Despite a substantial fall in overall ordering this year, tanker contracting has been robust with 207 ships of 16.6m GT reported of being ordered so far this year, which is already above full year 2014 in terms of GT, according to data released by London-based Clarksons. Greece remained on top of th
Douglas-Westwood forecasts capital expenditure on global LNG facilities will total $241 billion between 2016 and 2020, rising 34 percent compared to the preceding five-year period.
China’s oil company CNOOC has said that the Caofeidian 6-4 oil find in Bohai Bay, offshore China, has been appraised successfully and confirmed to be a mid-sized oilfield. The original discovery was made in 2014. The Caofeidian 6-4 structure is located in the western part of Shijutuo Uplift in the w
Shell’s $70 billion acquisition of the British gas giant BG Group, will have to wait some more, as the Australian Competition & Consumer Comission, tasked to review the potential competition concerns, has delayed its final decision once again. The decision was first delayed in September. According t
All 80 turbines at Amrumbank West offshore wind farm are connected to the network. With its full installed capacity of 288 megawatts now operational, Amrumbank West can produce enough climate-friendly power to meet the needs of 300,000 households. Amrumbank West, fully owned by E.ON, is located in t
SBM Offshore, a Dutch supplier of FPSOs, has reportedly been given an ultimatum to settle a bribery case claim in Brazil. Reuters on Wednesday cited an unnamed government source who said that the Dutch supplier, accused of bribing its way to obtaining contracts with Petrobras, has been given a few d
Woodlands-based Anadarko’s final investment decision on its Mozambique LNG project is dependent on the development plan approval by the government.
The Australian Competition and Consumer Commission has again delayed its decision on the proposed $70 billion acquisition of BG by Royal Dutch Shell. The ACCC said in a notice it postponed its final decision for an extra week to November 19 to allow it additional time to consider the proposed acquis
The concept of using wind power for offshore oil and gas applications is one step closer to realisation, DNV GL said in a press release on Thursday. WIN WIN, a DNV GL-led joint industry project (JIP), is running with the following seven participants: ExxonMobil, ENI Norge, Nexen Petroleum UK Ltd, St
Hundreds of transport workers, including over 100 of inspectors of the International Transport Workers’ Federation (ITF) took to the streets of Panama City on October 15th in a march against what they described as government attacks on the rights of Panamanian transport workers and the Panama Canal
Hundreds of transport workers, including over 100 of inspectors of the International Transport Workers’ Federation (ITF) took to the streets of Panama City on October 15th in a march against what they described as government attacks on the rights of Panamanian transport workers and the Panama Canal
Finnish engine manufacturer Wärtsilä informed its order intake decreased 17 percent to EUR 1,086 million in the third quarter of this year.
CCCC Third Harbor Engineering Co., Ltd. has recently won the bid for Phase 2 of the Shanghai Lingang offshore wind project with a contract value of some 478 million yuan (approx. EUR 67 million) and a construction period of 430 days. Located in the eastern waters of the Nanhui beach in Shanghai, the
The Crew Union of Towage Companies in Greece is about to stage a towage strike in Greece today which will affect vessel movements at all Greek ports and terminals, Inchcape Shipping Services (ISS) informed. The strike is scheduled to take place on 22nd to 23rd of October and will consist of daily fo
