The global liquefied natural gas (LNG) market has continued to defy expectations of many market observers, with demand growing by 29 million tonnes to 293 million tonnes in 2017, according to Shell’s annual LNG Outlook. Such strong growth in demand is consistent with Shell’s first LNG Outlook…
GTT announces it has received several orders, since the beginning of the year, for the equipment of three LNG Carriers (LNGCs) and one bunkering vessel. The three LNGCs, offering capacities ranging from 174,000 to 180,000 m3, will be built…
Swiss offshore services firm Allseas is planning to build a vessel big enough to be able to remove the world's largest oil and gas platforms when they reach the end of their production lives, its chief executive said. The vessel, to be called Amazing Grace…
PGS has completed its fleet expansion with the naming of its latest newbuild, the Ramform Hyperion, at Mitsubishi Heavy Industries Shipbuilding yard in Nagasaki, Japan today (22 March). The first vessel of the Ramform Titan-class came in 2013 with the delivery of Ramform Titan…
Mermaid Maritime is at the chopping block again with China Merchants Industry, as the Thai company axes an additional two newbuild contracts with the shipbuilder. Illustration of the MTR-3 rig…
Italy's Fincantieri has offered to buy out all the shares in shipbuilder Vard. Shipbuilding group Fincantieri, which is listed in Italy and is currently the majority shareholder in Vard, with 55.63% of shares, is offering S$0.24 a share in cash for Vard…
Solstad Offshore has taken delivery of the Normand Maximus and started it on its eight-year charter contract with Italy's Saipem. The Normand Maximus was developed in close collaboration between Solstad, Saipem and shipbuilder Vard…
Singaporean shipbuilder Sembcorp Marine is set to acquire 100% equity stake in Norway-headquartered LMG Marin for US$20 million. LMG is a naval architecture as well as ship design and engineering house with offices in Poland and France…
Saudi Arabia has taken two steps towards boosting its in-country rig building and high-end manufacturing capabilities in the sector. Saudi Aramco, the Kingdom's oil super-major, Abu Dhabi-based engineering and rig building firm Lamprell…
Model testing of Norwegian ship designer Sevan Marine's cylindrical hull concept for use in the Gulf of Mexico's ultra deepwaters has shown positive results, the firm has reported. The hull design has been tested at the Offshore Technology…
After equipping over 20 purpose supply vessels (PSV)/multipurpose supply vessels (MPSV), GE has been chosen by Hornbeck Offshore Services’ (HOS) to equip two next generation of US flagged, Jones Act-qualified MPSVs, to be constructed at Eastern Shipbuilding…
Frigstad Kristiansand, the second ultra-deepwater semisubmersible drilling rig build by CIMC Raffles for Frigstad, completed mating in Yantai Shipyard, China, yesterday. As one of the deepest operating and drilling semisubmersible rigs…
Power and automation firm ABB is to provide software for three newbuild deepwater subsea construction vessels being built by new company Ultra Deep Solutions. Ultra Deep Solutions was set up in 2014, by industry veteran Sheldon Hutton…
Triyards inked a string of contracts worth US$45.5 million. One of the newly minted contracts will see the group construct its scientific research vessel for new client Taiwan Ocean Research Institute, National Applied Research Laboratories (TORI)…
Work on a new ice-breaker which will work for Sovcomflot in the Sakhalin-2 project has started at the Arctech Helsinki shipyard with a festive keel laying. The vessel is the first of four icebreaking sister ships Sovcomflot has ordered…
Subscribe
