Latest News

New charter for Shackleton

Rieber's RRS Ernest Shackleton has been secured under an option for another year by the UK's Natural Environment Research Council commencing from August 2014. ...

Projected requirements for FPSOs over the next five years

Floating production, storage, and offloading vessels (FPSOs) are the most common type of floating production system. ...

Tsakos Energy Navigation Ltd to Build LR1s for Oil Major

Tsakos Energy Navigation Limited (TEN) announced today the chartering of two of its modern Suezmax tankers with a European oil major for 24 and 12 months respectively with charterers options for another 12 months for each vessel at an ...

ASIA-PACIFIC SUPERYACHT ASSOCIATION (APSA)

Asia-Pacific Superyacht Association The primary objective of the Asia-Pacific Superyacht Association is to promote the Asia-Pacific region to the global superyacht community both as the world’s “most exciting cruising destination” and as a superyacht construction, refit and services ...

Tidewater orders Wärtsilä designed MPSV in Turkey

Wärtsilä has won a design contract for a multi-purpose platform supply vessel (MPSV) ordered at Turkey's Tersan Shipyard by Tidewater, Inc.for operation by its Troms Offshore subsidiary. There is an option for...

BP and CNOOC sign 20-year LNG deal

LONDON – BP and the China National Offshore Oil Corp. (CNOOC) have agreed to supply up to 1.5 MM metric tons (1.65 MM tons) of LNG per year over 20 years starting in 2019. ...

SA's offshore oil hunt to grow

SOUTH Australia's petroleum exploration potential appears to be hotting up with four large offshore blocks released for competitive bids. Interestingly three of the blocks surround the area where BP is currently conducting seismic exploration for oil and gas in the Great Australian Bight. The head of resou...

Reach Subsea charters ‘Edda Fonn’

Reach Subsea has today signed a three-year time charter agreement with Østensjø Rederi for the ROV / subsea vessel “Edda Fonn”. ...

Lundin gets green light for new well in Norwegian North Sea

The Norwegian Petroleum Directorate (NPD) has granted Lundin Norway AS a drilling permit for well 16/4-8, in the Norwegian part of the North Sea. ...

DNV GL Launches New Recommended Practice on LNG Bunkering

DNV GL is launching a new Recommended Practice (RP) on LNG Bunkering in the Middle East & South Asia. The launch in Doha is in conjunction with Qatar’s announcement that it is going to establish a strategy of supplying LNG as a marine fuel in Qatar and the other countries forming the Gulf Cooperation Council (GCC). “Qatar’s entr...

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