Offshore drilling contractor Borr Drilling booked a loss in the second quarter of the year as its revenues dropped due to several planned contract completions, but the driller still sees early signs of recovery in the industry. Borr Drilling on Friday reported total operating revenues of $84 million for 2Q 2020 compared to revenues of …
Borr Drilling sees early signs of recovery despite 2Q loss Read More »
Norwegian pair, Tunable and Höegh LNG have concluded a joint field trial for continuous online monitoring of the composition and calorific value of natural gas. Courtesy of Tunable The objective has been to provide a gas analyser that requires less support and reduces Höegh LNG’s annual operation and maintenance cost. As part of this joint …
Tunable and Höegh LNG test gas analyser onboard FSRU Höegh Galleon Read More »
Ocean Power Technologies (OPT) has welcomed Gilar Prakoso to the OPT commercial team as Asia-Pacific representative, based in Jakarta, Indonesia. “The Asia-Pacific region presents significant opportunities for OPT’s power and communications solutions among nations concerned with maritime border enforcement and safeguarding vast oceanic resources,” said George H. Kirby, president and chief executive officer of OPT. “Gilar’s fluency with local …
By 2035, Taiwan will become the largest offshore wind market in the Asia-Pacific (APAC) region after China, with 15 GW of capacity estimated to be added by that time, according to GlobalData. “Taiwan offshore wind market is poised to witness multifold expansion to reduce its reliance on fossil fuel generation and build a cleaner sustainable …
Taiwan to become second largest APAC offshore wind market Read More »
United Business Group (UBG) Secretary General and former FPCCI President Zubair Tufail Wednesday said that the shipping sector has been neglected for decades but the shipping policy announced by Federal Minister for Maritime Affairs Ali Zaidi will bring a new life in Pakistan shipping sector and help private sector to bring new ships in the …
Shipping policy to inject new life into shipping sector: UBG SG Read More »
The Dutch LNG market player Rolande has opened its first LNG station in Belgium together with partner G&V Energy Group. Courtesy of Rolande The partners join forces to be able to create a covering LNG network in Belgium, Rolande said in its statement on Friday. The first LNG station is situated on the right bank …
Rolande, G&V Energy open LNG fueling station in Antwerp Read More »
Due to challenges caused by the COVID-19 pandemic, Hong Kong-based port operator COSCO Shipping Ports suffered decreases in both throughput and earnings in the six-month period ended 30 June 2020. Image by COSCO Shipping Ports Total throughput dropped by 3.6 per cent to 57.6 million TEU in the first half of the year, while equity …
COSCO Shipping Ports eyes growth despite throughput decline Read More »
Norwegian oil and gas company Equinor has completed a logistics operation with a drone to an offshore installation in the North Sea offshore Norway. [embedded content] Equinor said in a statement on Friday that a drone flew a 3D-printed part for the lifeboat system from the Mongstad base to the Troll A platform in the …
Equinor in first-ever drone transport to offshore field Read More »
Russia’s largest independent natural gas producer Novatek has achieved another milestone for its Yamal LNG project. Courtesy of Novatek Novatek’s units Novatek Gas & Power Asia, shipped the first cargo of liquefied natural gas (LNG) from Yamal LNG project to the United Arab Emirates. The cargo was delivered under a spot contract, Novatek said in …
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