eDrilling, a provider of drilling and well performance solutions, and Petrovietnam University have signed a memorandum of understanding (MoU) for a long-term engagement to drive digitalization of drilling operations in Vietnam. In 2010, the Prime Minister of Vietnam issued a decision on establishing
Sweden-based Volvo Trucks introduced new Euro 6-compliant heavy-duty trucks running on liquefied natural gas (LNG) or biogas. According to a Volvo Trucks statement, the Volvo FH LNG and Volvo FM LNG trucks are able to reduce carbon dioxide (CO2) emissions by 20 to 100 percent. This relates to emissi
Shell will not be selling its Thai assets to Kuwait’s KUFPEC, as the two companies have mutually agreed to cancel the previously agreed deal. The Anglo/Dutch oil giant on Wednesday said that its subsidiary, BG Asia Pacific, and KUFPEC Thailand , a subsidiary of Kuwait Foreign Petroleum Exploration C
The Hague-based LNG giant Shell has cancelled the $900 million sale of its stake in a Thai gas field to Kuwait’s state-owned KUFPEC. Shell said in January the company entered into a deal for the sale of subsidiary companies Shell Integrated Gas Thailand and Thai Energy Co, which together hold a 22.2
YOUNG IRO members are invited to attend the launching event (free of charge!) during the Offshore Energy Exhibition & Conference 2017. The event will take place on Tuesday 10 October 2017 in the Amtrium 2 (hall 5). Involvement of young professionals is key in IRO’s mission to contribute to a sustain
Finnish engine maker Wärtsilä has agreed to acquire Puregas Solutions, the Sweden-based provider of biogas upgrading solutions. The transaction is valued at 29 million euros with an additional maximum sum of 7.3 million euros to be paid based on the performance of the business in the coming year. Th
Aberdeen-based maritime specialist Seacroft Marine Consultants has launched 500m zone management assurance and auditing for offshore installations. Seacroft Marine said that the new assurance process would continue to monitor operational safety standards after providing initial training to help inst
Corvus Energy has received Type Approval by DNV GL for its Orca Energy energy storage system (ESS) for use in battery-powered or hybrid vessels and offshore units. Corvus said on Wednesday that the international oil & gas advisory and classification society’s approval confirms the latest generation
GE Power, a unit of the US-based giant General Electric, said Monday that commercial operation had been achieved for Chubu Electric Power’s Nishi-Nagoya power plant Block-1 in Japan. Featuring GE’s 7HA gas turbine technology and Toshiba’s steam turbine technology, Nishi-Nagoya Block-1 will provide m
The first US crude oil cargo of 1.6 million barrels bought by Indian Oil Corporation arrived from the US at Paradip Port on October 2, 2017. The cargo was carried on board New Prosperity, a very large crude carrier (VLCC). The ship, having a capacity of 2 million barrels of crude, left US Gulf Coast
After a three-year-long closure due to the military conflict in the country, Libya’s Port of Benghazi reopened on October 1, 2017. The port opening was marked with the arrival of an oil tanker from Tobruk with Abdullah al-Thinni, the Prime Minister of a government based in the east, on board the shi
Norwegian offshore shipping company Solstad Farstad has sold one of its platform supply vessels (PSVs). The sale was made by the Farstad Marine AS, a wholly owned subsidiary of Solstad Farstad ASA to an undisclosed buyer. Solstad Farstad said that the delivery of the vessel to the new owners took pl
Delfin LNG, the first and only permitted floating LNG export project in the United States, received approval from federal regulators to build the onshore metering, compression and pipeline facilities. The onshore facilities located in Cameron Parish, Louisiana would transport natural gas to Delfin L
Although the yard cannot confirm a name change, Aeolus 2.0 is certainly busy downloading a hardware package for an upgrade at the Damen Shiprepair yard in Schiedam, the Offshore WIND team who visited the vessel in Schiedam reports.
