DNV GL-led JIP enters phase 2 [Offshore]
Subsea processing offers great potential for the oil and gas sector, but is also a relatively young field of technology, causing costly and inefficient tailor-made solutions. The DNV GL-led joint industry project (JIP) on standardizing subsea pro...
2017-06-21 07:29:58
Decommissioning – Will Yards Become A Bottleneck? [Offshore]
The key to governing a late life oil province like the North Sea is getting the balance right between initiatives to maximise recovery in late life assets with the practicalities of planning for decommissioning. Fail on the first and oil is left ...
2017-06-21 07:26:52
Schlumberger introduces new spectroscopy service [Offshore]
Schlumberger introduced the Pulsar multifunction spectroscopy service on June 19 at the SPWLA 58th Annual Symposium. The new service provides the industry’s first complete cased hole formation evaluation and reservoir saturation monitoring with...
2017-06-21 07:23:14
BWM Convention dates need to be finalized [Equipment]
The global shipping industry – as represented by the International Chamber of Shipping (ICS) – has urged its global regulator, the International Maritime Organization (IMO), to back a carefully crafted proposal, from a broad coalition of gove...
2017-06-21 07:20:41
MAN wins engines for 180K LNGC duo [Equipment]
Knutsen OAS Shipping, the Norwegian operator, has ordered 4 × MAN B&W 5G70ME-GI engines with EGR systems in connection with the construction of two 180,000 m3 LNG tanker newbuildings. Upon delivery in 2020, the vessels will transport cargoes...
2017-06-21 07:17:22
Qatargas-Shell ink new LNG agreement [Shipping]
Qatargas, the World's Premier Liquefied Natural Gas Company, announced on June 18 that it signed a new Sale and Purchase Agreement (SPA) with Shell. Under the terms of the agreement, Qatargas will deliver up to 1.1 million tonnes of Liquefied Nat...
2017-06-21 07:15:48
MISC-Statoil discussing TK charter deal [Shipbuilding]
MISC Berhad (MISC), a Malaysia's state-owned operator, turns out to have been in the process of concluding a deal with Statoil of Norway to hire two new shuttle tankers. According to TradeWinds, the two 125,000 dwt shuttle tankers, which will ...
2017-06-21 07:12:40
Dassault Systems takes over AITAC BV [Equipment]
Dassault Systems announced on June 19 that the global 3D solution provider has completed the acquisition of AITAC BV, a marine and offshore engineering company in the Netherlands.   With the acquisition, Dassault is capable of providing 3...
2017-06-21 07:11:55
Korea 1H new orders "losses" [Shipbuilding]
Korean shipbuilders' orders received in the first half of this year are likely to record a deficit at the time of completion. Jeong Dong-Ik, an analyst from KB Securities of Korea, said, "Korean shipbuilders' market share of new orders increas...
2017-06-21 07:10:40
POSCO sells all shares in HHI [Finance]
Korea's leading steel maker POSCO has recently sold all of its stakes in Hyundai Heavy Industries.  The multinational steel-making company launched the book-building process for the sale of its 1.101247 shares in Hyundai (1.94% of the Kor...
2017-06-21 07:09:43
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