By Offshore Energy Today.. Norwegian subsea services provider DOF Subsea has decided to wait with launching the initial public offering (IPO) after all due to volatile market. The company’s shareholders, DOF ASA with 51% and a fund managed by First Reserve with 49% ownership, started considering the opportunity for the company to apply for a…
By LNG World News Image courtesy of Barents NaturGassBarents NaturGass said its LNG bunkering facility located at Polarbase, the supply base for the Barents Sea, in Hammerfest in northern Noway has started operations. The facility has an LNG storage capacity of 1250 cubic meters and a pump capacity of 90 tons per hour and is…
By Offshore Energy Today Croatian sailors who have been detained in Angola for months, accused of fuel theft from an offshore support vessel, have been set free. According to the Croatian Seafarers Union, the sailors, Duško Jelača i Vanja Maričić, have now been released and cleared of all charges due to the lack of evidence….
By LNG World News Image courtesy of ContainershipsFinnish shipping company Containerships said the construction of its LNG-fueled containerships s progressing at the Chinese Wenchong Shipyard, Guangzhou. For the first vessel, two double bottom blocks are already under erection on the slipway. In addition, six blocks have been painted and over 80 blocks are accepted. Over…
By Offshore Energy Today.. Oil giant ExxonMobil on Friday made a final investment decision (FID) to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also on Friday announced positive results from the Liza-4 well, which encountered more…
By Offshore Energy Today Startups are looking for opportunities to bring their project or ideas to the attention of the market, however, exhibiting is often a bridge too far regarding the costs it entails. Offshore Energy (OEEC) is looking for early stage start-ups with good technical ideas that make the offshore energy sector economical, safer,…
By LNG World News Image: CheniereCheniere’s Sabine Pass liquefaction terminal in Louisiana, currently the only such a facility to ship U.S. shale gas overseas, has exported more cargoes of the fuel in the week ending June 14 as compared to the week before, according to the Energy Information Administration. Five vessels with a total LNG-carrying…
By Offshore Energy Today The Dockwise Vaguard, the world’s largest heavy transportation vessel is set to reach Norway this weekend, delivering the hull of world’s largest spar platform – Statoil’s Aasta Hansteen. The vessel in April left South Korea’s Hyundai Heavy Industries yard where the platform was built, carrying the heavy load to Norway. According…
By LNG World News Image courtesy of Aurora LNGAurora LNG has restarted the environmental review process for its export facility located at Digsby Island in the Prince Rupert region. Aurora LNG, a joint venture between Nexen Energy, a CNOOC company and Inpex is proposing to construct and operate an LNG facility and marine terminal on…
By Offshore Energy Today.. U.S. offshore supply vessel operator Hornbeck Offshore has refinanced its existing $200 million credit facility with a new delayed-draw facility providing for up to $300 million of term loans. The six-year term of the new credit facility extends the maturity of the old credit facility from February 2020 to June 2023….