Contracts

Optimarin ,Goltens Ink BWT Retrofit Agreement

Ballast Water Treatment (BWT) specialist Optimarin and Goltens, a provider of engineering and installation solutions for the shipping industry, have signed a nonexclusive

Damen Builds Tug, Dredger for Nicaragua

The Nicaraguan port authority Empresa Portuaria Nacional (EPN) is set to take delivery of two newbuilds from Damen Shipyards Group. Damen built both vessels, a

DNB Bank: Loan Book Risk is Manageable

Norway's DNB bank, one of the lenders most exposed to the energy sector, has tested its loan book against big oil price falls and expects losses to remain below their usual levels next year,

Schlumberger Wins Statoil Mariner Services Contract

Statoil has on behalf of the Mariner co-venturers awarded the contract for integrated drilling and well services on the Mariner field on the UK continental shelf

Norway's PSA Denies BP Platform Use

Norway's oil safety watchdog, the PSA, has denied BP's request to extend the lifetime of the QP platform at the Valhall field, which provides living quarters for workers,

Oil Price Bloodbath will Fuel Sector M&A Activity

Cash-rich majors the most likely buyers; M&A flurry expected once oil prices stabilize. Large oil companies flush with cash are expected to seize on the recent

Petronas Picks LyondellBasell Polypropylene Technology

Malaysia's state oil company Petroliam Nasional Bhd (Petronas) has chosen technology from U.S-listed LyondellBasell for a 900-tonne a year polypropylene plant in

North Dakota $5.3 billion Oil Tax Break Looms

Tumbling U.S. oil markets hit an important if obscure milestone on Thursday, closing for the first time at a price that could trigger a $5.3 billion, two-year tax

Oil Rallies to $60, but Headed for 4th Weekly Decline

Saudi oil minister says crude's price slump is temporary; Oil firms need to cut 2015 spending by $170 bln - Wood Mackenzie Brent crude oil rose to around $60 a barrel on Friday,

EnBW Buys Albatros Offshore Wind Project

German utility EnBW has bought Albatros, an offshore wind power project owned by Strabag and Norderland-Gruppe, for an undisclosed sum, the company said on Friday.

Norway Delays New Oil & Gas Licensing Until 2015

Norway has delayed the launch of its 23rd oil and gas licensing round until next year, the oil ministry said on Friday. The ministry did not give a reason for

Wärtsilä to Proceed with first LNG Terminal

  Wärtsilä has been given full notice to proceed (NTP) from Manga LNG Oy for the supply of a liquefied natural gas (LNG) import terminal in Tornio, Northern Finland.

Port of Galveston to Repair Public Pier

Galveston Wharves’ board of trustees today unanimously approved a project to repair pilings and pier deck in the Pier 19 area of the port. The board awarded the contract,

NASSCO Cuts Steel on APT "ECO Tanker"

General Dynamics NASSCO started construction of another ship in its commercial shipbuilding backlog, starting construction of a second “ECO” tanker to be built

Multraship Buys Three More Tugboats from Damen

Multraship and Damen Shipyards Group agreed on three new ASD (Azimuth Stern Drive) Tugs, all for delivery to Multraship in 2015. After delivery in Vietnam, scheduled

QGEP to Acquire FPSO from Teekay

Teekay Offshore Partners L.P. has entered into an agreement with a consortium led by Queiroz Galvão Exploração e Produção SA (QGEP) to provide a floating production,

Wärtsilä Bags Seawater Desalination System Orders

The Meyer Werft Germany, Meyer Turku, STX France and Fincantieri shipyards have all placed orders with Wärtsilä for the supply of fresh water generators to a total of seven cruise ships.

Jackup Rig Delivered to Abu Dhabi’s NDC

Lamprell delivers its 11th Super 116E jackup drilling unit Lamprell has completed the construction of jackup drilling rig, the Shuwehat, and has delivered the

Saudis: OPEC Can't Cut Pricing Without Help

Saudi Arabia's powerful oil minister said on Thursday that OPEC could not cut output without the support of other big producers and attempts to get them on board had not worked.

US Navy to Expand Torpedo Defense Measures

Submarine-launched torpedoes are a significant wartime threat to military and civilian ships, and the U.S. Navy is seeking countermeasures through effective methods of detecting,

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