DNV GL's P&A Guideline Could Save O&G $ 32 bln
The plugging and abandonment (P&A) of offshore wells represents a significant cost to operating companies and national authorities. On the Norwegian Continental Shelf (NCS) alone, the cost is estimated to be USD108bn (NOK1870bn) over the next 40 years. Now a new DNV GL guideline will introduce a risk-based approach instead of the current prescriptive practice. DNV GL estimates that when combined with optimized project execution and new technology, the P&A cost can be reduced by 30-50%.
Using Key Data to Remain Competitive
The future competitiveness of the maritime industry will be affected by how rapidly shipping operators take advantage of big data, according to one of the world’s…
IMO Adopts Regulations for Ships Using LNG
United Nations' International Maritime Organization (IMO) adopted globally binding regulations for ships using liquefied natural gas (LNG) as fuel. The IMO has just…
MSC's ECSA Service to the US & Mexican Gul
Mediterranean Shipping Company announced improvements to its MSC’s East Coast South America (ECSA) service to and from the US & Mexican Gulf, effective from the first week of July.
HAL’s ms Noordam Rescues 41 in Glacier Bay, Alaska
While in the vicinity of Jaw Point at Glacier Bay, Alaska, Holland America Line’s ms Noordam assisted 41 persons on a disabled sightseeing boat Wednesday, June 10.
Cargotec Bags Daewoo's Deck Machinery Order
MacGregor, part of Cargotec, has signed a major contract with Daewoo Shipbuilding & Marine Engineering Co Ltd in South Korea to supply a range of Hatlapa deck machinery for ten 172…
Cyprus Transport Ministry to call for tenders for Limassol Port
The government of Cyprus has changed the legal framework of the Cyprus Ports Authority (CPA), which will allow commercial operations at Limassol port to be privatised.
Arctic Drilling Protest Get Star Power from Jane Fonda and Rachel McAdams
Actors Jane Fonda and Rachel McAdams added their star power to protest against Shell’s plan to drill for oil in the Arctic. Both are opposed to Shell drilling in the Arctic.
Capital Product Partners Tankers get Contracts
Capital Product Partners (CPP) has taken delivery of a new panamax containership, which will commence a five-year timecharter to CMA CGM. It also has won a timecharter from Cargill…
Genco Shipping Baltic Trading Merger - Voting Next Month
Genco Shipping & Trading Limited and Baltic Trading Limited have declared July 17 the date for an annual meeting of the two companies, where shareholders will vote on their proposed merger.
Dorian LPG took Delivery of the Cougar
US-headquartered owner and operator of modern Very Large Gas Carriers (VLGC) Dorian LPG took delivery of the ECO VLGC Cougar from Hyundai Samho Heavy Industries.
Ship Finance Buys Three Boxships
Ship Finance International Limited has acquired three 9,000 teu capacity container ships that are under construction from an unrelated third party. The Fredriksen…
Carnival Orders New Cruise Ships to Stuff Approx 7,000
Carnival Corporation has signed a multi-billion dollar contract to build four next-generation cruise ships with the largest guest capacity in the world. The four…
Cosco Bags Research Ship Order
Cosco (Guangdong) Shipyard secured a contract worth over 129 million yuan ($20.8m) to build one research vessel, to be delivered in the fourth quarter of 2017. The…
