Urgent Need to Cut Costs in UK North Sea
Britain's North Sea oil and gas industry faces a bleak future where more fields are likely to become uneconomic and shut in as platforms close - unless costs can be controlled, operators say. For some elderly platforms in the Northern North Sea, time is running out. If the industry does not get to grips with costs quickly, fresh investment is likely to dry up, forcing unsaleable rusting rigs to be abandoned.
Offshore Float-over Installation Generates Renewed Interest
An offshore installation method that is more than three decades old is generating renewed interest from many operators who are challenged with designing heavy-lift crane installations. Float-over installation has become a cost-effective alternative to lift installation for offshore construction, as ever-increasing size and weight of decks constantly exceed the lifting capacity of floating cranes. Exploration…
Simplifying Float-over: Versatile Ballast System
Mammoet recently introduced its Versatile Ballast System, something it says is an improved ballast system that simplifies and combines ballasting for load-out and float-over operations. It is a sophisticated, yet simple, fully modularized system that is easily installed and fits any barge without the need for modifications. The system uses one equipment set-up that is able to perform both ballasting operations.
Exxon's New Guinea LNG Plant: 4 August Cargoes
ExxonMobil's Papua New Guinea liquefied natural gas (LNG) export plant is offering to sell four cargoes loading in August to long-term buyers as well as Asian end-users, two traders said.
China Scolds Vietnam over China Sea Rig Row
China's top diplomat scolded Vietnamese officials during talks in Hanoi on Wednesday for "hyping up" a row over a Chinese oil rig drilling in disputed waters in the South China Sea…
Maersk Shares Fall Following China's P3 Alliance Refusal
A.P. Moller-Maersk said on Tuesday it had abandoned a planned ship pooling network after China's Ministry of Commerce surprisingly announced it had not approved it.
Obama Plans to Create World's Largest Marine Protected Area
The proposed Marine Protected Area (MPA) is in the middle of the Pacific Ocean where the White House intends to extend an existing protected area, known as the Pacific…
Norden CEO Carsten Mortensen Leaving for BW Group
After 17 years with Dampskibsselskabet NORDEN A/S, with almost 10 years as CEO, Carsten Mortensen says he has decided to resign his position as CEO of NORDEN and…
Northern Gateway Pipeline Approved by Canada
The Chamber of Shipping of British Columbia says it welcomes the federal government's decision to approve the Northern Gateway Pipeline. The 1,177-km (731 miles) pipeline project…
BIMCO Making Strides on Standard Bunker Contract Revision
BIMCO says that its sub-committee of purchasers and suppliers tasked with revising BIMCO’s standard bunker contract met again recently at BIMCO House to review comments…
British National Naval Memorial Unveiled
The UK Ministry of Defence (MOD) informs that serving sailors, veterans, cadets and supporters turned out in force to witness the unveiling of the memorial at the…
Far East Contract for Icebreaking AHTS 'Tor Viking'
Viking Supply Ships says it has entered into a contract with a major oil company for their AHTS vessel 'Tor Viking'. The charter of the AHTS will be in the Far East region, commencing in June 2014.
Port of Hueneme Welcomes New Brusco Tugboat
The Port of Hueneme says that over 40 Port, industry and community partners welcomed Brusco Tug & Barge's newest 78-foot by 31-foot ship assist tug, the 'Simone Brusco' at the ceremony.
Gazprom GDRs Listed On Singapore Exchange
Today Gazprom's unrestricted American Depositary Shares (the Global Depositary Receipts or the GDRs) were granted an introductory listing and included in the quotation list of the Singapore Exchange.
Hutton's Group Strengthens Aberdeen Ship Service Team
Leading ship supplier Hutton’s Group says it has strengthened its Aberdeen logistics team with the appointment of a new Branch Manager, Kirstene Wilson, who starts…
