiyu, Shimizu Corporation, and Shizuoka Gas Company formed a joint company for the construction of an LNG-fueled thermal electric power plant at TonenGeneral Shimizu terminal.
Chevron’s 15.6 million tons per annum Gorgon LNG project is in the final stages of commissioning systems to allow start-up of Train 1.
Anadarko Petroleum said it has named Mitchell W. Ingram to the newly created position of executive vice president, global LNG, effective immediately.
The Houston-based classification society ABS informed it has been selected to class an LNG bunker barge under construction at Conrad Orange Shipyard for WesPac Midstream and Clean Marine Energy. The 2,200 cu m barge is scheduled for delivery in mid-2016 and will initially be deployed in Tacoma, Wash
Italy’s Eni and partners have been awarded A5-A block offshore Mozambique in the fifth competitive bidding round.
DONG to Build World’s Biggest Offshore Wind Farm DONG Energy today decided to construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19 km off the west coast of Britain. Van Oord: Dredging Companies Venturing into Offshore Wind (Interview) During the Offshor
DONG to Build World’s Biggest Offshore Wind Farm DONG Energy today decided to construct the 660MW Walney Extension offshore wind farm, located in the Irish Sea, approximately 19 km off the west coast of Britain. Van Oord: Dredging Companies Venturing into Offshore Wind (Interview) During the Offshor
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