Subsea 7’s Seven Rio left the Huisman Schiedam quayside for her sea trials, after the installation of a 550mt Pipelay Tower. The company informed through their social media that the vessel will return to Huisman Schiedam in early August for the finalization of the Huisman scope of work. In November
A mariner on board Royal Research Ship (RRS) Discovery was injured in the early hours of July 28, whilst moving a large item of scientific equipment from the deck to the hanger. After various media sources reported that the mariner was injured on board Fugro’s R/V Discovery, Subsea World News contac
British oil giant BP has swung to a loss in its second quarter 2015 results due to low oil prices and charges related to the Deepwater Horizon claims. According to BP, underlying replacement cost profit for the quarter was $1.3 billion, compared with $2.6 billion for the previous quarter and $3.6 bi
Doha-based Qatar Navigation (Milaha) informed that its net profit increased 26 percent to QR 651 million in the first half of 2015, as compared with the same period a year before. Milaha, which owns a 30 percent stake in LNG shipper Nakilat, said that the company’s operating revenues increased 22 pe
Doha-based Qatar Navigation (Milaha) informed that its net profit increased 26 percent to QR 651 million in the first half of 2015, as compared with the same period a year before. Milaha, which owns a 30 percent stake in LNG shipper Nakilat, said that the company’s operating revenues increased 22 pe
Canada’s National Energy Board (NEB) has approved the application of Orca LNG for a 25 year natural gas export licence with a maximum term quantity of 901 billion cubic metres. The issuance of this licence is subject to the approval of the Governor in Council, NEB said on Monday. According to NEB, t
Canada’s National Energy Board (NEB) has approved the application of Orca LNG for a 25 year natural gas export licence with a maximum term quantity of 901 billion cubic metres. The issuance of this licence is subject to the approval of the Governor in Council, NEB said on Monday. According to NEB, t
LOC Houston has been named marine surveyor for America’s first 30 MW offshore wind farm offshore Block Island. This project will connect Block Island to the mainland grid for the first time, reducing island electric rates and diversifying Rhode Island’s power supply, while creating 300 local constru
Norwegian oil and gas giant Statoil informed its adjusted earnings were NOK 22.4 billion in the second quarter, as compared to NOK 32.3 billion in the same period in 2014. The reduction was primarily a consequence of lower oil prices in the second quarter of 2015 compared to the same period last yea
Norwegian oil and gas giant Statoil informed its adjusted earnings were NOK 22.4 billion in the second quarter, as compared to NOK 32.3 billion in the same period in 2014. The reduction was primarily a consequence of lower oil prices in the second quarter of 2015 compared to the same period last yea
The Port of Singapore launched on Tuesday its first Request for Proposal (RFP) for interested parties to apply for the LNG bunker supplier licence, which would allow the licencee to supply the chilled gas to vessels in the Port. In their submissions to the Maritime and Port Authority of Singapore (M
The Port of Singapore launched on Tuesday its first Request for Proposal (RFP) for interested parties to apply for the LNG bunker supplier licence, which would allow the licencee to supply the chilled gas to vessels in the Port. In their submissions to the Maritime and Port Authority of Singapore (M
Malaysia Marine and Heavy Engineering (MHB) posted a revenue of RM1.3 billion for the first half of 2015, as compared to RM1.65 billion for the same period a year before. MHB’s marine business segment recorded growths in revenue and profit against the same corresponding period last year, mainly due
Malaysia Marine and Heavy Engineering (MHB) posted a revenue of RM1.3 billion for the first half of 2015, as compared to RM1.65 billion for the same period a year before. MHB’s marine business segment recorded growths in revenue and profit against the same corresponding period last year, mainly due
