Greek oil company Energean Oil & Gas, the operator of the Karish and Tanin natural gas fields located offshore Israel, has launched an illustration of an FPSO vessel, which will be used for the Israeli project development. To remind, Energean submitted the field development plan (FDP) for the Karish
Commercial vessel traffic in the St. Marys River was shut down after the 629-foot US bulk carrier Calumet ran aground on the north side of Sugar Island, the United States Coast Guard said. The bulk carrier departed Essar Steel in Sault Ste. Marie, Ontario and was transiting downbound on the St. Mary
The Hague-based LNG giant Shell on Friday said it has strengthened its position in the LNG bunkering business with the arrival of its bunker vessel, Cardissa and an LNG bunker barge charter deal.
IADC – International Association of Dredging Companies – has just announced the 2nd IADC Safety Award 2017 nominee: Boskalis’ Mooring Actuator. Secured to a backhoe’s bollards with heavy lines, a barge assists with the transport of material dredged by the backhoe. Conventionally, two crew members mu
South Korean LNG buying giant Kogas reported a 10.7 percent decline in its operating profit in the first half of this year. The state-owned gas utility’s operating profit dropped to 793 billion won ($693m) in the period under review from 888 billion won in the first half of 2016. Kogas’ revenue rose
The Reserve Bank of Australia said that LNG exports are expected to contribute almost 0.5 percentage point to GDP growth per year between 2017 and 2019.
PHI Group has signed a Memorandum of Understanding (MoU) with Aquarius Power, a Texas company, to provide renewable energy technology to Vietnam. PHI has also made an investment to become a strategic shareholder of AQP. PHI and AQP will form a joint venture company which will have the exclusive righ
KNOT Offshore Partners is set to expand its fleet with the recently built Lena Knutsen shuttle tanker. During the second quarter, the company entered into a share purchase agreement with Knutsen NYK to acquire the company that owns the Lena Knutsen. Built by Hyundai Heavy Industries in South Korea i
Greece-based product tanker company Pyxis Tankers suffered a net loss of USD 0.8 million in the second quarter of this year, compared to a net income of USD 0.4 million seen in the same period in 2016. However, the company managed to narrow its loss from USD 1.7 million reported in the first quarter
The Georgia Ports Authority witnessed an increase in its volumes for the calendar year through July, which were up by 10.8 percent. GPA moved 2.33 million twenty-foot equivalent container units so far, handling an additional 230,000 TEUs. Total tonnage crossing GPA docks grew by 13 percent, or 2.37
Fifty elected officials, small businesses, community groups, and environmental organizations from North Carolina sent a letter to Governor Roy Cooper calling on him to embrace offshore wind as a key part of the state’s energy plan.
Fifty elected officials, small businesses, community groups, and environmental organizations from North Carolina sent a letter to Governor Roy Cooper calling on him to embrace offshore wind as a key part of the state’s energy plan.
Roches Beach has been identified as the most vulnerable site in Tasmania to coastal erosion and inundation, according to the Clarence City. After a major storm in 2011, the council rebuilt dunes and constructed timber access steps. The council has decided to take a pro-active approach to protect the
Bumi Armada’s wholly owned subsidiary Bumi Armada Caspian has signed a supplementary agreement with Lukoil for additional engineering, procurement, construction and installation (EPCI) scope. The additional scope will involve Bumi Armada’s Subsea Construction assets to lay subsea pipelines and under
