Former executives of now-defunct oil company Afren were found guilty of fraud and money laundering offenses from which they personally received more than $17m and laundered $45m
Russia and Norway have signed an agreement on mutual rights to seismic acquisition in the Barents Sea.
Spanish shipping company Baleària said it will add to its fleetwhat it claims to be the world’s largest and the first liquefied natural gas (LNG)-powered, high-speed catamaran. The new ferry with a length of 125 meters and a beam of 28 meters will be built at the Armon shipyard in Spain, according t
Jan De Nul Group has named its newest offshore installation vessel Taillevent, in the Belgian port of Ostend. Pauline Stassijns, granddaughter of director Dirk De Nul, baptised the vessel during the ceremony. In July 2018, Jan De Nul acquired this offshore installation vessel, at that time MPI Disco
The new gate intended for the world’s largest sea lock headed for the Netherlands.
Jan De Nul has officially named its newest offshore installation vessel, Taillevent, in the Belgian port of Ostend.
Oslo-listed offshore vessel owners Golden Energy Offshore Services has secured a bank loan to buy OCV/IMR vessels Larissa and Despina.
Nautilus criticizes UK government’s plans to charter in ships in case of a no-deal Brexit.
LNG engineer TechnipFMC reported a rise its third-quarter profit despite a decline in the company’s revenues. The company’s net income totaled $136.9 million, or $0.30 per share, a rise of 13.1 percent when compared to last year’s third quarter. Revenue was $3.1 billion, a 24.1 percent decrease year
The U.S. authorities have conditionally approved a project that will see the first oil production facility deployed in federal waters offshore Alaska – the Liberty project.
Golden Energy Offshore Services has secured financing and reached an agreement with Neptune Subsea to acquire its two IMR & light construction vessels Larissa and Despina. The purchase price is USD 39 million per vessel and the seller has agreed to subscribe to USD 8 million of shares in the company
Dynagas LNG Partners, a limited partnership formed by the Greek shipowner Dynagas, secured $53 million after the closure of its previously announced offering. Dynagas LNG said in a statement on Wednesday it has granted the underwriters a 30-day option to purchase up to an additional 330,000 Series B
Take a look at the compilation video of the last day of Offshore Energy Exhibition & Conference 2018 held in Amsterdam RAI. The final day of the 11th OEEC was packed with conference sessions, meetings, international missions, stage presentations and of course, lots of networking. The day 2 of the ev
Australian LNG player Woodside said Thursday that the Greater Western Flank Phase 2 project off the north-west coast of Australia has started gas production. GWF-2 project is part of the of the Woodside-operated North West Shelf (NWS) project. The project is located in Commonwealth waters about 135
