The Danish Parliament has approved new regulation following extension of the rules on tax free net wages for seafarers to also include certain specialized vessels.According to Danish Maritime Authority, the Danish parliament adopted an extension of the seafarer tax scheme last spring…
Oil and gas companies plan to drill 40-50 exploration wells on the Norwegian continental shelf in 2019, similar to levels seen in 2018, the head of exploration activities at the country's Petroleum Directorate told a conference on Tuesday.Norway…
Though the tanker market has been a global maritime laggard in 2018, with overcapacity cited as the chief culprit, apparently it could not dissuade PAO Sovcomflot (SCF Group) from inking a deal wih Rosneft, Zvezda Shipbuilding Complex and VEB Group for a pair of Aframax tankers…
Poland's imports of Russian oil last year fell to their lowest level since 2005, a central bank report published on Tuesday showed, though Warsaw's bid to diversify its energy imports also meant paying higher prices.Russian oil accounted for 76 percent of all oil purchases…
Hansa Heavy Lift (HHL) has successfully transported two ship-to-shore (STS) cranes via the Northern Sea Route (NSR), relocating them from the port of St. Petersburg to the port of Vostochny, spanning both the European and Far East regions of Russia…
Russia's Gazprom has made a discovery on the Kirinsky block in the Sea of Okhotsk. The firm was drilling an exploration and appraisal well on the Yuzhno-Lunskaya structure within the Sakhalin III project. As a result, a substantial gas and condensate inflow was reported…
The repair of the Polyarnaya Zvezda and Severnoye Siyaniye, sixth generation semisubmersible mobile offshore drilling units (MODU), have been completed under the survey of Russian Maritime Register of Shipping (RS) at Yantai CIMC Raffles Offshore Shipyard in Yantai…
International classification society Bureau Veritas announced it will class the series of Arctic-capable LNG carriers that will be built in Korea's DSME yard to service the Yamal LNG project in Russia's high arctic. Exporting LNG from Yamal calls for a type of LNG carrier never built before…
Bestobell Marine, a manufacturer of cryogenic valves, has secured an order for its cryogenic globe and check valves for the second LNG carrier in the Yamal series of vessels being built at DSME shipyard in South Korea. After successfully…
While Russia is continuing to pump crude oil at record levels, producing on average 10.685 MMb/d in 2015, the continuous pressure from US/EU sanctions is having an impact on the strategic course of Russian oil and gas industry, says an analyst with research and consulting firm GlobalData…
A Russian offshore gas and condensate field in the Sea of Okhotsk has been added to a US-sanctions list prompted by Russia's actions in Ukraine. The Yuzhno-Kirinskoye field, 35km northeast of Sakhalin Island and 6km southeast of the Kirinskoye field…
Wood Mackenzie has evaluated the competitive position of the three largest Russian oil and gas producers at US$60/bbl oil and their strategic action taken to date. In 2014, the Russian majors' share price performance was hit harder by…
Arctech Helsinki Shipyard has moved into full Russian ownership after United Shipbuilding Corporation bought the other half of the company's shares from STX Finland. Finland based Arctech Helsinki Shipyard was founded in December 2010…
Russian authorities confirmed the reserves in the Pobeda oil and gas field, located on the Kara Sea shelf, Rosneft announced. The field was discovered through the Universitetskaya-1 well. The gas reserves were discovered in the chalk deposits of Cenomanian Age and Apt-Alb Age…
The living quarters platform (LQP-1) topside for the Vladimir Filanovsky field has arrived at its north Caspian Sea destination from Krasnye Barrikady shipyard in Russia’s Astrakhan region, the Russian Maritime Register of Shipping (RS) announced on 5 August…
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