Exploration enters phase of recovery [Offshore]
If the industry is out of the emergency room in 2017, it is not yet out of hospital. Even if oil prices recover further, explorers will need to focus on finding low cost oil and gas profitable to develop at $40 per barrel or less. Low cost oil wi...
2017-05-17 07:32:35
TMC nets another Hoegh FSRU deal [Equipment]
It turned out that Samsung Heavy Industries has awarded TMC Compressors (TMC) a contract to deliver a marine compressed air system to a floating storage and regasification unit (FSRU) the South Korean yard is building for Höegh LNG.   Und...
2017-05-17 07:29:22
Rolls-Royce to power new multipurpose vessel [Equipment]
The Norwegian Coastal Administration’s new multipurpose vessel OV Ryvingen will be its second to combine traditional diesel power with battery-driven operation. The battery pack that Rolls-Royce has been commissioned to equip the Ryvingen wi...
2017-05-17 07:27:40
LQT wins multiple GoM projects [Offshore]
LQT Industries, LLC, a service provider and construction company to the energy and industrial markets worldwide, announced on May 15 that it has been awarded multiple Gulf of Mexico projects including aluminum accommodation rental packages, const...
2017-05-17 07:25:45
TurkStream gas pipeline started to be built [Offshore]
Construction of the TurkStream gas pipeline was commenced on May 7 in the Black Sea near the Russian coast. Pipelaying is carried out by the Audacia vessel owned by Allseas, the construction contractor for both strings of the gas pipeline’s off...
2017-05-17 07:23:26
Eoltech to monitor wind projects [Offshore]
Eoltech, an independent wind energy consulting firm, has recently announced that it won contracts from major French customers to deploy IREC-Index. With this advanced multi-source wind energy index, Eoltech will aim to refine the monitoring of 24...
2017-05-17 07:20:49
3Si Group appoints new CEO [General]
Safety and Survival Systems International Ltd (3Si) has recently announced the appointment of new CEO, Andrew Richards.  Andrew joins the Group, whose companies include Ocean Safety, Typhoon International, International Safety Products, 3Si ...
2017-05-17 07:19:02
COSCO clinches FSRU module deal [Offshore]
The Board of Directors of COSCO SHIPPING International (Singapore) Co., Ltd. (the “Company”) has recently announced that COSCO (Qidong) Shipyard Co., Ltd (“COSCO Qidong”), a subsidiary of the Company’s 51% owned subsidiary, COSCO Shipya...
2017-05-17 07:17:10
Korean yards cut 14% workforce [General]
Last year, the number of Korean shipbuilding industry's reduced manpower exceeded 8,670 which was 2,750 more than the total number of listed companies combined. Chaebul.com announced that the FY2016 financial reports submitted by KOSDAQ listed...
2017-05-17 07:13:45
Namura completes 'EEDI Weather' test [Shipbuilding]
Namura Shipbuilding has recently announced that the Japanese shipbuilder obtained a preliminary certification regarding the international maritime organization's (IMO's) Energy Efficiency Design Index (EEDI) for the first time in the world for ve...
2017-05-17 07:12:42
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