An international arbitration tribunal has ruled that Russia must pay a 5.39 million euros compensation to the Netherlands for the damage to the Dutch-flagged, Greenpeace-operated Arctic Sunrise vessel, and the arrest of Greenpeace protesters in 2013. The arbitration, launched by the Netherlands, con
The first of five wind turbines for the world’s first floating offshore wind farm – Hywind Scotland – has left the project’s assembly base in Stord, Norway, and is now on its way to the site off the coast of Peterhead in Aberdeenshire, Scotland.
The first of five wind turbines for the world’s first floating offshore wind farm – Hywind Scotland – has left the project’s assembly base in Stord, Norway, and is now on its way to the site off the coast of Peterhead in Aberdeenshire, Scotland.
Oil giant Shell has received consent from the Norwegian offshore safety regulator, the Petroleum Safety Authority (PSA), for the use of Island Constructor vessel for the start-up of a well offshore Norway. The well, designated as 6407/9-G-5, is located on the Shell-operated Draugen field, which is a
UK’s offshore regulator, the Oil & Gas Authority (OGA), has made another set of data packages openly available in an effort to help revitalize exploration of oil and gas in the UK Continental Shelf (UKCS). This latest data release follows the publication of a suite of subsurface data packages in Jun
Offshore wind moving forward with cutting down the cost of energy brings both a certain risk to the developers and pressure on the supply chain. The industry needs to stand together with a joint aim to further reduce the price of offshore wind power, according to Lars Kristensen, Senior Vice Preside
Canada is a “late entrant” to the global liquefied natural gas market and the next several years will be critical to the development of the Canadian LNG industry, according to a new report released by the country’s National Energy Board (NEB). The report, titled Canada’s Role in the Global LNG Marke
Horizon Oil said it has increased its interest in the total certified resources contained in Papua New Guinea’s Western Foreland fields of 2.0 – 2.5 tcf gas and 60 – 70 mmbbl of condensate to about 28 percent.
Hyperdynamics Corporation, soon to spud its 650 mboe Fatala prospect in Guinea, has reminded owners of its of its common stock to submit their vote on a company proposal that would authorize its board of directors at its discretion to implement a reverse stock split. The company is working to get th
There was an overall 15% decrease in global maritime security incidents in the first half of 2017, compared with the same period of 2016, according to Control Risks’ latest maritime analysis. As explained, the drop was in part driven by a significant decline in maritime piracy in the Gulf of Guinea,
The assumption that the rise of mega-ships and alliances would limit the coverage of direct mainline container services to key gateways and hubs has thus far been inaccurate, according to shipping consultancy Drewry. A combination of excess ship capacity, relatively low bunker costs and improving po
Premier Oil, a UK-based oil and gas company which has been working on debt refinancing for months, has made a crucial step in its efforts. The company on Tuesday said its schemes of arrangement had received final sanction at a hearing of the Court of Session in Scotland. Following the sanction of th
Scottish Enterprise has announced that it is contributing GBP 11.7 million to the expansion of Aberdeen Harbour, in addition to a loan of up to GBP 175 million from the European Investment Bank and the support of up to GBP 11 million provided by Aberdeen City and Aberdeenshire Councils via the Aberd
Edition three of the Offshore WIND Magazine will boast an HR topic, including interviews with governmental bodies from three countries. Next to that Bent Christensen, Vice President Siemens Gamesa, will feature in the main interview and we will delve deeper into the future of ever-growing turbines w
