Offshore

Floating Production: $1.2b Speculative FLNG Ordered

The floating production business continues to be very strong, particularly in the LNG gas processing sector.  Last month saw a speculatively ordered floating liquefaction plant – a $1.

Global Nuclear Power Falls to Lowest Level Since 1980s

Atomic power's share of global electricity supply is at the lowest level since the 1980s following the shutdown of Japan's reactors after the Fukushima disaster,

Talisman Energy Posts Surprise Loss

Talisman Energy Inc, Canada's fifth-largest independent petroleum producer, reported a surprise loss, hurt by lower gas prices in North America and higher royalty payments on production.

National Oilwell Profit Beats Street, Rig Margins Up

National Oilwell Varco Inc, the largest U.S. oilfield equipment provider, reported a better-than-expected rise in profit for the fourth quarter in a row due to

Yukos Shareholders Ready for $50 bln Compensation Talks

Shareholders of former Russian oil producer Yukos are ready to discuss with Russia a court's decision to award them $50 billion in compensation, Tim Osborne, director of holding company GML,

RAstar 3900 Ship-Handling Tug for Ningbo Port

  A new Ship-Handling tug, Yong Gang Tuo 31, was delivered to its owner Ningbo Port Company Limited in early July 2014. The vessel was constructed at Jiangsu Zhenjiang Shipyard (Group) Co.

FLNG Prelude: A New Dawn in the Age of Maritime & Energy

Longer than four football fields, as big as six Nimitz-class aircraft carriers and almost as tall as the Taipei 101 skyscraper, Royal Dutch Shell PLC is hoping that its record-setting,

Corvus Energy, GMC Close Financing Agreement

Corvus Energy today announced that it has completed a strategic investment by Green Marine Capital (GMC) previously announced on May 5, 2014. Green Marine Capital,

Ferguson Group Enhances European Presence

In a move to expand its presence in the European energy markets, Ferguson Group, specialists in the rental of DNV 2.7-1 / EN 12079 certified offshore containers,

Seatronics Signs Global Contract with Digital Edge Subsea

Seatronics, an Acteon company, has signed a worldwide contract with Digital Edge Subsea Ltd for Digital Edge Subsea’s complete range of digital video inspection systems.

Asahi/America Announces ABS Product Approvals

Asahi/America, Inc., a leader in thermoplastic fluid flow technology, announces American Bureau of Shipping (ABS) product approvals for their Type-21 ball valves,

Valemon Topsides Installed

On Monday, July 28, the topsides were lifted into place on the steel jacket on the Valemon field in the North Sea. Produced by Samsung Heavy Industries this is

Kemp: Higher Oil Price Forecasts Misjudge Shale Boom

"The world of energy may have changed forever," according to Professor James Hamilton of the University of California. "Hundred dollar oil is here to stay." Hamilton,

Oil Below $108 on Excess Supply, Weak Demand

Demand weak in Europe and Asia but supplies ample; Gaza fighting subsides with Hamas backing 24-hour truce. U.S., EU prepare more sanctions on Russia over Ukraine.

Investors Dump Higher Oil Bets as Prices Fall

Brent net longs cut by 34,786 contracts to 117,195; Gasoil net longs down 13,947 contracts to 20,604. Cuts follow big fall in prices. Hedge funds and other

Offshore Installation at Lerwick

  A large steel oil storage tank to be installed west of Shetland as part of Premier’s development of the Solan field has arrived in Lerwick onboard a heavy-transport vessel Xiang Yun Kou,

Wagenbourg New Crane for Oil, Gas, Energy Sector

  Wagenborg Nedlift has expanded her crane fleet with a brand new 700 tonnes mobile crane. With this crane the fleet is significantly strengthened. Equipped with

Eni to Revive Saipem Sale Plans

The new management of Italy's Eni plans to press on with the sale of a controlling stake in oil services subsidiary Saipem so it can focus on the more lucrative business of finding oil and gas,

Study: An Arctic Oil Well Blowout Could Spread More Than 1,000km

Oil from a spill or oil well blowout in the Arctic waters of Canada's Beaufort Sea could easily become trapped in sea ice and potentially spread more than 1,000 kilometres to the west coast of Alaska,

TDW Replaces Valves, Repairs Lines Offshore Malaysia

Keeping offshore Malaysias safe; valve replacements and line repairs using SmartPlug isolation tool When it comes to keeping pipelines in top operating condition,

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