Offshore is one of the industries with the biggest risk profiles in the world. When bad things happen in offshore, people die, often there are explosions and sinkings, fires and oil spills, and the environment can be badly polluted, killing seabirds, fish, dolphins and coral, and inflicting...
Mitsui OSK Lines (MOL) has launched the commercial operation of the floating storage and regasification unit (FSRU) Jawa Satu for the Jawa 1 LNG-fired power plant in West Java, Indonesia. MOL owns the FSRU through local partner Jawa Satu Regas, an entity jointly established by Indonesian...
It seems appropriate to get all biblical this week, just after Easter. When Saint Paul wrote in his letter to the Galatians that “a man reaps what he sows,” he probably wasn’t thinking about corruption in the oil and gas industry two millennia later. But the last month has seen no less than four...
In an industry is awash with cash and record profits, it is tragic to see five people confirmed dead in an accident on a Perenco platform offshore Gabon, and one other worker still missing, presumed also killed, as per the most recent update. Last Wednesday, there was a fire on the Becuna platform...
Whilst the first big consolidator of this offshore upcycle was Tidewater, rapidly followed by ADNOC and AD Ports of Abu Dhabi, Europe is also experiencing a quiet wave of consolidation. Driving this is the biggest of the “Big Four” lowlands dredging and offshore companies, Boskalis. But whereas the gains in Tidewater have been open to […]
The post COLUMN | Winner takes it all: Boskalis binges with record profits, as Boluda takes silver and McDermott gets sued (again) [Offshore Accounts] appeared...
The novelist Jodi Picoult once said that, “there are two ways to be happy: improve your reality, or lower your expectations.” Changing the world for the better is hard, but there have been a lot of expectations lowered in the offshore industry this week. Unfortunately, these reduced expectations seem to have produced little joy in […]
The post COLUMN | Lowered expectations: Saudi Arabia’s oil production; Nigeria’s currency; SBM’s whistleblower; Falkland Islands’ FPSO [Offshore Accounts] appeared...
FSRU Wilhelmshaven, a joint venture between French utilities company ENGIE and Brussels-based Tree Energy Solutions (TES), has awarded Van Oord a contract to construct a floating storage and regasification unit (FSRU) jetty at Wilhelmshaven in Germany. Van Oord is responsible for the procurement...
Oh, to be young today! I know, I know, I know, I know, Sophie Ellis Bextor’s 2001 single “Murder on the Dancefloor” is back topping the charts after it appeared in a post cinematic rip-off of The Talented Mr. Ripley, and David Guetta is filling the dancefloors with his Grammy nominated “Baby Don’t...
Germany’s Niedersachsen Ports has begun operating a newly constructed jetty built specifically to handle the offloading of LNG from floating storage and regasification units (FSRU). The Port of Stade is the second port in Lower Saxony to feature a dedicated LNG jetty that will be put into operation...
A rebuilt floating processing unit has been handed over to a Greek owner while a Dutch operator places orders for additional renewables support vessels. Designs have meanwhile been selected for crewboats for a UK customer and jackup barges that will be deployed in the Middle East. Converted FSRU...