Jan de Nul has completed sea trials of it’s recently-launched multi-purpose vessel Adhémar de Saint-Venant. The sea trials took place in the Yellow Sea, the company informed through social media. The Adhémar de Saint-Venant vessel was launched in February from AVIC shipyard in Weihai, China. The ves
Xcite Energy’s Bentley field in the UK North Sea could have a new owner by the end of June. This is according to FTI Consulting which has been appointed liquidator of the company after Xcite failed to raise funds for debt payment. The company, the operator of the undeveloped Bentley field in the UK
Singapore’s offshore support solutions provider, Pacific Radiance, has been granted S$85 million ($61.5M) in loans under two Singapore government-backed financing schemes that will help support its working capital needs over the medium term. The two programs – the Internationalisation Finance Scheme
European Transport Ministers adopted today conclusions on the priorities for the EU’s maritime transport policy until 2020, the European Community Shipowners’ Associations (ECSA) informed. The conclusions endorse the content of the so-called ‘Valletta Declaration’ adopted at the informal ministerial
LONDON (Reuters) – A change in UK listing rules for a potential initial public offering of oil company Saudi Aramco would be “highly inappropriate”, fund manager Royal London said on Thursday, adding it would lobby against such a move. “Any attempt to bend the listing rules in order to facilitate th
France’s LNG player Engie, through its unit, GDF International, has reportedly set the wheels in motion to sell its 10 percent stake in India’s largest LNG importer, Petronet LNG. Citing a term sheet, Bloomberg reports the company is offering 75 million shares in total looking to rake in about $513
The oversupply of tonnage in the shipping industry should be left to sort out itself, it was concluded at a panel debate on Ship Oversupply and Accelerating Sustainable Recycling, held on June 6 in London, UK. Over the past eight years, the world fleet has grown by 50 percent in tonnage terms, which
The Wall Street Journal has reported that Russia could buy back the stake in Rosneft it sold to Qatar and Glencore, however the two companies have quickly issued rebuttal statements. To remind, Russia’s state-owned Rosneft in December 2016 sold a 19,5 percent stake in the company to a consortium com
The U.S. Bureau of Ocean Energy Management (BOEM) has joined federal partners to launch intensive marine assessment program for protected species in the Gulf of Mexico. BOEM said on Wednesday that it is funding and participating in a federal research partnership that launched an intensive three-year
By Volker Beckers, Erasmus Centre For Future Energy Business Energy Transition should involve every business, politics and should be a part of every educational curriculum, says Volker Beckers, former Group CEO RWE and now, among other activities, Chairman of the Erasmus Centre of Future Energy Busi
Klaipedos Nafta, the operator of the first Lithuanian LNG terminal, said the revenue from the facility during the month of May 2017 remained flat.
The first oil from the giant SNE oil field offshore Senegal might be delayed due to an ongoing dispute between the license partners. Partners in the three exploration blocks containing the SNE discovery are Cairn Energy, as the operator with 40% interest, Petrosen, the Senegalese National Oil Compan
Image Courtesy: Port of Hamburg/Nick Henrikman Verstegen In April, COSCO Shipping Lines loaded a 126-ton plant section on to the 14,000-TEU containership CSCL Jupiter in Shanghai. On June 1, 37 days later, this unusually heavy unit was transhipped at HHLA Container Terminal Tollerort. The rotary boi
Global Petroleum has contracted Seabird Exploration of Norway for the acquisitions of 834 km of full fold 2D seismic data over its offshore block in Namibia. The survey has been designed as an infill programme with the aim of providing better delineation of an extremely large, multi-level, dip close
