ION Geophysical has announced a new 2D multi-client program offshore Gabon in cooperation with the country’s Ministry of Petroleum and Hydrocarbons and the Direction Général des Hydrocarbures. ION Geophysical said on Wednesday that the multi-client program, named EquatorSPAN II, included over 1,900
Economic stability and sustainable development can be driven by an integrated approach to the maritime sector, including ports, maritime security and facilitation of maritime traffic, according to Chris Trelawny, Special Advisor to the Secretary-General on Maritime Security and Facilitation, IMO. Jo
London-headquartered law firm Herbert Smith Freehills has advised South Korea’s Kogas on its participation in the $11 billion Coral floating LNG project in Mozambique.
Florida’s Port Canaveral welcomed Glovis Caravel, a huge roll-on/roll-off vessel, for the first time on June 21. The Bahamas-flagged ship can carry 6,500 vehicles. With a deadweight of 20,400 tons, Glovis Caravel features a length of 200 meters and a width of 32.3 meters. Built at Hyundai Mipo yard
The impact of the reversal of policy toward Cuba announced by the US President Donald Trump is expected to be limited on maritime trade, marine insurer West of England said. On June 16, Trump issued a memorandum on strengthening the US policy toward Cuba, calling the relaxation of sanctions against
The severing of diplomatic ties between Qatar and its neighbors in the Gulf has caught the market off guard, causing a lot of concern amid growing uncertainty surrounding the impact of the crisis on the shipping industry. Being the world’s biggest exporter of LNG, it was assumed that the LNG shippin
The U.S. authorities will on Wednesday hold a lease sale offering more than a million acres for exploration in Alaska’s Cook Inlet. The lease sale “Cook Inlet Oil & Gas Lease Sale 244“ will be live streamed. The U.S. Bureau of Ocean Energy Management (BOEM) began accepting sealed bids May 18, and cl
India’s largest importer of liquefied natural gas, Petronet LNG is reportedly in negotiations with Gujarat State Petroleum Corporation over a 25 percent stake in Mundra LNG import terminal.
Norway’s oil production in May 2017 was 2.8 percent higher than oil production in the same month last year, according to a report by the Norwegian Petroleum Directorate (NPD). The NPD’s production figures showed an average daily production of 1,980,000 barrels of oil, NGL and condensate, which is a
The maritime industry and broader ocean supply chain are suffering from major and costly inefficiencies due to ineffective data sharing and poor cross-industry collaboration, a new report and industry survey released by the Business Performance Innovation (BPI) Network in coordination with Navis and
Britain is set to lose its largest natural gas storage site, increasing the country’s reliance on imported energy, after British Gas owner Centrica, said it would close its ageing Rough facility.
Standardised working practices, regulations and shared resources for the UK and Netherlands would bring much needed savings and operational excellence in the “small basin” of the Southern North Sea, industry experts were told.
M-Tech Offshore, the Danish joint venture company owned by NT Offshore and Maritech International, has acquired the CLV SIA cable laying vessel from CT Offshore. The recently upgraded DP-2 cable laying vessel, has been configured for worldwide inter-array and subsea power cable installations and mai
Following Centrica Storage’s Tuesday announcement that it would not reopen its 3.4 bcm Rough storage facility, Wood Mackenzie, an energy intelligence group, has said it is no surprise, given the commercial reality of the current gas storage market in the UK and wider NW European market. Centrica’s a
