Offshore Energy

MOL Signs Long-Term Charter with Uruguayan JV for FSRU

 Japanese shipping company Mitsui O.S.K. Lines, has, through its wholly-owned subsidiary Lakler S.A., agreed to conclude a charter contract with Gas Sayago, for

Ithaca’s FPF-1 platform to be moved to Stella field

Ithaca Energy Inc. reports that the "FPF-1" floating production facility has completed the required inclination test as planned and departed the Remontowa shipyard in Gdansk, Poland.

U.S. Drillers add Rigs for Fourth Straight Week

U.S. drillers this week added oil rigs for a fourth consecutive week, according to a closely followed report on Friday, with the recent return to the well pad expected

Cyprus Gets Six Expressions of Interest in Gas Licensing Round

Cyprus has received six applications from eight companies for licensing rights in three offshore blocks up for hydrocarbon exploration.   The east Mediterranean island sits in the Levant basin,

Boskalis Awarded Aberdeen Offshore Wind Farm Contract

Royal Boskalis Westminster N.V. (Boskalis) has been awarded the Offshore Balance of Plant contract by Vattenfall for the construction of Aberdeen Offshore Wind Farm,

Drydocks World Conforms to FPC under EU Regulation

Drydocks World, the international service provider to the shipping, offshore, oil, gas and energy sectors has successfully been certified to European Standards EN 1090 – 1 and EN 1090-2.

Keppel Posts Fifth Straight Quarterly Profit Drop

Q2 net profit S$205 mln vs S$397 mln year ago; offshore and marine revenue down 54 pct. Second-quarter profits at Singaporean rigbuilder Keppel Corp fell 48 percent from a year ago,

Refined Product Glut adds to Crude Gloom

A glut of refined products has worsened the already-grim outlook for U.S. crude oil for the rest of the year and the first half of 2017, traders warned this week,

Precision Drilling: Producers Hiking Budgets

Company says Q2 drilling activity lowest in decades; U.S. rig count up 27 pct to 28 active rigs from trough. Canada's Precision Drilling Corp said drilling activity

Vard Reports High Order Intake from Non-offshore Markets

New order intake of NOK 6.2 billion from contract wins for 19 vessels. Vard Holdings Limited (“VARD”, and together with its subsidiaries, the “Group”), one of

Low Crude Prices dim Revenue Hopes from new Ghana oilfield

New oil production ship cost $1.6 billion. Some analysts say output from Jubilee field disappointing, but Tullow confident new ship avoids problems on Jubilee vessel.

Gulf Keystone Shares Fluctuate Widely

Traded volumes hit record high as retail investors pile in; junk bond funds set to get large stake after debt swap. Gulf Keystone's stock spiked and fell by

Mexico Oil Regulator Oks Auction Terms For 15 Shallow Water Areas

Mexico's oil regulator approved auction terms on Tuesday for 15 shallow water areas in the Southern gulf of Mexico, set to be bid out in March of 2017 as part of

Sonardyne Appoints Brown as Sales and Marketing Director

Subsea technology company Sonardyne International Ltd. UK, has named Graham Brown as its new Sales and Marketing Director. With immediate effect, Brown  is responsible

MMT, TenneT Ink Contract Award

MMT has announced that they have signed a four year framework agreement with TenneT.   The framework agreement runs from 2016 to 2020 and MMT has been selected

ELA Accommodation Containers DNV Certified

ELA Container Offshore GmbH has announced that they gained the DNV 2.7-2 certification for their ELA Offshore Accommodation Containers.   With this, ELA Offshore

Front Puffin FPSO Commissioned - Panoro Energy

The commissioning of the Front Puffin FPSO has now been completed, and the Front Puffin FPSO is on hire following the 72 hour test.   Targeted stabilised production rates have not yet been achieved,

U.S. Stocks Near Record Highs, Oil Falls

Oil prices fall over 1 pct on supply concerns. U.S. stock prices rose on Monday, with the Dow Jones Industrial Average and S&P 500 hovering near record highs amid upbeat company earnings,

North Sea Workers' Strike to Severely Disrupt Shell Operations

Wood Group oil and gas maintenance workers employed at several Royal Dutch Shell platforms in the North Sea will go on strike for 24 hours on July 26, labour union Unite said on Monday.

Trelleborg Introduces Renewables Cable Protection System

Trelleborg’s offshore operation recently launched its protection system, NjordGuard, for the renewables market.   The system is designed to protect offshore

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