Johan Sverdrup is by far the largest ongoing project on the Norwegian Continental Shelf for the next few years. Statoil has awarded contracts to DNV GL for verification of all 4 topsides, the 3 bridges, 3 of 4 jackets, topside installation by…
Kvaerner has signed a framework agreement with Statoil, on behalf of Partners, for upgrading of the Njord A semi-submersible platform. At the same time, Statoil has made the first call-off from the framework agreement with an estimated value of NOK 120 million…
Seagull Oil & Gas has launched the most cost efficient and comprehensive e-learning training package in the industry for offshore personnel working in explosive atmospheres.Building on International Electrotechnical Commission (IEC) standards…
Royal Boskalis Westminster N.V. (Boskalis) has concluded the acquisition of the dredging activities and assets of STRABAG Wasserbau GmbH. The transaction price of EUR 70 million has been financed from Boskalis' own cash.With the transaction Boskalis acquires the equipment…
Two Japanese destroyers and a submarine have arrived to the major Philippine port of Subic, , the first in 15 years, to uphold “peace and stability” in the region, the Philippine Navy have said. The port of Subic is located in the vicinity of the disputed South China Sea water routes…
Australia's Liquefied Natural Gas Limited (LNGL) has appointed Chevron executive Greg Vesey to replace company founder Maurice Brand as managing director and chief executive. Brand will continue on with LNG as an executive director until his retirement in June next year…
Russian tanker player Primorsk International Shipping has dropped its restructuring plans in favour of pushing through asset sales, reports WSJ. This is what Primorsk's lawyers told a bankruptcy court in Manhattan on Friday. Creditors have until Wednesday to object to the motion…
The National Shipping Company of Saudi Arabia (Bahri) has inked a Murabaha Facility Agreement with Riyad Bank over the weekend to fund an order for five very large crude carriers it made with Hyundai Samho Heavy Industries. The Islamic…
Scorpio Bulkers has continued to cull its fleet expansion with the cancellation of a newbuilding contract for a kamsarmax bulk carrier. US-listed bulker owner set to save $19.3m final installment costs after walking away from order. The vessel had been scheduled for delivery in April 2016…
Vietnam's coast guard has seized a Chinese vessel for intruding into its territorial waters, say local media. The ship, carrying more than 100,000 litres of fuel, was stopped near the northern maritime border last week. Vietnamese media…
Israel has extended the distance it permits Gaza fishermen to head out to sea along certain parts of the coastline of the enclave, which is run by the Islamist terror group Hamas, reports Reuters. Fishermen in Gaza are now sailing further…
National Shipping Company of Saudi Arabia said on Sunday it had signed a murabaha facility with Riyad Bank valued at 1.425 billion riyals ($380 million) to finance the construction cost of five very large crude carriers.The facility lasts for a period of 10 years and six months…
Following on a March 2015 agreement and a memorandum of agreement last December, Fincantieri, a leader in cruise ship design and construction, and Carnival Corporation & plc, the world’s largest cruise company, have finalized contracts for the construction of five next-generation passenger ships…
Nadir B. Godrej, MD of Godrej Industries Ltd., was conferred the Lifetime Achievement Award by the All India Liquid Bulk Importers and Exporters Association (AILBIEA) during its 15th Anniversary celebration held on 1st April 2016 in Mumbai. AILBIEA…
Severe floods are expected on China's Yangtze River this year due to a strong El Nino weather pattern, state media said, raising the risk of deaths and damage to property and crops along the country's longest waterway.The El Nino conditions…