LNG carrier repair specialist Malaysia Marine and Heavy Engineering reported a profit during the fourth quarter of 2017 despite a lower revenue. MMHE reported a net profit of 47.13 million ringgit ($12.07m) for its fourth quarter versus a net loss of 119.7 million ringgit in the same quarter last ye
Norway has seen a record number of vessels in the Norwegian International Ship Register since 2008.
Norwegian energy giant and LNG operator Statoil swung to a quarterly profit due in part to rising oil and gas prices, and higher production. The company on Wednesday reported a fourth-quarter IFRS net income of $2.6 billion, compared to last year’s loss of $2.8 billion. Adjusted earnings were $4 bil
Norwegian oil services company Aker Solutions has invested in floating wind power technology company Principle Power Inc., forming an alliance that brings its offshore oil and gas field engineering expertise into a renewable energy market.
Spanish LNG operator Gas Natural Fenosa named Francisco Reynés as new chief executive and chairman of the company’s board in a major leadership reshuffle. Reynes will replace Isidro Fainé Casas who served as president of Gas Natural Fenosa since 2016. Casas has been appointed honorary chairman, the
A tug arrived at the location of the stricken MOL Prestige boxship and has started towing the ship.
Brazil’s QGEP has informed that Statoil has so far paid it half of the total purchase price for its stake in a block offshore Brazil, and that the remaining payments would be following soon.
Marseille Fos handled a record 1.4 million TEU in 2017 which was the sixth consecutive year of growth for the port.
The European Maritime Safety Agency (EMSA) has on Thursday issued a guidance on liquefied natural gas (LNG) bunkering. The document named “Guidance on LNG Bunkering to Port Authorities and Administrations” was prepared in close cooperation with the European Commission (DG MOVE), member states and in
Canadian Armed Forces have released a video of the rescue operation of MOL Prestige crew members.
A unit of French energy giant Total and Japan’s Mitsui O.S.K. Lines (MOL) have signed a long-term charter contract for a large liquefied natural gas (LNG) bunker vessel. The vessel that will have a capacity of 18,600 cbm is scheduled for delivery in 2020. It will operate in Northern Europe and will
Europe added close to 3.2GW of offshore wind capacity last year, taking the total installed and grid-connected capacity from 12.6GW in 2016 to 15.8GW at the end of 2017 and thus marking a 25% increase in just one year. Including sites with partial grid connection, there are now 92 offshore wind farm
UK-based energy giant and LNG player BP reported a surge in its fourth-quarter earnings boosted by higher oil and gas prices and a rise in production from new projects. BP’s underlying replacement cost profit, the company’s version of net profit, was at $2.1 billion, compared with $400 million in th
Marine Express and its twenty-two crew members have reassumed control of their ship.
