Who’s the top valued LNG shipping company?
AUGUST 17, 2015—What company has the Highest Value Whole Gas (either LNG or LPG) shipping fleet? According to VesselsValue.com, that honor belongs to Teekay LNG Partners, with 37 vessels and a capacity
Oil & Gas
Tough quarter for Tidewater
AUGUST 11, 2015—Amid the challenging oil market conditions, offshore support vessel owner Tidewater Inc., New Orleans, LA, reported a first quarter net loss for the period ended June 30, 2015, of $15.1
Korean shipyards look to cut newbuild costs
AUGUST 10, 2015—South Korean shipyards are market leaders for construction of floating and fixed offshore oil and gas installations. They are world-class competitively, but even greater savings could result from addressing variations
Tanker demand for crude and residuals to rise
AUGUST 8, 2015—Tanker demand for crude and residual fuel products is expected to increase by 2.5% in 2015 from year ago levels as a reduction in oil prices and improving refining economics
BSEE inspectors keep sharp eye on Shell
AUGUST 7, 2015—Inspectors from the U.S. Department of Interior’s Bureau of Safety and Environmental Enforcement (BSEE) are keeping a sharp eye on Shell’s “top-hole” drilling operations being conducted off of Alaska in
Bourbon set to keep on stacking
AUGUST 6, 2015 — Paris headquartered offshore services giant Bourbon reported record first half 2015 adjusted revenues of €758.8 million, a 13.1% increase on the equivalent period last year, but down 6.8%
Bechtel awarded FEED contract for Port Delfin FLNG
AUGUST 6, 2015 — Bechtel reports that it has been selected by Delfin LNG, a wholly-owned subsidiary of Fairwood Peninsula Energy Corporation, to perform front-end engineering and design for the first U.S.-based
Gard: Six takeaways from Deepwater Horizon
AUGUST 3, 2015 — Arendal, Norway, headquartered P&I club Gard notes that last month’s settlement by BP brings to an end the outstanding major claim elements of Deepwater Horizon case.The current estimate
Fennica: Uncharted shoal found
JULY 29, 2015 — The icebreaker MV Fennica, which suffered damage to its hull on July 3, may have been damaged by a previously uncharted shoal. At the time, the ship was
Damen delivers Twin Axe FCS customized for O&G industry
JULY 28, 2015 — Damen Maaskant Shipyards Stellendam, The Netherlands, recently handed over a Twin Axe Fast Crew Supplier 2610 to a long time customer, family-run Groen Offshore, Guard & Support. Named after