Global engineering and construction firm SNC-Lavalin is set to take over its UK rival WS Atkins. Canada-based SNC-Lavalin has offered to buy WS Atkins for a total amount of around £2.1 billion (C$3.6 billion), or £20.80-a-share. The Atkins directors have endorsed the offer, deeming it “fair and reas
Italian oilfield services contractor Saipem recorded a drop in revenue and profit in the first quarter of 2017, however it said the drop was in line with expectations. Revenue fell to 2.26 million euros, from 2.84 million a year ago. Net profit was 47 million euros, a decrease from 61 million in the
The next two shipments of turbine components for the 40MW Tahkoluoto offshore wind farm are set to arrive in Pori, Finland, next week, according to the developer’s social media pages.
In light of increased maritime piracy attacks, especially off the Horn of Africa, which often include hijacking of seafarers, employers are facing new challenges. Namely, employers are obliged to pay salaries to their workers while in captivity, however, an issue arises on the duration of that payme
U.S.-based oil and gas giant ExxonMobil has signed a 20-year deal to supply liquefied natural gas (LNG) to Indonesian state energy company Pertamina. Under the memorandum of understanding, Pertamina will buy 1 million tonnes of LNG per year starting in 2025. No further details of the LNG supply agre
Vroon Offshore Service’s platform supply vessel (PSV) VOS Prelude has joined MPI Offshore’s wind turbine installation vessel (WTIV) MPI Discovery and another Vroon’s PSV, VOS Prime, on the 400MW Rampion offshore wind project off the south coast of England.
Kincardine Offshore Windfarm Limited (KOWL) has opted to use Kishorn Dry Dock in Strathcarron, Wester Ross, during the construction of the 48MW Kincardine floating wind farm.
Kincardine Offshore Windfarm Limited (KOWL) has opted to use Kishorn Dry Dock in Strathcarron, Wester Ross, during the construction of the 48MW Kincardine floating wind farm.
The Northwest Seaport Alliance (NWSA), comprised of the ports of Seattle and Tacoma, said that it has recorded the strongest first quarter international container volumes since 2005, which was a record-breaking year for the ports. From January to March 2017, NWSA’s full imports reached 351,607 TEUs,
Rhenus Offshore Logistics has concluded its first contract in the Baltic Sea after completing 15 supply runs to Iberdrola’s Wikinger offshore wind farm.
Keppel Offshore & Marine, Singapore’s largest offshore rig builder, still sees the offshore market as very challenging, despite the recent rise in oil prices after a 2014-slump. As a result, the company has cut half of its workforce since 2015. “This is due to, among other factors, the oversupply of
Potential liquefied natural gas deliveries from Russia to Kuwait have been discussed during the meeting between Gazprom’s head, Alexey Miller and Abdulaziz Al-Adwani, Kuwait’s ambassador to Russia.
KT Energy Corporation, an LNG solution provider based in Vancouver, British Columbia, has been granted a permit by the BC Oil and Gas Commission, to build its proposed facility near Fort Nelson.
India’s imports of liquefied natural gas (LNG) rose 8.3 percent in March as compared to the same month a year ago. India imported 2.07 billion cubic meters or about 1.53 million mt of LNG in March, as compared to 1.95 Bcm in the same month in 2016, according to the data from oil ministry’s Petroleum
