U.S. president Donald Trump has proposed a $204.9 million Fiscal Year (FY) 2018 budget for the Bureau of Safety and Environmental Enforcement (BSEE). The BSEE is a department responsible for safety in the U.S. offshore energy industry. The FY 2018 budget request is $204.9 million, a $600,000 increas
India’s Reliance Power has been authorized by the Cabinet Committee on Public Purchase to build a 718 MW gas-fired power plant in Bangladesh.
Singapore-based offshore vessel owner Vallianz has reached agreements with Swiber and Rawabi to restructure its $138.7 million debt. Swiber, which holds 903,534,986 shares or 20.9% equity interests in Vallianz, had on October 13, 2016 notified the company of its interest to participate in the renoun
The Maine Public Utilities Commission (PUC) declined funding for a new LNG peakshaving facility in the U.S. northeasternmost state.
A captain of a container ship has apparently committed suicide during a voyage from New York, United States to Tilbury, the UK, according to Apostleship of the Sea (AoS). The 2,824 TEU Santa Bettina was one week into its voyage when the captain apparently took his own life on board, leaving its crew
Image Courtesy: Panama Canal Authority The Panama Canal welcomed the 13,208 TEU OOCL France on May 24, the largest vessel to transit the Expanded Canal since its inauguration in June 2016. The Neopanamax boxship, which features a length of 366.5 meters and a width of 48.2 meters, transited the water
EnQuest has informed that its Kraken field in the UK North Sea is expected to start producing oil by the end of June. The Kraken field, to be developed using the Armada Kraken FPSO, is a large heavy oil accumulation located in the East Shetland basin, to the west of the North Viking Graben some [&he
SeaBird Exploration has signed a letter of award for some additional work in West Africa for an undisclosed client. The project is due to start in late second quarter and will have a duration of approximately two weeks. SeaBird will be using the Osprey Explorer for the project. The company did not p
Petrofac, the international oil and gas facilities service provider, has suspended its chief operating office, Marwan Chedid, until further notice following Serious Fraud Office’s investigation into the company related to Unaoil and other agents.
Along with Statoil receiving consent to start production from the Gina Krog field in the North Sea, the Petroleum Safety Authority (PSA) issued a “clean bill of health” for the Gina Krog FSO. The Norwegian safety body carried out an audit of the design and fabrication of the Gina Krog floating stora
James Fisher Subsea Excavation (JFSE) has completed an excavation project for Seatek in the Kandla Gujarat region of North-west India. The company deployed its shallow water Twin R2000 tool for post-lay trenching and backfilling of an HDPE pipeline with concrete sinker blocks over a distance of 7.5k
Pedro Parente, CEO of Petrobras, and Robin Watson, chief executive of Wood Group, will speak at the opening plenary session at SPE Offshore Europe to be held in Aberdeen from September 5-8, 2017. They will join Ben van Beurden, CEO of Royal Dutch Shell, and Bob Dudley, chief executive of BP, to addr
The Port of Oakland has assumed a more prominent role in Southeast Asian trade, the port’s executive director Chris Lytle said, announcing that direct vessel calls from Oakland to Southeast Asia have risen by 50 percent this spring. Namely, direct weekly vessel calls to Southeast Asia have risen fro
Solstad Offshore (SOFF) has been awarded new contracts and contract extensions for four of the company’s PSV. The Norwegian company said the contracts would start in May and June. The contracts consist of a combined total of ca 500 vessel days which are split between the vessels “Normand Flipper”, “
