Belgium’s Exmar, the Nicolas Savery-led shipowner has secured a $200 million financing for its Caribbean FLNG currently located at the Wison Offshore & Marine’s yard in Nantong, China. The proceeds from the financing will be used to pay the last instalment to the shipyard. Exmar said in a statement
Belgium-based LNG operator Fluxys has merged with its wholly owned subsidiary Fluxys Finance that was in charge of the centralised management of cash funds and financing within the group. These activities will now be carried out by Fluxys itself. The transaction simplifies Fluxys’ organisational str
Houston-based energy giant and LNG player ConocoPhillips said it would sell its assets in the Barnett shale field in Texas to a unit of Miller Thomson & Partners for about $305 million. Full-year 2016 production associated with the Barnett assets was 11,000 barrels of oil equivalent per day (boed),
The Marine Energy Event 2017, organized in cooperation with the Dutch Energy from Water Association (EWA), offers delegates an insight in the latest developments in marine energy in the field of tidal and wave energy, salinity power and OTEC with a focus on bankable projects. The marine energy indus
By Emma Anderson, Ecosse Subsea Ecosse Subsea Systems Ltd. (ESS), based in Aberdeenshire, are delighted to announce the award of U.S.Pat.Nos. 9422690 and 9657455 for their SUST (SCAR Uninterrupted Soils Testing) plough technology. The ESS Over-the Stern Plough System is protected under patents pendi
By Emma Anderson, Ecosse Subsea Ecosse Subsea Systems Ltd. (ESS), based in Aberdeenshire, are delighted to announce the award of U.S.Pat.Nos. 9422690 and 9657455 for their SUST (SCAR Uninterrupted Soils Testing) plough technology. The ESS Over-the Stern Plough System is protected under patents pendi
By Karolin Schaps LONDON (Reuters) – Africa-focused oil explorer Tullow Oil <TLW.L> reduced debt in the first half of the year and reported a rise in gross profit under new CEO Paul McDade but a recent drop in oil prices means the company’s bottom line remains under threat. Tullow has been under pre
ExxonMobil, Eagle LNG Partners and Crowley have signed an agreement to collaborate on the development of liquefied natural gas (LNG) as a marine fuel. The goal is to establish the storage and technical support necessary to provide safe, reliable LNG delivery for vessel operators bunkering in North A
The economic and political sanctions imposed on Qatar earlier this month could protract indefinitely, BBC News reports citing a UAE government spokesman, according to whom Qatar seems to be unwilling to comply with a list of demands set by a number of Arab countries. Namely, after Saudi Arabia, the
The rotor for the 27th wind turbine was successfully installed last week at the Nordsee One construction site, marking the halfway point for turbine installation at the 332 MW wind farm.
The rotor for the 27th wind turbine was successfully installed last week at the Nordsee One construction site, marking the halfway point for turbine installation at the 332 MW wind farm.
Australian LNG player Woodside said its Karratha gas plant had suffered an unexpected production outage on Saturday. Work to restart production at the gas plant, which hosts the North West Shelf liquefied natural gas (LNG) export project, is underway, Reuters reported on Wednesday citing a Woodside
Keppel Offshore & Marine Ltd (Keppel O&M) has through its wholly owned subsidiary, Keppel Shipyard, won four contracts worth a total of SGD 85 million (around USD 61.4 million) for the conversion, repair and modification of vessels. “Despite the current challenging market conditions, we continue to
A ransomware cyberattack named Petya, or NOTPetya according to Kaspersky Labs, has hit organizations around the globe, including the Ukraine government, Denmark’s Maersk Group, and the Russian oil company Rosneft. According to several news reports screens around the world are receiving a ransomware
